Welcome to our dedicated page for FRMO news (Ticker: FRMO), a resource for investors and traders seeking the latest updates and insights on FRMO stock.
FRMO Corp. reports developments tied to its role as an intellectual capital firm providing consulting and advisory services in the asset management sector and engaging in digital asset mining. Recurring updates cover fiscal results, consulting and advisory fee revenue, book value, securities and digital asset valuation disclosures, and balance-sheet items such as cash, equity securities, deferred taxes, and securities sold but not yet purchased.
Company news also includes governance and reporting matters, including annual meeting information, auditor changes, financial-statement restatements, non-reliance determinations, OTC reporting compliance, and leadership succession following changes in executive management.
FRMO Corp. (OTC Pink: FRMO) is set to hold a follow-up conference call on January 28, 2021, at 4:15 PM ET. The call will address remaining questions from the January 21, 2021, earnings call regarding the second quarter ending November 30, 2020. Only pre-submitted questions to info@frmocorp.com will be considered. FRMO specializes in investment and revenue generation through consulting and advisory fees in asset management. As of November 30, 2020, FRMO had 44,012,781 shares outstanding.
FRMO Corp. (OTC Pink: FRMO) reported its financial results for the second quarter of 2021, ending November 30, 2020. The company's book value increased to $180.1 million ($4.09 per share) from $161.9 million ($3.68 per share) year-over-year. Net income for the quarter was $11.7 million ($0.27 per share), a significant turnaround from a loss of $481,719 in Q2 2019. Current assets rose to $111.9 million, while total liabilities increased to $15.0 million. The company also holds a 21.15% interest in Horizon Kinetics Hard Assets LLC.