George Risk Industries Navigates Capital Shifts, Operational Investments

TL;DR

**RSKIA's capital adjustments and operational investments signal a cautious, but potentially strategic, repositioning; watch for future revenue impacts.**

AI Summary

GEORGE RISK INDUSTRIES, INC. (RSKIA) reported its 10-K filing for the fiscal year ended April 30, 2025. The filing indicates changes in its capital structure, with specific details on Class A Common Stock and Convertible Preferred Stock. While exact revenue and net income figures are not explicitly detailed in the provided snippet, the company's financial position shows adjustments in Additional Paid-In Capital, Treasury Stock, Accumulated Other Comprehensive Income, and Retained Earnings between April 30, 2024, and April 30, 2025. The company also disclosed a non-compete agreement for the period of May 1, 2024, to April 30, 2025, and mentioned activities related to Winter Park, Grand County, CO, in November 2002 and January and July 2024. The filing also references 'Dies, Jigs, and Molds' with minimum and maximum values as of April 30, 2025, suggesting ongoing operational investments.

Why It Matters

For investors, RSKIA's capital structure adjustments, including changes in Class A Common Stock and Convertible Preferred Stock, signal potential shifts in shareholder value and control. The mention of a non-compete agreement and investments in 'Dies, Jigs, and Molds' suggests ongoing operational strategies and potential competitive positioning within the communications equipment sector. Employees might see stability or changes in operational focus based on these investments. Customers could benefit from improved product development if the 'Dies, Jigs, and Molds' investments lead to enhanced manufacturing capabilities, impacting RSKIA's competitive standing against rivals like Honeywell or Bosch in the security and communications equipment market.

Risk Assessment

Risk Level: medium — The risk level is medium due to the lack of explicit revenue and net income figures in the provided snippet, making it difficult to assess the company's financial performance comprehensively. While capital structure changes are noted, without specific financial results, investors face uncertainty regarding the impact of these changes on profitability and solvency. The mention of a non-compete agreement and investments in 'Dies, Jigs, and Molds' suggests ongoing operational activities, but their financial implications are not quantified.

Analyst Insight

Investors should seek the full 10-K filing to analyze specific revenue, net income, and cash flow statements to understand the financial health of GEORGE RISK INDUSTRIES, INC. Focus on the impact of capital structure changes on earnings per share and dividend policy, and evaluate the long-term strategic implications of the operational investments mentioned.

Financial Highlights

debt To Equity

X.X

revenue

$X

operating Margin

X%

total Assets

$X

total Debt

$X

net Income

$X

eps

$X

gross Margin

X%

cash Position

$X

revenue Growth

+X%

Key Numbers

• 2025-04-30 — Fiscal Year End Date (The period covered by the 10-K filing.)
• 2025-08-12 — Filing Date (The date the 10-K was filed with the SEC.)
• 0000084112 — Central Index Key (CIK) (Unique identifier for GEORGE RISK INDUSTRIES, INC. with the SEC.)
• 3669 — SIC Code (Standard Industrial Classification for Communications Equipment, NEC.)
• 000-05378 — SEC File Number (The SEC file number for GEORGE RISK INDUSTRIES, INC.)
• 2002-11-01 — Winter Park Activity Start Date (Beginning of a period of activity in Winter Park, Grand County, CO.)
• 2002-11-30 — Winter Park Activity End Date (End of a period of activity in Winter Park, Grand County, CO.)
• 2024-05-01 — Non-Compete Agreement Start Date (Beginning of the non-compete agreement period.)
• 2025-04-30 — Non-Compete Agreement End Date (End of the non-compete agreement period.)
• 2024-01-01 — Winter Park Activity Date (Specific month of activity in Winter Park, Grand County, CO.)

Key Players & Entities

• GEORGE RISK INDUSTRIES, INC. (company) — filer of the 10-K
• RSKIA (company) — ticker symbol
• Winter Park, Grand County, CO (location) — site of mentioned activities in 2002 and 2024
• Class A Common Stock (dollar_amount) — type of equity mentioned in capital structure
• Convertible Preferred Stock (dollar_amount) — type of equity mentioned in capital structure
• Additional Paid-In Capital (dollar_amount) — component of equity
• Treasury Stock (dollar_amount) — component of equity
• Accumulated Other Comprehensive Income (dollar_amount) — component of equity
• Retained Earnings (dollar_amount) — component of equity
• Dies, Jigs, and Molds (dollar_amount) — operational investments

FAQ

Risk Factors

• Dies, Jigs, and Molds Investment [medium — operational]: The company's 10-K filing references 'Dies, Jigs, and Molds' with both minimum and maximum values as of April 30, 2025. This indicates ongoing investment in essential manufacturing tooling, which is critical for production continuity and quality. Fluctuations or significant capital allocation to these assets could impact operational flexibility and future product development.
• Non-Compete Agreement [low — legal]: A non-compete agreement was in effect for the period of May 1, 2024, to April 30, 2025. Such agreements can restrict business activities and partnerships, potentially limiting growth opportunities or market reach. The specific terms and parties involved are crucial for understanding its full impact.

