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Stock impact report

U.S. Global Investors Reports Strong Results for December Quarter [Yahoo! Finance]

U.S. Global Investors, Inc. - Class A (GROW) 
US:NASDAQ Investor Relations: usfunds.com/about-us/investor-relations
Company Research Source: Yahoo! Finance
with longstanding experience in global markets and specialized sectors from gold mining to airlines, today reported net income of $1.2 million, or $0.09 per share, in the quarter ended December 31, 2023. That was up from a net loss of $176,000, or $0.01 per share, in the previous quarter and represents a 45% increase from the same quarter a year earlier. The growth in net income was due in large part to a significant increase in net investment income, which was $1.4 million for the quarter ended December 31, 2023, compared to net investment income of $116,000 for the same period a year earlier. This increase included net unrealized gains on equity securities of $279,000, compared to net unrealized losses of $937,000 in the comparable period. Operating revenues during the quarter were $2.8 million, while total assets under management (AUM) at quarter end were $2.1 billion, down from AUM of $2.4 billion a year ago. “The decline in assets was predominantly driven by the U.S. Global Show less Read more
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