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The Marygold Companies Reports Financial Results For Fiscal Year and Fourth Quarter Ended June 30, 2025
SAN CLEMENTE, Calif., September 19, 2025--The Marygold Companies, Inc. (the "Company") (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the fiscal year and fourth quarter ended June 30, 2025.
About this update from The Marygold Companies, Inc.
[{"type":"text","content":"SAN CLEMENTE, Calif., September 19, 2025--(BUSINESS WIRE)--The Marygold Companies, Inc. (the "Company") (NYSE American: MGLD), a diversified global holding firm, today reported financial results for the fiscal year and fourth quarter ended June 30, 2025.","length":264,"tagName":"p"},{"type":"text","content":"Revenue for the 2025 fiscal year amounted to $30.2 million, compared with $32.8 million, for the 2024 fiscal year. The Company sustained a net loss of $5.8 million, equal to a net loss of $.14 per share, versus a net loss of $4.1 million, or a net loss of $0.10 per share, for the prior fiscal year.","length":299,"tagName":"p"},{"type":"text","content":"For the fourth quarter ended June 30, 2025, revenue was $7.2 million, compared with $8.3 million, last year. The Company sustained a reduced net loss of $1.5 million, equal to a net loss of $0.04 per share, for the most recent fourth quarter, compared with a net loss of $1.9 million, equal to a net loss of $0.05 per share, for the prior year period.","length":351,"tagName":"p"},{"type":"text","content":"At the close of fiscal 2025, stockholders’ equity totaled $23.0 million, compared with $26.6 million at June 30, 2024. Total assets at the 2025 fiscal year-end amounted to $30.4 million, compared with $32.9 million, last year. The Company had cash and cash equivalents at the fiscal 2025 year-end of $5.0 million, compared with $5.5 million at the close of the prior fiscal year.","length":379,"tagName":"p"},{"type":"text","content":"The Company’s consolidated net loss for fiscal year ended June 30, 2025 was primarily due to expenses in connection with the funding of Marygold & Co. (U.S.), a wholly owned subsidiary of the Company, for development and marketing of the Marygold mobile fintech app. The Company halted its funding to this business unit as of March 31, 2025, and thus marketing expenses, salaries, and general administrative expenses on a consolidated basis were curtailed significantly for the fourth quarter ended June 30, 2025.","length":517,"tagName":"p"},{"type":"text","content":"Results for the full 2025 fiscal year included $2.5 million in revenue and $250,000 in operating income from Brigadier Security Systems, a Canadian-based formerly wholly owned subsidiary, that was sold for $2.3 million just after the close of the fiscal year. Proceeds from the sa...