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Goldmoney Inc. Reports Financial Results for Third Quarter of Fiscal 2024 for the Period Ending in December 31, 2023
Toronto, Ontario--(Newsfile Corp. - February 6, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("G...
About this update from Goldmoney Inc.
[{"type":"text","content":"Goldmoney Inc. Reports Financial Results for Third Quarter of Fiscal 2024 for the Period Ending in December 31, 2023Toronto, Ontario--(Newsfile Corp. - February 6, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), today announced financial results for the financial quarter ended December 31, 2023. All amounts are expressed in Canadian dollars unless otherwise noted.Financial HighlightsGroup Tangible Equity of $147.1 million, an increase of $4.0 million, or 3% Year over Year (\"YoY\").Group Tangible Equity per Share increased to $10.94 from $9.63, an increase of $1.31 per share, or 14% YoY.Gold-Adjusted Tangible Equity per Goldmoney Inc. share of 0.125 grams, an increase of 14% YoY.Repurchased a total of 122,800 common shares at an average purchase price of $7.97 during the quarter. Additionally, 212,600 shares and 280,000 warrants were cancelled in relation to the divestiture of Schiff Gold LLC. In total, the company's share count was reduced by over 2% during the quarter. Quarterly Operating Income of $7.4 million, an increase of 53% YoY.Net Income of $6.0 million, a decrease of 42% YoY vs. Q3 2023 which included an $8.2 million revaluation gain from precious metals.Adjusted Net Income of $6.0 million, an increase of 73% YoY.Basic Earnings per Share of $0.44.Goldmoney.com Group Client Assets of $2.1 billion as at December 31, 2023.The Company sold its wholly owned subsidiary Schiff Gold in December 2023.IFRS Consolidated Income Statement Data (1)($000s, except per share amounts)FY 2024FY 2023FY 2022Q3Q2Q1Q4Q3Q2Q1Q4Tangible equity147,078143,019143,475142,203143,118133,319129,533134,850Shares outstanding13,44913,77713,92613,99614,86114,91614,98215,132Tangible equity per share10.9410.3810.3010.169.638.948.658.91Precious metal revenue15,4679,96514,65221,19517,95921,57424,11748,378Investment property rental income3,0041,0601,028-----Interest income63867679070355336916499Total revenue19,10911,70116,47021,89818,51221,94324,28148,477Precious metal operating expenses11,6667,48310,82316,69413,65116,20218,57942,718Operating income7,4434,2185,6475,2044,8625,7415,7015,759Corporate expenses1,7681,6112,38211,1301,4901,8712,67315,244Other (income) expenses(209)6711,270(2,350)(6,970)317,708(2,982)Net income (loss)6,0052,0091,995(3,973)10,3413,734(4,680)(6,611)Non-IFRS Adjusted Net Income6,0402,9373,5543,0703,4834...