Binary options and forex broker EZTD (OTCQX:EZTD) said on Tuesday it generated a net revenue of $25.9 million in 2015, posting an increase of 29% from the previous year. The broker turned to postitive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $17,000 in 2015, while its net loss shank to $6.2 million from $8.9 million in 2014.
“This was an extremely successful year for EZTD in many respects, as the company executed on its strategy to increase its customer base and the value of each customer,” EZTD CEO Shimon Citron said.
EZTD’s assets stood at $7.0million at end-2015, compared to $4.6 million a year earlier. Details about the financial performance of EZTD follow:
EZTD’s trading volume went up 18% to $97 million last year, while the number of completed transactions jumped 120% to nearly 2.1 million. Moreover, new customers grew to 57,400 at end-2015 from 28,900 a year earlier.
Following the news, EZTD Inc.’s shares closed 30% higher at $0.13 per unit on Tuesday on the OTC Markets marketplace.
Last month, the broker announced its subsidiary EZInvest Securities Co. got a Financial Instrument Business Operator license from Japan’s Financial Services Agency (FSA). EZTD also holds a license from the Cyprus Securities and Exchange Commission (CySEC).
“We entered Japan, one of the largest markets for FX and CFDs, and are making plans to expand into other markets in Asia and the Middle East,” Citron said. “We are also enhancing our mobile software, which we believe will maximize our growth potential with even greater competitive advantages where the demand for our electronic trading platform is rapidly expanding,” he added.
EZTD is an online binary options broker and platform provider. It offers binary options trading on more than 120 instruments, such as forex, stocksm indices, and commodities. It runs three binary option and forex platform brands – www.eztrader.com, www.globaloption.com, and EZInvest.com. It has also developed EZTrader Mobile, a mobile trading application for Android and iOS devices.
EZTD operates in Europe through its CySEC-regulated subsidiary EZInvest.com and in Asia through the recently-licensed EZInvest Securities Co., which covers the market in Japan.
Source: Business Wire