Business
Goldmoney Inc. Reports Financial Results for First Quarter of Fiscal 2024 for the Period Ending in June 30, 2023
Toronto, Ontario--(Newsfile Corp. - August 11, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Go...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Reports Financial Results for First Quarter of Fiscal 2024 for the Period Ending in June 30, 2023Toronto, Ontario--(Newsfile Corp. - August 11, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), today announced financial results for the financial quarter ended June 30th, 2023. All amounts are expressed in Canadian dollars unless otherwise noted.Financial HighlightsGroup Tangible Capital of $143.5 million, an increase of $1.3 million, or 1% Quarter over Quarter (\"QoQ\") and an increase of $13.9 million, or 10.7% Year over Year (\"YoY\").Group Tangible Capital per Share increased to $10.30 from $10.15, or 1.5% QoQ and an increase of $1.68 per share, or 19.5% YoY.Group Precious Metal Position consisting of Coins, Bullion, and Bullion Denominated Loan of $23.3 million, representing 21% of Tangible Capital Exclusive of the Mene Inc. Shareholding.Gold-Adjusted Tangible Capital per 1 Goldmoney Inc. share of .126 grams an increase of 4% QoQ, or 7.2% YoY.Repurchased a total of 127,760 shares at an average purchase price of $9.45 during the quarter, reducing the share count by 0.9%.Quarterly Operating Income of $6.65 million, an increase of 8%.Net Income of $2.6 million, an increase of 158% YoY.Basic and Diluted Earnings per Share of $0.18, an increase of 163% YoY.Goldmoney.com Group Client Assets of $2.1 billion as at June 30, 2023. Menē Inc. reported results for the quarter ended March 31, 2023, generating $7.2 million in revenue and $1.8 million gross profit.IFRS Consolidated Income Statement Data($000s, except earnings per share)FY 2024FY 2023FY 2022Q1Q4Q3Q2Q1Q4Q3Q2Precious metal revenue94,175115,20960,44265,13777,931123,28268,61570,598Investment property rental income1,028-------Interest income7907035533691649985100Total revenue95,993115,91160,99565,50578,095123,38168,70070,698Precious metal operating expenses89,338109,69055,67759,24671,907117,01565,98267,997Operating income6,6556,2215,3186,2596,1886,3672,7182,701Expenses2,52211,2591,6211,9992,80515,3741,6894,538Other (income) expenses1,270(2,350)(6,970)317,708(2,982)(1,814)1,791Net income (loss)2,553(3,401)10,4754,015(4,394)(6,350)2,620(3,284)Basic earnings (loss) per share0.18(0.24)0.700.27(0.29)(0.42)0.17(0.22) Statement from Roy Sebag, CEO of Goldmoney Inc.Goldmoney Inc. has embarked on a new phase as a listed company, ow...