Emerson Radio Corporation has reported its financial results for the fiscal year ending March 31, 2025. The company saw an increase in net product sales, primarily from houseware and audio products, which rose to $10.4 million from $8.7 million in fiscal 2024, marking a 20.4% increase. Net revenues also grew to $10.8 million, up from $9.1 million in the previous fiscal year, driven by higher sales of houseware products and an increase in licensing revenue. Despite the increase in sales, the company reported a net loss of $4.7 million for fiscal 2025, a significant downturn from a net income of $766,000 in fiscal 2024. The operating loss widened to $5.6 million from $3.4 million in the previous year. The rise in cost of sales, which increased by approximately $2.4 million to $9.9 million, contributed to the financial loss. The company did not record any royalty income for fiscal 2025, compared to $175,000 in fiscal 2024, due to the completion of inventory sell-off agreements in the previous year. Emerson Radio Corporation has not provided any specific outlook or guidance for the upcoming fiscal year.
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