GoldMoney (TSX: XAU) or XAUMF on the U.S. OTCQB will be releasing their earnings next week for its fiscal 3Q 2021 ended December 31, 2020.
In the year ago quarter (fiscal 3Q 2020 ended December 31, 2019), XAU generated revenue of CAD$108,161,148 with a gross profit of CAD$4,368,514 for a gross margin of 4.039%. XAU had operating expenses of CAD$6,703,766 equal to 6.198% of revenue, causing XAU to report an operating loss of (CAD$2,355,252) equal to (2.159%) of revenue and a net loss of (CAD$2,958,118) equal to (2.735%) of revenue.
In the most recent quarter (fiscal 2Q 2021 ended September 30, 2020), XAU generated revenue of CAD$243,608,754 with a gross profit of CAD$10,420,655 for a gross margin of 4.278%. XAU had operating expenses of CAD$4,572,933 equal to 1.877% of revenue, causing XAU to report an operating profit of CAD$5,847,722 equal to 2.4% of revenue and a net profit of CAD$7,509,127 equal to 3.082% of revenue.
Based on NIA's extensive research (the company hasn't released any guidance), XAU will report a huge improvement on a year-over-year basis compared to fiscal 3Q 2020! XAU will likely comment next week about the company experiencing unprecedented demand for silver on its platform!
Despite gold prices down by 5% since January 5th when XAU's assets under management surpassed CAD$2.7 billion for the first time in history, XAU's assets under management today have once again surpassed CAD$2.7 billion! This means many XAU customers have likely been selling gold to buy silver thereby earning XAU huge revenue and income from a likely HUGE increase in GoldMoney transactions and also the likelihood of a large amount of new deposits from Generation Z customers beginning to rapidly open GoldMoney accounts!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 45,000 shares of XAU in the open market. He intends to sell these shares in the future for a profit. This message is meant for informational and educational purposes only and does not provide investment advice.