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Goldmoney Inc. Reports Financial Results for Third Quarter 2023
Toronto, Ontario--(Newsfile Corp. - February 7, 2023) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("G...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Reports Financial Results for Third Quarter 2023Toronto, Ontario--(Newsfile Corp. - February 7, 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 third quarter ended December 31, 2022. All amounts are expressed in Canadian dollars unless otherwise noted. Financial HighlightsGroup Tangible Capital of $143.1 million, an increase of $15.7 million, or 12% Year-over-Year (\"YoY\") and $9.8 million, or 7% Quarter-over-Quarter (\"QoQ\").Tangible Capital per Share of $1.93, an increase of 15% YoY. Group Precious Metal Position consisting of Coins, Bullion, and Bullion Denominated Loan of $71.3 million, an increase of $13.3 million, or 23% YoY. Gold-Adjusted Tangible Capital per 100 Goldmoney Inc. shares of 2.47 grams, an increase of 9% YoY. Repurchased a total of 417,200 shares at an average purchase price of $1.75 during the quarter, reducing the share count by 0.6%.Record Operating Income of $15.1 million, an increase of 161% YoY and 124% QoQ. Net Income of $10.5 million, an increase of 300% YoY and 161% QoQ. Basic and Diluted Earnings per Share of $0.14, an increase of 300% YoY and 161% QoQ. Goldmoney.com Group Client Assets of $2.2 billion, an increase of 12% QoQ. Menē Inc. reported strong results for the quarter ended September 30, 2022, generating $5 million in Revenue, $1.1 million in Gross Profit, and Total Comprehensive Income of $1 million.IFRS Consolidated IncomeStatement Data      ($000s, except earnings per share)FY 2023FY 2022FY 2021Q3Q2Q1Q4Q3Q2Q1Q4Trading Revenue56,53160,64573,460119,45667,07169,01394,706139,709Fee revenue3,9114,4924,4713,8261,5441,5851,4121,844Interest income5533691649985100103211Total revenue60,99565,50578,095123,38168,70070,69896,221141,764Gross margin6,8217,4857,6097,8154,1074,5305,4924,508Operating income15,0586,7282,10310,2775,7631,6616,1672,146Net income (loss)10,4754,015(4,394)(6,350)2,620(3,284)951(5,947)Basic earnings (loss) per share0.140.05(0.06)(0.08)0.03(0.04)0.01(0.08) 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: We continue to deliver consistent returns on capital to ou...