WisdomTree(US:WT)2023-07-29 02:36Financial Performance - WisdomTree reported net inflows of $2.3 billion for Q2 2023, driven by fixed income and international equity products, offset by commodity outflows[6] - The company achieved a record quarter-end AUM of $93.7 billion, a 3.3% increase due to net inflows and market appreciation[6] - Adjusted net income for Q2 2023 was $14.919 million, with adjusted EPS of $0.09[9, 35] - Revenues increased by 4.5% from the prior quarter, primarily due to higher average AUM, reaching $85.7 million[9] - Adjusted operating margin expanded to 26.9% in Q2 2023[9] Growth and Strategy - WisdomTree experienced 11 straight quarters of net inflows globally[6] - The YTD annualized organic growth rate was 21.3%, with significant contributions from Fixed Income (66%) and International Equity (40%)[6] - AUM reached $97 billion by July, up approximately 3.5% from June 30th[6] - The company terminated its contractual gold payments obligation, resulting in an estimated $18 million run-rate operating expense reduction[9] Guidance and Outlook - WisdomTree updated its compensation guidance to $104 million - $110 million for the year[12] - Gross margin guidance was updated to 79%, anticipated to be sustainable at current AUM levels[13] - Diluted shares are expected to be 177 million to account for full weighting of shares issued during Q2[13]