Emerson Radio Corporation Common Stock (MSN)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable advantages, honest accounting, and a price that offers a margin of safety. Emerson Radio is a 21-employee seller of houseware and consumer electronics under the Emerson brand. In fiscal FY2025, the year ended 2026-03-31, revenue was $6.3 million and net loss was $4.3 million. In fiscal FY2024, the year ended 2025-03-31, revenue was $10.8 million and net loss was $4.7 million. The latest filed quarter, fiscal Q1 2026 ended 2026-06-30, showed revenue of $1.1 million and net loss of $566,000. That is a shrinking, loss-making enterprise, not a compounding machine. The only recent profit in the filed record is fiscal FY2023, the year ended 2024-03-31, with net income of $766,000 on revenue of $9.1 million. FairStock classifies it as a TURNAROUND — loss in the latest year after earlier profits — and the numbers describe a struggling turnaround. As FairStock calculations at the 2026-10-13 close of $0.39: P/B 0.62, P/E -2.17, ROE -20.15%, ROCE -14.44%, FCF yield -49.5%, Piotroski 4/9, and Altman Z 1.52. The low debt-to-equity of 0.02 is a genuine comfort, and beta 0.46 suggests the shares have not moved much with the market. But negative free cash flow of $4.1 million trailing twelve months is alarming for an $8.2 million market cap. A 0.62 price-to-book may look Graham-cheap, yet book value can shrink when losses persist. Without evidence of stable revenue, pricing power, or a moat, I see speculation rather than investment. I would want to see revenue stop falling and cash stop burning before trusting the discount.

In plain English: Emerson Radio designs and sells small houseware and consumer electronics, such as microwaves, compact refrigerators, clock radios, and speakers, under the Emerson brand. The business looks weak right now: sales are much smaller than a year earlier and it is losing money. At $0.39 on 2026-10-13, the price is low compared with the company's stated book value, but because losses are ongoing, cheapness is uncertain rather than a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-06-30) · fiscal Q3 2025 10-Q (period ended 2025-12-31) · fiscal Q2 2025 10-Q (period ended 2025-09-30) · fiscal Q1 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2026-03-31) · FY2024 10-K (period ended 2025-03-31) · FY2023 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer