Tandy Leather Factory Reports Second Quarter 2024 Results
Tandy Leather Factory, Inc. - common stock (TLF)
US:NASDAQ Investor Relations:
ir.tandyleather.com
Company Research
Source: GlobeNewswire
FORT WORTH, Texas, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the second fiscal quarter of 2024. Highlights from Second Quarter 2024: Revenues were $17.3 million, down 1.1% from 2023Generated operating income of $63,000Net income of $0.1 million, down from $0.5 million in 2023Gross margins of 58.0%, down from 62.5% in 2023Operating expenses $10.0 million, down 1.7% from 2023Adjusted EBITDA* of $0.8 millionEnded quarter with $11.5 million of cash and cash equivalents Tandy Leather Factory’s second quarter sales were $17.3 million in 2024, down from $17.5 million in 2023. Second quarter 2024 gross profit was $10.0 million, down from $10.9 million in 2023. Second quarter operating income was $63,000, down from $0.8 million in 2023. As of June 30, 2024, the Company held $11.5 million of cash and cash equivalents, up from $10.0 million a year earlier. The Company held inventory of $37.1 million, down
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Sec Filings
- 9/19/24 - Form 8-K
- 8/8/24 - Form 8-K
- 8/7/24 - Form 10-Q
- TLF's page on the SEC website