Financial Data and Key Metrics Changes - Total operating revenues for the quarter were $887,000, an increase of $94,000 or 12% from $793,000 in the same quarter last year, primarily due to decreases in performance fees and higher assets under management [29][30] - Operating expenses decreased by $251,000 or 15% to $1.4 million, mainly due to a reduction in employee compensation and general administrative expenses [29][30] - The net loss attributable to U.S. Global Investors after taxes for the quarter was $1 million, equating to a loss of $0.06 per share [30][31] Business Line Data and Key Metrics Changes - The company has maintained a strong balance sheet with a high level of cash and unrestricted marketable securities, which combined make up 60% of total assets [31] - The company has no long-term debt, with only lease obligations as long-term liabilities, and a net working capital of $10.2 million [31] Market Data and Key Metrics Changes - The mutual fund industry continues to see more exits than entries, with an unprecedented number of funds being merged or liquidated, surpassing the opening of new mutual funds [10] - The trading volume for the company's ETF, GOAU, has increased significantly, with a 700% rise in daily trading volume [13] Company Strategy and Development Direction - The company aims to be a go-to stock for exposure to emerging markets, resource gold, and digital currencies, emphasizing its debt-free status and strong balance sheet [4][5] - The company is focusing on innovative strategies to streamline costs in the mutual fund world and enhance its product offerings, particularly in gold and emerging markets [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the airline industry recovering from the impact of the Coronavirus, suggesting that it is undervalued and will rebound as solutions to the pandemic are found [37] - The company sees potential catalysts for growth in 2020, particularly through its gold funds and the performance of HIVE Blockchain, which is expected to positively impact GROW's valuation [48] Other Important Information - The company has been recognized for its excellence in investor education, receiving numerous awards, and continues to grow its subscriber base for investment newsletters [35] - The company is actively engaging in media outreach to enhance its brand visibility and attract potential investors [32][33] Q&A Session Summary Question: How is the Coronavirus impacting investments in some of your global funds or your airline ETF? - Management indicated that the Coronavirus has a more negative impact than SARS, particularly on Asian airlines, but remains optimistic about the U.S. economy and airline industry recovery [37] Question: How will the Galileo transaction affect the USGI financials? - Post-transaction, USGI will no longer consolidate Galileo's assets and liabilities, and will not include its income or loss in the income statement [38] Question: How do you see the recent resurgence in HIVE impacting GROW this year? - The resurgence in HIVE is expected to significantly increase GROW's valuation, with shares rising from $1 million to $4.7 million [44][46] Question: What global catalysts do you see potentially moving GROW in 2020? - Management highlighted the potential for growth through gold funds and the crypto space, particularly with HIVE Blockchain's developments and the increasing interest in alternative asset classes [48]

GROW SECOND QUARTER 2020 RESULTS WEBCAST Frank Holmes, CEO and Chief Investment Officer Lisa Callicotte, Chief Financial Officer Holly Schoenfeldt, Marketing and Public Relations Manager usfunds.com 1.800.US.FUNDS February 2020 • 20-014 usfunds.com TODAY'S PRESENTERS Frank Holmes Lisa Callicotte Holly Schoenfeldt usfunds.com February 2020 | 20-014 2 usfunds.com | --- | --- | |----------------------------|-------| | FORWARD-LOOKING STATEMENTS | | | | | usfunds.com February 2020 | 20-014 3 usfunds.com ABOUT U ...

U.S. Global Investors, Inc. (NASDAQ:GROW) Q1 2020 Results Conference Call November 8, 2019 8:30 AM ET Company Participants Holly Schoenfeldt - Marketing and Public Relations Manager Frank Holmes - Chief Executive Officer and Chief Investment Officer Lisa Callicotte - Chief Financial Officer Joseph Guyer - Senior Financial Writer Holly Schoenfeldt Good morning, and thank you for joining us today for our webcast announcing U.S. Global Investors Results for First Quarter Year 2019. I'm Holly Schoenfeldt. If yo ...

Financial Data and Key Metrics Changes - Total operating revenues for fiscal year 2019 were $4.9 million, a decrease of $1.3 million or 22% from $6.3 million in 2018, primarily due to decreases in assets under management related to market depreciation and shareholder redemption [73] - Operating expenses for the year were $7.9 million, a decrease of $668,000 or 8%, mainly due to a decrease in employee compensation and benefits [75] - Net loss attributable to U.S. Global Investors after taxes for the year was $3.4 million or a loss of $0.22 per share, a decrease of $4 million compared to a net income of $647,000 or $0.04 per share in fiscal year 2018 [77] Business Line Data and Key Metrics Changes - The company experienced a significant operating loss of $3 million for fiscal year 2019, attributed to various factors including decreased performance fees and increased operating costs [75] - Investment income decreased by $3.1 million compared to fiscal year 2018, primarily due to net unrealized losses on investments [76] Market Data and Key Metrics Changes - The company noted a trend of outflows from domestic equity funds, with many investors shifting to lower-cost ETF options, impacting overall fund flows in the mutual fund industry [13][19] - The number of mutual fund sponsors is diminishing, indicating a challenging environment for traditional mutual funds [19] Company Strategy and Development Direction - The company aims to launch new ETFs to adapt to the changing mutual fund landscape and has approved a stock repurchase program of up to $2.75 million [8] - A strategic investment was made in GoldSpot, focusing on artificial intelligence to enhance exploration in the gold mining sector, indicating a pivot towards technology-driven solutions [48] Management's Comments on Operating Environment and Future Outlook - Management highlighted the volatility in stock prices driven by fund flows and the direction of gold prices, emphasizing the need for strategic adjustments in response to market conditions [5] - The management expressed optimism about the performance of their gold equity ETF, GOAU, which has seen significant fund flows due to its strong performance [12][27] Other Important Information - The company has maintained a strong balance sheet with no long-term debt and approximately $17.3 million in cash and unrestricted securities, representing 73% of total assets [78] - The company has consistently paid dividends for 10 years, indicating a commitment to returning value to shareholders despite recent challenges [7] Q&A Session Summary Question: What are the main challenges faced by the company in the current market? - Management noted that the mutual fund industry is facing significant challenges due to increased competition from lower-cost ETFs and regulatory changes impacting fund flows [13][19] Question: How is the company addressing the volatility in its earnings? - The company is adapting to new accounting standards that have increased earnings volatility and is focusing on cost management and strategic investments to stabilize its financial performance [70][72] Question: What is the outlook for the gold market and its impact on the company's performance? - Management expressed a bullish outlook for the gold market, driven by increased demand from central banks and consumers, which is expected to positively impact the company's gold-related products [28][33]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended June 30, 2019 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _____ to _____ Commission File Number 0-13928 U.S. GLOBAL INVESTORS, INC. Incorporated in the State of Texas IRS Employer Identification No. 74-1598370 Principal Executive Office ...

U.S. Global Investors, Inc. (NASDAQ:GROW) Q3 2019 Earnings Conference Call May 10, 2019 8:30 AM ET Company Participants Holly Schoenfeldt - Marketing & Public Relations Manager Frank Holmes - CEO & CIO Lisa Callicotte - CFO Conference Call Participants Operator Good morning and thank you for joining us today for our webcast announcing us U.S. Global Investors results for the Third Quarter of Fiscal Year 2019. I'm Holly Schoenfeldt. If you have any questions during the webcast, you can enter them into the qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2019 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ____________ to ____________. Commission File Number 0-13928 U.S. GLOBAL INVESTORS, INC. (Exact name of registrant as specified in its charter) 78229 (Zip Code) (Address ...

U.S. Global Investors, Inc. (NASDAQ:GROW) Q2 2019 Earnings Conference Call February 14, 2019 8:30 AM ET Company Participants Frank Holmes – Chief Executive Officer and Chief Investment Officer Lisa Callicotte – Chief Financial Officer Holly Schoenfeldt – Marketing and Public Relations Manager Conference Call Participants Holly Schoenfeldt Good morning, and thank you, for joining us today for our webcast announcing U.S. Global Investors’ results for the Second Quarter of Fiscal Year 2019. I’m Holly Schoenfel ...