The Marygold Companies Inc Stock Price, News & Analysis

The Marygold Companies (NYSE American: MGLD) announced its mobile fintech app's recognition among Forbes Advisor's top five 'Best Free Budgeting Apps'. The app, recently launched in the U.K. through Marygold & Co. subsidiary, offers digital financial management tools for saving, budgeting, and spending.

The platform features digital 'piggy banks', savings 'nudges', automatic notifications, and Easy Access Savings Accounts with FSCS protection. Key partnerships include Griffin Bank for savings accounts and Moneyhub Financial Technology for Open Banking services.

The app is available for both personal and business accounts through Apple App Store and Google Play Store, with marketing initiatives planned to commence this quarter in the U.K.

The Marygold Companies (NYSE American: MGLD) has launched its mobile banking fintech app in the U.K. through its subsidiary Marygold & Co. (UK). The app, now available on Apple App Store and Google Play Store, was officially introduced at Westfield London in White City.

The app features include digital 'piggy banks', savings 'nudges', automatic notifications, and Easy Access Savings Accounts with attractive interest rates protected under the U.K.'s Financial Services Compensation Scheme (FSCS). Key partnerships include Griffin Bank for savings accounts and Moneyhub Financial Technology for Open Banking services.

Marketing efforts will commence in the next 60-90 days, targeting both individuals and businesses. The platform, adapted from Marygold & Co.'s U.S. technology, is designed to address the unique financial needs of U.K. customers, as research indicates most U.K. citizens feel traditional banks don't adequately meet their financial goals.

The Marygold Companies (NYSE American: MGLD) announced that its subsidiary, Original Sprout, will showcase its Tahitian Collection at the Natural Products Expo West 2025 trade show in Anaheim, California. The event, scheduled for March 5-7, is expected to attract over 65,000 attendees from the natural, organic, and healthy lifestyle industry.

Original Sprout, known for its 100% vegan, non-toxic hair and body products, has expanded its product line to include more than 25 SKUs. The company's Tahitian Collection represents an evolution from its initial baby-focused products to a full range of family hair and skin care products, now packaged in recycled and recyclable containers.

The Marygold Companies (NYSE American: MGLD) reported financial results for Q2 FY2025. Revenue decreased to $8.0 million from $8.5 million in the prior year, with a net loss of $1.7 million ($0.04 per share) compared to a loss of $1.2 million ($0.03 per share) in Q2 FY2024.

Six-month revenue totaled $15.9 million, down from $16.7 million, with a net loss of $3.3 million. The decline was primarily due to reduced assets under management at USCF Investments to $3.1 billion from $3.5 billion. Cash and equivalents stood at $5.7 million, while stockholders' equity decreased to $23.4 million.

The company secured a $4 million note and completed a $2.3 million equity raise. Management expects to reduce expenses in Marygold & Co. after completing the proof-of-concept phase, with plans to roll out their fintech app in the UK while strategizing US market entry.

USCF Investments, a subsidiary of The Marygold Companies (NYSE-American: MGLD), announced significant growth in its ETF Trust platform, surpassing $500 million in assets under management. The company's USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has been nominated for 'Commodity ETF of the Year' by ETF.com.

Launched in 2018, SDCI was designed to provide investors with dynamic, broad commodity exposure without requiring a K-1 tax form. The fund represents part of USCF's broader portfolio, which includes fifteen ETFs across commodity and alternative asset classes. The company, which pioneered the first oil ETF in 2006, now manages over $3 billion in total assets from its Walnut Creek, California headquarters.

The Marygold Companies (NYSE American: MGLD) has successfully closed its previously announced underwritten public offering. The company issued 2,050,000 shares of common stock at a public offering price of $1.10 per share, generating gross proceeds of approximately $2,255,000 before deducting underwriting discounts, commissions, and other offering expenses.

Maxim Group served as the sole book-running manager for the offering, which was conducted pursuant to an effective shelf registration statement on Form S-3. The offering was made available through a prospectus and prospectus supplement, with documentation accessible on the SEC's website.

The Marygold Companies (NYSE American: MGLD) has announced the pricing of an underwritten public offering of 2,050,000 shares of common stock at $1.10 per share. The offering is expected to generate gross proceeds of approximately $2,255,000 before deducting underwriting costs and other expenses.

The company has granted underwriters a 45-day option to purchase up to 307,500 additional shares at the public offering price. Maxim Group is serving as the sole book-running manager. The offering is expected to close around January 28, 2025.

The net proceeds will be used to retire or reduce debt, make capital contributions to Marygold & Co. subsidiaries in the U.S. and U.K., and for general working capital purposes.

The Marygold Companies (NYSE American: MGLD) has announced an underwritten public offering of its common stock. The company plans to grant the underwriter, Maxim Group , a 45-day option to purchase up to an additional 15% of the offered shares at the public offering price, less underwriting discounts and commissions.

The net proceeds will be used to:

• Retire or reduce debt
• Make capital contributions to Marygold & Co. subsidiaries in the U.S. and U.K.
• Fund general working capital and corporate purposes

The offering is being made through an effective shelf registration statement on Form S-3 filed with the SEC on December 18, 2024, and declared effective on December 27, 2024. The completion, size, and terms of the offering are subject to market conditions.

Marygold Companies (NYSE American: MGLD) has launched a new Cash Management Account feature in its mobile fintech banking app, offering up to 6% return through June 30, 2025, or until reaching $100 million in assets under management. The app, released in late 2023, combines various financial services including:

• Money Pools for tracking financial goals with pre-set investment portfolios
• Customizable spending limits
• Money management tools for savings tracking and money transfers

Developed in-house over four years, the app is currently available to U.S. consumers on iPhone and Android, with plans to launch a UK version soon.