The Marygold panies(MGLD) - 2026 Q1 - Quarterly Results

Financial Performance - Revenue for the first fiscal quarter ended September 30, 2025, was $7.0 million, a decrease of 11.4% from $7.9 million in the same period last year[3] - The company reported a net loss of $0.4 million, or $0.01 per share, compared to a net loss of $1.6 million, or $0.04 per share, for the first fiscal quarter last year, indicating improved financial performance despite lower revenues[4] - Operating expenses decreased to $6.6 million from $7.9 million in the previous year, reflecting cost-reduction efforts[20] Balance Sheet and Cash Position - Cash and cash equivalents at the end of the first quarter were $4.9 million, with total assets of $28.4 million and total stockholders' equity of $22.9 million, maintaining a strong balance sheet with no debt[5] - The sale of Brigadier Securities Systems generated a gain of $0.5 million and allowed the company to retire all remaining debt[6] Strategic Focus and Growth - The company anticipates saving approximately $4 million in annualized expenses by pausing the marketing of its fintech app in the U.S.[6] - Non-financial services businesses, including specialty hair and skin care products and food products, performed profitably with a positive growth outlook for the current fiscal year[8] - The company is focusing on growth in financial services, including innovative ETFs in the U.S. and investment advisory services in the U.K.[9] - The company aims to operate profitably and add value for all stakeholders as part of its future strategy[9] Asset Management - USCF Investments, the company's largest subsidiary, managed approximately $2.9 billion in average assets under management (AUM), down from $3.1 billion in the previous year[7]