EMERSON RADIO CORP
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 14, 2024
MSN$0.29-0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| PART I — FINANCIAL INFORMATION | |
|---|---|
| Item 1. Financial Statements | 3 |
| Condensed Consolidated Statements of Operations for the three and six months ended September 30, 2024, and 2023 (unaudited) | 3 |
| Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited), and March 31, 2024 | 4 |
| Condensed Consolidated Statements of Cash Flow for the six months ended September 30, 2024 and 2023 (unaudited) | 5 |
| Condensed Consolidated Statements of Shareholders' Equity for the three and six months ended September 30, 2024 and 2023 (unaudited) | 6 |
| Notes to the Condensed Consolidated Financial Statements | 7 |
| Item 2. Management’s Discussion and Analysis of Results of Operations and Financial Condition | 14 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 19 |
| Item 4. Controls and Procedures | 19 |
| PART II — OTHER INFORMATION | 20 |
| Item 1. Legal Proceedings | 20 |
| Item 1A. Risk Factors | 20 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 20 |
| Item 3. Defaults Upon Senior Securities | 20 |
| Item 4. Mine Safety Disclosure | 20 |
| Item 5. Other Information | 20 |
| Item 6. Exhibits | 20 |
| SIGNATURES | 21 |
PART I—** FINANCIAL INFORMATION**
Item 1. Financial Statements.
EMERSON RADIO CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Three Months Ended September 30, | Six Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues: | ||||
| Net product sales | $2,670 | $2,414 | $4,799 | $4,146 |
| Licensing revenue | 68 | 24 | 137 | 101 |
| Net revenues | 2,738 | 2,438 | 4,936 | 4,247 |
| Costs and expenses: | ||||
| Cost of sales | 2,466 | 2,040 | 4,470 | 3,510 |
| Selling, general and administrative expenses | 1,389 | 1,064 | 2,805 | 2,262 |
| Total cost of sales and SG&A | 3,855 | 3,104 | 7,275 | 5,772 |
| Operating loss | (1,117) | (666) | (2,339) | (1,525) |
| Other income: | ||||
| Settlement of litigation | — | 3,100 | — | 3,100 |
| Interest income, net | 236 | 289 | 499 | 583 |
| (Loss) income before income taxes | (881) | 2,723 | (1,840) | 2,158 |
| Provision for income tax expense | — | 88 | 3 | 88 |
| Net (loss) income | (881) | 2,635 | (1,843) | 2,070 |
| Basic (loss) income per share | $(0.04) | $0.13 | $(0.09) | $0.10 |
| Diluted (loss) income per share | $(0.04) | $0.13 | $(0.09) | $0.10 |
| Weighted average shares outstanding | ||||
| Basic | 21,042,652 | 21,042,652 | 21,042,652 | 21,042,652 |
| Diluted | 21,042,652 | 21,042,652 | 21,042,652 | 21,042,652 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.