PSA says its ongoing and ever-growing backlog of orders is primarily due to the number of current era trading cards that are being submitted. During its quarterly earnings report teleconference this week, company officials again addressed the issue of why customers are waiting months for the return of orders that used to be delivered in weeks. In short, it’s because … [Read more...]
Revenue, Submissions, Backlog Still Growing at PSA
Collectors Universe, the parent company of PSA and PSA/DNA, reported record revenues for fiscal year 2019 on Wednesday. The company took in $72.5 million in fiscal 2019, which ended June 30. That figure includes a record $5.4 million, or 25% increase in trading card and autograph authentication revenues. Revenue from trading card and autograph submissions in … [Read more...]
Another Record Quarter for PSA as Submission Backlog Continues
The grading and authentication business continues to boom. PSA and PSA/DNA say they shipped over 620,000 collectibles in the third quarter of the 2019 fiscal year. “The PSA and PSA/DNA business set another all-time revenue quarterly record for the division and eclipsed last year’s Q3 revenue by roughly $1.3 million, a 24% increase year-over-year,” Joe Orlando, … [Read more...]
Help Wanted: PSA Tries to Keep Up With Demand as Revenue Soars
PSA has moved to new offices and brought in newly hired help but the grading and authentication arm of Collectors Universe is still trying to decrease the backlog of submissions for autographs and trading cards. The news goes hand-in-hand with another record-setting financial quarter for the Southern California-based company. Collectors Universe released its financial … [Read more...]
Quarterly Revenues at PSA Pass $6 Million
It’s a case of more good news means a little more bad news for PSA and PSA/DNA. The company continues to process a record-setting number of submissions and set revenue records, but the booming business continues to mean a backlog of orders. Late last week, PSA’s parent company, Collectors Universe, released its quarterly report for the first three months of the new … [Read more...]
PSA Continues Record Growth
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 … [Read more...]
PSA Adds Terry Melia to Staff
A new job for hobby sports marketing veteran Terry Melia. And he won’t be calling any moving companies. The former Public Relations Manager at SCP Auctions has landed a similar role at PSA, also located in southern California. Melia is no stranger to cards and memorabilia. Over the past 20 years, he's also worked in marketing and media roles at Upper Deck and … [Read more...]
CU Revenue Pushes Near $20 Million for Quarter
Business continues to boom according to Collectors Universe, parent company of PSA and PSA/DNA. The company announced results for the first fiscal quarter of 2018 on Thursday, reporting a 25% increase in revenue to a record $19.8 million, up from $15.7 million in last year’s first quarter. Company officials say it was driven by a $3.5 million, or 35%, increase in coin … [Read more...]
Collectors Universe Move Coming This Month
Collectors Universe expects to move its offices to a new Southern California location this month. As we reported earlier this fall, the company received a $3.5 million, five-year loan to help finance the project. The company says the move is “due to continued success and growing demand” for its services, which include grading trading cards through its PSA division, … [Read more...]
Orlando Promoted to Collectors Universe President; Sloan New PSA VP
Joe Orlando, president of Professional Sports Authenticator and PSA/DNA has been named the Chief Executive Officer of PSA parent company, Collectors Universe, Inc., the company’s Board of Directors announced Monday. Orlando has served as the President of PSA and PSA/DNA since 2002. He assumes responsibilities from Robert Deuster, CEO since 2012, whose retirement … [Read more...]