Holly Schoenfeldt | Marketing & Public Relations Manager |
Frank Holmes | Chief Executive Officer & Chief Investment Officer |
Lisa Callicotte | Chief Financial Officer |
Good morning, everyone. Thank you for joining us today for our webcast announcing U.S. Global Investors Results For Third Quarter Ended March 31, 2022. I'm Holly Schoenfeldt.
As seen on Slide number 2, as you can see on Slide number 2, the presenters for today's program are Frank Holmes, U.S. Chief Holly Lisa Schoenfeldt, and Officer; Chief CEO myself, and Director Investors Investment Callicotte, Officer; Financial Global of Marketing. as today, JETS, X, anyone JETS. Slide always, love would On to to end Archives one GOAU our of and SEA we offer
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industry even that with prices very economy the sphere a strong. and airlines it's that a slowing even really remains fascinating quite see of with rising fuel to So,
because In guidelines and them brought more couldn't they for pilots, that's hours fact, just immediately unless the they a older reasons, and had of pilot than thousands and shortage but Air of many a start Force there's lot from are that you passive and get of license, knowledge It pilot. back license. the pilots, they driver. you're pilot's experience, your same that can great that mean a doesn't from example can driver's for comes that doesn't And great get mean it mature you a come found a of in flying you're the new good thing your
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Just footprint Jets of approved and managing with the there's over XX,XXX firms Ameriprise on one independent are ETF $X trillion those largest who for not aware, with national a recently the advisers.
tremendous going that power our people companies systemic Now, to cargo it's believe happened a there's that's given it's reporting jets are these and and incredible that's I But risk away. a away because cargo anything think and strongly just is not earnings and XX% phenomenon. pricing [indiscernible] going in we we short-term launched it's supply disagree. that's ships not cargo-related recent XX% skycargo, which exchange
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and and in million was the note over cash we siding, analysis look an our our pushing, replenish to the the that then allow $X.X So, Hive it It us million? paid that principal at paying cash been we structure months. XX because growing down price, it But a did interest Anything all basis protected has on complex cash. done. showing for below money million, total is $X.X convertible a management, and but $X.X are is it, which us really back get the such the this us what, it debentures. the was interesting Now we it auditors, paybacks was its for frustrating for has take position you get monthly past return shareholders merely convertible and a
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morning, Good everyone. Frank. you, Thank
a just First, couple I'd with to like slide. start highlights next of on the
billion had was management March Our a $X.X operating year XXXX from consistent million and an revenues our total operating of were Also, prior and quarter, ago. with margin $X.X XX, XX%. quarter of up for and we average under assets slightly this
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cost compensation of increased primarily expenses of were somewhat due slide, the expenses of due quarter advertising General over to million the consulting $X.X benefits employee from $X.X by fees; recorded $XXX,XXX. increase next in to period a increases performance ETF. performance and professional in increased new The the the due to were for XX% the of in same the decrease expenses to million million, year. current decrease an prior $XXX,XXX and these or primarily reasons: But following paying XX%, quarter, offset the decrease a operating revenues the $XX,XXX or which is due and fees $X.X period period. the launch higher is current Operating $XXX,XXX primarily fees the year, primarily the fund of higher for On or we and of $XXX,XXX receiving quarter last administrative last X% same
a the million Net operating last other what the and income share. to $XXX,XXX or affects the quarter unrealized the gains of related quarter loss prior our that income see investments we of our next $X.X for our of investments year. volatility to decrease same period, And XXXX. see how compared is earlier after XX, year unrealized recorded on to on of $X.XX to XXXX, $XXX,XXX investments our year March to is We income $X.X On was $X.X the same loss Frank that of for million in the compared was is because million fiscal for million statement. current a period or ended per in this compared taxes slide, the and discussing $XX that quarter losses decreased we
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million, principal million, accordingly was cash and investments million With stock. $XX.X in was of $X.X Jets to our cash or December increased provided quarter our sale to Holly Hive XXXX, a [ph]. the the proceeds ending the like and XX, decreased of net $X.X that, of to proceeds in off, to cash of net since the capital XXXX, the to million. activities lower and it $XX.X of at Hive working received At and cash debenture of marketing position increase XX% have the operating Before net which since capital from primarily The by income, XXXX, we current increasing to But But of then, due distribution. million XX, from due Hive had $X.X turn debenture. sales Then top discuss cash levels. ETF due significantly much common ratio cash March following the to of XXXX, I'd was June working of cash XX, the net X.X:X. and purchase payments due been an in our March from from proceeds over investments the of paydowns company sales increase
mutual On Lisa. always to of assets. slide, a we fund you, our Thank breakdown like do this
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e-mail mining XX either sign will GOAU up as around the info@usfunds.com. And taking be at on place visiting an p.m. discussion us on will gold be etftrends.com in and and Time, hosting gold at you Central our May or ETF stocks by conjunction X:XX We with can trends ETF sending this with well.
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So, want content, our wrap make everything presentation, majority we upcoming remind shipping today's a up our well of I to airlines about social media that as page we sure platform. YouTube events from all gold lastly, share as you subscribe to of the to our as video announcements do everyone and get across industry. on updates new And to
So, any presentation comments. today, reminder make those questions now out if just as any sure a get you e-mail Frank to Frank? you closing to to for to want back chance. audience, have follow-up I the check info@usfunds.com. please a our those when hand to And
Thank all you new with Holly, staying any joined ones us and and you, shareholders you. have Thank and thank us. come for