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Goldmoney Inc. Reports Financial Results for Second Quarter 2023
Toronto, Ontario--(Newsfile Corp. - November 11, 2022) - Goldmoney Inc. (TSX: XAU) (US: XAUMF)...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Reports Financial Results for Second Quarter 2023Toronto, Ontario--(Newsfile Corp. - November 11, 2022) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), a precious metal financial service and technology company, today announced financial results for the second quarter ended September 30, 2022. All amounts are expressed in Canadian dollars unless otherwise noted. Financial HighlightsGroup Tangible Capital of $133.3 million, an increase of $8.3 million, or 7% Year-over-Year (\"YoY\") and $3.8 million, or 3% Quarter-over-Quarter (\"QoQ\").Group Tangible Capital Per Share of $1.79, an increase of $0.06, or 3% QoQ. Group Precious Metal position consisting of Coins, Bullion, and Bullion Denominated Loan of $68.7 million, an increase of $15 million, or 28% YoY. Gold-Adjusted Tangible Capital per 100 Goldmoney Inc. shares of 2.49 grams, an increase of 6% from the previous quarter. Repurchased a total of 1,147,414 shares at an average purchase price of $1.64 during the year, reducing the share count by 1.5%.Total Comprehensive Income of $4.1 million, an increase of 240% YoY. Basic and Diluted Earnings per Share of $0.05. Goldmoney.com Group Client Assets of $1.9 billion as at September 30, 2022. Menē Inc. reported strong results for the quarter ended June 30, 2022 generating $5.9 million in revenue, $1.5 million in gross profit, and $1.9 million in operating cash flow.IFRS Consolidated IncomeStatement Data         ($000s, except earnings per share)FY 2023FY 2022FY 2021Q2Q1Q4Q3Q2Q1Q4Q3Trading revenue60,64573,460119,45667,07169,01394,706139,70997,592Fee revenue4,4924,4713,8261,5441,5851,4121,8442,905Interest income3691649985100103211195Total revenue65,50578,095123,38168,70070,69896,221141,764100,692Gross margin7,4857,6097,8154,1074,5305,4924,5086,501Operating income6,7282,10310,2775,7631,6616,1672,1464,917Net income (loss)4,015(4,394)(6,350)2,620(3,284)951(5,947)4,041Basic earnings (loss) per share0.05(0.06)(0.08)0.03(0.04)0.01(0.08)0.05 Refer to \"Use of Non-IFRS Financial Measures\" and \"Reconciliation of Non-IFRS Financial Measures\" in the MD&AStatement from Roy Sebag, Chairman and Chief Executive Officer: Against the background of a rapidly deteriorating macroeconomic environment, Goldmoney delivered one of its most profitable quart...