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Stock impact report

Tandy Leather Factory Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Tandy Leather Factory, Inc. - common stock (TLF) 
US:NASDAQ Investor Relations: ir.tandyleather.com
Company Research Source: Yahoo! Finance
Highlights from 2023: Revenues were $76.2 million, down 5.1% from 2022 Generated operating income of $4.4 million Net income of $3.8 million, up from $1.2 million in 2022 Gross margins of 59.3%, up from 57.9% in 2022 Operating expenses $40.8 million, down 9.7% from 2022 Adjusted EBITDA* of $6.5 million Ended year with $12.2 million of cash and cash equivalents The Company's full year sales were $76.2 million in 2023, down from $80.3 million in 2022. Operating expenses decreased to $40.8 million from $45.1 million in 2022 and decreased as a percentage of sales to 53.5% from 56.2% in 2022. 2023 full year gross profit was $45.2 million, or 59.2%, vs $46.5 million, or 57.9%, in 2022. Net income was $3.8 million in 2023, compared to $1.2 million in 2022. Additional details regarding the Company's 2023 results can be found in its Annual Report on Form 10-K, filed with the SEC on March 22, 2024. Tandy Leather Factory's fourth quarter sales were $20.8 million in 2023, down Show less Read more
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