6 January 2022

The U.S.-based retailer and wholesale distributor of a range of leather and leathercraft related items has reported its third quarter results for the 2021 financial year after filing Form 10-Q with the Securities and Exchange Commission and returning to current public financial reporting, reports ILM.

Sales for the third quarter stood at US$19.3 million, up from US$16 million in 2020, while operating expenses were US$11.1 million compared to US$10.5 million in 2020. Net income for the quarter was $16,000, an increase on a net loss of US$1 million in the previous year. As of September 30, 2021, the company held US$6.1 million of cash and cash equivalents, versus US$10.3 million as of December 31, 2020.

Janet Carr, Chief Executive Officer of Tandy Leather Factory, said: “With the filing of our Form 10-Q for the third quarter, we are at last current again in our public financial reporting. Regular trading in our stock can now resume, and we are already applying for relisting on the Nasdaq.

“Having current financial information also unlocks the door to us resuming strategic repurchases of our common stock on the open market (we just completed an off-market repurchase of 212,690 shares at US$5.00 per share) and obtaining new lines of credit for working capital. This has been a long road for Tandy and our shareholders, and we are thrilled to be able to make this announcement.”.

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。   我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

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