Goldmoney Stock Price, News & Analysis

Goldmoney Inc. (TSX:XAU, US:XAUMF) is set to release its first quarter 2023 financial results on August 11, 2022, before market open. The results will be accessible via press release and on SEDAR. Goldmoney, a global precious metal financial service, facilitates the sale, delivery, and storage of precious metals for clients across over 100 countries, holding approximately $2 billion in assets. Shareholders are encouraged to reach out with inquiries via email.

Goldmoney Inc. (TSX:XAU, US:XAUMF) reported its financial results for the fourth quarter and fiscal year ended March 31, 2022. Key highlights include a 7% increase in tangible capital to $134.8 million, with tangible capital per share rising to $1.78. The company also saw a 37% increase in its precious metal position, totaling $65.1 million. However, the annual gross profit fell by 15% to $23.9 million. The total IFRS revenue for the year stood at $350.2 million, down from previous levels, alongside a net loss of $6.1 million, translating to a basic loss per share of $0.08.

Goldmoney Inc. (TSX:XAU) reported its financial results for Q3 2022, ending December 31, 2021. The Corporate Metal Position rose by $10.4 million (22%) to $58.0 million. Client Assets reached $2.15 billion, and Tangible Capital saw a 2% quarter-over-quarter increase to $127.4 million. The company repurchased 288,300 shares, reducing the share count by 0.4%. While revenue for Q3 was $67.1 million, net income improved to $2.6 million compared to a loss of $3.3 million in Q3 2021. Earnings per share stood at $0.03.

Goldmoney Inc. announced its operational restructuring plan in the Third Quarter 2021 Earnings Report on February 9, 2021. The company successfully closed its Jersey operations, projected to save nearly $4 million annually. This closure, completed in September, eliminated redundancies and improved operational efficiency. Following the closure, the Jersey Financial Services Commission proposed a ten-year ban on future Jersey operations. Management views these developments positively, focusing on long-term shareholder value with the realized savings.

Goldmoney Inc. (TSX:XAU, US:XAUMF) reported a challenging second quarter ending September 30, 2021, with a net loss of $2.9 million, down 136% YoY. Gross profit declined by 84% to $1.7 million. Fee revenue also fell by 11% to $1.6 million. Despite these setbacks, the company reported a 13% increase in its Corporate Metal Position to $53.7 million. Investee company Menē Inc. achieved a 67% YoY revenue increase at $5.8 million. The transition from Jersey operations is anticipated to yield cost efficiencies in future reporting periods.

Goldmoney Inc. (TSX:XAU) announces its subsidiary Totenpass Inc. has launched a beta version of a revolutionary digital storage drive made from solid gold. This drive utilizes a proprietary light-diffraction process for permanent, energy-free digital data storage. Priced at $50 and $75, it aims to empower users by decentralizing data storage, eliminating reliance on the internet. With global shipping and cryptocurrency payment options, Totenpass also introduces a referral program rewarding users in Bitcoin. CEO Roy Sebag highlights the potential for significant growth and profitability.

Goldmoney Inc. (TSX:XAU) (US:XAUMF) reported Q3 financial results for the quarter ended December 31, 2020. Key highlights include a 13% increase in quarterly gross profit to $4.9 million and a 304% rise in fee revenue, reaching a record $2.9 million. Net income surged 173% YoY to $4.2 million, with earnings per share of $0.05. However, total revenue declined 10% YoY to $97.6 million. Client assets increased 18% to $2.5 billion. Overall, the company demonstrated operational efficiencies despite typical seasonal challenges.

Goldmoney Inc. (TSX:XAU | US:XAUMF) will release its third quarter 2021 financial results before market open on February 9, 2021. The financial data will be shared via press release and available on SEDAR. Shareholders can direct questions to management via email. Goldmoney operates in the precious metals sector, with clients in over 150 countries holding approximately $2.5 billion in precious metal assets. The Company also has interests in various subsidiaries, enhancing its exposure to the precious metals market.

Goldmoney Inc. (TSX:XAU) (US:XAUMF) announced updates on its subsidiary Totenpass Inc., which has been developing a solid gold digital storage drive since 2017. This innovative technology enables permanent storage of data without energy dependency, addressing issues related to the increasing centralization of digital information. Goldmoney has invested significantly in Totenpass, which is expected to launch in beta by the end of 2021, pending technical milestones. The project is fully funded through cash flows, alleviating concerns about financial risk.