NEWS
U.S. Global Investors Reports $11 Million Revenue in Fiscal 2024, Repurchasing Over $2 Million in Shares While Generating a Strong Shareholder Yield of 9.41%
U.S. Global Investors (NASDAQ: GROW) reported $11 million in revenue for fiscal year 2024, with net income of $1.3 million, down from $3.1 million the previous year. The company's average assets under management (AUM) stood at $1.9 billion, with total AUM of $1.6 billion as of June 30, 2024. Despite challenges in the airline industry, the company remains optimistic, particularly following the reversal of the yield curve. U.S. Global Investors achieved a strong shareholder yield of 9.41%, repurchasing 767,651 shares at a cost of $2.2 million. The company maintains a healthy liquidity position with $27.4 million in cash and cash equivalents. U.S. Global Investors continues to expand globally, listing a new ETF in Colombia and merging its JETS UCITS ETF with the Travel UCITS ETF (TRIP).
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