Tandy Leather Q2 revenue $17.5M (-5% YoY); net income $0.5M vs prior year loss

TANDY LEATHER FACTORY INC

2023-Q2 EPS reported $0.14 revenue$37,842,000

Revenue $17.5M down 5% from $18.4M in 2022; operating income $0.8M vs loss in prior year.
Net income $0.5M ($0.06 diluted EPS) vs net loss of $0.7M in prior-year quarter.
Gross margin 62.5% partly from non-recurring adjustments; cash $10.0M up from $8.0M year-end.
Adjusted EBITDA $1.3M; company opened first New York City store in Ridgewood, Queens in July.

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

TANDY LEATHER FACTORY INC reported the second fiscal quarter 2023, ended June 30, 2023 results: revenue $17.5 million, net income $0.5 million, EPS $0.06 per diluted share.

Period: the second fiscal quarter 2023, ended June 30, 2023
Revenue: $17.5 million
Net income: $0.5 million
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the second fiscal quarter 2023, ended June 30, 2023. Second Quarter Highlights: • Revenues were $17.5 million, down 5% from 2022 • Generated operating income of $0.8 million • Net income of $0.5 million • Gross margins of 62.5% • Adjusted EBITDA* of $1.3 million • Ended quarter with

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Source: SEC EDGAR

accession 0001140361-23-039825

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