Company: MGLD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001493152-25-021259
Chunk: 26

Company: Marygold Companies, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 whose principal business offices are located in Walnut Creek, California;

    ○
    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.

19

Recent
Developments

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

Quarter
Ended September 30, 2025 Compared with Quarter Ended September 30, 2024

Summary
Results of Operations

    Quarters Ended September 30,  
    Percentage 
  
    (in thousands, except percentages) 
    2025  
    2024  
    Change 
  
    Revenue 
    $6,963  
    $7,910  
     -12%
  
    Cost of revenue 
     1,599  
     2,128  
     -25%
  
    Gross profit 
     5,364  
     5,782  
     -7%
  
    Operating expenses 
     6,628  
     7,952  
     -17%
  
    Loss from operations 
     (1,264) 
     (2,170) 
     -42%
  
    Other income, net 
     755  
     101  
     648%
  
    Loss before income taxes 
     (509) 
     (2,069) 
     -75%
  
    Benefit from income taxes 
     153 
     483  
     -68%
  
    Net loss 
    $(356) 
    $(1,586) 
     -78%

Revenue
decreased by $0.9 million or 12% for the quarter ended September 30, 2025 due to a decrease in revenue of $0.7 million from our
security systems segment as a result of the sale of Brigadier to a related party on July 1, 2025 as well as a decrease of