makinezmoney
2 years ago
$TLFA : Uplisting to Nasdaq on Sept.7,2022 from OTC
New symbol will be $TLF
Here we goooooooooooooooooooooooo
GO $TLF
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Tandy Leather Factory Announces Listing of its Common Stock on Nasdaq
by
Globe Newswire
September 1, 2022 4:09 PM | 2 min read
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FORT WORTH, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. today announced that its common stock has been approved for listing on The Nasdaq Stock Market, LLC, under the ticker symbol TLF. The Company expects that trading of its stock on Nasdaq will begin on Wednesday, September 7, 2022.
The Company's common stock previously traded on Nasdaq until August 2020 but was de-listed from trading as a result of the Company not making periodic SEC filings during its financial restatement process.
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Janet Carr, Chief Executive Officer of the Company, said, "The re-listing of our stock on Nasdaq marks a major milestone for Tandy. Following the completion of our restatement in June 2021 and the Company being current again in its filings since December, Nasdaq's approval is the final step in coming back from the accounting issues that led to the restatement. We believe that this listing should restore liquidity for our investors and allow for a more active trading market in our stock."
Tandy Leather Factory, Inc., (http://www.tandyleather.com), headquartered in Fort Worth, Texas, is a specialty retailer of a broad product line, including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 104 North American stores located in 40 US states and six Canadian provinces, and one store located in Spain. Its common stock currently trades over the counter with the symbol "TLFA". To be included on Tandy Leather Factory's email distribution list, go to: http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.
Contact: Janet Carr, Tandy Leather Factory, Inc. (817) 872-3200 or janet.carr@tandyleather.com
This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
whytestocks
5 years ago
News: $TLF TLF NOTICE: ROSEN, A LEADING LAW FIRM, Continues to Investigate Securities Claims Against Tandy Leather Factory, Inc. - TLF
Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Tandy Leather Factory, Inc. (NASDAQ: TLF) resulting from allegations that Tandy Leather may have issued materially misleading business information to the invest...
Find out more TLF - TLF NOTICE: ROSEN, A LEADING LAW FIRM, Continues to Investigate Securities Claims Against Tandy Leather Factory, Inc. - TLF
nole92
14 years ago
Tandy Leather Factory, Inc. (TLF) announced today that it expects to release financial results for the three and nine months ended September 30, 2010 on Monday, November 8, 2010. A conference call will be conducted by Shannon Greene, CFO, and Mark Angus, Senior Vice President, at 2:00 pm Eastern time on November 8, 2010.
nole92
14 years ago
TLF - Tandy Leather Factory Reports Q2 2010 Earnings Up 39% Year Over Year
FORT WORTH, Texas, Aug. 3, 2010 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF - News) today reported financial results for the second quarter of 2010. Consolidated net income for the quarter ended June 30, 2010 was $1,061,000 compared to consolidated net income of $761,000 for the second quarter of 2009, an increase of 39%. Fully diluted earnings per share for the quarter were $0.10, compared to $0.07 in the second quarter of last year. Total sales for the quarter ended June 30, 2010 were $14.3 million, up 10% from $13.0 million in the second quarter last year.
Consolidated sales for the six months ended June 30, 2010 were $28.9 million, up 10% from the 2009 first half sales of $26.2 million. Consolidated net income for the first half of 2010 was up 38% at $2.0 million or $0.20 per fully-diluted share versus $1.5 million or $0.14 per fully-diluted share in the comparable period last year.
Sales in the Retail Leathercraft segment, which consists of the Tandy Leather stores, increased $1.1 million in the second quarter, a 16% improvement over last year's second quarter. Seventy-six stores comprised Tandy Leather's retail operations on June 30, 2010, compared to seventy-five retail stores a year ago. For the first six months of 2010, Retail Leathercraft's sales increased $2.1 million, or 16%, over the first six months of 2009. Second quarter sales for the Wholesale Leathercraft segment, which consists of the Leather Factory wholesale stores and national account group, were up 2% or $136,000 from the same quarter last year. For the first six months of 2009, Wholesale Leathercraft's sales were up $437,000, or 4%, from the same period in 2009. International Leathercraft, consisting of one combination wholesale and retail store located in the United Kingdom, reported a sales increase of 29%, or $88,000, compared to the second quarter of 2009. For the year, International Leathercraft's sales were up 30%, or $179,000, over the same period last year.
