As the financial market continues to fluctuate, U S Global Investors Inc (GROW) has recorded a $1.8 million net loss for the nine months ending March 31, 2023. The company’s lack of net gains or losses during the three months ended March 31, 2023, highlights the measurement alternative’s performance in their investments. With infrequent observable price changes and restrictions on its Level 3 securities, the company is facing a challenging environment.
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Investments with Limited Observable Price Changes
Over the period between March 2023 and September 2022, investments within GROW’s portfolio classified as Level 3 have seen limited observable price changes. The infrequency of these changes, alongside restrictions imposed on these shares, has contributed negatively to the company’s performance. Investors should be cautious when considering investments with Level 3 classification due to the more volatile nature of these assets.
Stability in Level 2 Investments and Asset Allocation
GROW’s Level 2 held-to-maturity debt investments are carried at amortized cost, indicating that the fair value of these assets has remained stable. This level of investment demonstrates a more secure investment within the spectrum of risk involved in the financial market. The company has also maintained a total of 28,000,000 common class A shares and 4,500,000 common class B shares over the period, indicating that the overall allocation of assets has not changed.
Future Outlook and Investor Precautions
Despite the $1.8 million net loss for the nine months ended March 31, 2023, GROW has managed to report stable investments within its portfolio. However, the financial market is continuously evolving, and there is potential for these circumstances to change. It is crucial for investors to keep a close eye on market trends and take the necessary precautions to make informed decisions.
Conclusion
In conclusion, U S Global Investors Inc has faced challenges during the nine months ending March 31, 2023, as demonstrated by the $1.8 million net loss experienced over this period. Nonetheless, the stability in their Level 2 investments and a consistent allocation of assets within the company hint at the potential for a brighter future. It remains crucial for investors to be cautious and to continue monitoring market trends to make informed decisions in the ever-changing financial landscape.
Income Statement
Financials in millions USD. Fiscal year is July – June. source
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 – 1995 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | Revenue | 24.71 | 21.65 | 4.48 | 3.46 | 6.26 | 6.76 | 5.51 | 7.33 | 8.53 | 17.32 | Upgrade |
| 1 | Revenue Growth (YoY) | 14.13% | 383.78% | 29.40% | -44.75% | -7.42% | 22.85% | -24.93% | -14.07% | -50.72% | -22.60% | Upgrade |
| 2 | Gross Profit | 24.71 | 21.65 | 4.48 | 3.46 | 6.26 | 6.76 | 5.51 | 7.33 | 8.53 | 17.32 | Upgrade |
| 3 | Selling, General & Admin | 13.38 | 13.29 | 6.68 | 6 | 8.31 | 7.38 | 9.37 | 10.51 | 11.34 | 14.58 | Upgrade |
| 4 | Other Operating Expenses | 0.23 | 0.2 | 0.2 | 0.21 | 0.24 | 0.25 | 0.32 | 0.33 | 0.47 | 2.93 | Upgrade |
| 5 | Operating Expenses | 13.6 | 13.49 | 6.88 | 6.22 | 8.55 | 7.64 | 9.68 | 10.84 | 11.81 | 17.51 | Upgrade |
| 6 | Operating Income | 11.11 | 8.17 | -2.4 | -2.76 | -2.29 | -0.87 | -4.18 | -3.51 | -3.28 | -0.19 | Upgrade |
| 7 | Other Expense / Income | 6.15 | -29.27 | 2.46 | 1.61 | -3.13 | -0.38 | -0.5 | -0.3 | -1.83 | -0.1 | Upgrade |
| 8 | Pretax Income | 4.97 | 37.44 | -4.86 | -4.37 | 0.84 | -0.5 | -3.68 | -3.21 | -1.45 | -0.09 | Upgrade |
| 9 | Income Tax | 1.15 | 5.48 | -0.18 | -0.98 | 0.2 | 0.02 | -0.01 | 0.82 | -0.48 | 0.1 | Upgrade |
| 10 | Net Income | 3.82 | 31.96 | -4.68 | -3.39 | 0.65 | -0.51 | -3.68 | -4.03 | -0.97 | -0.19 | Upgrade |
| 11 | Net Income Growth | -88.05% | – | – | – | – | – | – | – | – | – | Upgrade |
| 12 | Shares Outstanding (Basic) | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | Upgrade |
| 13 | Shares Outstanding (Diluted) | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | Upgrade |
| 14 | Shares Change | -0.38% | -0.27% | -0.20% | -0.13% | -0.35% | -0.54% | -0.68% | -0.38% | -0.15% | 0.27% | Upgrade |
| 15 | EPS (Basic) | 0.25 | 2.12 | -0.31 | -0.22 | 0.04 | -0.03 | -0.24 | -0.26 | -0.06 | -0.01 | Upgrade |
| 16 | EPS (Diluted) | 0.25 | 2.12 | -0.31 | -0.22 | 0.04 | -0.03 | -0.24 | -0.26 | -0.06 | -0.01 | Upgrade |
| 17 | EPS Growth | -88.21% | – | – | – | – | – | – | – | – | – | Upgrade |
| 18 | Free Cash Flow Per Share | 0.69 | 0.31 | -0.13 | -0.07 | -0.00 | 0.04 | 0.20 | -0.05 | -0.98 | 0.03 | Upgrade |
| 19 | Dividend Per Share | 0.083 | 0.043 | 0.030 | 0.029 | 0.030 | 0.030 | 0.037 | 0.060 | 0.060 | 0.170 | Upgrade |
| 20 | Dividend Growth | 93.02% | 43.33% | 3.45% | -3.33% | 0% | -18.92% | -38.33% | 0% | -64.71% | -29.17% | Upgrade |
| 21 | Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | Upgrade |
| 22 | Operating Margin | 44.97% | 37.71% | -53.69% | -79.71% | -36.54% | -12.91% | -75.86% | -47.82% | -38.40% | -1.10% | Upgrade |
| 23 | Profit Margin | 15.45% | 147.60% | -104.65% | -97.95% | 10.33% | -7.59% | -66.76% | -54.96% | -11.37% | -1.12% | Upgrade |
| 24 | Free Cash Flow Margin | 41.74% | 21.67% | -43.61% | -31.08% | -0.54% | 10.20% | 54.86% | -9.71% | -178.33% | 2.44% | Upgrade |
| 25 | Effective Tax Rate | 23.13% | 14.63% | – | – | 23.34% | – | – | – | – | – | Upgrade |
| 26 | EBITDA | 4.55 | 37.81 | -4.66 | -4.15 | 1.09 | -0.24 | -3.37 | -2.88 | -1.19 | 0.18 | Upgrade |
| 27 | EBITDA Margin | 18.41% | 174.62% | -104.04% | -120.01% | 17.33% | -3.59% | -61.13% | -39.29% | -13.90% | 1.05% | Upgrade |
| 28 | Depreciation & Amortization | -0.42 | 0.37 | 0.2 | 0.21 | 0.24 | 0.25 | 0.32 | 0.33 | 0.26 | 0.28 | Upgrade |
| 29 | EBIT | 4.97 | 37.44 | -4.86 | -4.37 | 0.84 | -0.5 | -3.68 | -3.21 | -1.45 | -0.09 | Upgrade |
| 30 | EBIT Margin | 20.10% | 172.89% | -108.56% | -126.19% | 13.48% | -7.33% | -66.87% | -43.75% | -16.93% | -0.54% | Upgrade |
Note that we may hold securities mentioned in this article. All data is based on recent SEC filings. Even though we have implemented various manual and automatic fact-checking and data acquisition processes, some incorrect information may have slipped through (false positive). Let us know if you find any inconsistencies!