Trans Lux Financials
Trans Lux (TNLX) reported $12.9M in revenue for fiscal year 2024, down 17.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Trans-Lux runs a subscale operating model where improving gross economics are still overwhelmed by fixed overhead and short-term liabilities.
Recently, gross margin improved to10.6% even as revenue fell, but operating cash flow slipped to-$1.0M after a positive prior year. That combination suggests product-level economics repaired somewhat, yet the business still cannot hold onto cash because overhead and working-capital needs absorb the gain before it becomes liquidity.
The balance sheet is dominated by short-term obligations: current liabilities of
Capex was just
Financial Health Signals
Trans Lux does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Trans Lux scores -11.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($810K) relative to total liabilities ($25.1M). 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.
Trans Lux passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Trans Lux reported a net loss of $3.5M while operations used $1.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Trans Lux generated $12.9M in revenue in fiscal year 2024. This represents a decrease of 17.3% from the prior year.
Trans Lux's EBITDA was -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.2% from the prior year.
Trans Lux reported -$3.5M in net income in fiscal year 2024. This represents an increase of 14.5% from the prior year.
Trans Lux earned -$0.26 per diluted share (EPS) in fiscal year 2024. This represents an increase of 13.3% from the prior year.
Cash & Balance Sheet
Trans Lux recorded an outflow of $1.0M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 441.0% from the prior year.
Trans Lux held $371K in cash against $527K in long-term debt as of fiscal year 2024, with $22.1M of liabilities due within a year.
Not reported for fiscal year 2024.
Margins & Returns
Trans Lux's gross margin was 10.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 4.1 percentage points from the prior year.
Trans Lux's operating margin was -21.5% in fiscal year 2024, reflecting core business profitability. This is down 2.3 percentage points from the prior year.
Trans Lux's net profit margin was -27.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
Not reported for fiscal year 2024.
Capital Allocation
Trans Lux invested $4K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 98.8% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
TNLX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.9M-17.3% | $15.6M-28.2% | $21.7M+90.8% | $11.3M+20.2% | $9.4M-44.6% | $17.0M+18.3% | $14.4M-41.1% | $24.4M+15.3% | $21.2M-10.1% | $23.6M-3.3% | $24.4M+16.5% | $20.9M-9.2% | $23.0M-3.1% | $23.8M-2.3% | $24.3M |
| Cost of Revenue | $11.5M-20.9% | $14.5M-22.4% | $18.7M+49.8% | $12.5M+23.2% | $10.2M-22.2% | $13.0M+15.2% | $11.3M-45.3% | $20.7M+34.6% | $15.4M-15.1% | $18.1M-6.8% | $19.4M+19.4% | $16.3M-12.5% | $18.6M-9.6% | $20.6M+1.5% | $20.3M |
