---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-016942"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:34:01.851892+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tandy Leather Factory FY2022 revenue $80.3M (-3% YoY); net income $1.2M

## Summary
- Full-year revenue $80.3M, down 3% from $82.7M in 2021; net income $1.2M vs $1.4M.
- Adjusted EBITDA $4.0M; gross margin improved to 57.9% from 56.9%.
- Repurchased 360,000+ shares for $1.8M; ended year with $8.0M cash.
- Closed 5 underperforming stores since early 2022; expects cost actions to boost 2023 profits.
- Q4 revenue $22.4M vs $23.4M; Q4 gross margin 55.8% vs 53.1%.

## SEC filing metadata
- accession: 0001140361-23-016942
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/909724/000114036123016942/0001140361-23-016942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036123016942/brhc10051136_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-016942
- JSON: https://secwatch.observer/filing/0001140361-23-016942.json
- Plain text: https://secwatch.observer/filing/0001140361-23-016942.txt

## Key facts
- Earnings Releases
  TANDY LEATHER FACTORY INC reported financial results for fourth quarter and full year 2022.
  - Period: fourth quarter and full year 2022
  - Result: reported results
  source text: On April 3, 2023, Tandy Leather Factory, Inc. (the “Company”) issued a press release (the “Press Release”) announcing its financial results for the fourth fiscal quarter of and full year 2022, as disclosed in the Company’s Annual Report on Form 10-K.
  evidence_url: https://www.sec.gov/Archives/edgar/data/909724/000114036123016942/0001140361-23-016942-index.htm

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