Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 335

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 335
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2 million, or 416.5%, to a loss of $2.5 million from earnings of $0.8 million in 2023 due to decreased earnings of our equity method investees.

    in thousands

    Six Months Ended December 31,
     
    2024
     
    2023
     
    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Earnings (losses) from equity method investments
     
    $
    (1,908
    )

    (0.043
    %)

    $
    3,492

    0.090
    %

    $
    (5,400
    )

    (154.6
    %)

Earnings (losses) from equity method investments for the six months ended December 31, 2024 decreased $5.4 million, or 154.6%, to a loss of $1.9 million from earnings of $3.5 million in 2023 due to decreased earnings of our equity method investees.

64

Results of Operations — Direct-to-Consumer Segment

The Company operates its Direct-to-Consumer segment through our wholly-owned subsidiaries: JM Bullion, Inc. (“JMB”), Goldline, Inc. (“Goldline”), through our investment in Silver Gold Bull, Inc. ("SGB"), and through our subsidiary Precious Metals Purchasing Partners, LLC ("PMPP"). 

Overview of Results of Operations for the Three Months Ended December 31, 2024 and 2023

— Direct-to-Consumer Segment

The operating results of our Direct-to-Consumer ("DTC") segment were as follows (in thousands, except performance metrics data):

    Three Months Ended December 31,
     
    2024
     
    2023
     
    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Revenues
     
    $
    569,005
     
    (a)

    100.000
    %

    $
    370,631
     
    (b)

    100.000
    %

    $
    198,374

    53.5
    %

    Gross profit

    25,033

    4.399
    %

    22,157

    5.978
    %

    $
    2,876

    13.