| Gross Profit | $1.4M+35.3% | $1.0M-65.6% | $2.9M+352.0% | -$1.2M-63.6% | -$708K-117.8% | $4.0M+29.8% | $3.1M-17.7% | $3.7M-35.7% | $5.8M+6.8% | $5.4M+10.7% | $4.9M+6.2% | $4.6M+4.6% | $4.4M+38.5% | $3.2M-20.9% | $4.0M |
| SG&A Expenses | $4.1M+3.3% | $4.0M+20.6% | $3.3M+7.5% | $3.1M-21.9% | $3.9M-4.7% | $4.1M-41.9% | $7.1M+7.6% | $6.6M-0.2% | $6.6M-12.7% | $7.6M-19.3% | $9.4M+16.5% | $8.1M-9.5% | $8.9M+13.3% | $7.9M-7.3% | $8.5M |
| Operating Income | -$2.8M+7.4% | -$3.0M-667.4% | -$389K+90.8% | -$4.2M+8.3% | -$4.6M-923.5% | -$451K+88.9% | -$4.0M-40.4% | -$2.9M-251.3% | -$820K+61.9% | -$2.2M+52.0% | -$4.5M-28.4% | -$3.5M+28.8% | -$4.9M-0.1% | -$4.9M+11.2% | -$5.5M |
| Interest Expense | N/A | $702K+71.2% | $410K-29.1% | $578K+36.0% | $425K-15.7% | $504K-46.4% | $940K+32.8% | $708K+89.3% | $374K+22.2% | $306K+27.5% | $240K-27.9% | $333K+12.1% | $297K-75.6% | $1.2M-23.5% | $1.6M |
| Income Tax | $25K-19.4% | $31K-11.4% | $35K0.0% | $35K+600.0% | -$7K-117.1% | $41K-12.8% | $47K+106.3% | -$751K-1037.9% | -$66K-387.0% | $23K-20.7% | $29K+107.8% | -$370K-430.4% | $112K+1500.0% | -$8K+57.9% | -$19K |
| Net Income | -$3.5M+14.5% | -$4.1M-1359.1% | $323K+106.5% | -$5.0M-2.6% | -$4.8M-245.4% | -$1.4M+70.1% | -$4.7M-64.8% | -$2.8M-366.3% | -$611K+65.1% | -$1.7M+62.2% | -$4.6M-147.6% | -$1.9M-36.9% | -$1.4M+3.7% | -$1.4M+79.8% | -$7.0M |
| EPS (Diluted) | -$0.26+13.3% | -$0.30 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TNLX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.8M-6.5% | $8.3M-11.5% | $9.4M+8.8% | $8.7M+22.6% | $7.1M-42.4% | $12.3M+6.9% | $11.5M-23.5% | $15.0M+11.7% | $13.4M+3.3% | $13.0M-14.8% | $15.2M-17.6% | $18.5M-16.2% | $22.1M-19.6% | $27.5M-17.9% | $33.4M |
| Current Assets | $4.7M+9.9% | $4.2M-36.5% | $6.7M+31.0% | $5.1M+54.7% | $3.3M-44.2% | $5.9M+5.2% | $5.6M-29.6% | $8.0M+26.8% | $6.3M+6.3% | $5.9M-2.4% | $6.1M-7.4% | $6.5M-4.6% | $6.9M-17.5% | $8.3M-5.1% | $8.8M |
| Cash & Equivalents | $371K+100.5% | $185K+285.4% | $48K-90.8% | $524K+1118.6% | $43K-82.7% | $248K-65.7% | $723K-3.2% | $747K+23.3% | $606K+10.8% | $547K-15.8% | $650K+1081.8% | $55K-95.3% | $1.2M+5.0% | $1.1M+178.6% | $398K |
| Inventory | $2.1M-11.4% | $2.4M-12.9% | $2.7M+212.5% | $871K-43.5% | $1.5M-29.3% | $2.2M-0.9% | $2.2M+1.7% | $2.2M+14.3% | $1.9M+0.9% | $1.9M+3.6% | $1.8M-28.2% | $2.5M+2.2% | $2.5M-14.2% | $2.9M-40.7% | $4.9M |
| Accounts Receivable | $1.7M+11.6% | $1.5M-45.9% | $2.8M+31.8% | $2.1M+55.5% | $1.4M-42.0% | $2.4M+4.8% | $2.3M-35.5% | $3.5M+13.0% | $3.1M+8.0% | $2.9M+3.2% | $2.8M+17.3% | $2.4M+24.1% | $1.9M-6.7% | $2.1M-30.6% | $3.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $744K0.0% | $744K0.0% | $744K0.0% | $744K0.0% | $744K0.0% | $744K0.0% | $744K0.0% | $744K0.0% | $744K-8.1% | $810K |
| Total Liabilities | $25.1M+11.3% | $22.5M+14.2% | $19.7M+0.7% | $19.6M+39.0% | $14.1M+0.8% | $14.0M-27.2% | $19.2M+1.8% | $18.9M+28.6% | $14.7M+11.7% | $13.1M-23.2% | $17.1M+0.6% | $17.0M-15.0% | $20.0M-32.7% | $29.7M-11.0% | $33.4M |
| Current Liabilities | $22.1M+21.8% | $18.1M+13.5% | $16.0M+7.0% | $14.9M+55.9% | $9.6M+6.7% | $9.0M-36.3% | $14.1M+2.6% | $13.7M+33.5% | $10.3M+22.7% | $8.4M-26.9% | $11.5M-8.3% | $12.5M-13.9% | $14.5M-20.0% | $18.2M-31.1% | $26.4M |
