earnings
confidence high
sentiment negative
materiality 0.65
Scott's Liquid Gold Q3 net loss widens to $2.5M; sales up 18% to $8.5M
Horizon Kinetics Holding Corp
2021-Q3 EPS reported
-$0.30
revenue$26,439,000
- Net loss of $2.5M ($0.20 diluted EPS) vs $0.5M loss in Q3 2020; driven by $1.6M deferred tax valuation allowance and $0.4M inventory impairment.
- Net sales increased 18% to $8.5M from $7.2M on reduced COVID impacts and stronger Alpha Skin Care brand.
- Subsequent to quarter end, entered $2M loan agreement with La Plata Capital and amended UMB loan.
- Chairman Dan Roller cited focus on developing brand portfolio and potentially monetizing non-strategic brands.
- Gross profit slightly down to $3.1M from $3.2M; operating expenses rose to $4.1M from $3.7M.