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Goldmoney Inc. Reports Financial Results for Fourth Quarter and Fiscal Year 2023, Announces Proposed Share Consolidation, and Publishes Annual Letter to Shareholders
Toronto, Ontario--(Newsfile Corp. - June 13, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Gold...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Reports Financial Results for Fourth Quarter and Fiscal Year 2023, Announces Proposed Share Consolidation, and Publishes Annual Letter to ShareholdersToronto, Ontario--(Newsfile Corp. - June 13, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), a precious metal financial service and technology company, today announced financial results for the fourth quarter and fiscal year ended March 31, 2023. All amounts are expressed in Canadian dollars unless otherwise noted. Financial HighlightsGroup Tangible Capital of $142.2 million, an increase of $7.4 million, or 5% Year-over-Year (\"YoY\"). Group Tangible Capital per Share increased to $2.03 from $1.78, or 14% YoY. Group Precious Metal Position consisting of Coins, Bullion, and Bullion Denominated Loan of $65.7 million, an increase of 1% YoY.Gold-Adjusted Tangible Capital per 100 Goldmoney Inc. shares of 2.4 grams.Repurchased a total of 5,934,073 shares at an average purchase price of $1.67 in fiscal year 2023, reducing the share count by 7.8%.Operating Income of $34.8 million, an increase of 46% YoY. Net Income of $6.7 million, an increase of 210% YoY. Basic and Diluted Earnings per Share of $0.09, an increase of 213% YoY.Goldmoney.com Group Client Assets of $2.21 billion as at March 31, 2023. Menē Inc. reported strong results in FY 2022, growing revenue to $26.9 million and generating gross profit of $6.6 million.IFRS Consolidated Income Statement Data ($000s, except earnings per share)20232022202120202019Trading revenue302,854350,246654,410458,873281,544Fee revenue15,8648,3678,8754,4132,356Interest income1,7893888611,9261,812Total revenue320,507359,000664,146465,212285,712Cost of sales(290,013)(337,056)(635,009)(449,800)(275,288)Gross margin30,49421,94429,13715,41310,424Operating income34,84023,86828,09920,46112,382Total operating expenses(23,642)(30,399)(21,976)(18,761)(24,091)Net income (loss)6,695(6,062)11,652(9,713)21,680Total comprehensive income (loss)6,747(6,019)11,071(11,353)22,721Basic and diluted earnings (loss) per share0.09(0.08)0.15(0.13)0.28  Annual Shareholder LetterRead the full Goldmoney Inc. Fiscal Year 2023 Shareholder Letter here.Proposed Share ConsolidationThe Company further announces that it intends to complete a consolidation of its common shares (\"Common Shares\") on the basis of five (5) pre-...