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U.S. Global Investors Q3 revenue rises 31% yr/yr, net income turns positive

Overview

Investment adviser reported Q3 revenue up 31% yr/yr and 10% sequentially

Net income turned positive to $2.7 mln, with EPS at $0.23 after prior losses

Revenue growth driven by gold and natural resources strategies

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

GOLD AND NATURAL RESOURCES STRATEGIES - Co said higher gold prices and strong performance in gold and natural resources funds drove growth in average assets under management

DEFENSE AND TECH ETF INFLOWS - Co said its Technology and Aerospace & Defense ETF (WAR) nearly doubled assets under management as investor interest increased

RESILIENT AIRLINE AND SHIPPING DEMAND - Co said airline and shipping ETFs benefited from steady passenger and freight demand despite fuel price and geopolitical concerns

Company press release: ID:nGNXGNd4z

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS$0.23
Q3 Net Income$2.70 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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