Emerson Radio Financials
This page shows Emerson Radio (MSN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth is not translating into margin; the business is burning cash as each added sales dollar carries less gross profit.
Between FY2023 and FY2025, revenue increased by about half while gross margin fell from29.3% to8.4% ; the sales recovery came with much weaker unit economics, so added volume amplified losses instead of covering overhead. FY2024’s positive net income of$766K alongside-$5.3M of operating cash flow and a negative operating margin shows that reported profit that year did not come from the core selling activity.
The balance sheet is lightly leveraged, but that is less protective than it first appears: cash fell from
This looks like a business with a fixed overhead problem: FY2025 gross profit was only
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Emerson Radio's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Emerson Radio scores 1.25, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7.7M) relative to total liabilities ($1.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Emerson Radio passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Emerson Radio generates $0.87 in operating cash flow (-$3.7M OCF vs -$4.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Emerson Radio earns $-324.7 in operating income for every $1 of interest expense (-$4.9M vs $15K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Emerson Radio generated $6.3M in revenue in fiscal year 2026. This represents a decrease of 41.5% from the prior year.
Emerson Radio's EBITDA was -$4.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.5% from the prior year.
Emerson Radio reported -$4.3M in net income in fiscal year 2026. This represents an increase of 9.1% from the prior year.
Emerson Radio earned $-0.20 per diluted share (EPS) in fiscal year 2026. This represents an increase of 9.1% from the prior year.
Cash & Balance Sheet
Emerson Radio generated -$3.7M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 3.2% from the prior year.
Emerson Radio held $9.2M in cash against $0 in long-term debt as of fiscal year 2026.
Emerson Radio had 21M shares outstanding in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Margins & Returns
Emerson Radio's gross margin was 1.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 6.9 percentage points from the prior year.
Emerson Radio's operating margin was -77.2% in fiscal year 2026, reflecting core business profitability. This is down 25.1 percentage points from the prior year.
Emerson Radio's net profit margin was -68.2% in fiscal year 2026, showing the share of revenue converted to profit. This is down 24.3 percentage points from the prior year.
Emerson Radio's ROE was -25.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.0 percentage points from the prior year.
Capital Allocation
Emerson Radio invested $0 in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
MSN Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M-19.1% | $1.9M+55.6% | $1.2M-27.5% | $1.7M-9.3% | $1.8M-53.9% | $4.0M+46.2% | $2.7M+24.6% | $2.2M |
| Cost of Revenue | $1.7M-2.0% | $1.7M+38.6% | $1.2M-26.9% | $1.7M-12.5% | $1.9M-45.8% | $3.5M+42.4% | $2.5M+23.1% | $2.0M |
| Gross Profit | -$122K-159.2% | $206K+20700.0% | -$1K-109.1% | $11K+119.6% | -$56K-111.4% | $491K+80.5% | $272K+40.2% | $194K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.4M+37.3% | $1.0M-13.6% | $1.2M-9.5% | $1.3M-46.9% | $2.5M+103.2% | $1.2M-11.9% | $1.4M-1.9% | $1.4M |
| Operating Income | -$1.5M-86.3% | -$826K+30.9% | -$1.2M+8.6% | -$1.3M+48.5% | -$2.5M-246.9% | -$733K+34.4% | -$1.1M+8.6% | -$1.2M |
| Interest Expense | -$439K-432.6% | $132K-13.7% | $153K-9.5% | $169K+124.3% | -$696K-437.9% | $206K-12.7% | $236K-10.3% | $263K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $3K |
| Net Income | -$1.4M-105.0% | -$694K+33.5% | -$1.0M+8.5% | -$1.1M+51.7% | -$2.4M-348.0% | -$527K+40.2% | -$881K+8.4% | -$962K |
| EPS (Diluted) | N/A | $-0.03+40.0% | $-0.050.0% | $-0.05 | N/A | $-0.03+25.0% | $-0.04 | $-0.05 |
MSN Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.6M-7.5% | $20.1M-2.8% | $20.7M-11.1% | $23.3M-1.0% | $23.5M-10.7% | $26.4M-0.8% | $26.6M-6.6% | $28.5M |
| Current Assets | $18.1M-7.4% | $19.6M-2.6% | $20.1M-11.2% | $22.6M-0.7% | $22.8M-10.8% | $25.6M-0.6% | $25.7M-7.7% | $27.9M |
| Cash & Equivalents | $9.2M+119.3% | $4.2M+338.6% | $956K-42.2% | $1.7M+39.5% | $1.2M+72.1% | $689K+48.5% | $464K-83.7% | $2.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.3M-11.2% | $1.5M+21.0% | $1.2M-9.3% | $1.3M-11.5% | $1.5M-57.3% | $3.5M+66.3% | $2.1M+22.4% | $1.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.4M-5.9% | $1.5M+8.6% | $1.4M-52.2% | $3.0M+45.0% | $2.0M-18.5% | $2.5M+14.2% | $2.2M-31.5% | $3.2M |
| Current Liabilities | $1.3M-3.6% | $1.3M+14.0% | $1.2M-56.3% | $2.7M+55.9% | $1.7M-19.9% | $2.1M+19.6% | $1.8M-23.5% | $2.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $17.2M-7.6% | $18.6M-3.6% | $19.3M-5.1% | $20.4M-5.3% | $21.5M-9.9% | $23.9M-2.2% | $24.4M-3.5% | $25.3M |
