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General information

Country: UNITED STATES

Sector: Consumer Electronics

Emerson Radio Corp. engages in the design, sourcing, importation, and marketing of a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis. The company is headquartered in Parsippany, New Jersey and currently employs 27 full-time employees. The firm also licenses its trademarks for a range of products around the world. Its product and branded categories consist of Houseware Products, which include microwave ovens and compact refrigerators; Audio Products, including clock radios, and Other, which consists of televisions, mobile and landline telephones and accessories, tablet computers and accessories, cameras and video cameras and accessories, and miscellaneous electronic and novelty products. Its product categories include bottle openers and wine coolers, microwaves, small appliances and refrigeration. Its products include bottle cooler/warmer, electric wine bottle opener, table-top electronic wine cooler, 700W microwave oven, coffee/espresso/capuccino maker and 3.1 CU.FT. compressor type compact fridge. Its trademarks include Emerson, Emerson Research, H.H. Scott, iDEA, IDIVA, Olevia, Scott and SmartSet.
Website: emersonradio.com



Growth: Good revenue growth rate 50.0%, there is acceleration compared to average historical growth rates 43.1%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is negative, -33.3%. On average the margin is improving steadily. Gross margin is low, +18.2%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -50.6% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 10.4% higher than minimum and 62.5% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.2x by EV / Sales multiple

Key Financials (Download financials)

