M
EMERSON RADIO CORP
MSNCIK 0000032621NYSENon-AcceleratedSmaller ReportingHousehold Audio & Video EquipmentDelawareFY ends Mar 31
Period
FY 2026
Revenue
$6.31M
Net Income
$-4.30M
Total Assets
$18.64M
Equity
$17.19M
Shares Out
21.04M
Op. Cash Flow
$-3.72M
Business
Emerson Radio Corp. designs, sources, imports and markets housewares and consumer electronic products—including microwave ovens, compact refrigerators, audio equipment, security products and televisions—under the Emerson brand. The company sells primarily through mass merchandisers and online marketplaces in the United States, Canada and Mexico. Emerson also licenses its trademarks to third parties for manufacturing and sale of branded products in defined geographic areas, generating licensing income with minimal incremental costs.
Summary from 10-K filed 2026-06-26
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Revenue | 6 | 11 | 9 | 7 | 8 | |
| Cost of sales | 6 | 10 | 8 | 5 | 6 | |
| Selling, general and administrative expenses | 5 | 7 | 5 | 4 | 5 | |
| Total cost of sales and SG&A | 11 | 16 | 12 | 9 | 12 | |
| Operating loss | −5 | −6 | −3 | −2 | −3 | |
| Interest income, net | 570,000 | 887,000 | 1 | 702,000 | 57,000 | |
| (Loss) before income taxes | −4 | −5 | 856,000 | −1 | −4 | |
| Provision for income tax expense | 0 | 3,000 | 90,000 | 0 | 0 | |
| Net (loss) | −4 | −5 | 766,000 | −1 | −4 | |
| Basic (loss) per share (in dollars per share) | −0.2 | −0.22 | 0.04 | −0.06 | −0.17 | |
| Diluted (loss) per share (in dollars per share) | −0.2 | −0.22 | 0.04 | −0.06 | −0.17 | |
| Basic (in shares) | 21 | 21 | 21 | 21 | 21 | |
| Diluted (in shares) | 21 | 21 | 21 | 21 | 21 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9 | 1 | 20 | 25 | 26 | |
| Short term investments | 3 | 15 | 0 | — | — | |
| Accounts receivable, net | 1 | 1 | 1 | 1 | 1 | |
| Licensing receivable | 106,000 | 42,000 | 37,000 | 245,000 | 0 | |
| Inventory | 4 | 5 | 7 | 4 | 2 | |
| Prepaid purchases | 74,000 | 43,000 | 107,000 | 247,000 | 141,000 | |
| Prepaid expenses and other current assets | 194,000 | 247,000 | 274,000 | 357,000 | 390,000 | |
| Total Current Assets | 18 | 23 | 29 | 31 | 30 | |
| Property and equipment, net | 129,000 | 211,000 | 95,000 | 1,000 | 2,000 | |
| Right-of-use asset-operating leases | 300,000 | 443,000 | 282,000 | 200,000 | 403,000 | |
| Right-of-use asset-finance leases | 4,000 | 6,000 | 0 | 1,000 | 2,000 | |
| Other assets | 76,000 | 76,000 | 84,000 | 74,000 | 90,000 | |
| Total Non-Current Assets | 509,000 | 736,000 | 461,000 | 276,000 | 497,000 | |
| Total Assets | 19 | 24 | 29 | 31 | 30 | |
| Accounts payable and other current liabilities | 1 | 808,000 | 1 | 641,000 | 758,000 | |
| Short-term operating lease liability | 162,000 | 136,000 | 93,000 | 139,000 | 211,000 | |
| Short-term finance lease liability | 1,000 | 1,000 | 0 | 1,000 | 1,000 | |
| Income tax payable, current portion | 5,000 | 668,000 | 531,000 | 401,000 | 195,000 | |
| Deferred revenue | 0 | 96,000 | 191,000 | 149,000 | 210,000 | |
| Total Current Liabilities | 1 | 2 | 2 | 5 | 1 | |
| Long-term operating lease liability | 158,000 | 321,000 | 198,000 | 62,000 | 201,000 | |
| Long-term finance lease liability | 4,000 | 5,000 | 0 | 0 | 2,000 | |
| Total Non-Current Liabilities | 162,000 | 326,000 | 866,000 | 1 | 2 | |
| Total Liabilities | 1 | 2 | 3 | 6 | 3 | |
