MSNNYSE

EMERSON RADIO CORP

Household Audio & Video Equipment · DE · CIK 32621

Designs, sources, imports, markets, sells, and licenses houseware and consumer electronic products under the Emerson brand

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$9M

Market cap

$0.36

Last close

-3.3%

+0.4%

124K

Volume

Price · last 40 sessions-19.0%

May 4L $0.34 · H $0.50Jun 30

395

Total filings

Jun 26, 2026

Last filing

03/31

Fiscal year end

All 8-K · 184 10-Q · 94 10-K · 32 DEF 14A · 31 10-K/A · 23 SC 13D · 11 SC 13G · 9 10-Q/A · 6

10-QFORM 10-QFeb 17, 2026 10-QFORM 10-QNov 14, 2025 10-QFORM 10-QAug 14, 2025 10-QFORM 10-QFeb 14, 2025 10-QFORM 10-QNov 14, 2024 10-Q

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What Changed

Risk factors · Jun 27, 2024 → Jun 27, 2025

11 added · 10 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

It has been reported that these negotiations will result in an additional 20% tariff on imports from China, representing an aggregate tariff rate of 55%.
Effective in September 2019 (and as amended by the certain Phase One Economic and Trade Agreement entered into between the United States and China in January 2020), the United States imposed additional tariffs of approximately 7.5% on essentially all remaining goods imported from China.
In May 2025, following a series of tariffs imposed by the United States on imports from China and reciprocal tariffs from China on imports from the United States, the countries agreed on cumulative, bilateral reciprocal tariffs of 10% to take effect on August 12, 2025, pending the outcome of ongoing discussions between the countries.
No other representative was responsible for greater than 10% of the Company's net revenues in either fiscal 2025 or fiscal 2024.
In fiscal 2025 and 2024, the Company relied on its 4 largest suppliers to supply approximately 95% of its purchases of products.
T he new United States presidential administration has promoted and implemented plans to further raise tariffs and pursue other trade policies intended to restrict imports from nearly all of the United States' current trading partners and, in particular, China.
We cannot predict future trade policy and regulations in the United States and other countries, including whether, and to what extent, there may be additional changes to international trade agreements, such as those with China, or whether, or to what extent, quotas, duties, additional tariffs, export controls or other restrictions will be changed or imposed by the United States or by other countries, and their impacts on our business.
This concentration exposes the Company to risks associated with doing business globally, including changes in tariffs.
These tariffs were increased to 25% effective in May 2019.
Some jurisdictions require that products be listed by Underwriters’ Laboratories, Inc.
Electrical appliances are subject to various mandatory and voluntary standards.

No longer disclosed

In January 2020, the United States and China signed a Phase One Economic and Trade Agreement, pursuant to which the tariff increases on the List 4B products remained suspended and the rate of additional tariffs on the List 4A products was reduced to 7.5%, while all other tariffs remain in place.
These tariffs were increased to 25% effective in May 2019 and were scheduled to further increase to 30% in October 2019, which increases were subsequently delayed indefinitely after an interim deal was reached between the United States and China.
During fiscal 2024, inbound freight costs have declined from the higher costs we experienced from the COVID-19 pandemic and related global supply chain disruptions and have begun to approach levels seen prior to the impact of such factors.
Effective in September 2019, the United States imposed additional tariffs on essentially all remaining Chinese-origin imports, including approximately $300 billion worth of goods imported from China (“List 4 products”).
Tariffs of 15% were imposed on certain List 4 products effective in September 2019 (“List 4A products”), and the remainder were scheduled to be subject to these tariffs effective in December 2019 (“List 4B products”).
In fiscal 2024 the Company reduced its reliance on its largest supplier from approximately 75% to 38% of the Company’s purchases of products.
If the U.S. and China are able to negotiate the issues to restore a mutually advantageous and fair trading regime, the increased tariffs could be eliminated, but given the uncertainties, including as a result of the recent change in U.S. administrations and any other political changes, there can be no assurance of whether, or when, this will be accomplished.
The Company also increased its number of significant suppliers from 2 to 4, each of which supplied over 10% of the Company's purchased products.
We cannot predict future trade policy, whether exclusions will be reinstated, or the terms of any renegotiated trade agreements and their impacts on our business.