Tandy Leather Factory Reports Third Quarter 2025 Results

Core Insights - Tandy Leather Factory, Inc. reported third quarter sales of $17.3 million in 2025, a slight decrease of 0.5% from $17.4 million in 2024 [1][4] - The company achieved a gross profit of $10.2 million, an increase from $10.0 million in the previous year [1] - The company ended the quarter with $12.0 million in cash and cash equivalents, up from $10.0 million a year earlier, reflecting proceeds from the sale of its corporate headquarters [1] - The company reported a net loss of $1.4 million for the quarter, compared to a net loss of $0.1 million in 2024 [4] Financial Performance - Gross margins improved to 58.9%, up from 57.8% in 2024 [4] - Operating expenses increased by 5.4% to $10.8 million [4] - Adjusted EBITDA from operations was reported at ($0.4) million [4] - Basic and diluted net losses per share were $0.17, compared to $0.02 in the prior year [1] Operational Highlights - The relocation of the headquarters and distribution center was deemed a success, with retail store sales exceeding last year's figures [2] - Online order shipments were impacted during the move, but operations have resumed from the new location [2] - The company is optimistic about a solid fourth quarter performance in both retail and online channels [2]