Emerson Radio Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2020
November 17, 2020 at 03:04 pm IST
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Emerson Radio Corp. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2020. For the second quarter, the company reported revenue of HKD 2,271,000 compared to HKD 1,435,000 a year ago. Operating loss was HKD 1,040,000 compared to HKD 1,088,000 a year ago. Net loss was HKD 956,000 compared to loss of HKD 876,000 a year ago. Basic loss per was HKD 0.05 per share compared to HKD 0.04 per share a year ago.
For the six months, the company reported revenue of HKD 3,445,000 compared to HKD 2,937,000 a year ago. Operating loss was HKD 2,241,000 compared to HKD 2,307,000 a year ago. Net loss was HKD 2,081,000 compared to loss of HKD 1,863,000 a year ago. Basic loss per was HKD 0.10 per share compared to HKD 0.09 per share a year ago.
Emerson Radio Corp. designs, sources, imports, and markets a variety of houseware and consumer electronic products and licenses its trademarks to others on a worldwide basis for a variety of products. The Companyâs core business consists of selling, distributing, and licensing various low and moderately priced houseware and consumer electronic products in various categories. The Companyâs product categories include houseware products, audio products and other. Its houseware products include microwave ovens, compact refrigerators, and toaster ovens. Its audio products include clock radios, Bluetooth speakers, karaoke machines, and wireless charging. Its other products include televisions, lithium batteries, security products, and massagers. The Company markets its products in the United States, primarily through mass merchandisers and online marketplaces. The Companyâs trademarks include Emerson, Emerson Research, H.H. Scott, iDEA, IDIVA, Olevia, SmartSet and Scott.