Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 34

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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; however, the interest and dividend income
line item increased by $0.7 million and other income (expense), net decreased by $0.6 million. Included in the interest and dividend income
for the nine months ended March 31, 2025 was $1.1 million of dividend income from related party investments offset by $0.5
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. Interest expense increased by $0.7 million as a result of our recent note financing.

Benefit
from income taxes increased by $0.4 million or 52% driven by the increase in the loss before income taxes for the reasons explained
above.

Net
loss increased by $2.1 million or 96% and was driven by decreased profits from our fund management business due to lower average AUM
and increased interest expense as a result of the borrowing under our recent note financing. 

24

Reportable Segments

Nine Months Ended March 31, 2025 Compared with Nine Months Ended
March 31, 2024

SEGMENT
RESULTS OF OPERATIONS

    Nine
    Months Ended March 31,

    Percentage

    (in
    thousands, except percentages)
     
    2025

    2024

    Change

    Revenue

    Fund
    management - related party
     
    $
    13,369

    $
    14,453

    -8
    %
  
    Food
    products

    5,014

    5,485

    -9
    %
  
    Beauty
    products

    2,071

    2,475

    -16
    %
  
    Security
    systems

    1,842

    1,773

    4
    %
  
    Financial
    services

    644

    385

    67
    %
  
    Total
    revenue
     
    $
    22,940

    $
    24,571

    -7
    %

    Operating
    Income (Loss)

    Fund
    management - related party
     
    $
    2,620

    $
    3,802

    -31
    %
  
    Food
    products

    118

    209

    -44