U.S. Global Investors Inc (GROW) recently released its latest SEC report, revealing a net income of $3.59 million for the quarter ending March 31, 2023. The asset management company also saw an increase in cash, cash equivalents, and restricted cash, totaling $25.9 million, up from $23.3 million at the beginning of Q3. This article analyzes some of the key financial highlights and company developments revealed in this report.
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Financial Highlights
During the first nine months of the fiscal year, U.S. Global Investors Inc reported a net income of $5.13 million, primarily driven by successful investments in USGIF and HIVE Blockchain Technologies Ltd. (HIVE). The company held investments carried at fair value on a recurring basis of $20.8 million during the same period, with approximately 37.4% of the company’s total assets.
The substantial growth in the company’s net income and cash resources stems from strong investment performance. A major portion of the company’s investments carried at fair value on a recurring basis includes investments in USGIF ($12.4 million as of March 31, 2023) and investments in HIVE ($7.9 million as of March 31, 2023).
In addition to these investments, U.S. Global Investors also held other investments totaling around $2.8 million and held-to-maturity debt investments of $1.0 million. These diverse investment holdings indicate that the company is well-positioned to continue generating sustainable revenues and cash inflows in the long run.
Risk Management Strategy
The report also provides insight into the company’s risk management strategy. In order to minimize potential losses, the company’s asset portfolio focuses on investments with a lower risk profile, such as well-established companies. To further mitigate risk, U.S. Global Investors has adopted a comprehensive fair value hierarchy model, which helps to accurately appraise its investment assets based on their market risk and credit risk.
Future Outlook
Looking forward, U.S. Global Investors is poised for continued growth and success, as the company’s diverse investment portfolio and emphasis on risk management will likely lead to consistent revenue generation and increased shareholder value. Furthermore, the increase in cash resources will enable the company to explore new investment opportunities and capitalize on industry trends, ensuring sustained long-term growth.
Conclusion
In conclusion, the latest SEC report for U.S. Global Investors Inc showcases the company’s strong financial performance, particularly in terms of net income and cash resources. Given its strategic investment approach and risk management policies, the company is well-prepared to face any challenges that may arise in the future and continue to grow.
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!