U.S. Global Investors Q1 FY2024 net loss $176K on revenue decline of 29% YoY

U S GLOBAL INVESTORS INC

Operating income $215K vs $1.585M YoY; net loss $0.01 per share vs breakeven.
Revenue $3.1M, down from $4.4M; AUM $2.1B, down 28% from $2.9B.
Repurchased 198,213 shares for $611K; shareholder yield 6.84%.
JETS ETF saw $668M net outflows Jan-Sep, but Q4 inflows of $294M through Dec 8.
Global Luxury Goods Fund (USLUX) outperformed S&P Global Luxury Index in quarter.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

U S GLOBAL INVESTORS INC reported quarter ended September 30, 2023 results: revenue $3.1 million, net income net loss of $176,000, or $0.01 per share, EPS $0.01 per share.

Period: quarter ended September 30, 2023
Revenue: $3.1 million
Net income: net loss of $176,000, or $0.01 per share
EPS: $0.01 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 airlines, today reported operating income of $215,000 for the quarter ended September 30, 2023, on total revenues of $3.1 million. The Company recorded a net loss of $176,000, or $0.01 per share.

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Source: SEC EDGAR

accession 0001437749-23-034548

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