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MSN Emerson Radio

Emerson Radio Corp. engages in the design, sourcing, importation, and marketing of a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis. Its products include Microwave Ovens, Compact Refrigerators, Wine Products, Toaster Ovens, Clock Radios, Bluetooth Speakers, Wireless Charging, Massagers, Toothbrushes and Security Products. The company was founded in 1912 and is headquartered in Hackensack, NJ.

Company profile

Ticker
MSN
Exchange
CEO
Tak Kwong Hon
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
223285224

MSN stock data

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Calendar

16 Feb 21
12 Apr 21
31 Mar 22
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 20 Mar 19 Mar 18 Mar 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 30.51M 30.51M 30.51M 30.51M 30.51M 30.51M
Cash burn (monthly) (positive/no burn) (positive/no burn) 327K 364.83K 332.67K 346.08K
Cash used (since last report) n/a n/a 1.12M 1.25M 1.14M 1.18M
Cash remaining n/a n/a 29.4M 29.27M 29.38M 29.33M
Runway (months of cash) n/a n/a 89.9 80.2 88.3 84.7

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

5.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 10 11 -9.1%
Opened positions 2 0 NEW
Closed positions 3 2 +50.0%
Increased positions 2 3 -33.3%
Reduced positions 2 5 -60.0%
13F shares
Current Prev Q Change
Total value 1.16M 889K +30.4%
Total shares 1.15M 1.31M -11.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 918.79K $923K -2.2%
Bridgeway Capital Management 112.1K $113K -34.9%
Geode Capital Management 47.67K $47K 0.0%
VIRT Virtu Financial 32.49K $33K NEW
NTRS Northern Trust 24.17K $24K +8.3%
BLK Blackrock 15.01K $15K +3.5%
USB U.S. Bancorp. 2K $2K 0.0%
UBS UBS Group AG - Registered Shares 1.53K $2K NEW
WFC Wells Fargo & Co. 36 $0 0.0%
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
Dimensional Fund Advisors 0 -86.12K EXIT
Bridgeway Capital Management 112.1K -60K -34.9%
VIRT Virtu Financial 32.49K +32.49K NEW
Renaissance Technologies 918.79K -20.89K -2.2%
Tower Research Capital 0 -13.24K EXIT
Vanguard 0 -10.21K EXIT
NTRS Northern Trust 24.17K +1.86K +8.3%
UBS UBS Group AG - Registered Shares 1.53K +1.53K NEW
BLK Blackrock 15.01K +510 +3.5%
USB U.S. Bancorp. 2K 0 0.0%

Financial report summary

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Competition
VOXX International
Risks
  • The Company’s business has been and is expected to continue to be adversely affected by the ongoing COVID-19 pandemic.
  • Tariffs or other restrictions placed on the Company’s products imported into the United States from China, or any related counter-measures taken by China, could have a material adverse effect on the Company’s business, profitability and results of operations.
Management Discussion
  • Net product sales — Net product sales for the third quarter of fiscal 2021 were $2.3 million as compared to $2.0 million for the third quarter of fiscal 2020, an increase of $0.3 million, or 11.5%. The Company’s core customers benefitted from reduced competition during the period as many retailers were forced to close, either temporarily or permanently, or otherwise operate with reduced hours and restrictions on foot traffic and maximum capacities under COVID-19 restrictions. The improvement in net product sales during the third quarter of fiscal 2021 came from increased consumer demand for certain of the Company’s products offered by these customers, in particular clock radios as consumers spent more time at home and shopped online, and the Company’s ability to continue to sell products under difficult economic conditions. The Company’s sales during the third quarters of fiscal 2021 and fiscal 2020 were highly concentrated among the Company’s three largest customers – Wal-Mart, Amazon and Fred Meyer – where net product sales comprised approximately 90% and 90%, respectively, of the Company’s total net product sales.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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Removed: authorized, bank, behalf, Binney, Calculation, carrying, Certification, driven, duly, Duncan, emerge, estimated, Extension, Hon, Instance, intent, Label, Linkbase, mature, Michael, regain, Registrant, Schema, shelf, signal, Taxonomy, thereunto, undersigned, XBRL