MSN
Emerson Radio Corp.0.3953
+0.0037+0.95%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
8.32MP/E (TTM)
-Basic EPS (TTM)
-0.23Dividend Yield
0%Recent Filings
10-Q
10-Q
Q1 FY2026 results
Emerson Radio's Q1 FY2026 net revenues fell 23.8% y/y to $1.7M, driven by a 25.4% drop in product sales to $1.6M after Walmart discontinued a clock radio, yet houseware sales rose 29.5% y/y to $1.4M from new microwave models; licensing revenue climbed 24.6% y/y to $86K on higher minimum royalties. Operating loss widened 7.0% y/y to $1.3M, with gross margin improving to -0.6% from -8.8% (derived), but SG&A held steady at 78.8% of revenues amid lower legal fees offset by higher compensation. Diluted EPS of -$0.05 matched y/y, confirmed against 21.0M shares with no dilution. Cash equivalents grew q/q to $1.7M, bolstered by $983K from short-term investment sales, while operating cash used $514K and total debt remains negligible at $6K in leases; inventory built $318K q/q to $5.2M. Customer concentration risks loom large, with three buyers claiming 65% of sales.
10-K
FY2025 results
Emerson Radio's FY2025 net revenues climbed 18.9% y/y to $10.8M, propelled by a 90.5% surge in houseware sales to $5.6M—largely microwaves—while audio dipped 15.3% to $4.9M amid softer clock radio demand; licensing added $336K, up 54.1%, but no royalty income followed FY2024's $175K windfall. Operating loss widened to $5.6M from $3.4M, with SG&A ballooning 31.3% to $6.5M on higher bad debt, compensation, and legal costs, while gross margins compressed from product mix shifts. Q4 momentum faltered as inventory drew down $2.1M y/y to $4.9M, signaling cautious demand amid tariffs, yet cash generation improved with operating outflows shrinking to $3.6M. No dividends or buybacks; liquidity holds at $1.2M cash plus $14.9M short-term investments. Tariffs on China imports could squeeze quarterly margins further.
8-K
Annual meeting results approved
Emerson Radio Corp. held its annual stockholders' meeting on March 20, 2025, with 87% of shares represented. All four director nominees—Christopher Ho, Michael Binney, Kareem E. Sethi, and Kin Yuen—were elected, while Grassi & Co. was ratified as auditors for fiscal 2025. Stockholders approved executive compensation and a one-year frequency for future say-on-pay votes. Strong support signals board stability amid routine governance.
10-Q
Q3 FY2025 results
Emerson Radio's net revenues climbed 52.7% year-over-year to $4.0M in Q3 FY2025 ended December 31, 2024, fueled by a 239.8% surge in houseware sales to $2.1M from new microwave models, though audio products dipped 9.9% to $1.8M; licensing revenue more than quadrupled to $111K on new deals. Gross margins held steady at 12.3% despite higher costs from inventory carrying and product mix, while SG&A edged up slightly to $1.2M but fell to 30.6% of revenues from 45.8%. Operating loss widened marginally to $733K, with net loss at $527K or $(0.03) per diluted share on 21.0M shares, consistent with YTD trends absent last year's $3.1M litigation gain. Cash dwindled to $0.7M after $15.8M shifted to short-term investments, yielding $705K interest YTD, but free cash flow isn't disclosed in the 10-Q. Customer concentration risks loom large, with Amazon, Walmart, and Big Lots driving 92% of Q3 sales.
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