The grading of trading cards and autographs continues to be a booming business for PSA and PSA/DNA.
PSA’s parent company, Collectors Universe, has released its financial report for the fourth quarter and fiscal year 2018. Service revenues for cards and autographs both set new records with an increase of $900,000 in revenue in the fourth quarter and $3.1 million in fiscal 2018. Those figures represent increases of 18% in both periods and record quarterly and annual revenues. CU says it’s the eighth consecutive year of top and bottom line growth for PSA and PSA/DNA.
PSA/DNA also announced that it’s in the beginning stage of an international expansion. They’ve recently hired a business director who will be focused on building brand awareness and business relationships.
“We established a legal entity in Japan as of July 2 and have signed an agreement with Shanghai Ruika, the largest trading card distributor in China, to become our first official submission center in the region,” said Collectors Universe CEO Joe Orlando. “This will enable us to start building our brand overseas in a more meaningful way.”
In an effort to streamline and move its operational capacity to where the need is at any particular time, the company indicated it has begun blending personnel and resources between its coin and card businesses when appropriate.