U.S. Global Investors, Inc. reported operating revenues of $2.2 million for the quarter ended December 31, 2024. The company recorded a net loss of $86,000, or $0.01 per share, for the second quarter of fiscal year 2025. These results reflect market fluctuations and lower assets under management.
Total assets under management (AUM) were approximately $1.5 billion at December 31, 2024, a decrease from $2.1 billion at December 31, 2023. Despite the AUM decline and net loss, the company maintained a shareholder yield of 10% as of December 31, 2024. The Board of Directors approved the continuation of a $0.0075 per share per month dividend through March 2025.
In calendar year 2024, U.S. Global Investors repurchased 807,761 of its own shares at a net cost of $2.1 million, representing a 19% increase over the previous year's repurchases. The company reported strong liquidity with net working capital of approximately $38.0 million and $26.0 million in cash and cash equivalents as of December 31, 2024. This robust financial position provides flexibility despite the quarterly loss.
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