U.S. Global Investors reports $11 million in revenue for fiscal year 2024.

From GlobeNewswire: 2024-09-10 16:58:00

U.S. Global Investors, Inc. (NASDAQ: GROW) announced operating revenues of $11 million for fiscal year 2024, with a decrease in net income largely due to lower assets under management. Despite a prolonged yield curve inversion affecting investor sentiment, the airline industry fundamentals remained strong, with optimism following its historic reversal in September after 783 days. The Company expresses confidence in the long-term outlook for the airline industry and continues to expand its global presence, focusing on high-growth markets like Colombia. Leading U.S. airlines experienced significant revenue and EBITDA growth, underscoring sector resilience. The Company’s 9.41% shareholder yield exceeds Treasury yields, reflecting a commitment to shareholder value through share repurchases and monthly dividends. Gold prices hit all-time highs, prompting interest in gold-backed ETFs amid expectations of rate cuts starting in September. U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) maintained stable AUM, aligning with rising interest in gold. JETS UCITS ETF merged with TRIP, enhancing the Company’s global ETF brand and diversifying exposure. Tune in to the earnings webcast on September 11, 2024, to discuss key financial results for the fiscal year.



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