---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-039825"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:51:35.614536+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-039825
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/909724/000114036123039825/0001140361-23-039825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036123039825/brhc20057556_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-039825
- JSON: https://secwatch.observer/filing/0001140361-23-039825.json
- Plain text: https://secwatch.observer/filing/0001140361-23-039825.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/909724/000114036123039825/0001140361-23-039825-index.htm

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