Marygold Companies reports Q1 FY2024 net loss of $500K on revenues of $8.2M

Marygold Companies, Inc.

2024-Q1 EPS reported -$0.01 revenue$8,235,000

Net revenues $8.2M, down 8% from $8.9M in prior year period.
Net loss of $500K ($0.01 per share) vs net income of $497K ($0.01 per share) last year.
Cash and equivalents $7.0M; no debt; total assets $35.5M, equity $30.0M.
Loss primarily due to investment in Marygold & Co. fintech app development and marketing.
COO notes operating subsidiaries remain cash flow positive; revenue decline within acceptable volatility.

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 September 30, 2023 results: revenue $8.2 million, net income net loss of $500 thousand, EPS loss of $0.1 per share.

Period: three months ended September 30, 2023
Revenue: $8.2 million
Net income: net loss of $500 thousand
EPS: loss of $0.1 per share
Result: reported results

Exact text from the filing

The Marygold Companies Reports Financial Results for 2024 First Fiscal Quarter San Clemente, Calif., November 13, 2023 —The Marygold Companies, Inc. ("TMC," or the "Company") (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the 2024 first fiscal quarter ended September 30, 2023. Net revenues for the three months ended September 30, 2023 were $8.2 million, versus $8.9 million last year. The Company registered a net loss of $500 thousand, equal to a loss of $0.1 per share, for the fiscal 2024 first quarter

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Marygold Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-031861

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