10-K · June 26, 2026
Emerson Radio Corp. saw a significant decline in revenues and continued operational losses in fiscal 2026, with net revenues of $6.31 million down from $10.78 million in fiscal 2025. While gross and operating losses…
Earnings analysis · 10-Q
MSN earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Revenue was $2 million, flat sequentially but below the $4 million reported in 2025Q3. Gross margin improved to 0.7% and operating margin improved to negative 78.2%, while diluted EPS improved to negative $0.05;…
Read full summary
Revenue was $2 million, flat sequentially but below the $4 million reported in 2025Q3. Gross margin improved to 0.7% and operating margin improved to negative 78.2%, while diluted EPS improved to negative $0.05; however, profitability remained deeply negative. The filing provides no quantitative guidance and reports no material changes to the prior 10-K’s risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.05
What stood out
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Revenue Flat Sequentially
Revenue was $2 million, unchanged from $2 million in the prior quarter, but remained below the $4 million reported in 2025Q3. No year-over-year comparable for the current fiscal quarter was provided in the filing extract.
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Gross Margin Recovered
Gross margin improved to 0.7% from negative 3.0% in the prior quarter, a 3.7-percentage-point improvement, although it remained well below the 12.3% reported in 2025Q3.
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Operating Loss Narrowed
Operating margin improved to negative 78.2% from negative 137.8% sequentially, a 59.6-percentage-point improvement, but the company continued to report substantial operating losses.
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EPS Loss Improved
Diluted EPS improved to negative $0.05 from negative $0.11 in the prior quarter, a $0.06-per-share improvement, though it remained negative.
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Controls Deemed Effective
Management concluded that disclosure controls were effective as of June 30, 2026, providing reasonable assurance over required reporting.
What to watch
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Persistent Operating Losses
The company remained loss-making, with an operating margin of negative 78.2% and diluted EPS of negative $0.05 for the quarter.
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Low and Volatile Revenue
Revenue was only $2 million, down from $4 million in 2025Q3, indicating continued volatility and pressure in the company’s sales base.
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Existing Risks Remain
The filing states there were no material changes to the risk factors in the March 31, 2026 Form 10-K; therefore, the previously identified customer-concentration, product-sales, and tariff risks remain applicable.
Management's outlook
No quantitative revenue or EPS outlook was provided in the extracted 10-Q text. The filing states that there were no material changes to the risk factors in the March 31, 2026 Form 10-K.
Earlier filings 4
10-Q · February 17, 2026
For Q3 2026, Emerson Radio Corp reported a decline in revenue to approximately $1.891 million, representing a 53.6% decrease from the prior year. The company also recorded a diluted EPS of -$0.03, indicating ongoing…
10-Q · November 14, 2025
Emerson Radio Corp. reported a significant decline in revenue for Q2 2025, with total revenues of $1.215 million, a drop of 55.6% year-over-year. The company continues to face challenges with net losses, totaling $1.043…
10-Q · August 14, 2025
For the quarter ending June 30, 2025, Emerson Radio Corp reported revenues of approximately $1.68 million, marking a 23.8% decrease year-over-year. The company incurred a net loss of approximately $1.14 million, a rise…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.