Consolidated gross profit margin for the current quarter was 60.7%, improving from 58.8% for the second quarter of 2009. For the first two quarters, consolidated gross profit margin for the current year was 61.1%, increasing from last year's gross profit margin of 58.8%. Consolidated operating expenses rose approximately 11% for the quarter and the year, increasing $702,000 in the current quarter and $1.4 million for the first six months over the same periods a year ago. For the second quarter, the significant increases in expenses occurred in advertising, freight out, and credit card fees, all of which are related to the sales increase. Store manager bonuses are also up as a result of increased profit at the stores. Legal fees are also up due to an increase in trademark registrations in foreign countries. For the year, expense increases mirrored that of the second quarter. Consolidated operating margin improved for the quarter to 10.1% compared to 8.5% last year. On a year-to-date basis, consolidated operating margin improved from 8.0% last year to 10.3% in the current year.
Jon Thompson, Chief Executive Officer and President, commented, "The second quarter was another solid one, with higher sales and earnings compared to last year's second quarter. Gross profit margins continue to improve and all divisions reported sales gains and strong profits. Our inventory is up some as we are stocking our stores with slightly more product, in order to keep our sales momentum moving forward through the last half of the year."
Chief Financial Officer and Treasurer, Shannon Greene, added, "We have enjoyed great success so far this year with very solid results. We paid our one-time dividend totaling $7.6 million in early July so our cash will decrease in the third quarter. The level of operating expenses through the end of June was not a surprise as the majority of the expense increases are related to the sales gains. Looking to the last half of the year, we are working against strong comps from last year, particularly in the fourth quarter, so it is important that we manage expenses well against those comps in order to maximize profits."
nole92
14 years ago
Tandy Leather Factory, Inc. Reports June 2010 Sales Up 11% over June 2009
Retail Same Store Sales Up 21%; Wholesale Same Store Sales Up 2%
Press Release Source: Tandy Leather Factory, Inc. On Thursday July 8, 2010, 7:35 am EDT
FORT WORTH, Texas--(BUSINESS WIRE)--Tandy Leather Factory, Inc. (NASDAQ: TLF - News) reported today that sales for the month of June were $5.0 million, up 11% from $4.5 million in June 2009. Year-to-date sales are up 9% to $28.9 million in the current year compared to $26.6 million last year.
Retail Leathercraft’s sales rose 23% to $2.8 million compared to June 2009 sales of $2.3 million. The 74 comparable stores’ sales were up 21% for the month compared to the same period last year. The two stores opened since June 2009 added June sales of $49,000. Year-to-date sales for Retail Leathercraft are $15.3 million this year, a 16% increase over sales of $13.3 million for the same period of 2009. For the year, the 74 comparable stores’ sales were up 14% compared to sales reported for the same period in 2009.
Wholesale Leathercraft posted sales of $2.0 million for June, down 2% from June 2009 sales of $2.1 million. Within the Wholesale Leathercraft division, the wholesale stores’ sales were up 2% for the month while the National Account group’s sales were down 28% against June 2009. For the year to date, Wholesale Leathercraft sales are $12.9 million compared to $12.4 million in 2009, up 4%. As of the end of June, the wholesale stores’ sales were up 7% compared to the same period last year while the National Account group’s sales are down 10%.
International Leathercraft’s sales rose 27% to $154,000 in the current month compared to June 2009 sales of $122,000. Year-to-date sales are $776,000 this year, a 29% increase over sales of $603,000 for the same period of 2009. International Leathercraft consists of one store located in the UK.
Chief Executive Officer and President, Jon Thompson, commented, “June was another very strong sales month for us. The stores, both retail and wholesale, are performing very well. The one negative aspect of our June sales was the decline in our National Account group. While we are not satisfied with the decline from this group, we believe the stores, rather than National Accounts, represent the greatest potential for continued and consistent growth.”
