
Company Overview - The Marygold Companies, Inc is a global holding company focused on building shareholder value through acquisitions, development, and operation of diverse, wholly-owned subsidiaries[2] - In fiscal year 2022, the company reported revenue of $38 million and pre-tax income of $2.4 million[4] - The company has 40.4 million shares outstanding[5] and employs 114 people globally[6] Strategic Growth - The company's strategic approach involves acquiring diverse businesses to mitigate dependence on a single segment[8] - The company focuses on acquiring established, profitable companies with experienced management teams and sustainable business models[9] - The company is finalizing the development of the Marygold Mobile Banking App through its Marygold & Co subsidiary[3, 11] Marygold Mobile Banking App - The Marygold Mobile Banking App is in the final beta-testing phase, with launch planning underway[11] - The app offers features such as in-house development for control and customer service, embedded AI and voice recognition, and bank-agnostic payment processing[12] - The app provides FDIC-insured accounts and enables users to send, receive, spend, and save money, even to recipients without the app[13] Subsidiary Performance - USCF (United States Commodity Funds LLC) contributed approximately 63% of the total MGLD 2022 revenues, with revenues of $24 million and ~$4.9 billion in assets under management as of June 30, 2022[65] - Gourmet Foods in New Zealand contributed approximately 21% of total MGLD 2022 revenues, with net revenues of $7.9 million and a gross margin of 25%[68] - Brigadier Security Systems in Canada contributed approximately 7% of total MGLD 2022 revenues, with net revenues of $2.5 million and a gross margin of 54%[69] - Original Sprout contributed approximately 9% of total MGLD 2022 revenues, with net revenues of $3.5 million and a gross margin of 41%[70]