Here are the 10-K annual reports from Emerson Radio Corp. (MSN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MSN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSN filings page.
Emerson Radio Corp. filed its annual report, showing a sharp drop in sales and continued losses. Net revenues for the year ended March 31, 2026 were $6.3 million, down from $10.8 million in 2025, as net product sales fell 43% to $5.9 million.
The company posted an operating loss of $4.9 million and a net loss of $4.3 million, modestly better than the prior year’s $4.7 million net loss. Emerson’s business remains highly concentrated: in fiscal 2026 Amazon and Fred Meyer represented 42% and 13% of net revenues, and microwave ovens alone generated 69% of gross product sales.
All finished goods are sourced from OEMs in China, exposing Emerson to tariffs, supply chain disruption, and geopolitical risk, particularly evolving U.S.–China trade policies. The company also relies heavily on a small group of suppliers and third‑party sales representatives, and identifies extensive regulatory, cybersecurity, governance and tax risks, while emphasizing the importance of its Emerson® brand and licensing income.