Overview

* U.S. Global Investors ( GROW ) fiscal Q1 net income rises 378% yr/yr, driven by investment income

* Company fiscal Q1 operating revenues up 15% from June qtr, 4% yr/yr

* Fund flows into gold mining and natural resource funds turn positive

Result Drivers

* INVESTMENT INCOME - Net income increase largely driven by investment income, which rose nearly 300% from the previous quarter

* GOLD FUND FLOWS - Positive fund flows into gold mining and natural resource funds due to historic gold price surge

* AUM SLIGHT INCREASE - Average AUM rose slightly from previous quarter but below year-ago levels

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Net $1.50

Income mln

Press Release:

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(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.)