1/4/2023 0 Comments Leather folders factory![]() ![]() Actual results and events may differ from those projected as a result of certain risks and uncertainties. (817) 872-3200 or news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. We also were pleased to deliver a return to profitability, even with about $700,000 in restatement-related expenses in the quarter.”Ĭontact: Janet Carr, Tandy Leather Factory, Inc. Despite the continued challenges of COVID-19 affecting both our work force and supply chain, we continued to significantly improve our product offering and level of service resulting in strong consumer demand. We achieved sales growth of nearly 25% over 2020 and more than 20% over 2019. Carr continued, “Our first quarter results reflect the ongoing progress of our business strategies. Notably, with the filing of our first quarter, trading in our stock will not be affected when the amended SEC Rule 15c2-11 takes effect on September 28.” We are working to achieve this as soon as possible, although it is likely to happen after the normal filing date for our third quarter Form 10-Q. Janet Carr, Chief Executive Officer of the Company, said, “With the filing of our Form 10-Q for the first quarter, we move one step closer to being fully current in our public financial reporting. As of March 31, 2021, the Company held $10.8 million of cash and cash equivalents, versus $10.3 million at December 31, 2020. ![]() Net income was $745,000 in 2021 compared to a net loss of $1.7 million in 2020. Operating expenses were $11.2 million compared to $11.1 million in 2020. The Company’s first quarter sales were $21.4 million in 2021, up from $17.1 million in 2020. The Company continues to work diligently on completing its quarterly report for the second quarter of. (Pink: TLFA) today announced that it has filed with the Securities and Exchange Commission the Company’s Quarterly Report on Form 10-Q for the first quarter of 2021. 22, 2021 (GLOBE NEWSWIRE) - Tandy Leather Factory, Inc. ![]()
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