---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-041586"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T19:10:39.129814+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tandy Leather Q3 net income $0.7M vs prior-year loss; sales down modestly; new store at Fort Bragg

## Summary
- Net sales $19.1M vs $19.3M YoY; gross margin up to 60.8% from 57.5%.
- Diluted EPS $0.09 vs $(0.002) in Q3 2021; net income $723k.
- Adjusted EBITDA $1.5M; cash $3.1M, down from $10.2M at year end.
- CEO cites inflation and recession risk; plans to focus on profit and cash in 2023.
- Opened 104th store at Fort Bragg Army Base.

## SEC filing metadata
- accession: 0001140361-22-041586
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/909724/000114036122041586/0001140361-22-041586-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036122041586/brhc10044213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-041586
- JSON: https://secwatch.observer/filing/0001140361-22-041586.json
- Plain text: https://secwatch.observer/filing/0001140361-22-041586.txt

## Key facts
- Earnings Releases
  TANDY LEATHER FACTORY INC reported the third quarter, ended September 30, 2022 results: revenue $19.1 million, net income $0.7 million, EPS $0.09 per diluted share.
  - Period: the third quarter, ended September 30, 2022
  - Revenue: $19.1 million
  - Net income: $0.7 million
  - EPS: $0.09 per diluted share
  - Result: reported results
  source text: Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the third quarter, ended September 30, 2022. Third Quarter Highlights: • Net sales of $19.1 million • Gross profit of $11.6 million and a gross margin of 60.8% • Operating income of $1.0 million • Net income of $0.7 million, or $0.09 per diluted share • Adjusted EBITDA* of $1.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/909724/000114036122041586/0001140361-22-041586-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.