Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 174

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 174
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    2024
     
    2023
     
    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Gross profit
     
    $
    48,486

    4.587
    %

    $
    43,215

    6.207
    %

    $
    5,271

    12.2
    %

Gross profit for the six months ended December 31, 2024 increased by $5.3 million, or 12.2%, to $48.5 million from $43.2 million in 2023. The increase in gross profit was mainly due to gross profit recognized as a result of our acquisition of a controlling interest in SGB and higher ticket volume during the period, partially offset by a lower gross profit margin percentage.

For the six months ended December 31, 2024, the Direct-to-Consumer segment's profit margin percentage decreased by 162.0 basis points to 4.587% from 6.207% in 2023. The decrease in the gross profit margin percentage was primarily due to our acquisition of a controlling interest in SGB, as well as lower gross profit percentages of JMB, Goldline and PMPP.

Selling, General and Administrative Expense — Direct-to-Consumer 

    in thousands

    Three Months Ended December 31,
     
    2024
     
    2023
     
    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Selling, general, and administrative expenses
     
    $
    (14,058
    )

    (2.471
    %)

    $
    (11,444
    )

    (3.088
    %)

    $
    2,614

    22.8
    %

68

Selling, general and administrative expenses for the three months ended December 31, 2024 increased $2.6 million, or 22.8%, to $14.1 million from $11.4 million in 2023. The change was primarily due to: (i) an increase in advertising costs of $1.1 million, (ii) an increase in compensation expense (including performance-based accruals) of $0.8 million, (iii) higher consulting and professional fees of $0.5 million, and (iv) an increase in facilities