trending Market Intelligence /marketintelligence/en/news-insights/trending/0SnwXqL3g_IcHLxDTHRE7Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Emerson Padio swings to loss in fiscal Q2


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Emerson Padio swings to loss in fiscal Q2

Emerson Radio Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of $507,500, compared with income of $46,250 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 5.7% from 0.3% in the year-earlier period.

Total revenue decreased 37.2% on an annual basis to $8.9 million from $14.2 million, and total operating expenses decreased 31.1% from the prior-year period to $9.8 million from $14.2 million.

Reported net income came to a loss of $813,900, or a loss of 3 cents per share, compared to income of $47,000, or 0 cents per share, in the year-earlier period.