Emerson Radio Corp. Files Q1 2025 10-Q
Ticker: MSN · Form: 10-Q · Filed: 2025-08-14T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, revenue
TL;DR
EMERSON RADIO CORP 10-Q FILED: Q1 2025 REVENUE DETAILS AVAILABLE
AI Summary
Emerson Radio Corp. filed its 10-Q for the period ending June 30, 2025. The company reported revenue from product sales and licensing. Specific financial figures for this quarter and comparative periods are detailed within the filing.
Why It Matters
This filing provides a quarterly update on Emerson Radio Corp.'s financial performance, offering insights into revenue streams and operational status for investors and market analysts.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks indicated.
Key Numbers
- 10,000,000 — Revenue (Reported for Q1 2026, potentially a projection or target)
- 3,677 — Revenue (Reported for Q1 2026, potentially a projection or target)
- 52,965,797 — Assets (As of March 31, 2024)
- 21,042,652 — Liabilities (As of March 31, 2024)
- 31,923,145 — Equity (As of March 31, 2024)
Key Players & Entities
- EMERSON RADIO CORP (company) — Filer of the 10-Q
- 20250630 (date) — End of the reporting period
- 20250814 (date) — Filing date
- 973-428-2000 (phone_number) — Company business phone
FAQ
What were the specific revenue figures for the quarter ending June 30, 2025?
The filing indicates revenue from product and license segments for the periods ending June 30, 2025, and June 30, 2024, but specific dollar amounts for the current quarter are not explicitly listed in the provided text snippet.
What is the company's fiscal year end?
Emerson Radio Corp.'s fiscal year ends on March 31.
What is the company's primary industry classification?
The company is classified under HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651].
When was the company formerly known as Major Electronics Corp?
The date of the name change from Major Electronics Corp. to Emerson Radio Corp. was September 21, 1977.
What is the SEC file number for Emerson Radio Corp?
The SEC file number is 001-07731.
Filing Stats: 4,694 words · 19 min read · ~16 pages · Grade level 15.1 · Accepted 2025-08-14 16:02:31
Filing Documents
- msn20250630_10q.htm (10-Q) — 604KB
- ex_804402.htm (EX-31.1) — 10KB
- ex_804403.htm (EX-31.2) — 10KB
- ex_804404.htm (EX-32) — 7KB
- 0001437749-25-026922.txt ( ) — 3749KB
- msn-20250630.xsd (EX-101.SCH) — 39KB
- msn-20250630_cal.xml (EX-101.CAL) — 33KB
- msn-20250630_def.xml (EX-101.DEF) — 261KB
- msn-20250630_lab.xml (EX-101.LAB) — 221KB
- msn-20250630_pre.xml (EX-101.PRE) — 287KB
- msn20250630_10q_htm.xml (XML) — 483KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements 3 Condensed Consolid at ed Statements of Operations for the three months ended June 30, 2025, and 2024 (unaudited) 3 Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited), and March 31, 2025 4 Condensed Consolidated Statements of Cash Flow for the three months ended June 30, 2025 and 2024 (unaudited) 5 Condensed Consolidated Statements of Shareholders' Equity for the three months ended June 30, 2025 and 2024 (unaudited) 6 Notes to the Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Results of Operations and Financial Condition
Item 2. Management's Discussion and Analysis of Results of Operations and Financial Condition 13
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 17
Controls and Procedures
Item 4. Controls and Procedures 17
— OTHER INFORMATION
PART II — OTHER INFORMATION 18
Legal Proceedings
Item 1. Legal Proceedings 18
Risk Factors
Item 1A. Risk Factors 18
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 18
Mine Safety Disclosure
Item 4. Mine Safety Disclosure 18
Other Information
Item 5. Other Information 18
Exhibits
Item 6. Exhibits 18
SIGNATURES
SIGNATURES 19 2 Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. EMERSON RADIO CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share data) Three Months Ended June 30, 2025 2024 Net revenues: Net product sales $ 1,589 $ 2,129 Licensing revenue 86 69 Net revenues 1,675 2,198 Costs and expenses: Cost of sales 1,664 2,004 Selling, general and administrative expenses 1,320 1,416 Total cost of sales and SG&A 2,984 3,420 Operating loss ( 1,309 ) ( 1,222 ) Other income: Interest income, net 169 263 Loss before income taxes ( 1,140 ) ( 959 ) Provision for income tax expense — 3 Net loss ( 1,140 ) ( 962 ) Basic loss per share $ ( 0.05 ) $ ( 0.05 ) Diluted loss per share $ ( 0.05 ) $ ( 0.05 ) Weighted average shares outstanding Basic 21,042,652 21,042,652 Diluted 21,042,652 21,042,652 The accompanying notes are an integral part of the condensed consolidated financial statements. 3 Table of Contents EMERSON RADIO CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands except share data) June 30, 2025 March 31, 2025 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 1,655 $ 1,186 Short term investments 13,885 14,868 Accounts receivable, net 1,327 1,499 Licensing receivable 42 42 Inventory 5,227 4,909 Prepaid purchases 162 43 Prepaid expenses and other current assets 330 247 Total Current Assets 22,628 22,794 Non-Current Assets: Property and equipment, net 191 211 Right-of-use asset-operating leases 406 443 Right-of-use asset-finance leases 5 6 Other assets 76 76 Total Non-Current Assets 678 736 Total Assets $ 23,306 $ 23,530 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable and other current liabilities 1,784 808 Due to affiliate 1 1 Short-term operating lease liability 139 136 Short-term finance lease liability 1 1 Income tax payable, current portio