Marygold Companies reports Q1 net income $497k, revenue $8.9M; remains profitable

Marygold Companies, Inc.

2024-Q1 EPS reported $0.01 revenue$8,923,288

Net revenue $8.9M vs $9.7M prior year; net income $497k ($0.01/share) vs loss $1.9M prior year.
Cash and equivalents grew to $13.4M from $12.9M at June 30; total equity $29.2M.
USCF Investments AUM dropped ~$300M; revenue down $238k; other subsidiaries' gross profit up 2-9%.
Marygold & Co. fintech mobile app in final testing phases; Tiger Financial acquired in UK.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marygold Companies, Inc. reported the first fiscal quarter ended September 30, 2022 results: revenue $8.9 million, net income $497 thousand, EPS 0.01 per share.

Period: the first fiscal quarter ended September 30, 2022
Revenue: $8.9 million
Net income: $497 thousand
EPS: 0.01 per share
Result: reported results

Exact text from the filing

The Marygold Companies Reports Financial Results for 2023 First Fiscal Quarter -Company Remains Profitable, with Strong Balance Sheet- San Clemente, Calif., November 14, 2022 —The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD) (formerly Concierge Technologies, Inc.), a diversified global holding firm, today reported financial results for the first fiscal quarter ended September 30, 2022. Net revenues for the first fiscal quarter of 2023 were $8.9 million, versus $9.7 million for the first three months of fiscal 2022. Net income for the three months ended September 30, 2022 was $497 thousand, equal to 0.01 per share, compared with a net loss of $1.9 million, or a loss of $0.05 per share, for the three months ended September 30, 2021, which included a legal settlement of $2.5 million.

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Marygold Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-027422

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