GEORGE RISK INDUSTRIES, INC. Files Q3 10-Q for Fiscal Year Ending April 30, 2024

TL;DR

<b>GEORGE RISK INDUSTRIES, INC. (RSKIA) filed its Q3 10-Q report for the fiscal year ending April 30, 2024, detailing financial performance up to January 31, 2024.</b>

AI Summary

GEORGE RISK INDUSTRIES, INC. (RSKIA) filed a Quarterly Report (10-Q) with the SEC on March 15, 2024. Filing is a 10-Q for the period ending January 31, 2024. The company's fiscal year ends on April 30. Filed on March 15, 2024. Includes financial data for periods ending January 31, 2024, April 30, 2023, and January 31, 2023. Company is in the Communications Equipment, NEC industry (SIC 3669).

Why It Matters

For investors and stakeholders tracking GEORGE RISK INDUSTRIES, INC., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance data for GEORGE RISK INDUSTRIES, INC., crucial for assessing the company's current operational health and trajectory. Understanding the financial details within this report allows stakeholders to make informed decisions regarding their investment in RSKIA, especially concerning its position within the communications equipment sector.

Risk Assessment

Risk Level: low — GEORGE RISK INDUSTRIES, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not indicate any immediate or significant financial distress or unusual events, suggesting a stable operational status.

Analyst Insight

Monitor future 10-K filings for year-end results and detailed annual performance analysis of GEORGE RISK INDUSTRIES, INC.

Key Numbers

• 2024-01-31 — Period End Date (Conformed period of report)
• 2024-03-15 — Filing Date (Filed as of date)
• 0430 — Fiscal Year End (Company fiscal year end)

Key Players & Entities

• GEORGE RISK INDUSTRIES, INC. (company) — Filer name
• RSKIA (company) — Ticker symbol
• 2024-01-31 (date) — Conformed period of report
• 2024-03-15 (date) — Filed as of date
• 3669 (industry_code) — Standard Industrial Classification

FAQ

Industry Context

GEORGE RISK INDUSTRIES, INC. operates within the Communications Equipment, NEC sector, indicated by its SIC code 3669. This sector involves the manufacturing of communication equipment.

Regulatory Implications

This filing is a standard 10-Q report under the Securities Exchange Act of 1934, requiring public companies to submit quarterly financial information to the SEC.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Compare the reported period's performance against the previous year's Q3 results.
3. Analyze any disclosures related to the company's operations and market position within the communications equipment sector.

Key Dates

• 2024-01-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-03-15: Filing Date — Date the 10-Q report was officially filed with the SEC.
• 2023-04-30: Previous Fiscal Year End — End of the prior fiscal year, providing a comparative baseline.

Year-Over-Year Comparison

This is the Q3 filing for the fiscal year ending April 30, 2024. Specific comparative financial data from previous periods (e.g., Q3 2023) would be detailed within the report itself.

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

Filing Documents

• form10-q.htm (10-Q) — 1146KB
• ex31-1.htm (EX-31.1) — 13KB
• ex32-1.htm (EX-32.1) — 6KB
• 0001493152-24-010042.txt (&nbsp;) — 4459KB
• rskia-20240131.xsd (EX-101.SCH) — 19KB
• rskia-20240131_cal.xml (EX-101.CAL) — 48KB
• rskia-20240131_def.xml (EX-101.DEF) — 77KB
• rskia-20240131_lab.xml (EX-101.LAB) — 210KB
• rskia-20240131_pre.xml (EX-101.PRE) — 155KB
• form10-q_htm.xml (XML) — 849KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended January 31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ________________ Commission File Number: 000-05378 GEORGE RISK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Colorado 84-0524756 (State of incorporation) (IRS Employers Identification No.) 802 S. Elm St. , Kimball , NE 69145 (Address of principal executive offices) (Zip Code) (308) 235-4645 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.10 par value RSKIA OTC Markets Convertible Preferred Stock, $20 stated value RSKIA OTC Markets Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No APPLICABLE ONLY TO CORPORATE ISSUERS: The number of shares of the Registrant's Common Stock outstanding, as of March 15, 2024, was 4,898,830 . GEORGE RISK INDUSTRIES, INC. PART I. FINANCIAL INFORMATION Item 1. Financial Statements The unaudited financial statements for the three- and nine-month period ended January 31, 2024, are attached hereto. 2 GEORGE RISK INDUSTRIES, INC. CONDENSED BALANCE SHEETS January 31, 2024 April 30, 2023 (unaudited) ASSETS Current Assets: Cash and cash equivalents $ 5,371,000 $ 4,943,000 Investments and securities 33,593,000 31,363,000 Accounts receivable: Trade, net of allowance for credit losses of $ 14,864 and $ 17,922 4,059,000 3,503,000 Other 38,000 59,000 Income tax overpayment 315,000 403,000 Inventories, net 12,088,000 11,443,000 Prepaid expenses 219,000 651,000 Total Current Assets 55,683,000 52,365,000 Property and Equipment, net, at cost 1,987,000 1,997,000 Other Assets Investment in Limited Land Partnership, at cost 332,000 344,000 Projects in process 13,000 83,000 Other — 13,000 Total Other Assets 345,000 440,000 Intangible Assets, net 1,058,000 1,149,000 TOTAL ASSETS $ 59,073,000 $ 55,951,000 See accompanying notes to the unaudited condensed financial statements. 3 GEORGE RISK INDUSTRIES, INC. CONDENSED BALANCE SHEETS (continued) January 31, 2024 April 30, 2023 (unaudited) LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable, trade $ 382,000 $ 546,000 Dividends payable 2,854,000 2,565,000 Deferred income 38,000 43,000 Accrued expenses 547,000 421,000 Total Current Liabilities 3,821,000 3,575,000 Long-Term Liabilities Deferred income taxes 2,542,000 1,727,000 Total Long-Term Liabilities 2,542,000 1,727,000 Total Liabilities 6,363,000 5,302,000 Commitments and Contingencies — — Stockholders' Equity Convertible preferred stock, 1,000,000 shares authorized, Series 1—noncumulative, $ 20 stated value, 25,000 shares authorized, 4,100 issued and outstanding 99,000 99,000 Common stock, Class A, $ .10 par value, 10,000,000 shares authorized, 8,502,881 shares issued and outstanding 850,000 850,000 Additional paid-in capital 1,934,000 1,934,000 Accumulated other comprehensive income ( 91,000 ) ( 161,000 ) Retained earnings 54,836,000 52,481,000 Less: treasury stock, 3,604,051 and 3,572,338 shares, at cost ( 4,918,000 ) ( 4,554,0

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