Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 100

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 2
Chunk 100
---
., a Canadian registered corporation, with locations in Regina and Saskatoon,
    Saskatchewan, Canada.

    ●
    Beauty
    Products - Kahnalytics, Inc., a California corporation, doing business as “Original Sprout,” located in San Clemente,
    California.

    ●
    U.S.
    and U.K. Financial Services:

    ○
    Marygold
    & Co., a Delaware corporation, based in Denver, Colorado, and its wholly-owned subsidiary, Marygold & Co. Advisory Services,
    LLC, a Delaware limited liability company, whose principal business office is in New Albany, Ohio;

    ○
    Marygold
    & Co., (UK) Limited, a private limited company incorporated and registered in England and Wales, whose registered office is in
    London, England, and its wholly-owned subsidiaries:

    ■
    Marygold
    & Co. Limited f/k/a Tiger Financial & Asset Management Limited, a company incorporated and registered in England and Wales,
    whose registered office is in Northampton, England; and

    ■
    Step-By-Step
    Financial Planners Limited, a company incorporated and registered in England and Wales, whose registered office is in Staffordshire,
    England.

21

Recent
Developments

Refer
to “Liquidity and Capital Resources – Recent Note Financing” and “—Recent Equity
Financing,” below.

Summary
Results of Operations

    Three Months Ended December 31,  
    Percentage 
  
    (in thousands, except percentages) 
    2024  
    2023  
    Change 
  
    Revenue 
    $8,004  
    $8,457  
     -5%
  
    Cost of revenue 
     2,076  
     2,091  
     -1%
  
    Gross profit 
     5,928  
     6,366  
     -7%
  
    Operating expenses 
     7,754  
     7,363  
     5%
  
    Loss from operations 
     (1,826) 
     (997) 
     83%
  
    Other expense, net 
     (403) 
     (368) 
     10%
  
    Loss before income taxes 
     (2,229) 
     (1,365) 
     63%
  
    Benefit from income taxes 
     (482)