FRMO Corp. Announces Fiscal 2024 Third Quarter Results and Conference Call
FRMO CORP (FRMO)
NASDAQ:AMEX Investor Relations:
frmocorp.com
Company Research
Source: Business Wire
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--FRMO Corp. (the “Company” or “FRMO”) (OTC Pink: FRMO) today reported its financial results for the 2024 third quarter ended February 29, 2024.Financial HighlightsFRMO’s total book value as of February 29, 2024 was $357.8 million ($8.13 per share on a fully diluted basis), including $138.4 million of non-controlling interests. Excluding the non-controlling interests, book value was $219.5 million ($4.99 per share). This compares with total book value at the prior fiscal year end on May 31, 2023 of $284.1 million ($6.45 per share), including $114.8 million of non-controlling interests. Excluding the non-controlling interests, book value was $169.2 million ($3.85 per share).Current assets, comprised primarily of cash and equivalents, equity securities, and digital assets, amounted to $241.8 million as of February 29, 2024, and $201.3 million as of May 31, 2023. Total liabilities were $30.7 million as of February 29, 2024, and $19.4 million as of M
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