Tandy Leather Factory Reports Third Quarter 2024 Results
Tandy Leather Factory, Inc. - common stock (TLF)
US:NASDAQ Investor Relations:
ir.tandyleather.com
Company Research
Source: GlobeNewswire
FORT WORTH, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the third fiscal quarter of 2024. Highlights from Third Quarter 2024: Revenues were $17.4 million, down 1.1% from 2023Operating loss of $0.3 millionNet loss of $0.1 million, down from net income of $0.6 million in 2023Gross margins of 57.8%, down from 62.4% in 2023Operating expenses $10.3 million, up 2.3% from 2023Adjusted EBITDA* of $0.2 millionEnded quarter with $10.1 million of cash and cash equivalents Tandy Leather Factory’s third quarter sales were $17.4 million in 2024, down from $17.5 million in 2023. Third quarter 2024 gross profit was $10.0 million, down from $10.9 million in 2023. Third quarter saw an operating loss of $0.3 million, down from operating income of $0.9 million in 2023. As of September 30, 2024, the Company held $10.1 million of cash and cash equivalents, up from $8.6 million a year earlier. The Company held in
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