Tandy Leather settles SEC probe for $200K; Q2 sales ~$18.6M, up 100% YoY

TANDY LEATHER FACTORY INC

Sales for Q2 2021 expected between $18.5M and $18.8M, roughly double Q2 2020 when stores were closed.
Cash and cash equivalents $5.9M; total debt $0.4M as of June 30, 2021.
Settled SEC accounting investigation: Company pays $200K civil penalty; former CFO/CEO Shannon Greene pays $25K.
Web sales down YoY but up >50% vs Q2 2019; total sales up ~8% vs Q2 2019 despite operating 11 fewer stores.
Company still working to complete 2020 and Q1-Q2 2021 financial statements; no regular financial results reported.

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