Welcome to our dedicated page for The Marygold Companies news (Ticker: MGLD), a resource for investors and traders seeking the latest updates and insights on The Marygold Companies stock.
The Marygold Companies, Inc. (NYSE American: MGLD) is a diversified global holding company with a stated focus on financial services, supported by operating subsidiaries in ETF and exchange-traded product management, fintech, investment advisory, food manufacturing, printing, and beauty products. News about MGLD often centers on developments at these subsidiaries and on the company’s efforts to refine its portfolio toward financial services.
Investors following Marygold-related news can expect updates on USCF Investments, the group’s ETF and ETP platform, including new product launches such as the USCF Oil Plus Bitcoin Strategy Fund and other exchange-traded offerings. Company releases also cover financial results, assets under management trends at USCF, and commentary on how market conditions affect its exchange-traded products.
Another recurring news theme involves Marygold’s fintech and advisory businesses. The company reports on the development and rollout of its proprietary mobile fintech app through Marygold & Co. (UK), including its availability in U.K. app stores and recognition in independent reviews. Updates also address the operations of Marygold & Co. (UK) and Step-By-Step Financial Planners as they provide investment advisory services across a range of financial products.
Marygold’s news flow further includes information on its non-financial subsidiaries, such as Gourmet Foods and Printstock Products in New Zealand and the Original Sprout beauty products brand in California. Releases may highlight product initiatives, marketing activities, and the performance of these units. Corporate-level announcements, including earnings results, capital raising transactions, and portfolio changes such as the sale of the Brigadier Security Systems subsidiary, provide additional context for those tracking MGLD. For a fuller picture of the company’s trajectory, readers can review these recurring categories of news over time.
The Marygold Companies (NYSE: MGLD) reported a revenue of $7.9 million for Q3 FY24, down from $8.3 million last year. The company incurred a net loss of $0.5 million, or $0.01 per share, due to continued investment in its fintech app, Marygold & Co. For the nine months ended March 31, 2024, revenue was $24.6 million, down from $26 million last year, with a net loss of $2.2 million, or $0.05 per share. TMC's balance sheet remains strong with $4.5 million in cash and $11.6 million in investments, and almost no debt. Total assets were $33.7 million, and stockholders' equity was $28.4 million. The company recently acquired Step-by-Step Financial Planners in the UK, bringing its total UK assets under management to $75 million. Despite financial losses, TMC is focused on long-term value through its fintech investments.
The Marygold Companies, Inc. (NYSE American: MGLD) announced the acquisition of Step-By-Step Financial Planners , a UK-based investment advisory firm with approximately US$33.7 million in assets under management. This marks the second acquisition by Marygold & Co. (UK) and aligns with the company's strategy of expanding its global financial services and fintech presence. The acquisition aims to provide multi-channel financial services, including a new fintech app set to launch in the UK later this year.
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