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Stock impact report

U.S. Global Investors Reports Financial Results for the 2019 Fiscal Year

U.S. Global Investors, Inc. - Class A (GROW) 
US:NASDAQ Investor Relations: usfunds.com/about-us/investor-relations
Company Research Source: GlobeNewswire
San Antonio, TX, Sept. 05, 2019 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, today reported a net loss of $3.4 million, or $0.22 per share loss, for the fiscal year ended June 30, 2019. In comparison, for the previous fiscal year, the Company recorded net income of $647,000 ($0.04 per share), representing a decrease of approximately $4.0 million. The decrease is primarily attributable to unrealized losses on corporate investments along with a decrease in operating revenue, which was partially offset by a tax benefit. Net unrealized losses on corporate investment recognized in fiscal year 2019 were approximately $1.8 million, just over half of the fiscal year’s loss. The Company adopted a new acco Show less Read more
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