Industry Context

GEORGE RISK INDUSTRIES, INC. operates within the Communications Equipment, NEC (SIC 3669) industry. This sector is characterized by rapid technological advancements, intense competition, and evolving regulatory landscapes. Companies in this space often require significant R&D investment and robust supply chains to maintain market share and introduce innovative products.

Regulatory Implications

As a publicly traded company, GEORGE RISK INDUSTRIES, INC. is subject to SEC regulations and reporting requirements, including the timely filing of its 10-K. Compliance with accounting standards and disclosure rules is paramount. Any potential violations or misstatements could lead to investigations, fines, and reputational damage.

What Investors Should Do

1. Analyze Capital Structure Changes
2. Investigate 'Dies, Jigs, and Molds' Investments
3. Clarify Non-Compete Agreement Impact

Key Dates

• 2025-04-30: Fiscal Year End — Marks the end of the reporting period for the 10-K filing, providing a snapshot of the company's financial position and performance.
• 2025-08-12: 10-K Filing Date — The date the annual report was officially submitted to the SEC, making detailed financial information publicly available.
• 2024-05-01: Non-Compete Agreement Start Date — Beginning of the period covered by a non-compete agreement, which could influence business operations and strategic decisions.
• 2025-04-30: Non-Compete Agreement End Date — End of the period covered by the non-compete agreement, potentially allowing for new business activities or partnerships.
• 2002-11-01: Winter Park Activity Start Date — Indicates a historical period of activity related to Winter Park, Grand County, CO, the relevance of which is not fully detailed in the snippet.
• 2024-01-01: Winter Park Activity Date — Specific mention of activity in Winter Park, Grand County, CO, during January 2024, alongside other dates in 2024 and 2002.

Glossary

Class A Common Stock

A class of common stock that may have different voting rights or dividend preferences compared to other classes of common stock. (The filing details changes related to this stock, impacting the company's equity structure.)

Convertible Preferred Stock

A type of preferred stock that can be converted into a predetermined amount of common stock, usually at the option of the shareholder. (Changes in this stock category are noted, affecting the potential dilution and capital structure.)

Additional Paid-In Capital

The amount of capital raised by a company from the issuance of stock above its par or stated value. (This account shows adjustments, reflecting changes in equity from stock transactions.)

Treasury Stock

Stock that a company has repurchased from the open market. (Changes in treasury stock indicate share buybacks or other equity repurchases, affecting outstanding shares.)

Accumulated Other Comprehensive Income

A component of shareholders' equity that includes unrealized gains and losses on certain investments and foreign currency translations. (Adjustments here reflect non-operating gains or losses that impact overall equity.)

Retained Earnings

The cumulative amount of net income that a company has retained over time, after paying dividends. (Changes in retained earnings reflect the company's profitability and dividend policy.)

Dies, Jigs, and Molds

Essential tooling and equipment used in manufacturing processes for creating specific parts or products. (The filing notes minimum and maximum values for these assets, indicating their importance and investment level.)

Year-Over-Year Comparison

The provided snippet focuses on the current fiscal year ending April 30, 2025, and does not contain comparative data from the previous year's 10-K. Therefore, a direct comparison of key metrics like revenue growth, margin changes, or the emergence of new risks cannot be made based on this information alone.

Key Financial Figures

• $0.10 — hich registered Class A Common Stock, $0.10 par value RSKIA OTC Markets Conve
• $20 — Markets Convertible Preferred Stock, $20 stated value RSKIA OTC Markets In
• $1.00 — On September 30, 2024, a dividend of $1.00 per common share was declared for the f
• $0.65 — or the prior fiscal year, a dividend of $0.65 per common share was declared on Septem
• $641,000 — ces Operating Net cash decreased by $641,000 during the year ended April 30, 2025, c
• $2,169,000 — il 30, 2025, compared to an increase of $2,169,000 during the year ended April 30, 2024. A
• $768,000 — 2024. Accounts receivable increased by $768,000 during the current fiscal year compared
• $417,000 — g the current fiscal year compared to a $417,000 increase in the prior fiscal year. The
• $773,000 — il 30, 2024. Inventories decreased by $773,000 for the year ended April 30, 2025, comp
• $93,000 — il 30, 2025, compared to an increase of $93,000 for the year ended April 30, 2024. The
• $196,000 — expenses and other assets increased by $196,000 during the year ended April 30, 2025, c
• $418,000 — ril 30, 2025, compared to a decrease of $418,000 for the prior year. The current fiscal
• $10,000 — 30, 2025, accounts payable increased by $10,000 compared to a decrease of $254,000 for
• $254,000 — ed by $10,000 compared to a decrease of $254,000 for the year ended April 30, 2024. This
• $34,000 — production. Accrued expenses increased $34,000 for the year ended April 30, 2025, comp

Filing Documents

• form10-k.htm (10-K) — 983KB
• ex31-1.htm (EX-31.1) — 9KB
• ex32-1.htm (EX-32.1) — 5KB
• form10-k_001.jpg (GRAPHIC) — 64KB
• 0001641172-25-023170.txt ( ) — 5461KB
• rskia-20250430.xsd (EX-101.SCH) — 33KB
• rskia-20250430_cal.xml (EX-101.CAL) — 71KB
• rskia-20250430_def.xml (EX-101.DEF) — 123KB
• rskia-20250430_lab.xml (EX-101.LAB) — 372KB
• rskia-20250430_pre.xml (EX-101.PRE) — 276KB
• form10-k_htm.xml (XML) — 795KB

Business

Business Development George Risk Industries, Inc. ("GRI" or the "Company") was incorporated in 1967 in Colorado. The Company is presently engaged in the design, manufacture, and sale of custom computer keyboards, proximity switches, security alarm components and systems, pool access alarms, EZ Duct wire covers, water sensors, electronic switching devices, high security switches and cable and wire installation tools. Products, Market, and Distribution The Company designs, manufactures, and sells computer keyboards, proximity switches, security alarm components and systems, pool access alarms, water sensors, electronic switching devices, high security switches, and wire and cable installation tools. The Security sales division, which concentrates on selling products for security purposes, comprises approximately 96.0% of net revenues and these goods are sold to distributors and alarm dealers/installers. The security division has approximately 1,000 current customers. One of the distributors, Ademco, Inc. (previously known as ADI), accounts for approximately 38.6% of the Company's sales of these products. Anixter, Inc. accounts for another 22.4% of the security division of the Company sales. The loss of these distributors would be significant to the Company. However, both companies have purchased products from the Company for many years and are expected to continue. The Company also has a written agreement with Ademco. This agreement was signed in February 2011 and was initiated by the customer. The contents of the agreement include product terms, purchasing, payment terms, term and termination, product marketing, representations and warranties, product support, mutual confidentiality, indemnification and insurance, and general provisions. 2 The keyboard and proximity switch division has approximately 300 customers. These products are primarily sold to original equipment manufacturers to their specifications and to distributors of off-the-shelf keyboards of

financial statements for further information

financial statements for further information. Financing Cash used in financing activities consists of declared dividends and the repurchase of the Company's Class A common Stock. For the year ended April 30, 2025, $4,447,000 was spent on the payment of dividends. The Company declared a dividend of $1.00 per share of common stock on September 30, 2024, for the current fiscal year, while a $0.65 per share of common stock dividend was declared on September 30, 2023 and issued in the prior fiscal year. The Company continues to purchase back its Class A common stock when the opportunity arises. For the year ended April 30, 2025, the Company purchased $72,000 of treasury stock and $391,000 was bought back for the year ended April 30, 2024. In an effort to repurchase its Class A Common Stock, the Company has been actively searching for stockholders that have been "lost" over the years. 7 As of April 30, 2025, working capital showed a year-over -year increase of 4.68%. The Company measures liquidity using the quick ratio, which is the ratio of cash, securities and accounts receivables to current obligations. The Company's quick ratio decreased to 11.252 for the year ended April 30, 2025, compared to 12.118 for the year ended April 30, 2024. Results of Operations The following table summarizes key income statement components, by product line and corporate, for the three months ended April 30, 2025 and the years ended April 30, 2025 and 2024: Quarter ended Year ended Year ended April 30, April 30, April 30, 2025 2025 2024 (Unaudited) Revenue: Security alarm products $ 5,537,000 $ 20,080,000 $ 19,630,000 Cable & wiring tools 386,000 1,478,000 1,484,000 Other products 309,000 980,000 653,000 Total revenue $ 6,232,000 $ 22,538,000 $ 21,767,000 Cost of goods sold: Security alarm products $ 2,913,000 $ 10,360,000 $ 9,853,000 Cable & wiring tools 203,000 762,000 745,000 Other products 163,000 506,000 328,000 Total c

View Full Filing

View this 10-K filing on SEC EDGAR