earnings
confidence high
sentiment negative
materiality 0.65
U.S. Global Investors Q2 fiscal 2023 net income $0.06 EPS on rev $3.7M, down from $0.24 EPS
U S GLOBAL INVESTORS INC
- Operating income $908K vs $2.94M a year ago; revenue fell 43% to $3.7M.
- Net income $869K ($0.06 per share) vs $3.59M ($0.24) in prior-year quarter.
- AUM at Dec 31, 2022 was $2.4B, up $112M from prior quarter but down from $4.1B avg a year ago.
- Share repurchases jumped 736% to 87,407 shares for ~$250K; monthly dividend policy maintained.
- CEO cites challenging capital markets; gold fund USERX earned 5-star Morningstar rating for 10-year period.