$TLF
TANDY LEATHER FACTORY INC

2024 Q2 Form 10-Q Financial Statement

#000114036124025440 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $17.29M $19.28M
YoY Change -1.12% -5.33%
Cost Of Revenue $7.268M $8.355M
YoY Change 10.78% -2.18%
Gross Profit $10.02M $10.92M
YoY Change -8.27% -7.61%
Gross Profit Margin 57.95% 56.65%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $310.0K $321.0K
YoY Change 3.33% 10.69%
% of Gross Profit 3.09% 2.94%
Operating Expenses $9.955M $10.27M
YoY Change -1.73% -5.25%
Operating Profit $63.00K $649.0K
YoY Change -92.03% -33.84%
Interest Expense $97.00K $84.00K
YoY Change
% of Operating Profit 153.97% 12.94%
Other Income/Expense, Net $87.00K $58.00K
YoY Change 4250.0% -248.72%
Pretax Income $150.0K $707.0K
YoY Change -81.06% -24.95%
Income Tax $49.00K $182.0K
% Of Pretax Income 32.67% 25.74%
Net Earnings $101.0K $525.0K
YoY Change -80.98% -20.93%
Net Earnings / Revenue 0.58% 2.72%
Basic Earnings Per Share $0.01 $0.06
Diluted Earnings Per Share $0.01 $0.06
COMMON SHARES
Basic Shares Outstanding 8.402M 8.399M
Diluted Shares Outstanding 8.505M 8.500M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.53M $12.32M
YoY Change 14.97% 42.37%
Cash & Equivalents $11.53M $12.32M
Short-Term Investments
Other Short-Term Assets $84.00K $99.00K
YoY Change 23.53% -13.16%
Inventory $37.19M $36.68M
Prepaid Expenses $910.0K $403.0K
Receivables $394.0K $420.0K
Other Receivables $682.0K $248.0K
Total Short-Term Assets $50.79M $50.16M
YoY Change 4.08% 9.49%
LONG-TERM ASSETS
Property, Plant & Equipment $11.34M $11.45M
YoY Change 5.49% 4.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $440.0K $440.0K
YoY Change -3.51% 4.27%
Total Long-Term Assets $22.00M $22.27M
YoY Change -0.56% -0.46%
TOTAL ASSETS
Total Short-Term Assets $50.79M $50.16M
Total Long-Term Assets $22.00M $22.27M
Total Assets $72.79M $72.43M
YoY Change 2.63% 6.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.397M $2.215M
YoY Change 2.44% 115.05%
Accrued Expenses $5.520M $5.180M
YoY Change -7.85% -0.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.917M $7.844M
YoY Change -12.45% 16.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $210.0K $210.0K
YoY Change -35.58% -35.58%
Total Long-Term Liabilities $210.0K $210.0K
YoY Change -35.58% -35.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.917M $7.844M
Total Long-Term Liabilities $210.0K $210.0K
Total Liabilities $8.127M $8.054M
YoY Change -13.26% 13.82%
SHAREHOLDERS EQUITY
Retained Earnings $64.29M $64.18M
YoY Change 5.24% 5.99%
Common Stock $23.00K $23.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.54M $57.24M
YoY Change
Total Liabilities & Shareholders Equity $72.79M $72.43M
YoY Change 2.63% 6.23%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $101.0K $525.0K
YoY Change -80.98% -20.93%
Depreciation, Depletion And Amortization $310.0K $321.0K
YoY Change 3.33% 10.69%
Cash From Operating Activities -$514.0K $1.086M
YoY Change -133.59% 36.26%
INVESTING ACTIVITIES
Capital Expenditures $201.0K $1.227M
YoY Change 151.25% 1310.34%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$201.0K -$1.227M
YoY Change 151.25% 1310.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -1.000K
YoY Change
NET CHANGE
Cash From Operating Activities -514.0K 1.086M
Cash From Investing Activities -201.0K -1.227M
Cash From Financing Activities 0.000 -1.000K
Net Change In Cash -715.0K 156.0K
YoY Change -149.31% -76.75%
FREE CASH FLOW
Cash From Operating Activities -$514.0K $1.086M
Capital Expenditures $201.0K $1.227M
Free Cash Flow -$715.0K -$141.0K
YoY Change -149.31% -119.86%

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