| Series A Preferred shares 10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000 | 3 | 3 | 3 | 3 | 3 | |
| Common shares $0.01 par value, 75,000,000 shares authorized; 52,965,797 shares issued at March 31, 2026 and 2025, respectively; 21,042,652 shares outstanding at March 31, 2026 and 2025, respectively | 529,000 | 529,000 | 529,000 | 529,000 | 529,000 | |
| Additional paid-in capital | 80 | 80 | 80 | 80 | 80 | |
| Accumulated deficit | −33 | −29 | −24 | −25 | −24 | |
| Treasury stock, at cost (31,923,145 shares at March 31, 2026 and 2025, respectively) | −33 | −33 | −33 | −33 | −33 | |
| Total Shareholders Equity | 17 | 21 | 26 | 25 | 27 | |
| Total Liabilities and Shareholders Equity | 19 | 24 | 29 | 31 | 30 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Non-cash lease expense | 146,000 | 152,000 | 167,000 | 204,000 | 214,000 | |
| Depreciation and amortization | 82,000 | 79,000 | 25,000 | 1,000 | 0 | |
| Non-cash reserve charges | −1 | 1 | 37,000 | — | — | |
| Accounts receivable | 1 | −1 | −215,000 | 129,000 | −609,000 | |
| Licensing receivable | −64,000 | −5,000 | 208,000 | −245,000 | 0 | |
| Inventory | 781,000 | 2 | −3 | −2 | −151,000 | |
| Prepaid purchases | −31,000 | 64,000 | 140,000 | −106,000 | 220,000 | |
| Prepaid expenses and other current assets | 53,000 | 27,000 | 83,000 | 33,000 | −101,000 | |
| Other assets | 0 | 8,000 | −10,000 | 16,000 | 4,000 | |
| Accounts payable and other current liabilities | 303,000 | −350,000 | 517,000 | −117,000 | −30,000 | |
| Right of use assets-operating | 0 | −313,000 | −248,000 | 0 | −403,000 | |
| Right of use assets-finance | 0 | −6,000 | 0 | — | — | |
| Short term lease liabilities | 26,000 | 43,000 | −46,000 | −72,000 | 59,000 | |
| Long term lease liabilities | −163,000 | 123,000 | 136,000 | −139,000 | 118,000 | |
| Income taxes payable | −663,000 | −531,000 | −404,000 | −205,000 | −223,000 | |
| Deferred revenue | −96,000 | −95,000 | 42,000 | −61,000 | 15,000 | |
| Net cash (used in) operating activities | −4 | −4 | −5 | −306,000 | −5 | |
| Proceeds from sale of short-term investments | 21 | 1 | 19 | 0 | 25 | |
| Purchases of short-term investments | −9 | −16 | −19 | 0 | 0 | |
| Additions to property and equipment | 0 | −195,000 | −119,000 | 0 | −2,000 | |
| Net cash provided by (used in) investing activities | 12 | −15 | −119,000 | 0 | 25 | |
| Short term finance liability | 0 | 1,000 | −1,000 | 0 | — | |
| Long term finance liability | −1,000 | 5,000 | 0 | −2,000 | — | |
| Net cash (used in) provided by financing activities | −1,000 | 6,000 | −1,000 | −2,000 | 0 | |
| Net increase (decrease) in cash and cash equivalents | 8 | −19 | −5 | −308,000 | 20 | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 0 | 313,000 | 248,000 | 0 | — | |
| Right-of-use assets obtained in exchange for new finance lease liabilities | 0 | 6,000 | 0 | — | — | |
| Interest | 15,000 | 9,000 | 5,000 | 10,000 | 11,000 | |
| Income taxes | 676,000 | 535,000 | 478,000 | 205,000 | 222,000 |
Filings
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Frequently asked questions
What is EMERSON RADIO CORP's CIK number?
EMERSON RADIO CORP's SEC CIK number is 0000032621 (32621). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EMERSON RADIO CORP's SEC filings?
All of EMERSON RADIO CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.