Marygold Q3 net income falls to $153K from $870K; revenue down 7%

Marygold Companies, Inc.

2023-Q3 EPS reported $0.02 revenue$26,002,524

Q3 revenue $8.3M vs $8.9M prior year; net income $153K ($0.00 EPS) vs $870K ($0.02).
9-month net income rose to $832K ($0.02 EPS) from $12K; prior year hit by $2.5M legal settlement.
Cash $9.9M, no debt; AUM at USCF fell to $3.7B from $4.4B, lowering management fees.
Non-financial units profitable overall; inflationary pressures dent margins.
Marygold fintech app beta testing underway; 11,000 on waitlist, commercial launch expected soon.

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 three months ended March 31, 2023 results: revenue $8.3 million, net income $153,294, EPS breakeven per diluted share.

Period: three months ended March 31, 2023
Revenue: $8.3 million
Net income: $153,294
EPS: breakeven per diluted share
Result: reported results

Exact text from the filing

Net revenue for the three months ended March 31, 2023 was $8.3 million, versus $8.9 million for the comparable prior year period. The Company achieved net income of $153,294 for the current third fiscal quarter, equal to breakeven per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marygold Companies, Inc. reported nine months ended March 31, 2023 results: revenue $15.7 million, net income $832,256, EPS $0.02 per diluted share.

Period: nine months ended March 31, 2023
Revenue: $15.7 million
Net income: $832,256
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

For the first nine months of the current fiscal year, net revenue was $15.7 million, versus $17.2 million in the comparable period last year. Net income for the nine months ended March 31, 2023 increased to $832,256, equal to $0.02 per diluted share

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Marygold Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-014574

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