Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 82

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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67% to $0.2 million as compared to $0.1 million for the quarter ended December 31, 2023. The increase
was driven by the incremental revenue of $0.1 million from Step-By-Step, which was acquired in April 2024. Operating loss
increased by $0.2 million due to increased costs incurred in connection with the adoption and implementation of the Marygold mobile
Fintech app for the U.K. market. The consolidated operating loss for financial services was $1.7 million for the current quarter as
compared to a loss of $1.5 million for the quarter ended December 31, 2023.

24

Corporate
Headquarters

The
Marygold Companies as a holding company has no significant revenue, however, it does have operating expenses such as, but not
limited to, salaries, audit and legal fees, NYSE American listing fees and expenses, expenses related to compliance with its SEC
periodic reporting requirements, insurance, interest expense, and investor relations which produce operating losses. Operating loss
for the corporate headquarters increased by $0.1 million, or 10%, for the quarter ended December 31, 2024 as compared to same period
in 2023. The increased loss was driven by higher stock-based compensation expenses from additional equity grants during the quarter ended December 31, 2024.

Summary
Results of Operations

    Six Months Ended December 31,  
    Percentage 
  
    (in thousands, except percentages) 
    2024  
    2023  
    Change 
  
    Revenue 
    $15,913  
    $16,692  
     -5%
  
    Cost of revenue 
     4,203  
     4,128  
     2%
  
    Gross profit 
     11,710  
     12,564  
     -7%
  
    Operating expenses 
     15,706  
     14,598  
     8%
  
    Loss from operations 
     (3,996) 
     (2,034) 
     96%
  
    Other expense, net 
     (302) 
     (134) 
     125%
  
    Loss before income taxes 
     (4,298) 
     (2,168) 
     98%
  
    Benefit from income taxes 
     966