U.S. Global Investors restates March 2021 financials; net income down $5.6M, EPS cut $0.37

U S GLOBAL INVESTORS INC

Restatement due to fair value errors on HIVE convertible debentures and warrants; securities value increased $5.8M, net income decreased $5.6M.
Basic and diluted EPS decreased by $0.37 for three and nine months ended March 31, 2021.
Material weakness identified in internal controls over valuation of complex investments; remediation in progress.
Nasdaq deficiency letter received for late Form 10-K filing; compliance plan due December 17, 2021.
Operating revenue and cash flow unchanged; company previously raised dividend by 50%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.