Richardson Electronics Reports Second Quarter Fiscal 2020 Results and Declares Quarterly Cash Dividend

 

Richardson Electronics, Ltd.
Unaudited Consolidated Statements of Comprehensive Loss
(in thousands, except per share amounts)

   Three Months Ended  Six Months Ended 
   November 30, 2019  December 1, 2018  November 30, 2019  December 1, 2018 
Statements of Comprehensive Loss             
Net sales $39,634 $41,314 $80,287 $85,471 
Cost of sales  26,954  28,343  54,656  58,547 
Gross profit   12,680   12,971   25,631   26,924 
Selling, general and administrative expenses  13,161  13,425  26,008  26,524 
Loss on disposal of assets      1   
Operating (loss) income   (481 )  (454 )  (378 )   400  
Other expense (income):                          
Investment/interest income     (123 )   (121 )   (243 )   (247 )
Foreign exchange loss (gain)     199     (211 )   89     75  
Other, net     (15 )   4     (16 )   (4 )
Total other expense (income)     61     (328 )   (170 )   (176 )
(Loss) income before income taxes     (542 )   (126 )   (208 )   576  
Income tax provision     80     178     257     449  
Net (loss) income     (622 )   (304 )   (465 )   127  
Foreign currency translation gain (loss), net of tax     222     (1,041 )   (494 )   (1,781 )
Comprehensive loss   $ (400 ) $ (1,345 ) $ (959 ) $ (1,654 )
Net (loss) income per share                          
Common shares - Basic   $ (0.05 ) $ (0.02 ) $ (0.04 ) $ 0.01  
Class B common shares - Basic   $ (0.04 ) $ (0.02 ) $ (0.03 ) $ 0.01  
Common shares - Diluted   $ (0.05 ) $ (0.02 ) $ (0.04 ) $ 0.01  
Class B common shares - Diluted   $ (0.04 ) $ (0.02 ) $ (0.03 ) $ 0.01  
Weighted average number of shares:                          
Common shares – Basic     11,038     10,952     11,014     10,890  
Class B common shares – Basic     2,097     2,097     2,097     2,114  
Common shares – Diluted     11,038     10,952     11,014     11,053  
Class B common shares – Diluted     2,097     2,097     2,097     2,114  
Dividends per common share   $ 0.06   $ 0.06   $ 0.12   $ 0.12  
Dividends per Class B common share   $ 0.054   $ 0.054   $ 0.108   $ 0.108  
                           
                           

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Latest Blog Posts
Sanjay GangalGISCafe Guest
by Sanjay Gangal
GISCafe Industry Predictions for 2025 – NV5
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Upcoming Events
Consumer Electronics Show 2025 - CES 2025 at Las Vegas Convention Center Las Vegas NV - Jan 7 - 10, 2025
GeoBuiz Summit 2025 at Hyatt Regency Aurora-Denver Conference Center. Denver CO - Jan 13 - 15, 2025
Coastal GeoTools 2025 Conference at 301 North Water Street - Jan 27 - 30, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise