U.S. Global Investors reports Q1 net income $1.6M up 89% vs prior quarter

U.S. Global Investors reported operating income of $730,000 for the quarter ended March 31, on total revenues of $3.6M. The Company recorded net income of $1.6M or 11c per share, representing an 89% increase over the previous quarter’s net income. Average assets under management for the three-month period ended March 31, , were $2.5B, while total AUM at period-end was $2.3B.