Recent 8-K filings for BSET
Highest-materiality recent filing
Bassett Furniture suffers cyber incident; manufacturing halted, order fulfillment impacted
- Detected unauthorized access on July 10, 2024; data files encrypted by threat actor.
- Containment measures included shutting down systems; manufacturing facilities not operating as of July 15.
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Bassett Q1 revenue falls 2.2% to $80.3M; EPS drops to $0.13 from $0.21
Operating income $1.2M vs $2.5M prior year; gross margin 56.2%, down 80 bps.
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Bassett Q4 revenue up 5.1% to $88.7M; operating income $2.3M vs $0.9M year ago
Diluted EPS $0.18 vs $0.38 prior year; prior year included $2.6M tax benefit, excluding which EPS would have been $0.08.
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Bassett Furniture Q3 revenue up 5.9% to $80.1M; EPS $0.09 vs loss of $0.52
Revenue $80.1M (+5.9% YoY); wholesale segment $50.8M (+6.2%), retail $51.9M (+9.8%).
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Bassett Furniture Q2 revenues up 1.1% to $84.3M; EPS $0.22 vs -$0.82 prior year
Revenues of $84.3M, up 1.1% YoY; operating income $2.5M vs prior year loss of $8.5M.
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Bassett reports Q1 EPS $0.21 vs loss; normalized sales up 2.2%
Revenue $82.2M, down 5.1% as-reported; adjusted for prior-year 14th week, up 2.2%.
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Bassett Furniture posts Q4 EPS of $0.38, revenue down 11% to $84.3M
Diluted EPS of $0.38 vs a loss of $0.47; operating income of $0.9M from a loss of $4.5M.
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Bassett Q3 loss $0.52; revenue $75.6M (-13%); dividend raised 11% to $0.20
Diluted loss per share $0.52 vs $0.30 loss in Q3 2023; revenue $75.6M, down 13.3% YoY.
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Bassett Furniture suffers cyber incident; manufacturing halted, order fulfillment impacted
Detected unauthorized access on July 10, 2024; data files encrypted by threat actor.
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Q2 revenues $83.4M, down 17% YoY; operating loss $8.5M includes $5.5M impairment and $2.7M inventory charges.
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Bassett Furniture Q1 sales down 19.6% to $86.6M, posts net loss of $1.2M
Sales $86.6M, down 19.6% YoY; operating loss of $2.4M vs income $2.7M last year.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.55 · Most common event earnings