Business
Goldmoney Inc. Reports Results for the Quarter Ended June 30 2024
Toronto, Ontario--(Newsfile Corp. - July 31, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Gold...
About this update from Goldmoney Inc.
[{"type":"text","content":"\nGoldmoney Inc. Reports Results for the Quarter Ended June 30 2024Toronto, Ontario--(Newsfile Corp. - July 31, 2024) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) (\"Goldmoney\" or the \"Company\"), today announced financial results for the fiscal 2025 first quarter for the period ended June 30, 2024. All amounts are expressed in Canadian dollars unless otherwise noted. Financial HighlightsGroup Tangible Capital of $133.8 million, an increase of 6.1% QoQGroup Tangible Capital per Share of $10.24, an increase of 6.7% QoQGroup Tangible Capital per Share excluding MENE of $8.67 per share an increase of 8% QoQAdjusted Net Income of $6.6 million, an increase of 57.1% QoQDuring the period ended June 30, 2024, the Company reached the limits under its current NCIB following the repurchase and cancellation of 85,000 shares. In total, the company repurchased and cancelled 865,909 shares since June 30, 2023. Quarterly Performance Metrics Table ($000s, except earnings per share) 2025  2024 2023   Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Key Performance Metrics (Balance Sheet)                 Shares outstanding 13,060 13,137 13,449 13,777 13,926 13,996 14,861 14,916 Shareholder equity 147,984 141,178 173,761 172,602 173,224 172,123 182,707 173,079 Tangible equity inclusive of MENE 133,780 126,100 147,078 143,019 143,475 142,203 143,118 133,319 Tangible equity exclusive of MENE 113,217 105,457 113,059 108,396 108,756 107,599 108,367 98,079 Tangible equity per share ($CAD) 10.24 9.60 10.94 10.38 10.30 10.16 9.63 8.94 Tangible equity per share exclusive of MENE 8.67 8.03 8.41 7.87 7.81 7.69 7.29 6.58 Key Performance Metrics (Operational)                 Net income (loss) 5,132 (32,095) 6,005 2,009 1,995 (4,050) 10,341 3,734 Total comprehensive income (loss) 6,077 (30,640) 7,391 627 1,651 (4,053) 10,321 3,789 Adjstments for revaluations, FX, stock 550 34,518 (1,792) 2,077 1,449 6,291 (7,249) (113) compensation, and non-cash items                 Non-IFRS adjusted net income 6,627 3,878 5,598 2,704 3,100 2,238 3,072 3,675 Key Performance Metrics (Earnings per Share)                 Basic earnings (loss) per share 0.39 (2.42) 0.44 0.15 0.14 (0.27) 0.69 0.25 Diluted earnings (loss) per share 0.38 (2.42)...