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Tandy Leather Factory, Inc. reported financial results for the first fiscal quarter of 2024. Revenues were $19.3 million, down 5.3% from 2023, with operating income of $0.7 million and net income of $0.5 million. Gross margins were 56.7%, down from 58.1% in 2023. Adjusted EBITDA was $1.1 million. The company ended the quarter with $12.3 million in cash and cash equivalents. Despite sales and gross margin challenges, the company remains focused on improving retail store performance and overall quality.