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TOP Financial Group Stock Up 10%

Shares of TOP Financial Group Limited (TOP) are gaining over 10% on Thursday morning after the company reported its full year 2022 results.

TOP is currently trading at $11.16, up $1.06 or 10.50%, on the Nasdaq. The stock opened its trading at $11.52 after closing Wednesday's trading at $10.10. The stock has traded between $7.00 and $50.97 in the past 52-week period.

Full-year 2022 profit dropped to $3.5 million from $5.0 million last year.

Total revenues decreased by 53.7%, to $7.8 million from $16.9 million last year, driven by a decrease of $11.8 million in futures brokerage commission, net off against new revenues streams from trading solution services and structure note subscriber services that contributed a total revenue of $3.3 million.

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