Financial services co Marygold reports narrower Q2 loss driven by lower expenses
Overview
Financial services firm's Q2 revenue fell yr/yr due to the sale of Brigadier Security Systems (2000) Ltd
Net loss for Q2 improved significantly due to expense reductions
Company launched a new ETF trading on NYSE Arca
Outlook
Company is assessing viability of its mobile fintech app in the UK
Company launched new ETF trading on NYSE Arca
Marygold focuses on growing in financial services for scalable, recurring revenue
Result Drivers
EXPENSE REDUCTIONS - Co attributed improved net loss to significant expense reductions in fintech development and marketing expenses
ETF LAUNCH - Co launched a new ETF trading on NYSE Arca during Q2
UK FINTECH APP - Co's UK fintech app showed modest growth during Q2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $7.60 mln |
|
Q2 Net Income |
| -$600,000 |
|
Press Release: ID:nBw1pPCCta
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