Financial services co Marygold reports narrower Q2 loss driven by lower expenses

Reuters02-06

Financial services co Marygold reports narrower <a href="https://laohu8.com/S/QTWO">Q2</a> 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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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