Scott's Liquid Gold Q3 net sales fall 46% to $4.3M; net loss narrows to $0.7M

Horizon Kinetics Holding Corp

2022-Q3 EPS reported -$0.43 revenue$15,449,000

Net sales $4.3M vs $8.0M in Q3 2021 due to Dryel brand sale, Batiste distribution end, and China distributor termination.
Net loss from continuing operations $0.7M ($0.06 per share) vs $2.3M ($0.18) a year ago.
Nine-month net loss $5.5M includes $3.6M goodwill and intangible asset impairment.
Cash and restricted cash total $139k at Sept 30, down from $1.27M at Dec 31, 2021.
Management cites challenging environment and further cost reductions planned.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Horizon Kinetics Holding Corp reported the quarter ended September 30, 2022 results: revenue $4.3 million, net income $0.7 million, EPS $(0.06) per share.

Period: the quarter ended September 30, 2022
Revenue: $4.3 million
Net income: $0.7 million
EPS: $(0.06) per share
Result: reported results

Exact text from the filing

Third Quarter 2022 Highlights: • Third quarter 2022 net sales of $4.3 million vs. $8.0 million of net sales in 2021 • Net loss of $0.7 million in Q3 2022 vs. $2.5 million in 2021

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Source: SEC EDGAR

accession 0000950170-22-024990

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