U.S. Global Investors, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021
February 17, 2022 at 04:18 pm EST
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U.S. Global Investors, Inc. reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported revenue was USD 6.57 million compared to USD 4.72 million a year ago. Net income was USD 3.59 million compared to USD 16.66 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 1.1 a year ago.
For the six months, revenue was USD 13.1 million compared to USD 7.97 million a year ago. Net income was USD 5.98 million compared to USD 18.61 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 1.23 a year ago.
U.S. Global Investors, Inc. is an investment adviser. The Company offers a range of investment options in the mutual fund and exchange-traded fund (ETF) space. It operates principally in two business segments: Investment Management Services, and Corporate Investments. It provides Investment Management Services to U.S. Global Investors Funds (USGIF) and ETF clients. Its Corporate Investments, through which the Company invests for its own account. The Company also serves as investment advisor to one European-based ETF. It invests in a range of industries ranging from natural resources, emerging markets, and infrastructure to precious metals and bond funds. The Companyâs wholly owned subsidiaries include U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited, and U.S. Global Indices, LLC.