Paulson Capital Corp. on Thursday announced a smaller first-quarter loss as revenue climbed 74 percent.
The Portland-based parent of Paulson Investment Co. lost $210,064, or 4 cents per share, in the three months ending March 31. In the year-ago period it lost $821,755, or 14 cents per share.
Paulson Capital (NASDAQ: PLCC) revenue climbed to $4.8 million, up from $2.7 million a year earlier, pushed upwards by completion of an investment banking project and steady market improvements.
Paulson Investment Co. is the Northwest’s largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chet Paulson in 1970, it has managed or underwritten more than 165 public offerings and has generated more than $1 billion for client companies.
Paulson Capital shares climbed 2 percent to $1.53 before earnings were announced on Thursday. The stock’s 52-week range is 76 cents to $2.92.