U.S. Global Investors Q1 net income $1.6M ($0.11/sh), rev $3.6M; monthly dividend continued

U S GLOBAL INVESTORS INC

Net income of $1.6M ($0.11 diluted EPS), up 89% sequentially from prior quarter; vs $0.06 loss a year ago.
Revenue $3.6M vs $6.2M a year ago; average AUM $2.5B vs $4.1B YoY.
Operating income $730k; cash and equivalents $24.9M, net working capital $36.9M.
Monthly dividend of $0.0075/sh continues for July-Sept 2023; 3.27% annualized yield.
Repurchased 193,040 class A shares at net cost $556k during the quarter.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

U S GLOBAL INVESTORS INC reported quarter ended March 31, 2023 results: revenue $3.6 million, net income $1.6 million, EPS $0.11 per share.

Period: quarter ended March 31, 2023
Revenue: $3.6 million
Net income: $1.6 million
EPS: $0.11 per share
Result: reported results

Exact text from the filing

U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors from gold mining to emerging markets, today reported operating income of $730,000 for the quarter ended March 31, 2023, on total revenues of $3.6 million. The Company recorded net income of $1.6 million, or $0.11 per share, representing an 89% increase over the previous quarter’s net income.

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Source: SEC EDGAR

accession 0001437749-23-018228

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