Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 107

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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0.2 million or 125% for the six months ended December 31, 2024 compared to the same period in
the prior year; however, the interest and dividend income line item increased by $0.9 million and  other expense, net  increased
by $0.7 million. Included in the interest and dividend income for the six months ended December 31, 2024 was $1.1 million of dividend
income from related party investments and offsetting that was $1.0 million in unrealized losses on related party investments included
in other expense, net as a result of the reduction in the net asset values of the related party investments from the payment of the dividends.

Benefit
from income taxes increased by $0.5 million or 100% driven by the increase in the loss before income taxes for the reasons explained above.

Net
loss increased by $1.6 million or 98% and was driven by decreased profits from our fund management business due to lower average AUM, increased losses in our financial services segment as we continue to develop our Fintech app and
higher stock-based compensation charges.

25

SEGMENT
RESULTS OF OPERATIONS

    Six Months Ended December 31,  
    Percentage 
  
    (in thousands, except percentages) 
    2024  
    2023  
    Change 
  
    Revenue 

    Fund management - related party 
    $9,276  
    $10,047  
     -8%
  
    Food products 
     3,510  
     3,649  
     -4%
  
    Beauty products 
     1,430  
     1,617  
     -12%
  
    Security systems 
     1,274  
     1,123  
     13%
  
    Financial services 
     423  
     256  
     65%
  
    Total revenue 
    $15,913  
    $16,692  
     -5%

    Operating Income (Loss) 

    Fund management - related party 
    $1,793  
    $2,975  
     -40%
  
    Food products 
     50  
     215  
     -77%
  
    Beauty products 
     (234) 
     (436) 
     -46%
  
    Security systems 
     191