The following is a summary of the U.S. Global Investors, Inc. (GROW) Q2 2024 Earnings Call Transcript:

Financial Performance:

• U.S. Global Investors reported average assets under management of $2 billion for the quarter ending December 31, 2023.

• The company's operating revenues for the quarter were $2.8 million, down 24%, and a net income of $1.2 million, an indication of a 45% increase over the same quarter last year.

• Earnings per share for the quarter were $0.09.

• Operating income for this quarter decreased to $192,000, which is a drop from the previous year's $716,000.

• The company maintains a strong balance sheet with high levels of cash and no long-term debt. Net working capital increased to $38.3 million, and the current ratio stood at 18.8:1.

Business Progress:

• The company continues to use a successful quantitative investment strategy involving active risk management and data analysis, resulting in the creation of Smart Beta 2.0 ETFs.

• U.S. Global Investors closed two mutual funds focused on Eastern Europe and China due to market conditions, but launched the SEA fund to leverage opportunities in the global shipping industry.

• Future plans include a focus on shareholder yield, launch expectations for new products, cash preservation for future growth opportunities and market corrections, and strategic stock buyback.

• The company's investments in HIVE Digital has surpassed the returns from five-year or ten-year government bonds.

• U.S. Global Investors is looking at a potential strategic shift towards NVIDIA and the overall AI business, due to strong growth in these sectors. Their strategy also highlights the successful 'magnificent seven' performance.

More details: US Global Investors IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.