Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 32

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 in connection with the adoption and implementation of the Marygold mobile Fintech app for the U.K.
market. The consolidated operating loss for financial services was $1.5 million for the current quarter as compared to a loss of
$1.4 million for the quarter ended March 31, 2024.

23

Corporate
Headquarters

The
Marygold Companies as a holding company has no significant revenue, however, it does have operating expenses such as, but not limited
to, salaries, audit and legal fees, NYSE American listing fees and expenses, expenses related to compliance with its SEC periodic reporting
requirements, insurance, interest expense, and investor relations which produce operating losses. Operating loss for the corporate headquarters
was relatively flat at $0.8 million for the quarter ended March 31, 2025 as compared to same period in 2024.

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

Summary
Results of Operations

    Nine
    Months Ended March 31,  
    Percentage 
  
    (in thousands, except percentages) 
    2025  
    2024  
    Change 
  
    Revenue 
    $22,940  
    $24,571  
     -7%
  
    Cost of revenue 
     5,958  
     6,449  
     -8%
  
    Gross profit 
     16,982  
     18,122  
     -6%
  
    Operating expenses 
     22,482  
     21,626  
     4%
  
    Loss from operations 
     (5,500) 
     (3,504) 
     57%
  
    Other (expense) income,
    net 
     (117) 
     452  
     -126%
  
    Loss before income taxes 
     (5,617) 
     (3,052) 
     84%
  
    Benefit
    from income taxes 
     1,273  
     840  
     52%
  
    Net loss 
    $(4,344) 
    $(2,212) 
     96%

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

Revenue
decreased by $1.6 million or 7% for the