earnings
confidence high
sentiment positive
materiality 0.65
U.S. Global Investors Q1 2022 revenue doubles to $6.5M, EPS up 23% to $0.16, AUM hits $4B
U S GLOBAL INVESTORS INC
2022-Q2 EPS reported
$0.40
revenue$13,095,000
- Operating revenue $6.5M, up >100% YoY; net income $2.4M ($0.16 diluted EPS) up 23% YoY.
- Average AUM $4.0B, doubled from same quarter last year; operating margin improved to 44% from 29%.
- JETS AUM ended quarter at $3.7B, up 125% YoY; new ETF SEA launching January 2022.
- Board authorized monthly dividend $0.0075/share through March 2022; share repurchase program up to $2.75M through Dec 2022.
- Management reviewing strategies to unlock stock value; cash & equivalents $19.8M, up 36.8% sequentially.