Shannon L. Greene, Chief Financial Officer, added, “We completed the second quarter with great strength, reporting an 8% sales gain for the quarter and sales gains in all three divisions. We are especially pleased with the same store comparables for the quarter of 14% in the retail stores and 4% in the wholesale stores.”
nole92
14 years ago
Tandy Leather Factory Joins Russell Microcap Index
FORT WORTH, Texas--(BUSINESS WIRE)--Tandy Leather Factory, Inc. (NASDAQ: TLF - News) announced today that it has joined the Russell Microcap® Index as a result of Russell Investments’ reconstitution of its family of U.S. indexes on June 25. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1,000 of the smallest securities in the small-cap Russell 2,000® Index based on a combination of their market cap and current index membership and it includes the next 1,000 securities.
Jon Thompson, CEO and President of Tandy Leather Factory, Inc., commented, “We are very pleased to have been selected for the Russell Microcap Index and appreciate the recognition by Russell Investments of the value of Tandy Leather Factory in the world of public companies. Being a part of the index will bring greater visibility as we continue to focus on company growth and expansion both domestically and internationally, while also delivering long-term value to our stockholders.”
Russell indexes are widely used by investment managers and institutional investors for index fund and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in assets currently are benchmarked to them.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap. These investment tools originated from Russell’s multi-manager investment business in the early 1980’s when the company saw a need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
nole92
14 years ago
Who is Tandy Leather Factory, Inc.
1900 Southeast Loop 820
Fort Worth, TX 76140
Phone: 817-872-3200
Website: http://www.tandyleatherfactory.com
Shares Outstanding: 10.14M
% Held by Insiders: 24.16%
% Held by Institutions: 35.00%
We purchase leather from tanneries all over the world. In most cases, we sell it in the exact form we receive from the tannery. The leather industry has general terms applied to the various ways that leather is sold by, such as side, hide, skin, split, belly, etc. The actual size of these are determined by measuring devices at the tannery. As the size of each side, hide, skin, split or belly varies, the size the product you order may vary.
We price leather two ways:
1) Most of our leather is priced by the square foot (sq. ft.) or meter and sold in the exact form we receive from the tannery (side, hide, skin, split, belly, etc). We make ordering leather easy by providing dropdown boxes on the product pages that contain multiples of the estimated size. When you place an order for products priced by the sq. ft. or meter, you will be given a cost approximation (in your shopping cart) based on the estimated size of the product times the price per sq. ft. or meter. After your order has been picked, this cost approximation will be adjusted to reflect the actual size of the product (as measured by the tannery). Your final charge will be for the actual size of the product (as measured by the tannery), not the approximation.
2) A few of our leathers are priced by the each and you are charged one price regardless of size.
Leathercraft Terms
Thickness or Weight - Leather is usually measured in terms of ounces. One ounce equals 1/64th of an inch thickness. Thus, a weight of 7 to 8 oz. means the leather is 7/64th to 8/64th of an inch thickness. In an effort to make leather a uniform thickness, wet hides are run through a splitting machine. However, each animal is different and there is always a slight thickness variation throughout the hide. This is why leathers are usually shown with a range of thickness, such as, 4 to 5 oz., 6 to 7 oz., etc.
Grain - The epidermis or outer layer of animal skins.
Full Grain - Leather that is just as it was when taken off the animal. Only the hair has been removed and the grain or epidermis is left on.
Note: Only full grain, vegetable tanned leather will absorb water and tool correctly. All leather carving and tooling must be done on full grain leather.
Top Grain - Top grain leather has often been sanded to remove scars and then sprayed or pasted to "cover up" the work. Top grain is not the same as "Full Grain" leather.
Split - This refers to the undersection of a piece of leather that has been split into two or more thicknesses. Splits are usually embossed with a design and finished or sueded.
Suede Split - Leather that has been sanded to produce a nap.
Back - A side with the belly cut off, usually 15 to 18 sq. ft.
Belly - The lower part of a side, usually 4 to 8 sq. ft.
Kip - The skin of a large calf, usually 9 to 17 sq. ft.
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Renee
2 years ago
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