Ticker: MSN
Share price, USD:  (+3.0%)0.563
year average price 0.5529  


year start price 0.5258 2023-04-28

max close price 0.6100 2023-05-16

min close price 0.5132 2024-02-20

current price 0.5630 2024-04-26
Common stocks: 21 042 652

Dividend Yield:  0.0%
Last revenue growth (y/y):  50.0%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  43.1%
Historical growth of EBITDA:  ---
EV / Sales: -0.4x
Margin (EBITDA LTM / Revenue): -33.3%
Fundamental value created in LTM:
Market Cap ($m): 12
Net Debt ($m): -18
EV (Enterprise Value): -6
Price to Book: 0.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol MSN MSN MSN MSN MSN MSN
reportedCurrency USD USD USD USD USD USD
cik 32 621 32 621 32 621 32 621 32 621 32 621
fillingDate 2024-02-20 2023-09-30 2023-08-14 2023-06-26 2023-02-14 2022-11-14
acceptedDate 2024-02-20 16:05:43 2023-09-29 20:00:00 2023-08-14 16:00:32 2023-06-26 16:00:34 2023-02-14 16:00:50 2022-11-14 16:00:40
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
revenue 3M 2M 2M 2M 2M 2M
costOfRevenue 2M 2M 1M 2M 1M 1M
grossProfit 478 000 398 000 339 000 344 000 571 000 991 000
grossProfitRatio 0.182 0.163 0.187 0.184 0.296 0.431
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 1M 1M 1M 511 000 1M 1M
otherExpenses 0 0 0 34 000 -4000.000 -8000.000
operatingExpenses 1M 1M 1M 511 000 1M 1M
costAndExpenses 3M 3M 3M 2M 2M 3M
interestIncome 289 000 289 000 294 000 288 000 235 000 139 000
interestExpense 0 0 0 434 000 -235 000 139 000
depreciationAndAmortization 51 000 49 000 38 000 46 000 53 000 53 000
ebitda -673 000 -4M -821 000 591 000 -423 000 -239 000
ebitdaratio -0.257 -1.525 -0.454 0.316 -0.219 -0.104
operatingIncome -724 000 -666 000 -859 000 545 000 -476 000 -292 000
operatingIncomeRatio -0.276 -0.273 -0.475 0.291 -0.246 -0.127
totalOtherIncomeExpensesNet 289 000 3M 294 000 -434 000 235 000 139 000
incomeBeforeTax -435 000 3M -565 000 111 000 -241 000 -153 000
incomeBeforeTaxRatio -0.166 1.117 -0.312 0.059 -0.125 -0.067
incomeTaxExpense -14 000 88 000 0 434 000 -235 000 139 000
netIncome -421 000 3M -565 000 -323 000 -6000.000 -292 000
netIncomeRatio -0.161 1.081 -0.312 -0.173 -0.003 -0.127
eps -0.020 0.130 -0.027 -0.015 -0.000 -0.014
epsdiluted -0.020 0.130 -0.027 -0.015 -0.000 -0.014
weightedAverageShsOut 21M 21M 21M 21M 21M 21M
weightedAverageShsOutDil 21M 21M 21M 21M 21M 21M
link Link Link Link Link Link
finalLink Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol MSN MSN MSN MSN MSN MSN
reportedCurrency USD USD USD USD USD USD
cik 32 621 32 621 32 621 32 621 32 621 32 621
fillingDate 2024-02-20 2023-09-30 2023-08-14 2023-06-26 2023-02-14 2022-11-14
acceptedDate 2024-02-20 16:05:43 2023-09-29 20:00:00 2023-08-14 16:00:32 2023-06-26 16:00:34 2023-02-14 16:00:50 2022-11-14 16:00:40
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 4M 21M 25M 25M 27M 28M
shortTermInvestments 19M 0 0 0 0 0
cashAndShortTermInvestments 22M 21M 25M 25M 27M 28M
netReceivables 1M 2M 1M 1M 1M 1M
inventory 6M 6M 4M 4M 2M 3M
otherCurrentAssets 364 000 414 000 296 000 357 000 254 000 505 000
totalCurrentAssets 30M 29M 30M 31M 32M 32M
propertyPlantEquipmentNet 419 000 448 000 214 000 202 000 248 000 301 000
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0
longTermInvestments 0 0 0 0 0 0
taxAssets 0 0 0 0 0 0
otherNonCurrentAssets 84 000 84 000 84 000 74 000 90 000 90 000
totalNonCurrentAssets 503 000 532 000 298 000 276 000 338 000 391 000
otherAssets 0 0 0 0 0 0
totalAssets 30M 30M 31M 31M 32M 32M
accountPayables 1M 580 000 705 000 641 000 514 000 642 000
shortTermDebt 129 000 163 000 143 000 140 000 146 000 168 000
taxPayables 609 000 622 000 401 000 401 000 401 000 401 000
deferredRevenue 212 000 0 3M 3M 4M 4M
otherCurrentLiabilities 610 000 623 000 402 000 402 000 402 000 401 000
totalCurrentLiabilities 2M 1M 4M 5M 5M 5M
longTermDebt 208 000 219 000 25 000 62 000 99 000 133 000
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 668 000 668 000 1M 1M 1M 1M
totalNonCurrentLiabilities 876 000 887 000 1M 1M 1M 1M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 337 000 382 000 168 000 202 000 245 000 301 000
totalLiabilities 3M 2M 6M 6M 7M 7M
preferredStock 3M 3M 3M 3M 3M 3M
commonStock 529 000 529 000 529 000 529 000 529 000 529 000
retainedEarnings -23M -23M -26M -25M -25M -25M
accumulatedOtherComprehensiveIncomeLoss -3M -0.000 -3M 0 0 0
othertotalStockholdersEquity 50M 47M 50M 47M 47M 47M
totalStockholdersEquity 27M 28M 25M 25M 25M 26M
totalEquity 27M 28M 25M 25M 25M 26M
totalLiabilitiesAndStockholdersEquity 30M 30M 31M 31M 32M 32M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 30M 30M 31M 31M 32M 32M
totalInvestments 19M 0 0 0 0 0
totalDebt 337 000 382 000 168 000 202 000 245 000 301 000
netDebt -3M -20M -25M -25M -27M -27M
link Link Link Link Link Link
finalLink Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol MSN MSN MSN MSN MSN MSN
reportedCurrency USD USD USD USD USD USD
cik 32 621 32 621 32 621 32 621 32 621 32 621
fillingDate 2024-02-20 2023-09-30 2023-08-14 2023-06-26 2023-02-14 2022-11-14
acceptedDate 2024-02-20 16:05:43 2023-09-29 20:00:00 2023-08-14 16:00:32 2023-06-26 16:00:34 2023-02-14 16:00:50 2022-11-14 16:00:40
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
netIncome -421 000 3M -565 000 111 000 -241 000 -153 000
depreciationAndAmortization 51 000 49 000 38 000 46 000 53 000 53 000
deferredIncomeTax 0 0 0 0 0 0
stockBasedCompensation 0 0 0 0 0 0
changeInWorkingCapital 2M -6M -42 000 -2M -355 000 3M
accountsReceivables 725 000 -665 000 -46 000 -235 000 80 000 -520 000
inventory -21 000 -2M 106 000 -1M 214 000 -126 000
accountsPayables 707 000 -125 000 64 000 127 000 -128 000 -205 000
otherWorkingCapital 231 000 -4M -166 000 -604 000 -521 000 4M
otherNonCashItems 21 000 21 000 22 000 -3000.000 64 000 10000.000
netCashProvidedByOperatingActivities 1M -4M -547 000 -2M -479 000 3M
investmentsInPropertyPlantAndEquipment -22 000 -35 000 -50 000 0 0 0
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments -19M 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites -19M 0 0 0 0 0
netCashUsedForInvestingActivites -19M -35 000 -50 000 0 0 0
debtRepayment 0 0 0 0 0 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites 0 0 0 0 0 0
netCashUsedProvidedByFinancingActivities 0 0 0 0 0 0
effectOfForexChangesOnCash 0 0 0 0 0 0
netChangeInCash -17M -4M -597 000 -2M -479 000 3M
cashAtEndOfPeriod 4M 21M 25M 25M 27M 28M
cashAtBeginningOfPeriod 21M 25M 25M 27M 28M 25M
operatingCashFlow 1M -4M -547 000 -2M -479 000 3M
capitalExpenditure -22 000 -35 000 -50 000 0 0 0
freeCashFlow 1M -4M -597 000 -2M -479 000 3M
link Link Link Link Link Link
finalLink Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2023-10-02 07:44 ET
Bain Capital Leads Masan Group's Equity Funding Round of Up to US$500 Million