| Long-Term Debt | $527K-1.5% | $535K+7.0% | $500K0.0% | $500K+85.9% | $269K-58.6% | $650K-55.0% | $1.4M-5.7% | $1.5M+175.4% | $557K+112.6% | $262K-85.5% | $1.8M+359.6% | $394K-13.4% | $455K-11.1% | $512K | N/A |
| Total Equity | -$17.3M-21.8% | -$14.2M-37.6% | -$10.3M+5.7% | -$10.9M-55.3% | -$7.0M-304.2% | -$1.7M+77.5% | -$7.8M-98.5% | -$3.9M-206.5% | -$1.3M-717.9% | -$156K+91.6% | -$1.9M-224.5% | $1.5M-27.8% | $2.1M+191.2% | -$2.3M-7703.3% | $30K |
| Retained Earnings | -$50.2M-7.4% | -$46.7M-9.5% | -$42.7M+0.8% | -$43.0M-13.1% | -$38.0M-14.6% | -$33.2M-4.7% | -$31.7M-17.8% | -$26.9M-12.8% | -$23.8M-3.4% | -$23.1M-8.2% | -$21.3M-27.8% | -$16.7M-12.6% | -$14.8M-10.2% | -$13.4M-11.8% | -$12.0M |
TNLX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.0M-261.1% | $622K+131.6% | -$2.0M-1336.5% | -$137K+92.7% | -$1.9M+56.6% | -$4.3M-306.1% | -$1.1M-31.9% | -$810K-4.9% | -$772K+69.9% | -$2.6M-59.6% | -$1.6M-33.4% | -$1.2M-614.1% | $234K+166.5% | -$352K-120.5% | $1.7M |
| Capital Expenditures | $4K-98.8% | $327K+1716.7% | $18K | N/A | $174K-53.8% | $377K+169.3% | $140K-36.9% | $222K-89.1% | $2.0M+1064.0% | $175K+110.8% | $83K-58.3% | $199K+176.4% | $72K+12.5% | $64K-60.2% | $161K |
| Free Cash Flow | -$1.0M-441.0% | $295K+114.9% | -$2.0M | N/A | -$2.1M+56.4% | -$4.7M-290.2% | -$1.2M-17.1% | -$1.0M+63.3% | -$2.8M-2.7% | -$2.7M-62.1% | -$1.7M-20.4% | -$1.4M-965.4% | $162K+138.9% | -$416K-126.7% | $1.6M |
| Investing Cash Flow | -$4K+98.8% | -$327K-1716.7% | -$18K | N/A | -$190K+54.9% | -$421K-200.7% | -$140K+36.9% | -$222K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $1.2M+2740.5% | $42K-97.2% | $1.5M+144.3% | $618K-15.7% | $733K-83.8% | $4.5M+392.6% | $918K-46.6% | $1.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $3.2M-3.0% | $3.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TNLX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.5%+4.1pp | 6.5%-7.0pp | 13.5%+23.7pp | -10.2%-2.7pp | -7.5%-30.9pp | 23.4%+2.1pp | 21.3%+6.1pp | 15.3%-12.1pp | 27.4%+4.3pp | 23.1%+2.9pp | 20.2%-2.0pp | 22.1%+2.9pp | 19.2%+5.8pp | 13.4%-3.2pp | 16.6% |
| Operating Margin | -21.5%-2.3pp | -19.2%-17.4pp | -1.8%+35.5pp | -37.3%+11.6pp | -48.9%-46.2pp | -2.6%+25.4pp | -28.1%-16.3pp | -11.8%-7.9pp | -3.9%+5.3pp | -9.1%+9.3pp | -18.4%-1.7pp | -16.7%+4.6pp | -21.3%-0.7pp | -20.6%+2.1pp | -22.7% |
| Net Margin | -27.1%-0.9pp | -26.2%-27.6pp | 1.5%+45.3pp | -43.8%+7.5pp | -51.3%-43.1pp | -8.2%+24.4pp | -32.6%-20.9pp | -11.7%-8.8pp | -2.9%+4.5pp | -7.4%+11.6pp | -19.0%-10.1pp | -8.9%-3.0pp | -5.9%0.0pp | -6.0%+23.0pp | -28.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -124.5%-58.9pp | -65.6% | N/A | -23453.3% |
| Return on Assets | -44.6%+4.2pp | -48.8%-52.3pp | 3.4%+60.9pp | -57.4%+11.2pp | -68.7%-57.2pp | -11.4%+29.5pp | -40.9%-21.9pp | -19.0%-14.5pp | -4.5%+8.9pp | -13.5%+16.9pp | -30.4%-20.3pp | -10.1%-3.9pp | -6.2%-1.0pp | -5.2%+15.9pp | -21.0% |
| Current Ratio | 0.210.0x | 0.23-0.2x | 0.42+0.1x | 0.340.0x | 0.34-0.3x | 0.66+0.3x | 0.40-0.2x | 0.580.0x | 0.61-0.1x | 0.71+0.2x | 0.530.0x | 0.52+0.1x | 0.470.0x | 0.46+0.1x | 0.33 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.260.0x | 0.22 | N/A | 1113.73 |
