Tandy Leather Factory Inc. Files Q2 2024 10-Q

TL;DR

TANDY LEATHER FACTORY INC (DIY) FILED 10-Q FOR Q2 2024. CHECK FINANCIALS.

AI Summary

Tandy Leather Factory Inc. filed its 10-Q for the period ending June 30, 2024. The company, headquartered in Fort Worth, TX, reported its financial performance for the second quarter of 2024. Specific financial details and operational updates are contained within this filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for Tandy Leather Factory, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — The company operates in a niche market and its financial performance can be sensitive to economic fluctuations and consumer spending trends.

Key Numbers

• N/A — Revenue (Specific revenue figures for Q2 2024 are not directly extractable from the provided header information.)
• N/A — Net Income (Specific net income figures for Q2 2024 are not directly extractable from the provided header information.)
• N/A — Total Assets (Specific total asset figures as of June 30, 2024, are not directly extractable from the provided header information.)

Key Players & Entities

• TANDY LEATHER FACTORY INC (company) — Filer of the 10-Q
• FT WORTH (location) — Company headquarters city
• 20240630 (date) — End of reporting period
• 20240807 (date) — Filing date

FAQ

Key Financial Figures

• $0.0024 — ch registered Common Stock, par value $0.0024 TLF The Nasdaq Capital Market Ind

Filing Documents

• ef20030083_10q.htm (10-Q) — 878KB
• ef20030083_ex31-1.htm (EX-31.1) — 11KB
• ef20030083_ex32-1.htm (EX-32.1) — 5KB
• image00001.jpg (GRAPHIC) — 9KB
• 0001140361-24-036240.txt ( ) — 4067KB
• tlfa-20240630.xsd (EX-101.SCH) — 27KB
• tlfa-20240630_cal.xml (EX-101.CAL) — 49KB
• tlfa-20240630_def.xml (EX-101.DEF) — 127KB
• tlfa-20240630_lab.xml (EX-101.LAB) — 380KB
• tlfa-20240630_pre.xml (EX-101.PRE) — 241KB
• ef20030083_10q_htm.xml (XML) — 498KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 2

Condensed Consolidated Financial Statements (Unaudited)

Item 1. Condensed Consolidated Financial Statements (Unaudited). 2 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED). 6

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 16

Controls and Procedures

Item 4. Controls and Procedures. 24

OTHER INFORMATION

PART II. OTHER INFORMATION 25

Legal Proceedings

Item 1. Legal Proceedings. 25

Risk Factors

Item 1A. Risk Factors. 25

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 25

Exhibits

Item 6. Exhibits. 26

SIGNATURES

SIGNATURES 28 ii Table of Contents Cautionary Statement Regarding Forward-Looking Statements and Information The following discussion, as well as other portions of this Form 10-Q, contains forward-looking statements that reflect our plans, estimates and beliefs. Any such forward-looking statements (including, but not limited to, statements to the effect that Tandy Leather Factory, Inc. ("TLF") or its management "anticipates," "plans," "estimates," "expects," "believes," "intends," and other similar expressions) that are not statements of historical fact should be considered forward-looking statements and should be read in conjunction with our Condensed Consolidated Financial Statements and related notes contained elsewhere in this report. These forward-looking statements are made based upon management's current plans, expectations, estimates, assumptions and beliefs concerning future events impacting us and should be read carefully because they involve risks and uncertainties. We assume no obligation to update or otherwise revise these forward-looking statements, except as required by law. Specific examples of forward-looking statements include, but are not limited to, statements regarding our forecasts of financial performance, share repurchases, store openings or store closings, capital expenditures and working capital requirements. Our actual results could materially differ from those discussed in such forward-looking and Results of Operations" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Unless the context otherwise indicates, references in this Form 10-Q to "TLF," "we," "our," "us," "the Company," "Tandy," or "Tandy Leather" mean Tandy Leather Factory, Inc., together with its subs

View Full Filing

View this 10-Q filing on SEC EDGAR