SEC forms

Show financial reports only

SEC form 10
2024-02-20 16:05 ET
Emerson Radio reported for 2023 q4
SEC form 10
2024-02-20 00:00 ET
Emerson Radio published news for 2023 q4
SEC form 10
2023-11-14 16:00 ET
Emerson Radio published news for 2023 q3
SEC form 10
2023-11-14 00:00 ET
Emerson Radio reported for 2023 q3
SEC form 10
2023-08-14 16:00 ET
Emerson Radio published news for 2023 q2
SEC form 10
2023-08-14 00:00 ET
Emerson Radio reported for 2023 q2
SEC form 6
2023-07-27 07:30 ET
Emerson Radio published news for 2023 q2
SEC form 10
2023-06-26 16:00 ET
Emerson Radio published news for 2023 q1
SEC form 10
2023-06-26 00:00 ET
Emerson Radio reported for 2023 q1
SEC form 6
2023-03-28 06:30 ET
Emerson Radio published news for 2022 q4
SEC form 6
2023-02-21 16:30 ET
Emerson Radio published news for 2022 q4
SEC form 10
2023-02-14 16:00 ET
Emerson Radio reported for 2022 q4
SEC form 10
2023-02-14 00:00 ET
Emerson Radio reported for 2022 q4
SEC form 10
2022-11-14 16:00 ET
Emerson Radio reported for 2022 q3
SEC form 10
2022-11-14 00:00 ET
Emerson Radio reported for 2022 q3
SEC form 10
2022-08-15 16:01 ET
Emerson Radio reported for 2022 q2
SEC form 10
2022-08-15 00:00 ET
Emerson Radio reported for 2022 q2
SEC form 6
2022-07-27 16:52 ET
Emerson Radio published news for 2022 q2
SEC form 10
2022-06-23 16:01 ET
Emerson Radio reported for 2022 q1
SEC form 10
2022-06-23 00:00 ET
Emerson Radio reported for 2022 q1
SEC form 6
2022-03-25 17:01 ET
Emerson Radio published news for 2021 q4
SEC form 6
2022-02-24 16:19 ET
Emerson Radio published news for 2021 q4
SEC form 10
2022-02-14 16:01 ET
Emerson Radio published news for 2021 q4
SEC form 10
2022-02-14 00:00 ET
Emerson Radio published news for 2021 q4
SEC form 6
2022-01-21 17:12 ET
Emerson Radio published news for 2021 q4
SEC form 6
2022-01-18 17:28 ET
Emerson Radio published news for 2021 q4
SEC form 6
2022-01-13 16:37 ET
Emerson Radio published news for 2021 q4
SEC form 10
2021-11-15 16:04 ET
Emerson Radio published news for 2021 q3
SEC form 10
2021-11-15 00:00 ET
Emerson Radio published news for 2021 q3
SEC form 10
2021-08-16 16:01 ET
Emerson Radio published news for 2021 q2
SEC form 10
2021-08-16 00:00 ET
Emerson Radio published news for 2021 q2
SEC form 6
2021-07-29 06:42 ET
Emerson Radio published news for 2021 q2
SEC form 6
2021-07-20 17:00 ET
Emerson Radio published news for 2021 q2
SEC form 10
2021-06-25 16:01 ET
Emerson Radio published news for 2021 q1
SEC form 10
2021-06-25 00:00 ET
Emerson Radio published news for 2021 q1
SEC form 6
2021-06-04 16:20 ET
Emerson Radio published news for 2021 q1
SEC form 6
2021-03-29 16:21 ET
Emerson Radio published news for 2020 q4
SEC form 6
2021-02-19 06:30 ET
Emerson Radio published news for 2020 q4
SEC form 10
2021-02-16 16:00 ET
Emerson Radio published news for 2020 q4
SEC form 10
2020-11-16 16:01 ET
Emerson Radio published news for 2020 q3