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Last $1.29 USD
Change Today -0.01 / -0.77%
Volume 9.9K
MSN On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 4:15 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

emerson radio corp (MSN) Snapshot

Open
$1.29
Previous Close
$1.30
Day High
$1.30
Day Low
$1.29
52 Week High
09/12/14 - $1.47
52 Week Low
12/11/14 - $1.00
Market Cap
35.0M
Average Volume 10 Days
29.7K
EPS TTM
$0.09
Shares Outstanding
27.1M
EX-Date
10/1/14
P/E TM
14.0x
Dividend
--
Dividend Yield
54.26%
Current Stock Chart for EMERSON RADIO CORP (MSN)

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emerson radio corp (MSN) Details

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products in the United States and internationally. It provides houseware products, such as microwave ovens and compact refrigerators; audio products, including clock radios and portable audio products; and other products comprising televisions, mobile and landline telephones and accessories, tablet computers and accessories, cameras and video cameras and accessories, and miscellaneous electronic and novelty products. The company offers its products primarily under the Emerson brand name; and licenses its trademarks to others on a worldwide basis for various products. Emerson Radio Corp. markets its products primarily through mass merchandisers. The company was founded in 1948 and is headquartered in Hackensack, New Jersey.

41 Employees
Last Reported Date: 07/14/15
Founded in 1948

emerson radio corp (MSN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $475.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $363.3K
Consultant
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

emerson radio corp (MSN) Key Developments

Emerson Radio Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Product Sales Guidance for the Second Quarter and Full Year of 2016

Emerson Radio Corp. announced unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported net revenues of $19,512,000 compared to $25,943,000 a year ago. Operating income was $113,000 compared to $791,000 a year ago. Income before income taxes was $152,000 compared to $856,000 a year ago. Net income was $121,000 compared to $651,000 a year ago. Net product sales for the first quarter of fiscal 2016 were $18.3 million, as compared to $24.8 million for the first quarter of fiscal 2015, a decrease of $6.5 million, or 26.4%. The lower year-over-year net product sales were principally driven by a $6.4 million, or 26.3%, decrease in net sales of houseware products, which was the result of lower year-over-year net sales of microwave ovens, driven mainly by product discontinuations by the company's key customers and the effects of the 2014/2015 Los Angeles/Long Beach port strike, partially offset by increases in net sales of compact refrigeration and wine products. Operating income decreased 85.7%, from operating income of $0.8 million for the first quarter of fiscal 2015 due to the lower year-over-year net product sales and higher year-over-year cost of sales as a percentage of sales, partly offset by a $0.1 million, or 4.4%, decrease in year-over year SG&A expenses. Net income decreased $0.6 million, or 81.4%, due primarily to the year-over-year decrease in operating income. Due primarily to the aforementioned product discontinuations, the company expects its net product sales for the second quarter and full year of fiscal 2016 to continue to decrease as compared to the second quarter and full year of fiscal 2015, respectively.

Emerson Radio Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

Emerson Radio Corp. announced consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net revenues of $13,235,000 compared with $13,982,000 a year ago. Operating income was $230,000 compared with $689,000 a year ago. Income before income tax was $294,000 compared with $796,000 a year ago. Net loss was $1,659,000 or $0.06 per basic and diluted share compared with net income of $941,000 or $0.04 per diluted share a year ago. For the year, the company reported net revenues of $76,323,000 compared with $77,829,000 a year ago. Operating income was $4,745,000 compared with $3,300,000 a year ago. Income before income tax was $4,960,000 compared with loss before income tax of $152,000 a year ago. Net income was $1,893,000 or $0.07 per basic and diluted share compared with $1,317,000 or $0.05 per basic and diluted share a year ago.

Emerson Radio Corp. announced delayed annual 10-K filing

On 06/29/2015, Emerson Radio Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

 

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Industry Analysis

MSN

Industry Average

Valuation MSN Industry Range
Price/Earnings 25.9x
Price/Sales 0.5x
Price/Book 0.6x
Price/Cash Flow 25.9x
TEV/Sales NM Not Meaningful
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