Cowen Group, Inc. Announces 2010 Full-Year and Fourth Quarter Financial Results

Cowen Group, Inc. COWN today announced its operating results for the fourth quarter and full-year ended December 31, 2010.

For Q4'10, the Company reported GAAP net income of $4.1 million, or $0.06 per share, compared to a GAAP net loss of $23.4 million in Q4'09, or $0.46 per share. GAAP revenue in Q4'10 was $69.7 million, flat compared to the prior year period.

For the twelve month period ended December 31, 2010, the Company reported a GAAP net loss of $45.4 million, or $0.62 per share, compared to a GAAP net loss of $55.3 million, or $1.35 per share, in the prior year period. GAAP revenue for the twelve month period ended December 31, 2010, was $233.8 million, as compared to $123.9 million in the prior year period.