RICHARDSON ELECTRONICS LTD
For the period ended Nov 30, 2024. Filed Jan 10, 2025.
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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.
Nov 30, 2024 · Filed Jan 10, 2025
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 | |||
|---|---|---|---|---|
| November 30, 2024 | December 2, 2023 | November 30, 2024 | December 2, 2023 | |
| Net sales | $49,491 | $44,130 | $103,216 | $96,711 |
| Cost of sales, exclusive of depreciation and amortization | 34,165 | 31,588 | 71,464 | 66,905 |
| Gross profit | 15,326 | 12,542 | 31,752 | 29,806 |
| Selling, general and administrative expenses, inclusive of depreciation and amortization | 15,995 | 14,488 | 32,107 | 30,280 |
| (Gain) loss on disposal of assets | (2) | 70 | (4) | 70 |
| Operating loss | (667) | (2,016) | (351) | (544) |
| Other expense (income): | ||||
| Interest income | (45) | (86) | (103) | (157) |
| Foreign exchange loss | 437 | 343 | 160 | 246 |
| Other, net | (4) | 18 | (1) | 50 |
| Total other expense | 388 | 275 | 56 | 139 |
| Loss before income taxes | (1,055) | (2,291) | (407) | (683) |
| Income tax benefit | (304) | (494) | (246) | (113) |
| Net loss | (751) | (1,797) | (161) | (570) |
| Foreign currency translation (loss) gain, net of tax | (1,748) | 631 | (1,112) | 590 |
| Comprehensive (loss) income | $(2,499) | $(1,166) | $(1,273) | $20 |
| Net loss per share: | ||||
| Common shares - Basic | $(0.05) | $(0.13) | $(0.01) | $(0.04) |
| Class B common shares - Basic | (0.05) | (0.12) | (0.01) | (0.04) |
| Common shares - Diluted | (0.05) | (0.13) | (0.01) | (0.04) |
| Class B common shares - Diluted | (0.05) | (0.12) | (0.01) | (0.04) |
| Weighted average number of shares: | ||||
| Common shares – Basic | 12,315 | 12,226 | 12,258 | 12,198 |
| Class B common shares – Basic | 2,049 | 2,052 | 2,049 | 2,052 |
| Common shares – Diluted | 12,315 | 12,226 | 12,258 | 12,198 |
| Class B common shares – Diluted | 2,049 | 2,052 | 2,049 | 2,052 |
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