Paulson Capital ends year in red

Paulson Capital Corp. today released its 2007 year-end totals, reporting a net loss of $4,781,764 – or $0.78 per share However, the investment brokerage based in Portland boasted a gain of 123% in total revenue, up $30 million from $13 million a year before. Commissions earned from trades totaled $17 million, up from $15.7 million. At year’s end, the company controlled $13.3 million in cash, and about $38.7 million in shareholder equity. Investment income totaled $3.1 million, a jump from $6.4 million in losses a year before. Trading income totaled $3.5 million, up from a loss of $1.3 million. Over 2007, the company completed three initial public offerings which raised $29.7 million dollars, while underwriting 163 securities, 101 of which were IPOs.