---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-014811"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:27:29.023468+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tandy Leather Factory FY 2023 revenue down 5.1% to $76.2M; net income rises to $3.8M

## Summary
- FY 2023 revenue $76.2M, down 5.1% YoY; net income $3.8M vs $1.2M in 2022.
- Gross margin improved to 59.3% from 57.9%; operating expenses down 9.7% to $40.8M.
- Adjusted EBITDA $6.5M; cash and equivalents $12.2M vs $8.0M a year earlier.
- Q4 revenue $20.8M (down from $22.4M); Q4 diluted EPS $0.23 vs $0.06.
- CEO cites cost discipline and plans for selective new stores in 2024.

## SEC filing metadata
- accession: 0001140361-24-014811
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2024-03-22T23:59:59+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/909724/000114036124014811/0001140361-24-014811-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036124014811/ef20024921_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-014811
- JSON: https://secwatch.observer/filing/0001140361-24-014811.json
- Plain text: https://secwatch.observer/filing/0001140361-24-014811.txt

## Key facts
- Earnings Releases
  TANDY LEATHER FACTORY INC reported fourth fiscal quarter and full year 2023 results: revenue $76.2 million, net income $3.8 million, EPS $0.23 per share.
  - Period: fourth fiscal quarter and full year 2023
  - Revenue: $76.2 million
  - Net income: $3.8 million
  - EPS: $0.23 per share
  - Result: reported results
  source text: Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the fourth fiscal quarter and full year 2023. Highlights from 2023: • Revenues were $76.2 million, down 5.1% from 2022 • Generated operating income of $4.4 million • Net income of $3.8 million, up from $1.2 million in 2022 • Gross margins of 59.3%, up from 57.9% in 2022 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/909724/000114036124014811/0001140361-24-014811-index.htm

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