RICHARDSON ELECTRONICS LTD
For the period ended Dec 2, 2023. Filed Jan 11, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 2, 2023 · Filed Jan 11, 2024
RELL$19.27-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Comprehensive (Loss) Income
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| December 2, 2023 | November 26, 2022 | December 2, 2023 | November 26, 2022 | |
| Net sales | $44,130 | $65,905 | $96,711 | $133,462 |
| Cost of sales | 31,588 | 44,054 | 66,905 | 88,584 |
| Gross profit | 12,542 | 21,851 | 29,806 | 44,878 |
| Selling, general and administrative expenses | 14,488 | 14,677 | 30,280 | 28,925 |
| Loss (gain) on disposal of assets | 70 | (25) | 70 | (25) |
| Operating (loss) income | (2,016) | 7,199 | (544) | 15,978 |
| Other expense (income): | ||||
| Investment/interest income | (86) | (78) | (157) | (103) |
| Foreign exchange loss | 343 | 223 | 246 | 597 |
| Other, net | 18 | (13) | 50 | (15) |
| Total other expense | 275 | 132 | 139 | 479 |
| (Loss) income before income taxes | (2,291) | 7,067 | (683) | 15,499 |
| Income tax (benefit) provision | (494) | 1,518 | (113) | 3,626 |
| Net (loss) income | (1,797) | 5,549 | (570) | 11,873 |
| Foreign currency translation gain (loss), net of tax | 631 | 976 | 590 | (1,339) |
| Comprehensive (loss) income | $(1,166) | $6,525 | $20 | $10,534 |
| Net (loss) income per share: | ||||
| Common shares - Basic | $(0.13) | $0.40 | $(0.04) | $0.87 |
| Class B common shares - Basic | (0.12) | 0.36 | (0.04) | 0.78 |
| Common shares - Diluted | (0.13) | 0.39 | (0.04) | 0.83 |
| Class B common shares - Diluted | (0.12) | 0.35 | (0.04) | 0.75 |
| Weighted average number of shares: | ||||
| Common shares – Basic | 12,226 | 11,918 | 12,198 | 11,816 |
| Class B common shares – Basic | 2,052 | 2,053 | 2,052 | 2,053 |
| Common shares – Diluted | 12,226 | 12,535 | 12,198 | 12,442 |
| Class B common shares – Diluted | 2,052 | 2,053 | 2,052 | 2,053 |
| Dividends per share: | ||||
| Common share | $0.060 | $0.060 | $0.120 | $0.120 |
| Class B common share | 0.054 | 0.054 | 0.108 | 0.108 |
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