Global Brokerage reports stockholders deficit of $203M at end of Q1 2022
Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has posted its unaudited financial metrics for the first three months of 2022, with the data revealing a wider stockholders’ deficit.
The report shows total stockholders’ deficit of $203 million at the end of the first quarter of 2022. This compares with a deficit of $183.5 million for the third quarter of 2021. This compares with a deficit of $173.2 million at the end of the second quarter of 2021.
Let’s note that the company has stopped filing financial reports with the US Securities and Exchange Commission (SEC) following Global Brokerage’s delisting and bankruptcy. Hence, the lack of any explanation for the results being what they are.
Looking at the key financial metrics, let’s mention that Global Brokerage reported total net revenues of $31.1 million for the first quarter of 2022. Total operating expenses amounted to $32.9 million.
The net loss attributable to Global Brokerage Inc for the first three months of 2022 was $9.35 million.