Company profile

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

MSN stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

14 Feb 20
7 Apr 20
31 Mar 21

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 2.09M 1.44M 1.61M 1.59M
Net income -988K -876K -987K -463K
Diluted EPS -0.05 -0.04 -0.05 -0.02
Net profit margin -47.18% -61.05% -61.19% -29.08%
Operating income -1.16M -1.09M -1.22M -1.13M
Net change in cash 1.41M -2.18M -657K -14.01M
Cash on hand 6.5M 5.08M 7.26M 7.92M
Cost of revenue 2.11M 1.55M 1.75M 1.74M
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 8.98M 15.02M 21.25M 45.75M
Net income -2.44M -6.85M -237K -968K
Diluted EPS -0.11 -0.27 -0.01 -0.04
Net profit margin -27.13% -45.61% -1.12% -2.12%
Operating income -3.65M -3.88M -326K -1.41M
Net change in cash -17.18M -2.38M -2.63M -13.39M
Cash on hand 7.92M 25.1M 27.47M 30.1M
Cost of revenue 8.76M 13.92M 16.28M 38.82M

Financial data from company earnings reports

10.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 15 16 -6.3%
Opened positions 1 2 -50.0%
Closed positions 2 2
Increased positions 2 3 -33.3%
Reduced positions 7 3 +133.3%
13F shares
Current Prev Q Change
Total value 1.75M 2.25M -22.1%
Total shares 2.14M 2.28M -6.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 890.95K $731K +0.5%
Dimensional Fund Advisors 598.51K $491K -12.1%
Vanguard 248.49K $204K -7.3%
Bridgeway Capital Management 187.1K $153K 0.0%
Susquehanna International 55.94K $46K -30.2%
Geode Capital Management 48.12K $39K 0.0%
NTRS Northern Trust 38.03K $31K -0.7%
Citadel Advisors 27.96K $23K -15.1%
Cambridge Trust 21K $17K NEW
BLK BlackRock 13.98K $11K +1.9%
Largest transactions
Shares Bought/sold Change
Dimensional Fund Advisors 598.51K -82.61K -12.1%
BK Bank Of New York Mellon 0 -26.75K EXIT
Susquehanna International 55.94K -24.19K -30.2%
Cambridge Trust 21K +21K NEW
Vanguard 248.49K -19.59K -7.3%
Citadel Advisors 27.96K -4.97K -15.1%
Renaissance Technologies 890.95K +4.3K +0.5%
UBS UBS 1.66K -2.79K -62.7%
Ameritas Investment 0 -2K EXIT
NTRS Northern Trust 38.03K -274 -0.7%

Financial report summary

?
Competition
VOXX International
Risks
  • If the Company’s third party sales representatives fail to adequately promote, market and sell the Company’s products, the Company’s revenues could significantly decrease.
  • Increases in costs of products may materially reduce the Company’s profitability.
  • The Company relies on a third-party logistics provider for the storage and distribution of its products in the United States and, if such third party logistics provider incurs any damage to the facilities where the Company’s products are stored or is unable to distribute its products as needed, it could have a material adverse effect on the Company’s results of operations and business.
  • The Company is subject to intense competition in the industry in which it operates, which could cause material changes in the selling price of its products or losses of its market share.
  • The Company could be exposed to product liability or other claims for which its product liability or other insurance may be inadequate.
Management Discussion
  • Net product sales — Net product sales for the third quarter of fiscal 2020 were $2.0 million as compared to $2.4 million for the third quarter of fiscal 2019, a decrease of $0.4 million, or 15.8%. The Company’s sales during the third quarters of fiscal 2020 and fiscal 2019 were highly concentrated among the Company’s three largest customers – Wal-Mart, Amazon.com and Fred Meyer – where net product sales comprised approximately 90% and 94%, respectively, of the Company’s total net product sales.
  • Net product sales for the nine month period of fiscal 2020 were $5.0 million as compared to $7.0 million for the nine month period of fiscal 2019, a decrease of $2.0 million, or 29.3%. The Company’s sales during the nine month periods of fiscal 2020 and fiscal 2019 were highly concentrated among the Company’s three largest customers – Wal-Mart, Amazon.com and Fred Meyer – where net product sales comprised approximately 83% and 84%, respectively, of the Company’s total net product sales.
  • Net product sales may be periodically impacted by adjustments made to the Company’s sales allowance and marketing support accrual to record unanticipated customer deductions from accounts receivable or to reduce the accrual by any amounts which were accrued in the past but not taken by customers through deductions from accounts receivable within a certain time period. In the aggregate, these adjustments had the effect of increasing net product sales and operating income by approximately nil and $6,000 for the third quarters of fiscal 2020 and fiscal 2019, respectively, and approximately nil and $15,000 for the nine month periods of fiscal 2020 and fiscal 2019, respectively. Net product sales are comprised primarily of the sales of houseware and audio products which bear the Emerson® brand name. The major elements which contributed to the overall decrease in net product sales were as follows:
Content analysis ?
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