$TLF
TANDY LEATHER FACTORY INC

2024 Q3 Form 10-Q Financial Statement

#000114036124036240 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $17.35M $17.29M
YoY Change -1.09% -1.12%
Cost Of Revenue $7.329M $7.268M
YoY Change 10.98% 10.78%
Gross Profit $10.02M $10.02M
YoY Change -8.37% -8.27%
Gross Profit Margin 57.76% 57.95%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $296.0K $310.0K
YoY Change -1.33% 3.33%
% of Gross Profit 2.95% 3.09%
Operating Expenses $10.29M $9.955M
YoY Change 2.28% -1.73%
Operating Profit -$267.0K $63.00K
YoY Change -130.34% -92.03%
Interest Expense $85.00K $97.00K
YoY Change
% of Operating Profit 153.97%
Other Income/Expense, Net $84.00K $87.00K
YoY Change -295.35% 4250.0%
Pretax Income -$183.0K $150.0K
YoY Change -121.86% -81.06%
Income Tax -$51.00K $49.00K
% Of Pretax Income 32.67%
Net Earnings -$132.0K $101.0K
YoY Change -120.75% -80.98%
Net Earnings / Revenue -0.76% 0.58%
Basic Earnings Per Share -$0.02 $0.01
Diluted Earnings Per Share -$0.02 $0.01
COMMON SHARES
Basic Shares Outstanding 8.423M 8.402M
Diluted Shares Outstanding 8.514M 8.505M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.06M $11.53M
YoY Change 16.65% 14.97%
Cash & Equivalents $10.06M $11.53M
Short-Term Investments
Other Short-Term Assets $80.00K $84.00K
YoY Change 12.68% 23.53%
Inventory $38.15M $37.19M
Prepaid Expenses $808.0K $910.0K
Receivables $351.0K $394.0K
Other Receivables $949.0K $682.0K
Total Short-Term Assets $50.39M $50.79M
YoY Change 4.61% 4.08%
LONG-TERM ASSETS
Property, Plant & Equipment $11.93M $11.34M
YoY Change 12.47% 5.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $488.0K $440.0K
YoY Change 6.55% -3.51%
Total Long-Term Assets $22.65M $22.00M
YoY Change 10.45% -0.56%
TOTAL ASSETS
Total Short-Term Assets $50.39M $50.79M
Total Long-Term Assets $22.65M $22.00M
Total Assets $73.04M $72.79M
YoY Change 6.35% 2.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.319M $2.397M
YoY Change 63.31% 2.44%
Accrued Expenses $5.563M $5.520M
YoY Change -5.23% -7.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.882M $7.917M
YoY Change 3.17% -12.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $228.0K $210.0K
YoY Change -30.06% -35.58%
Total Long-Term Liabilities $228.0K $210.0K
YoY Change -30.06% -35.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.882M $7.917M
Total Long-Term Liabilities $228.0K $210.0K
Total Liabilities $8.110M $8.127M
YoY Change 1.81% -13.26%
SHAREHOLDERS EQUITY
Retained Earnings $64.15M $64.29M
YoY Change 3.94% 5.24%
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 $57.62M $57.54M
YoY Change
Total Liabilities & Shareholders Equity $73.04M $72.79M
YoY Change 6.35% 2.63%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$132.0K $101.0K
YoY Change -120.75% -80.98%
Depreciation, Depletion And Amortization $296.0K $310.0K
YoY Change -1.33% 3.33%
Cash From Operating Activities -$535.0K -$514.0K
YoY Change -52.65% -133.59%
INVESTING ACTIVITIES
Capital Expenditures $887.0K $201.0K
YoY Change 454.38% 151.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$887.0K -$201.0K
YoY Change 454.38% 151.25%
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 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -535.0K -514.0K
Cash From Investing Activities -887.0K -201.0K
Cash From Financing Activities 0.000 0.000
Net Change In Cash -1.422M -715.0K
YoY Change 8.55% -149.31%
FREE CASH FLOW
Cash From Operating Activities -$535.0K -$514.0K
Capital Expenditures $887.0K $201.0K
Free Cash Flow -$1.422M -$715.0K
YoY Change 10.23% -149.31%

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