Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 71

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 71
---
 corporation, with locations in Regina and Saskatoon,
    Saskatchewan, Canada.

    ●
    Beauty
    Products - Kahnalytics, Inc., a California corporation, doing business as “Original Sprout,” located in San Clemente,
    California.

    ●
    U.S.
    and U.K. Financial Services:

    ○
    Marygold
    & Co., a Delaware corporation, based in Walnut Creek, California, and its wholly-owned subsidiary, Marygold & Co. Advisory Services,
    LLC, a Delaware limited liability company, whose principal business office is also 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.

20

Recent
Developments

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

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

Summary
Results of Operations

    Three
    Months Ended March 31,  
    Percentage 
  
    (in thousands, except percentages) 
    2025  
    2024  
    Change 
  
    Revenue 
    $7,027  
    $7,880  
     -11%
  
    Cost of revenue 
     1,755  
     2,323  
     -24%
  
    Gross profit 
     5,272  
     5,557  
     -5%
  
    Operating expenses 
     6,776  
     7,028  
     -4%
  
    Loss from operations 
     (1,504) 
     (1,471) 
     2%
  
    Other income, net 
     185  
     587  
     -68%
  
    Loss before income taxes 
     (1,319)