---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-006184"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:57:19.533053+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tandy Leather Factory FY2024 revenue $74.4M (-2.4%); net income drops to $0.8M from $3.8M

## Summary
- FY2024 revenue $74.4M (-2.4% YoY); net income $0.8M down from $3.8M in 2023.
- Gross margin fell to 56.2% from 59.2%; operating expenses rose 1% to $41.2M.
- Q4 EPS $0.04 basic/diluted vs $0.23 prior year; adjusted EBITDA $2.6M.
- Ended FY2024 with $13.3M cash, up from $12.2M; paid $1.50/share dividend in Feb 2025.
- CEO guides HQ relocation costs will negatively impact profitability in 2025; expects rebound in 2026.

## SEC filing metadata
- accession: 0001140361-25-006184
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2025-02-27T23:59:59+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/909724/000114036125006184/0001140361-25-006184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036125006184/ef20044454_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-006184
- JSON: https://secwatch.observer/filing/0001140361-25-006184.json
- Plain text: https://secwatch.observer/filing/0001140361-25-006184.txt

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