| FCF Margin | -7.8%-9.7pp | 1.9%+11.1pp | -9.2% | N/A | -21.8%+5.9pp | -27.7%-19.3pp | -8.4%-4.2pp | -4.2%+9.0pp | -13.3%-1.7pp | -11.6%-4.7pp | -6.9%-0.2pp | -6.7%-7.4pp | 0.7%+2.5pp | -1.8%-8.2pp | 6.4% |
Note: Shareholder equity is negative (-$17.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.21), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Trans Lux Ranks
Frequently Asked Questions
What is Trans Lux's annual revenue?
Trans Lux (TNLX) reported $12.9M in total revenue for fiscal year 2024. This represents a -17.3% 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 Trans Lux's revenue growing?
Trans Lux (TNLX) revenue declined by 17.3% year-over-year, from $15.6M to $12.9M in fiscal year 2024.
Is Trans Lux profitable?
No, Trans Lux (TNLX) reported a net income of -$3.5M in fiscal year 2024, with a net profit margin of -27.1%.
What is Trans Lux's EBITDA?
Trans Lux (TNLX) had EBITDA of -$2.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Trans Lux have?
As of fiscal year 2024, Trans Lux (TNLX) had $371K in cash and equivalents against $527K in long-term debt.
What is Trans Lux's gross margin?
Trans Lux (TNLX) had a gross margin of 10.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Trans Lux's operating margin?
Trans Lux (TNLX) had an operating margin of -21.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Trans Lux's net profit margin?
Trans Lux (TNLX) had a net profit margin of -27.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Trans Lux's free cash flow?
Trans Lux (TNLX) recorded an outflow of $1.0M in free cash flow during fiscal year 2024. This represents a -441.0% 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 Trans Lux's operating cash flow?
Trans Lux (TNLX) recorded an outflow of $1.0M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Trans Lux's total assets?
Trans Lux (TNLX) had $7.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Trans Lux's capital expenditures?
Trans Lux (TNLX) invested $4K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Trans Lux's current ratio?
Trans Lux (TNLX) had a current ratio of 0.21 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Trans Lux's return on assets (ROA)?
Trans Lux (TNLX) had a return on assets of -44.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Trans Lux's cash runway?
Based on fiscal year 2024 data, Trans Lux (TNLX) had $371K in cash against an annual operating cash burn of $1.0M. This gives an estimated cash runway of approximately 4 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.
Why is Trans Lux's debt-to-equity ratio negative or not reported?
Trans Lux (TNLX) has negative shareholder equity of -$17.3M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Trans Lux's Altman Z-Score?
Trans Lux (TNLX) has an Altman Z-Score of -11.20, 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 Trans Lux's Piotroski F-Score?
Trans Lux (TNLX) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 Trans Lux's earnings high quality?
Trans Lux (TNLX) reported a net loss of $3.5M while operations used $1.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.