Emerson Radio Corporation (MSN) Financial Statements (2024 and earlier)

Company Profile

Business Address 959 ROUTE 46 EAST
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,26827,29425,57630,29034,37736,288
Cash and cash equivalents25,26827,29425,5765,2456,2767,917
Short-term investments    25,04528,10128,371
Receivables1,1659271,294691484604
Other undisclosed current assets4,6623,4342,6432,6112,4954,361
Total current assets:31,09531,65529,51333,59237,35641,253
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization12235
Operating lease, right-of-use asset200244403213442
Property, plant and equipment122 46
Other noncurrent assets7490909494154
Other undisclosed noncurrent assets(1)    448
Total noncurrent assets:276338497310545608
TOTAL ASSETS:31,37131,99330,01033,90237,90141,861
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities401401195195195250
Taxes payable195195195250
Accrued liabilities401401    
Deferred revenue 149182210195180
Debt1111242 
Due to related parties 1 1  
Contract with customer, liability165
Other undisclosed current liabilities4,0974,7599691,144592545
Total current liabilities:4,6485,3441,3751,5361,209960
Noncurrent Liabilities
Long-term debt and lease obligation 0120385238 
Finance lease, liability 01234
Liabilities, other than long-term debt1,2641,3001,6131,8362,0332,173
Accounts payable and accrued liabilities1,2021,2021,6131,8362,0332,173
Operating lease, liability629820182234
Other undisclosed noncurrent liabilities (0)     
Total noncurrent liabilities:1,2641,3011,8161,9212,2712,173
Total liabilities:5,9126,6453,1913,4573,4803,133
Equity
Equity, attributable to parent25,45925,34826,81930,44534,42138,728
Preferred stock3,3103,3103,3103,3103,3103,310
Common stock529529529529529529
Treasury stock, value(33,201)(33,201)(33,201)(33,201)(33,201)(33,201)
Additional paid in capital79,79279,79279,79279,79279,79279,792
Accumulated deficit(24,971)(25,082)(23,611)(19,985)(16,009)(11,702)
Total equity:25,45925,34826,81930,44534,42138,728
TOTAL LIABILITIES AND EQUITY:31,37131,99330,01033,90237,90141,861

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues7,1775,3068,2067,4456,2938,982
Cost of revenue(5,076)(3,549)(6,237)(5,749)(6,755)(8,787)
Cost of goods and services sold(5,076)(3,549)(6,237)(5,749)(6,755)(8,760)
Gross profit:2,1011,7571,9691,696(462)195
Operating expenses(4,197)(3,686)(5,409)(5,891)(4,164)(3,843)
Operating loss:(2,096)(1,929)(3,440)(4,195)(4,626)(3,648)
Nonoperating income
(Investment Income, Nonoperating)
 712 68158776859
Interest and debt expense (10) (11)(7)  
Other undisclosed income from continuing operations before equity method investments, income taxes      
Loss from continuing operations before equity method investments, income taxes:(1,394)(1,929)(3,383)(4,044)(3,850)(2,789)
Other undisclosed income (loss) from continuing operations before income taxes34458(243)83  
Income (loss) from continuing operations before income taxes:(1,360)(1,471)(3,626)(3,961)(3,850)(2,789)
Income tax expense (benefit)   (15)(457)352
Income (loss) from continuing operations:(1,360)(1,471)(3,626)(3,976)(4,307)(2,437)
Loss before gain (loss) on sale of properties:(1,230)(3,626)(3,976)(4,307)(2,437)
Net income (loss) available to common stockholders, diluted:(1,360)(1,471)(3,626)(3,976)(4,307)(2,437)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(1,360)(1,471)(3,626)(3,976)(4,307)(2,437)
Comprehensive income (loss), net of tax, attributable to parent:(1,360)(1,471)(3,626)(3,976)(4,307)(2,437)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: