Earnings Call Excerpt
U.S. Global Investors Inc. (GROW)
F2Q08 (Qtr End 12/31/07) Earnings Call
February 11, 2008 11:00 am ET
Executives
Terry Badger - Director of Communications
Frank Holmes - CEO and Chief Investment Officer
Susan McGee - President and General Counsel
Catherine Rademacher - Chief Financial Officer
Presentation
Operator
Greetings and welcome to the U.S. Global Investors exclusive webcast U.S. Global Investors second quarter of fiscal year 2008 earnings announcement.. (Operator Instructions).
Now we would like to begin by introducing Terry Badger, Director of Communications for U.S. Global Investors. Thank you, you may begin.
Terry Badger
Thank you, and welcome everyone to our webcast, announcing results for the second quarter of fiscal 2008. The presenters for today's program are Frank Holmes, U.S Global Investors' CEO and Chief Investment Officer, Susan McGee, President and General Counsel and Catherine Rademacher, Chief Financial Officer.
During this webcast, we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statements made during this webcast that don't pertain to historical facts are subject to risks and uncertainties that may materially affect actual results. Please refer to our press release and corresponding Form 10-Q filing for more detail on factors that could cause actual results to differ materially from any described today in forward-looking statements. Any such statements are made as of today and U.S. Global Investors accepts no obligations to update them in the future.
I would now like to turn the presentation over to Frank Holmes, CEO and CIO for an overview of the first quarter. Frank?
Frank Holmes
Thank you, Terry and welcome everyone. I apologize for the glitches in technology there, and really appreciate your patience in listening and staying on. We're very excited about what's taken place in a financial backdrop that is so disastrous for the marketplace, and with doubt and suspicion everywhere. And we're very thrilled that we grew, in our revenue line as you can see, between '06 and '07, our net income remained flat, and our earnings per share remained flat. We will walk you through this presentation, that's a huge win for us in context. But why did we remain flat? Well, we beefed up. Beefed up the team, and it's very balanced, we beefed up our team, offensive and defensive squad, as we like to call it.
Most importantly, we started off with compliance. We really enhanced our compliance, and that's key in our world, that we must have the best compliance procedures. And then marketing, we added to institutional, and also to retail, and we have this great pool of people today to beef up and extend our reach in the marketing.
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