www.goldmoney.com/corporate/news/...l-at-year-end-fiscal-2018
Financial Highlights
•§First ever IFRS Annual Net Income of $5.7 million in Fiscal 2018.
•§First ever Non-IFRS Adjusted Net Profit of $10.1 million in Fiscal 2018.
•§Annual Revenue in CAD of $572.4 million in Fiscal 2018 vs. $523.8 million in Fiscal 2017, an increase of 9.3% Year over Year.
•§Record Quarterly Revenue in CAD of $171.1 million in March 31, 2018 quarter vs. $149.8 million in December 31, 2017 quarter, an increase of 14% over sequential quarters.
•§Precious Metal Revenue of $140.5 million in Q4 2018 vs. $127.5 million in Q3 2018, highlighting strong organic growth and consistent outperformance versus industry peers in precious metals dealing.
•§$30.6 million of Cryptocurrency Revenue compared to $22.4 million in prior quarter, an increase of 36.6% over sequential quarters for an organic business we built and deployed internally.
•§Fully-Reserved Precious Metal Loan Portfolio up to $19.5 million vs. $8.6 million last year, earning the group $1.2 million of interest vs. $0.3 million in the prior fiscal year.
•§$111.5 million in Cash and Tangible Capital ($1.46 per share) at Year End Fiscal 2018 vs. $58.7 million ($0.87 per share) in Fiscal 2017, an increase of 90% Year over Year.
•§68% Per-Share Year-over-Year growth in gold-denominated Tangible Capital per share, highlighting management’s focus on a positive Return on Metal Weight (“ROMW”) on an annual basis.
www.goldmoney.com/corporate/news/...l-2018-shareholder-letter