| Retained Earnings | -$33.2M-4.5% | -$31.8M-2.2% | -$31.1M-3.5% | -$30.1M-3.9% | -$28.9M-8.9% | -$26.6M-2.0% | -$26.0M-3.5% | -$25.2M |
MSN Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$940K-312.3% | -$228K+88.8% | -$2.0M-296.5% | -$514K-31.5% | -$391K-33.4% | -$293K+86.2% | -$2.1M-152.7% | -$840K |
| Capital Expenditures | $0 | $0 | $0 | $0 | $0-100.0% | $8K+14.3% | $7K-96.1% | $180K |
| Free Cash Flow | -$940K-312.3% | -$228K+88.8% | -$2.0M-296.5% | -$514K-31.5% | -$391K-29.9% | -$301K+85.9% | -$2.1M-108.8% | -$1.0M |
| Investing Cash Flow | $5.9M+71.5% | $3.5M+158.6% | $1.3M+36.3% | $983K+10.7% | $888K+73.1% | $513K+306.0% | -$249K+98.5% | -$16.2M |
| Financing Cash Flow | $0 | $0+100.0% | -$1K | $0 | $0-100.0% | $5K+183.3% | -$6K-185.7% | $7K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MSN Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -8.0%-18.9pp | 10.9%+11.0pp | -0.1%-0.7pp | 0.7%+3.7pp | -3.0%-15.3pp | 12.3%+2.3pp | 9.9%+1.1pp | 8.8% |
| Operating Margin | -100.6%-57.0pp | -43.7%+54.8pp | -98.4%-20.3pp | -78.1%+59.6pp | -137.8%-119.4pp | -18.3%+22.5pp | -40.8%+14.8pp | -55.6% |
| Net Margin | -93.1%-56.4pp | -36.7%+49.1pp | -85.8%-17.8pp | -68.1%+59.8pp | -127.9%-114.7pp | -13.2%+19.0pp | -32.2%+11.6pp | -43.8% |
| Return on Equity | -8.3%-4.5pp | -3.7%+1.7pp | -5.4%+0.2pp | -5.6%+5.4pp | -11.0%-8.8pp | -2.2%+1.4pp | -3.6%+0.2pp | -3.8% |
| Return on Assets | -7.6%-4.2pp | -3.4%+1.6pp | -5.0%-0.1pp | -4.9%+5.1pp | -10.0%-8.0pp | -2.0%+1.3pp | -3.3%+0.1pp | -3.4% |
| Current Ratio | 14.16-0.6 | 14.75-2.5 | 17.25+8.8 | 8.49-4.8 | 13.33+1.4 | 11.98-2.4 | 14.41+2.5 | 11.94 |
| Debt-to-Equity | 0.080.0 | 0.080.0 | 0.07-0.1 | 0.14+0.1 | 0.09-0.0 | 0.10+0.0 | 0.09-0.0 | 0.13 |
| FCF Margin | -61.5%-49.4pp | -12.1%+155.7pp | -167.7%-137.1pp | -30.7%-9.5pp | -21.2%-13.7pp | -7.5%+70.3pp | -77.8%-31.4pp | -46.4% |
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Frequently Asked Questions
What is Emerson Radio's annual revenue?
Emerson Radio (MSN) reported $6.3M in total revenue for fiscal year 2026. This represents a -41.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Emerson Radio's revenue growing?
Emerson Radio (MSN) revenue declined by 41.5% year-over-year, from $10.8M to $6.3M in fiscal year 2026.
Is Emerson Radio profitable?
No, Emerson Radio (MSN) reported a net income of -$4.3M in fiscal year 2026, with a net profit margin of -68.2%.
What is Emerson Radio's EBITDA?
Emerson Radio (MSN) had EBITDA of -$4.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Emerson Radio's gross margin?
Emerson Radio (MSN) had a gross margin of 1.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Emerson Radio's operating margin?
Emerson Radio (MSN) had an operating margin of -77.2% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Emerson Radio's net profit margin?
Emerson Radio (MSN) had a net profit margin of -68.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Emerson Radio's return on equity (ROE)?
Emerson Radio (MSN) has a return on equity of -25.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Emerson Radio's free cash flow?
Emerson Radio (MSN) generated -$3.7M in free cash flow during fiscal year 2026. This represents a 3.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Emerson Radio's operating cash flow?
Emerson Radio (MSN) generated -$3.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Emerson Radio's total assets?
Emerson Radio (MSN) had $18.6M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Emerson Radio's capital expenditures?
Emerson Radio (MSN) invested $0 in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Emerson Radio's current ratio?
Emerson Radio (MSN) had a current ratio of 14.16 as of fiscal year 2026, which is generally considered healthy.
What is Emerson Radio's debt-to-equity ratio?
Emerson Radio (MSN) had a debt-to-equity ratio of 0.08 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Emerson Radio's return on assets (ROA)?
Emerson Radio (MSN) had a return on assets of -23.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Emerson Radio's cash runway?
Based on fiscal year 2026 data, Emerson Radio (MSN) had $9.2M in cash against an annual operating cash burn of $3.7M. This gives an estimated cash runway of approximately 30 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Emerson Radio's Altman Z-Score?
Emerson Radio (MSN) has an Altman Z-Score of 1.25, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Emerson Radio's Piotroski F-Score?
Emerson Radio (MSN) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Emerson Radio's earnings high quality?
Emerson Radio (MSN) has an earnings quality ratio of 0.87x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Emerson Radio cover its interest payments?
Emerson Radio (MSN) has an interest coverage ratio of -324.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Emerson Radio?
Emerson Radio (MSN) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.