Scott's Liquid Gold Files Q2 2024 10-Q

TL;DR

SLGD Q2 10-Q filed. Financials out.

AI Summary

Scott's Liquid Gold, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates. Key information includes the company's fiscal year end of December 31 and its principal business in perfumes, cosmetics & other toilet preparations.

Why It Matters

This filing provides investors with the latest financial snapshot of Scott's Liquid Gold, Inc., crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• 1231 — Fiscal Year End (Indicates when the company's financial year concludes.)

Key Players & Entities

• Scott's Liquid Gold - Inc. (company) — Filer
• 20240630 (date) — Reporting period end date
• 20240801 (date) — Filing date
• PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] (industry) — Standard Industrial Classification
• DENVER (location) — Company headquarters city
• CO (location) — Company incorporation state

FAQ

Key Financial Figures

• $0.10 — 13,011,545 shares of its common stock, $0.10 par value per share, outstanding. CAU

Filing Documents

• slgd-20240630.htm (10-Q) — 1196KB
• slgd-ex31_1.htm (EX-31.1) — 12KB
• slgd-ex32_1.htm (EX-32.1) — 7KB
• 0000950170-24-089245.txt ( ) — 5165KB
• slgd-20240630.xsd (EX-101.SCH) — 750KB
• slgd-20240630_htm.xml (XML) — 892KB

Financial Statements

Financial Statements 1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3. Qualitative and Quantitative Disclosure About Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16 PART II Item 1A.

Risk Factors

Risk Factors 18 Item 6. Exhibits 18 P ART I

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS . SCOTT'S LIQUID GOLD-INC. & SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net sales $ 718 $ 849 $ 1,577 $ 1,701 Cost of sales 376 466 877 953 Gross profit 342 383 700 748 Operating expenses: Advertising 22 111 39 220 Selling 172 482 360 888 General and administrative 634 629 1,308 1,251 Intangible asset amortization - 45 - 90 Total operating expenses 828 1,267 1,707 2,449 Loss from operations ( 486 ) ( 884 ) ( 1,007 ) ( 1,701 ) Interest income 40 - 69 - Interest expense - 39 - ( 113 ) Loss before income taxes and discontinued operations ( 446 ) ( 845 ) ( 938 ) ( 1,814 ) Income tax expense ( 4 ) ( 6 ) ( 4 ) ( 2 ) Loss from continuing operations ( 450 ) ( 851 ) ( 942 ) ( 1,816 ) Income from discontinued operations - 398 - 1,732 Net loss $ ( 450 ) $ ( 453 ) $ ( 942 ) $ ( 84 ) Basic and diluted net loss per common shares: Loss from continuing operations $ ( 0.03 ) $ ( 0.07 ) $ ( 0.07 ) $ ( 0.14 ) Income from discontinued operations $ - $ 0.03 $ - $ 0.14 Net loss $ ( 0.03 ) $ ( 0.04 ) $ ( 0.07 ) $ - Weighted average shares outstanding: Basic and diluted 13,009 12,908 13,007 12,853 See accompanying notes to these Condensed Consolidated Financial Statements. 1 SCOTT'S LIQUID GOLD-INC. & SUBSIDIARIES Condensed Consolidated Balance Sheets (in thousands, except par value amounts) June 30, December 31, 2024 2023 (Unaudited) Assets Current assets: Cash $ 2,916 $ 3,677 Restricted cash - 250 Accounts receivable, net 260 307 Due from buyers 38 14

View Full Filing

View this 10-Q filing on SEC EDGAR