The Marygold Companies Inc (MGLD) Q3 2024: Mgld

Executive Summary

The Marygold Companies Inc (MGLD) reported QQ3 2024 results reflecting a modest year-over-year revenue decline and continued profitability pressures, set against a strong liquidity backdrop. Revenue for QQ3 2024 was $7.88 million, down 6.82% quarter-on-quarter from $8.46 million in QQ2 2024 and down 5.05% year-over-year. Gross profit was $4.13 million with a gross margin of 52.41%, while operating expenses of $5.30 million produced an operating loss of $1.47 million and an EBITDA of negative $1.34 million. Net loss totaled $0.529 million, translating to a basic EPS of -$0.0131. The quarterly results underscore a cost structure that is not yet producing positive operating leverage at the current revenue level, despite a diversified revenue base.

Key Performance Indicators

Revenue

7.88M

QoQ: -6.82% | YoY:-5.05%

Gross Profit

4.13M

52.41% margin

QoQ: -17.83% | YoY:-32.34%

Operating Income

-1.47M

QoQ: -47.54% | YoY:-986.14%

Net Income

-529.00K

QoQ: 55.28% | YoY:-445.09%

EPS

-0.01

QoQ: 55.29% | YoY:-444.74%

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Liquidity and margin focus amid a still-small asset-management footprint: Gross margin 52.41% with revenue $7.88m; Operating margin -18.67%; Net margin -6.71%; EBITDA -$1.34m; Net income -$0.529m; EPS -$0.0131. QoQ revenue decline of 6.82% and YoY revenue decline of 5.05% reflect a softer quarter relative to a year ago, while elevated operating expenses (G&A + Selling & Marketing + other operating costs) expanded loss. Cash flow remained negative from operations at -$0.658m; free cash flow was -$0.658m, and cash on hand stood at $4.49m at quarter end. Balance sheet shows robust liquidity with total current assets of ~$25.77m and total assets of ~$33.71m, paired with minimal gross debt (~$1.52m) and a net-debt position of approximately -$2.97m, signaling substantial cushion against near-term headwinds.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	7.88M	-5.05%	-6.82%
Gross Profit	4.13M	-32.34%	-17.83%
Operating Income	-1.47M	-986.14%	-47.54%
Net Income	-529.00K	-445.09%	55.28%
EPS	-0.01	-444.74%	55.29%

Key Financial Ratios

currentRatio

5.68

grossProfitMargin

52.4%

operatingProfitMargin

-18.7%

netProfitMargin

-6.71%

returnOnAssets

-1.57%

returnOnEquity

-1.86%

debtEquityRatio

0.05

operatingCashFlowPerShare

$-0.02

freeCashFlowPerShare

$-0.02

priceToBookRatio

1.79

priceEarningsRatio

-24.06

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
MGLD Focus	52.41%	-18.70%	-1.86%	-24.06%
CXH	1.00%	78.10%	-0.13%	-175.45%
NXC	1.00%	91.60%	2.31%	9.53%
DRCT	38.70%	-40.30%	86.90%	-74.40%
NRSN	0.00%	0.00%	76.20%	-2.84%

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	7.03	-0.02	-10.8%	View
Q2 2025	8.00	-0.04	-5.4%	View
Q1 2025	7.91	-0.04	-4.0%	View
Q4 2024	8.27	-0.05	-6.9%	View
Q3 2024	7.88	-0.01	-5.1%	View

The Marygold Companies (MGLD) Q3 2024 Earnings Report

Earnings Highlights

The Marygold Companies Inc (MGLD) QQ3 2024 Earnings Review: Revenue Decline Amid Margin Pressure with Solid Liquidity Position

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

The Marygold Companies (MGLD) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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