TLFA - TLFA STOCK NEWS

Tandy Leather Factory has announced its common stock will be relisted on Nasdaq under the ticker symbol TLF, effective September 7, 2022. The company was previously listed until August 2020 but was de-listed due to non-compliance with SEC filing requirements during a financial restatement. CEO Janet Carr stated that this relisting is a significant achievement, aiming to enhance liquidity for investors and foster an active trading environment. Tandy operates 104 stores across North America and one in Spain, distributing a wide range of leather goods.

Tandy Leather Factory, Inc. (TLFA) reported second quarter financial results for 2022, revealing net sales of $18.4 million, slightly down from $18.6 million in 2021. The gross profit was $10.5 million with a gross margin of 57.0%. However, the company experienced an operating loss of $0.7 million and a net loss of $0.6 million or $0.07 per diluted share. Cash and cash equivalents decreased to $5.6 million, and inventory was at $40.1 million. CFO Michael Galvan plans to resign effective August 31, 2022, as the company seeks a replacement.

Tandy Leather Factory (TLFA) will host an investor presentation on August 17, 2022, at 10 AM CT via Zoom and phone, discussing its Q2 fiscal results and long-term strategies. The meeting follows the filing of its Form 10-Q for the quarter ended June 30, 2022. Investors can join online or by phone. Tandy Leather operates 104 retail stores across North America and one in Spain, offering a variety of leather products and tools. The company emphasizes its commitment to stakeholders and invites interested parties to participate in the upcoming presentation.

Tandy Leather Factory reported first-quarter 2022 results with net sales of $20.5 million, a decrease from $21.4 million in 2021. The gross profit fell to $11.9 million with a gross margin of 58.2%. Despite challenges from inflation and changing consumer demand, the company achieved an operating income of $0.8 million and net income of $0.6 million ($0.08 per diluted share). Cash and equivalents rose slightly to $10.3 million. The company is awaiting Nasdaq listing approval and held an investor presentation on June 7, 2022.

Tandy Leather Factory, Inc. (TLFA) reported strong financial results for 2021, with revenues increasing by 29% to $82.7 million. The company achieved an operating income of $2.3 million and net income of $1.4 million. The fourth quarter saw a revenue rise to $23.4 million, up from $21.8 million in Q4 2020. Tandy ended the year with $10.2 million in cash and equivalents. However, softer sales were noted in early 2022, attributed to macroeconomic issues. The company is also seeking to relist its stock on Nasdaq.

Tandy Leather Factory, Inc. (OTC: TLFA) has filed its Form 10-Q for Q3 2021, reporting sales of $19.3 million, an increase from $16.0 million in Q3 2020. Operating expenses rose to $11.1 million from $10.5 million. The company achieved a net income of $16,000, a significant improvement over a net loss of $1.0 million in the previous year. Cash reserves decreased to $6.1 million from $10.3 million in 2020. CEO Janet Carr announced resumed regular trading and plans for Nasdaq relisting, along with strategic stock buybacks and increased credit lines, signaling optimism for future growth.

Tandy Leather Factory announced its second quarter 2021 financial results, reporting sales of $18.6 million, up from $9.1 million in the same quarter of 2020. The company achieved net income of $0.5 million compared to a loss of $1.8 million a year earlier. Operating expenses rose to $10.6 million due to returning furloughed employees.

Third-quarter sales are projected at $19.0 million, marking a 19% increase from the previous year. Tandy plans to apply for relisting on Nasdaq once its financial reporting is up to date.

Tandy Leather Factory, Inc. (TLFA) has filed its Quarterly Report for Q1 2021, reporting sales of $21.4 million, up from $17.1 million in Q1 2020. The company achieved a net income of $745,000, compared to a net loss of $1.7 million the previous year. Operating expenses rose slightly to $11.2 million. The CEO indicated progress in financial reporting and plans to apply for Nasdaq relisting after timely filings. Despite COVID-19 challenges, the company noted a strong product offering and consumer demand.

Tandy Leather Factory (TLFA) has submitted its 2020 Annual Report and quarterly reports for 2020 to the SEC, with ongoing efforts to finalize 2021 submissions. In 2020, sales fell to $64.1 million from $74.9 million in 2019, while operating expenses decreased to $41.3 million. The company reported a net loss of $4.9 million, worsened from a $1.9 million loss in 2019, and held $10.3 million in cash by year-end. Despite store closures due to COVID-19, Tandy rebounded with strong online sales. It plans to apply for relisting on Nasdaq once current on filings.