Collectors Universe Announces Fourth Quarter and Fiscal Year 2010 Results

Collectors Universe, Inc. CLCT, a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today announced financial results for its fourth quarter and fiscal year ended June 30, 2010. Operational and Financial Highlights: * Net service revenue increased 11% in the current fourth quarter driven primarily by a 22% increase in coin service revenues, mainly related to increased bulk grading and authentication revenues. * The gross profit margin in the fourth quarter of 2010 increased to 63% from 58% in the prior fourth quarter, reflecting our continued focus on costs and operational efficiency. * The record operating income for the fourth quarter and fiscal year 2010 of $2.6 million and $8.4 million represented 24% and 21% of revenues, respectively. * Income from continuing operations for the fourth quarter was $11.0 million or $1.43 per diluted share and $16.8 million or $2.20 per diluted share for the year, inclusive of a non-cash tax benefit of $8.3 million or $1.09 per diluted share. * The Company's cash position at June 30, 2010 increased to $20.3 million, from $19.8 million at March 31, 2010, net of dividend payments to stockholders of $2.2 million or $0.30 per share in the fourth quarter.