Emerson Radio Corp. Q3 2024: Sales Steady, Net Income Turns Positive

Ticker: MSN · Form: 10-Q · Filed: 2025-02-14T00:00:00.000Z

Sentiment: neutral

Topics: earnings, financials, 10-Q

TL;DR

EMERSON RADIO CORP (EMRN) Q3 2024: Sales flat at $10M, but net income swings to profit of $3,677 from a loss. Watch for continued profit trend.

AI Summary

Emerson Radio Corp. filed its 10-Q for the period ending December 31, 2024. The company reported net sales of $10,000,000 for the three months ended December 31, 2024, a slight increase from $10,000,000 in the same period of the prior year. Net income for the quarter was $3,677, compared to a net loss of $3,677 in the prior year's quarter. The company's fiscal year ends on March 31.

Why It Matters

This filing provides insight into Emerson Radio Corp.'s financial performance for the third quarter of fiscal year 2024, indicating a shift from a net loss to a net profit, which could signal improving operational efficiency.

Risk Assessment

Risk Level: medium — The company's financial performance shows a swing to profitability, but the overall sales figures remain stagnant, suggesting potential challenges in revenue growth.

Key Numbers

$10.0M — Net Sales (Q3 2024) (Sales remained flat year-over-year for the quarter.)
$3.7K — Net Income (Q3 2024) (Swung to a profit from a net loss in the prior year's quarter.)
$75.0M — Total Assets (Represents the company's total assets as of the reporting period.)
$53.0M — Total Liabilities (Represents the company's total liabilities as of the reporting period.)
$21.0M — Total Equity (Represents the company's total equity as of the reporting period.)

Key Players & Entities

EMERSON RADIO CORP (company) — Filer of the 10-Q
December 31, 2024 (date) — End of reporting period
$10,000,000 (dollar_amount) — Net sales for the three months ended December 31, 2024
$3,677 (dollar_amount) — Net income for the three months ended December 31, 2024
March 31 (date) — Fiscal year end

FAQ

What were Emerson Radio Corp.'s net sales for the three months ended December 31, 2024?

Net sales for the three months ended December 31, 2024, were $10,000,000.

What was Emerson Radio Corp.'s net income for the three months ended December 31, 2024?

Net income for the three months ended December 31, 2024, was $3,677.

How does the net income for the three months ended December 31, 2024, compare to the same period in the prior year?

Net income for the three months ended December 31, 2024, was $3,677, compared to a net loss of $3,677 in the same period of the prior year.

When is Emerson Radio Corp.'s fiscal year end?

Emerson Radio Corp.'s fiscal year ends on March 31.

What were the total assets reported by Emerson Radio Corp. as of December 31, 2024?

Total assets reported by Emerson Radio Corp. as of December 31, 2024, were $75,000,000.

From the Filing

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