Collectors Universe, the parent company of PSA and PSA/DNA announced record financial results for its third quarter and nine months on Wednesday.
The company’s third quarter revenues were up 7% to a quarterly record of $18.6 million. That’s a $1.3 million increase from the same period last year.
Revenues for PSA’s trading card and autograph division were up by 11 percent, while coin grading and authentication was up 7%.
Over a nine-month period, the company’s revenue was up 17% to $52.2 million. Part of that was driven by a 12% increase in card and autograph revenue. Coins were responsible for the largest share with a 21% increase over that same nine-month period.
“The momentum in our sports card business reflects the confidence collectors have in graded cards and the rate of card submissions remains very high,” said Robert Deuster, Chief Executive Officer. “Our outlook for 2017 remains very positive.”
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