FRMO Corp. Announces Fiscal 2025 First Quarter Results and Conference Call
FRMO CORP (FRMO)
NASDAQ:AMEX Investor Relations:
frmocorp.com
Company Research
Source: Business Wire
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--FRMO Corp. (the “Company” or “FRMO”) (OTC Pink: FRMO) today reported its financial results for the 2025 first quarter ended August 31, 2024.Financial HighlightsFRMO’s total book value as of August 31, 2024 was $503.1 million ($11.43 per share on a fully diluted basis), including $226.6 million of non-controlling interests. Excluding the non-controlling interests, book value was $276.6 million ($6.28 per share). This compares with total book value at the prior fiscal year end on May 31, 2024 of $403.3 million ($9.16 per share), including $161.1 million of non-controlling interests. Excluding the non-controlling interests, book value was $242.1 million ($5.50 per share).Current assets, comprised primarily of cash and equivalents and equity securities, amounted to $366.0 million as of August 31, 2024, and $276.1 million as of May 31, 2024. Total liabilities were $45.2 million as of August 31, 2024, and $35.9 million as of May 31, 2024, comprised p
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