| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 86.6MM | -9% |
| Gross Profit | 47.9MM | -7% |
| Cost Of Revenue | 38.7MM | -11% |
| Operating Income | -2.4MM | -48% |
| Operating Expenses | 50.2MM | - |
| Net Income | -1.2MM | -71% |
| G&A | 50.2MM | -1% |
| Amortization | 14K | -7% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Merion Road Capital, an investment advisor, released its first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, Merion Road Small Cap Fund returned 4.9% compared to 5.0% for the Russell 2000 Index. The long-only portfolio of Merion Road rose 12.9% during the quarter compared to a […]
BSET Earnings Miss Analyst Expectations Amidst Market Challenges
Bassett's (BSET) first-quarter fiscal 2024 results reflect the dismal performance of its reporting segments due to lower sales volume.
Bassett (BSET) delivered earnings and revenue surprises of -1,500% and 5.39%, respectively, for the quarter ended February 2024. Do the numbers hold clues to what lies ahead for the stock?
BASSETT, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its first quarter ended March 2, 2024. Fiscal 2024 First Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 1st Qtr Dollar% 1st Qtr% of 1st Qtr% of 2024 2023 ChangeChange 2024 Sales 2023 SalesConsolidated (1) $86.6 $107.7 $(21.1)-19.6% $(2.4)-2.8% $2.7 2.5% Wholesale $54.7 $69.9 $(15.2)-21.7% $6.8 12.4% $9.0 12.9% Retail $53.8 $65.0
MillerKnoll (MLKN) delivered earnings and revenue surprises of 2.27% and 4.16%, respectively, for the quarter ended February 2024. Do the numbers hold clues to what lies ahead for the stock?
Bassett's (BSET) first-quarter fiscal 2024 performance is expected to have been hurt by a soft sales environment and inflationary woes.
BASSETT, Va., March 07, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on May 31, 2024, to shareholders of record at the close of business on May 17, 2024. About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 89 company- and li
Bassett (BSET) delivered earnings and revenue surprises of 350% and 4.52%, respectively, for the quarter ended November 2023. Do the numbers hold clues to what lies ahead for the stock?
Net Sales Decline and Goodwill Impairment Impact Earnings