Exhibit 99.1



Holly Schoenfeldt

Marketing & Public Relations Manager                                            




For Immediate Release



U.S. Global Investors Reports Financial Results for the 2018 Fiscal Year


SAN ANTONIO–September 6, 2018–

U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, today reported net income of $647,000, or $0.04 per share, for the fiscal year ended June 30, 2018. In comparison, for the previous fiscal year, the Company recorded a net loss of $513,000 ($0.03 per share), representing an increase in net income of approximately $1.2 million. The increase is primarily due to income from equity method investments of $1.6 million. Assets under management (AUM) for fiscal year 2018 fell in comparison to the same period in 2017, leading to a decrease in operating revenue.


Cash and cash equivalents at fiscal year-end increased by $2.4 million from the prior fiscal year-end. A large component of the increase in cash during fiscal 2018 was due to net proceeds from investing activities, somewhat offset by dividends paid and repurchases of common stock.


Average AUM was $729 million versus $843 million in fiscal year 2017, a decrease of 13.5 percent. The decrease was primarily due to market depreciation and shareholder redemptions.


2018 Has Been Challenging for Metals, but that Could Change with Faster Inflation


“The price of gold was off more than 4 percent in the first six months of the year on a stronger U.S. dollar and massive short positions in precious metals by hedge funds,” explains Frank Holmes, Company CEO and chief investment officer. “Gold has had a very strong negative correlation to the dollar this year, meaning it’s moved in nearly the exact opposite direction as the strengthening greenback. However, taking into account the trade war’s potential harm on the U.S. and global economies, I believe the dollar could be near a peak, with the potential for even higher gold prices. The yellow metal was down two standard deviations over the past 60 trading days as of the end of the first half of 2018, so the math is in our favor for gold to revert to the mean.


“At this stage in the business cycle, investors should start considering the risk of inflation, which I believe is accelerating a lot faster than the Labor Department’s official annual rate,” Holmes continues. “Historically, gold has performed very well when consumer prices were rising faster than 3 percent. In many cases, we’re already seeing this rate or higher because of trade tariffs, wage inflation and higher fuel prices.



The following information was filed by U S Global Investors Inc (GROW) on Friday, September 7, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate U S Global Investors Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by U S Global Investors Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Log in with your credentials


Forgot your details?

Create Account