secwatch.observer — SEC 8-K summary
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Issuer:     Marygold Companies, Inc. (MGLD)
CIK:        0001005101
Form:       8-K
Filed at:   2022-09-29T23:59:59+00:00
Accession:  0001437749-22-023239
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marygold Companies reports fiscal 2022 net income $1.1M ($0.03 EPS) on $37.8M revenue; hit by $5.7M in expenses
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- Net income fell to $1.1M from $5.8M prior year; EPS $0.03 vs $0.15.
- Revenue $37.8M, down 5% from $39.9M; Q4 revenue $9.9M, net income $1.1M.
- Expenses included $2.5M legal settlement and $3.2M for fintech app development.
- Cash $12.9M (down from $16.0M); total assets $35.3M; debt-free after paying $740K related-party debt.
- Subsidiary Marygold & Co. UK acquired Tiger Financial for ~$2.9M in June 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005101/000143774922023239/0001437749-22-023239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005101/000143774922023239/mgld20220929_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-023239

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