MGLD Overview

Firefly Aerospace Earnings: Firefly Aerospace Inc. is expected to report a quarterly loss of 46 cents per share on revenue of $17.25 million, with shares slightly down to $45.20.

PRA Group and Genfit Updates: PRA Group Inc. announced a €300 million senior notes offering, causing shares to drop 4.1%, while Genfit SA is set to release first-half earnings, with shares down 1.2%.

Globus Maritime Performance: Globus Maritime Ltd. reported better-than-expected second-quarter results, with a loss of 9 cents per share and sales of $9.538 million, leading to a 14.7% increase in shares to $1.30.

Marygold Companies Results: Marygold Companies Inc. posted a loss of 4 cents per share for the fourth quarter, with sales declining to $7.2 million, and shares closing at $1.07.

Financial Performance Overview: The Marygold Companies, Inc. reported a revenue decline to $30.2 million for fiscal year 2025, with a net loss of $5.8 million, compared to a net loss of $4.1 million in 2024. The fourth quarter saw revenue of $7.2 million and a reduced net loss of $1.5 million.

Strategic Business Decisions: The company ceased funding for its Marygold & Co. fintech app due to unsustainable costs, focusing instead on core financial services and cost-cutting measures. Additionally, it sold its Canadian security systems subsidiary, which is expected to yield a significant gain in fiscal 2026.

Sale of Brigadier Security Systems: The Marygold Companies, Inc. has announced the sale of its Canadian subsidiary, Brigadier Security Systems Ltd., to SKCAL LLC for approximately $2.2 million, aligning with its strategy to focus on financial services.

Future Plans and Financial Impact: The transaction is expected to close by July 1, 2025, and proceeds will be used to reduce corporate debt and support general corporate purposes, while the CEO expressed confidence in Brigadier's future under new ownership.