secwatch.observer — SEC 8-K summary
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Issuer:     Marygold Companies, Inc. (MGLD)
CIK:        0001005101
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001437749-22-012673
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marygold Q3 revenue $9M, net income $0.9M ($0.02 EPS) vs $1.6M year ago
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- Revenue $9M for Q3 ended March 31, 2022, down from $10M YoY; net income $0.9M ($0.02 diluted EPS) vs $1.6M ($0.04).
- Nine-month net income $12K (breakeven) vs $5M YoY, hurt by $2.5M USCF settlement and $1.5M app development costs.
- Completed upsized public offering of 1.9M shares at $2.00, gross proceeds ~$3.7M; shares now trade on NYSE American under MGLD.
- Balance sheet strong: $34M total assets, $16M cash, $28M equity; company remains debt-free.
- Marygold mobile fintech app nearing completion; beta testing expected in coming months, launch by end of calendar 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005101/000143774922012673/0001437749-22-012673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005101/000143774922012673/mgld20220515_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-012673

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer