EMERSON RADIO CORP MSN
Emerson Radio Corp. was incorporated in Delaware in 1994. The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis for a variety of products.
The Company, directly and through its subsidiaries, designs, sources, imports, markets, sells and licenses to certain licensees a variety of houseware and consumer electronic products, both domestically and internationally, under the Emerson® brand name.
an infrastructure with personnel experienced in servicing and providing logistical support to the domestic mass merchant distribution channel, or supervising third-party logistics providers in providing same; and
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3M | $10.8M | $9.1M | $7.2M | $8.2M | $7.4M | $6.3M | $9.0M | $15.0M | $21.3M |
| Cost of revenue | $6.2M | $9.9M | $7.5M | $5.1M | $6.2M | $5.7M | $5.1M | $8.8M | $13.9M | $16.3M |
| Gross profit | $94.0K | $901.0K | $1.6M | $2.1M | $2.0M | $1.7M | $1.1M | $195.0K | $1.1M | $5.0M |
| SG&A | $5.0M | $6.5M | $5.0M | $4.2M | $5.4M | $5.9M | $5.8M | $3.8M | $4.9M | $5.1M |
| Total operating expenses | $11.2M | $16.4M | $12.5M | $9.3M | $11.6M | $11.7M | $10.9M | $12.6M | $18.9M | $21.6M |
| Operating income | -$4.9M | -$5.6M | -$3.4M | -$2.1M | -$3.4M | -$4.2M | -$4.6M | -$3.6M | -$3.9M | -$326.0K |
| Interest expense | $570.0K | $887.0K | $1.2M | $10.0K | $11.0K | $7.0K | $776.0K | $859.0K | $4.0K | $2.0K |
| Pre-tax income | -$4.3M | -$4.7M | $856.0K | -$1.4M | -$3.6M | -$4.0M | -$3.9M | -$2.8M | -$3.4M | -$65.0K |
| Income tax | $0 | $3.0K | $90.0K | $0 | $0 | $15.0K | $457.0K | $352.0K | $3.5M | $172.0K |
| Net income | -$4.3M | -$4.7M | $766.0K | -$1.4M | -$3.6M | -$4.0M | -$4.3M | -$2.4M | -$6.9M | -$237.0K |
| EPS, basic | -0.20 | -0.22 | 0.04 | -0.06 | -0.17 | -0.19 | -0.20 | -0.11 | -0.27 | -0.01 |
| EPS, diluted | -0.20 | -0.22 | 0.04 | -0.06 | -0.17 | -0.19 | -0.20 | -0.11 | -0.27 | -0.01 |
| Shares, diluted (wtd. avg.) | $21.0M | $21.0M | $21.0M | $21.0M | $21.0M | $21.0M | $21.0M | $21.9M | $25.3M | $27.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.2M | $1.2M | $19.9M | $25.3M | $25.6M | $5.2M | $6.3M | $7.9M | $25.1M | $27.5M |
| Short-term investments | $3.1M | $14.9M | $0 | $0 | $0 | $25.0M | $28.1M | $28.4M | $16.0M | $25.1M |
| Receivables | $1.3M | $1.5M | $1.3M | $1.2M | $1.3M | $691.0K | $484.0K | $604.0K | $1.9M | $1.2M |
| Total current assets | $18.1M | $22.8M | $28.6M | $31.1M | $29.5M | $33.6M | $37.4M | $41.3M | $47.1M | $56.9M |
| Property, plant and equipment | $129.0K | $211.0K | $95.0K | $1.0K | $2.0K | — | $4.0K | $6.0K | $14.0K | $18.0K |
| Total assets | $18.6M | $23.5M | $29.1M | $31.4M | $30.0M | $33.9M | $37.9M | $41.9M | $47.8M | $57.8M |
| Total current liabilities | $1.3M | $1.7M | $2.0M | $4.6M | $1.4M | $1.5M | $1.2M | $960.0K | $1.1M | $921.0K |
| Total liabilities | $1.4M | $2.0M | $2.8M | $5.9M | $3.2M | $3.5M | $3.5M | $3.1M | $4.0M | $921.0K |
| Retained earnings | -$33.2M | -$28.9M | -$24.2M | -$25.0M | -$23.6M | -$20.0M | -$16.0M | -$11.7M | -$9.3M | -$2.4M |
| Total equity | $17.2M | $21.5M | $26.2M | $25.5M | $26.8M | $30.4M | $34.4M | $38.7M | $43.8M | $56.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.7M | -$3.6M | -$5.3M | -$306.0K | -$4.7M | -$4.3M | -$1.9M | -$2.2M | -$5.2M | $1.9M |
| Depreciation and amortisation | $82.0K | $79.0K | $25.0K | $1.0K | $0 | $2.0K | $2.0K | $5.0K | $8.0K | $16.0K |
| Capital expenditure | $0 | $195.0K | $119.0K | $0 | $2.0K | — | — | — | $4.0K | $5.0K |
| Investing cash flow | $11.7M | -$15.1M | -$119.0K | $0 | $25.0M | $3.1M | $270.0K | -$12.4M | $9.1M | -$4.4M |
| Financing cash flow | -$1.0K | $6.0K | -$1.0K | -$2.0K | $0 | $204.0K | — | -$2.6M | -$6.3M | -$66.0K |
| Buybacks | — | — | — | — | — | — | — | $2.6M | $6.3M | $66.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-021828.
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