earnings
confidence high
sentiment negative
materiality 0.60
Scott's Liquid Gold Q2 net sales up 38% to $8.4M; net loss $1.1M on restructuring costs
Horizon Kinetics Holding Corp
2021-Q2 EPS reported
-$0.11
revenue$17,884,000
- Net sales rose 38% YoY to $8.4M; net loss of $1.1M ($0.08 EPS) driven by $0.8M restructuring charges.
- Cash used in operations $1.0M vs. $5.1M cash from operations in prior-year quarter.
- Growth led by Batiste rebound and 2020 acquisitions of BIZ and Dryel; supply chain shortages impacted Scott's Liquid Gold.
- Management expects improved profitability in H2 2021 through selling cost reductions and pricing actions.