About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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U.S. Global Investors Announces the Filing of Non-Cash Restatements for Periods Ended June and September 2022, and the Continuation of Dividends and Stock Buybacks

San Antonio, TX, May 24, 2023 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that its restated financial statements for the fiscal year ended June 30, 2022, and the fiscal quarter ended September 30, 2022, have been filed. The Company is working diligently to file its financial statements for the quarter ended December 31, 2022, and then will work on the quarter ended March 31, 2023.

As was noted in a previous press release, these were non-cash restatements of the Company’s consolidated financial statements and related disclosures. The adjustments were related to the correction of fair value of certain investments. No changes or adjustments were made to the Company’s operating revenue or cash flow. Shareholders can read more about non-cash charges by clicking here.

Restated net income for the 12-month period ended June 30, 2022, was $3.8 million, an approximately $1.7 million decrease from what was originally reported, mainly due to an increase in unrealized losses on investments, a non-cash adjustment. Net income per share was $0.25, a decrease of $0.12 from what was originally reported. For the quarter ended September 30, 2022, net income was restated at $107,000, lower than the $118,000 originally stated, with no change reported to net income per share.  

“Restating our results for two separate reporting periods was a lengthy process that I’m glad is now behind us,” says the Company’s CEO and Chief Investment Officer, Frank Holmes. “We look forward to sharing our results for the December 2022 and March 2023 quarters.”

Continuation of Dividends and Stock Buybacks

The Company is also pleased to announce the continuation of monthly dividends and stock buybacks in the fourth fiscal quarter of 2023.

The dividend of $0.0075 per GROW share per month was paid on Monday, May 22. The next record date is June 12, and the next payment date is June 26. At the end of this period, the Company will have paid monthly GROW dividends for more than 13 years. The continuation of future cash dividends will be determined by the Board, at its sole discretion, after review of the Company’s financial performance and other factors, and is dependent on earnings, operations, capital requirements, general financial condition of the Company and general business conditions.

In April 2023, the Company bought back 27,109 shares of its own stock, a 74% increase over the number of shares it repurchased in the same month a year earlier.

In December 2022, the Company’s Board of Directors agreed to modify the Company’s buyback algorithm. The Company may now buy back shares of GROW stock when the price is flat or down from the previous trading day.

About U.S. Global Investors, Inc.

The story of U.S. Global Investors goes back more than 50 years when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides investment advisory services to U.S. Global Investors Funds and U.S. Global ETFs.

To sign up for news and research on a variety of asset classes, from gold to airlines to luxury goods, please click here.

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Joseph Guyer
U.S. Global Investors, Inc.
210.308.1221
jguyer@usfunds.com
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