Welcome to our dedicated page for Goldmoney news (Ticker: XAUMF), a resource for investors and traders seeking the latest updates and insights on Goldmoney stock.
Goldmoney Inc. reports financial results, capital actions, and asset updates for its publicly traded shares on the TSX and U.S. market under XAUMF. Company updates commonly cover IFRS financial statements, non-IFRS measures such as tangible equity and adjusted net income, share repurchases under normal course issuer bids, and annual shareholder meeting results.
Goldmoney news also includes transactions by Goldmoney Properties Limited (UK), including acquisitions and dispositions within the company’s property portfolio. These releases describe how asset sales, financing arrangements, redevelopment spending, debt reduction, and strategic property purchases fit within the company’s capital allocation activity.
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.