earnings
confidence high
sentiment negative
materiality 0.60
U.S. Global Investors reports Q3 net loss $846k; revenue $6.2M, down 2.8% YoY
U S GLOBAL INVESTORS INC
2022-Q3 EPS reported
$0.34
revenue$19,270,000
- Operating income $2.5M ($0.17/share) with 41% margin; net loss $846k ($0.06 loss) due to $4.5M unrealized losses.
- Revenue $6.2M, down 2.8% YoY; average AUM $4.1B, up from $3.8B at Dec 31, 2021.
- Launched smart-beta ETF SEA; JETS now available on Ameriprise's $1.2T platform.
- Share buyback limit increased 81.8% to $5.0M; monthly dividend $0.0075/share through June.
- Cash and cash equivalents $26.8M, up 85.4% since June 2021; net working capital $31.8M, up 47.2%.