Emerson Radio Corp

emersonradio.com

What Do They Do?

Sells houseware and consumer electronics, including microwave ovens and audio products, to mass merchandisers and through online marketplaces. Also licenses its trademarks for consumer products.

How Do They Make Money?

Customers buy houseware and audio products, with sales counted when the products ship. Trademark licensees owe minimum royalties over the license term or royalties based on their product sales.

revenue

Segment	Share	Revenue	How money arrives
Product Sold outright	94% FY2023: 85%		Sold outright
License Licensed	6.1% FY2023: 5.2%		Licensed

Who Are Their Customers?

Markets its products primarily through mass merchandisers and online marketplaces in the United States, Canada and Mexico. Third-party sales representatives work with its own sales staff, while major customers place orders on an ongoing basis.

Customers above 10% of revenue, FY2026

of revenue from two customers (42%, 13%)

FY2025: 70% from two customers

Do Revenues Turn Into Profits?

No. It lost $4.3M in FY2026.

Operating income, FY2026

−77% of revenue

▼ −13% (Loss) vs FY2025 (−$5.6M, −52%)

Net income, FY2026

−68% of revenue

▼ −9% (Loss) vs FY2025 (−$4.7M, −44%)

Free cash flow, FY2026

−59% of revenue

▼ −3% (Loss) vs FY2025 (−$3.8M, −36%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q1 FY2027, the three months to Jun 30, 2026

Revenue: ▼ −37%; vs $1.7M in Q1 FY2026
Net income: ▼ −50% (Loss); vs −$1.1M in Q1 FY2026

Product share of revenue vs 94.9% in Q1 FY2026

Shrinking. Revenue fell 23% in 4 years, from $8.2M in FY2022 to $6.3M in FY2026, about 6% a year.

Broader sales geography The latest report says the company markets products in the United States, Canada and Mexico; the older report described marketing exclusively in the United States.

Revenue over time

Product License Royalty

$20M$10M$0

FY2022 FY2023 FY2024 FY2025 FY2026

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