U.S. Global Investors Inc (GROW) is an investment management firm based in the United States, specializing in providing world-class investment products to individual and institutional investors both domestic and international markets. The company’s most recent financial results revealed encouraging growth with a reported net income of $3.6 million for the third quarter of fiscal year 2023.
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Financial Results and Achievements
U.S. Global Investors Inc (GROW) has experienced many achievements in the third quarter of 2023. Most notably, the company has reported a net income of $3.6 million. This is a positive indication for investors, as it demonstrates the company’s ability to generate profits.
Investment Portfolio
Regarding U.S. Global Investors Inc’s investment portfolio, the company has held investments carried at fair value on a recurring basis of $20.8 million and a cost basis of $27.6 million as of March 31, 2023. Additionally, the company held other investments of approximately $2.8 million and held-to-maturity debt investments of $1.0 million.
A significant portion of the company’s investments carried at fair value on a recurring basis is investments in USGIF, which were $12.4 million and $12.8 million as of March 31, 2023, and June 30, 2022, respectively. Furthermore, investments in HIVE Blockchain Technologies Ltd. (HIVE) contributed to the total, with warrants and convertible debentures valued at $7.9 million at March 31, 2023, and $11.1 million at June 30, 2022.
Risk Management
Some of the main factors affecting investments in the financial industry include credit risk and concentration of investments. U.S. Global Investors Inc has managed to keep these risks under control by maintaining a diverse portfolio of investments. The company’s investments in USGIF and HIVE account for approximately 37.4% of the company’s total assets at March 31, 2023. The potential impact of credit risk on these investments is limited to their respective fair values.
Valuation Techniques
The valuation techniques used by the company for financial instruments ensure that observable inputs are prioritized, and unobservable inputs are minimized. These valuation methods are categorized into three broad levels, which include quoted prices for identical assets, observable inputs, such as quoted prices for similar assets, and unobservable inputs.
Consistent Growth
The investment portfolio of U.S. Global Investors Inc has shown consistent growth in both value and diversity. Furthermore, the company’s focus on maintaining a strong portfolio of investments has contributed to its overall financial success. With a net income of $3.6 million for the third quarter of 2023, the investment management firm is well-positioned to continue its growth in the coming years.
Conclusion
In conclusion, the latest financial results of U.S. Global Investors Inc indicate a positive outlook for the company. The impressive net income of $3.6 million for the third quarter of 2023 is reflective of the company’s successful investment practices and strategies. As an investment management firm specializing in providing world-class investment products, the strong financial performance of U.S. Global Investors Inc serves as a testament to their capabilities in navigating the financial markets and maximizing returns for its investors.
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!