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Goldmoney Inc. Reports Financial Results for Second Quarter of Fiscal 2024 for the Period Ending in September 30, 2023
Toronto, Ontario--(Newsfile Corp. - November 7, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("G...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Reports Financial Results for Second Quarter of Fiscal 2024 for the Period Ending in September 30, 2023Toronto, Ontario--(Newsfile Corp. - November 7, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), today announced financial results for the financial quarter ended September 30, 2023. All amounts are expressed in Canadian dollars unless otherwise noted.Financial HighlightsGroup Tangible Capital of $143 million, an increase of $9.7 million, or 7% Year over Year (\"YoY\").Group Tangible Capital per Share increased to $10.38 from $8.94, an increase of $1.44 per share, or 16% YoY.Group Precious Metal Position consisting of Coins, Bullion, and Bullion Denominated Loan of $23 million, representing 21.25% of Tangible Capital Exclusive of the Mene Inc. Shareholding.Gold-Adjusted Tangible Capital per 1 Goldmoney Inc. share of 0.129 grams an increase of 16% YoY.Repurchased a total of 155,500 shares at an average purchase price of $8.95 during the quarter, reducing the share count by 1.1%.Quarterly Operating Income of $4.2 million, a decrease of 27% YoY.Net Income of $2.0 million, a decrease of 46% YoY.Basic Earnings per Share of $0.15.Goldmoney.com Group Client Assets of $2 billion as at September 30, 2023.Menē Inc. reported results for the quarter ended June 30, 2023, generating $5 million in revenue and $1.5 million gross profit.The Company announced in September 2023 that it plans to sell its wholly-owned subsidiary Schiff Gold. IFRS Consolidated Income Statement Data (1)($000s, except earnings per share)FY 2024FY 2023FY 2022Q2Q1Q4Q3Q2Q1Q4Q3Precious metal revenue9,96514,65221,19517,95921,57424,11748,37821,814Investment property rental income1,0601,028------Interest income6767907035533691649985Total revenue11,70216,47021,89818,51221,94324,28048,47721,899Precious metal operating expenses7,48310,82316,69413,65116,20218,57942,71819,574Operating income4,2185,6475,2044,8625,7415,7015,7592,324Expenses1,6112,38211,1301,4901,8712,67315,2441,565Other (income) expenses6711,270(2,350)(6,970)317,708(2,982)(1,814)Net income (loss)2,0091,995(3,973)10,3413,734(4,680)(6,611)2,574Non-IFRS Adjusted Gain2,8413,6462,8192,9934,3584,1314,6221,622Basic earnings (loss) per share0.150.14(0.27)0.690.25(0.31)(0.44)0.17  (1) The above table excludes SchiffGold's operating activity to allow users to evalua...