Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 302

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 302
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 the understanding of our results of operations and financial condition. Our discussion is organized as follows:

•Executive overview. This section provides a general description of our business, as well as significant transactions and events that we believe are important in understanding the results of operations.

•Results of operations. This section provides an analysis of our results of operations presented in the accompanying condensed consolidated statements of income by comparing the results for the respective periods presented. Included in our analysis is a discussion of seven performance metrics:

o(i)    ounces of gold and silver sold, 

o(ii)   Wholesale Sales ticket volume, 

o(iii)  Direct-to-Consumer ticket volume:

•(a)   Direct-to-Consumer ticket volume from new customers,

•(b)   Direct-to-Consumer ticket volume from pre-existing customers,

•(c)   Direct-to-Consumer total ticket volume,

o(iv)   Direct-to-Consumer and JMB average order value,

o(v)    number of Direct-to-Consumer customers:

•(a)   Direct-to-Consumer number of new customers,

•(b)   Direct-to-Consumer number of active customers,

•(c)   Direct-to-Consumer total customers,

o(vi)   inventory turnover ratio, and 

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o(vii)  number of secured loans at period-end.

•Segment results of operations. This section provides an analysis of our results of operations presented for our three segments:

oWholesale Sales & Ancillary Services,

oDirect-to-Consumer, and

oSecured Lending

comparing results for the periods presented.

•Non-GAAP Measures. This section provides an analysis of our non-GAAP measures with a reconciliation to the most directly comparable U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) measure reported on the consolidated financial statements. The Company uses the following two non-GAAP measures:

o"adjusted net income before provision for income taxes", and

o"earnings before interest, taxes, depreciation, and amortization", or "EBITDA".

•Liquidity and financial condition. This section provides an analysis of our cash flows, as well as a discussion of our outstanding debt as of December 31, 2024, sources of liquidity and the amount of financial capacity available to fund our future commitments and other financing arrangements.

•Critical accounting policies and estimates. This section discusses critical accounting policies that are considered both important to our financial condition and results of operations and require management to make significant judgment and estimates. All of our significant accounting policies