0001104659-26-015115
SEC filingTrans-Lux Corporation reported a net loss of $3.5 million for fiscal year 2024, driven by an operating loss of $2.8 million. Revenue was $12.9 million with a gross profit of $1.4 million, resulting in a gross margin of 10.9%. The company's cost structure shows general and administrative expenses of $4.1 million significantly exceeded gross profit. The balance sheet reveals a stockholders' deficit of $17.3 million with total liabilities of $25.1 million against total assets of $7.8 million, indicating negative equity. Cash flow from operations was negative $1.0 million, though financing activities provided $1.2 million primarily from debt proceeds. The company maintained $371,000 in cash with restricted cash of $200,000 at year-end.
Trans-Lux Corporation reported a net loss of $3.5 million for fiscal year 2024, consistent with the loss before income taxes of $3.5 million after accounting for income tax expense of $25,000. The company generated revenue of $12.9 million with cost of revenues of $11.5 million, resulting in gross profit of $1.4 million. Operating performance showed a loss of $2.8 million, driven by general and administrative expenses of $4.1 million that exceeded gross profit. Other significant items included interest expense of $908,000, foreign currency remeasurement gain of $192,000, other income of $272,000, and pension expense of $246,000. The company's financial position reflects challenges with operating losses and negative equity.
The company reported total revenue of $12.9 million for fiscal year 2024. No segment breakdown or geographic mix was provided in the available data. The document does not disclose specific revenue drivers, product categories, or service lines that contributed to the $12.9 million total. Without segment data in the XBRL financial information or document content, detailed revenue analysis by business unit or geographic region cannot be performed. The absence of segment disclosure limits the ability to analyze which parts of the business may be performing better or worse than others.
Gross margin was 10.9% based on revenue of $12.9 million and gross profit of $1.4 million. The company's cost structure shows general and administrative expenses of $4.1 million significantly exceeded the gross profit of $1.4 million, resulting in an operating loss margin of -21.7%. Operating expenses as a percentage of revenue were 31.8%, indicating high overhead costs relative to revenue generation. The net loss margin was -27.1%, reflecting the combined impact of operating losses, interest expense, and other income/expense items. Profitability metrics show challenges in converting revenue to bottom-line results.
Operating activities used $1.0 million in cash, primarily due to the net loss of $3.5 million partially offset by non-cash adjustments including depreciation and amortization of $318,000 and amortization of right of use assets of $646,000. Investing activities used $4,000 for property, plant and equipment purchases. Financing activities provided $1.2 million, mainly from proceeds from long-term debt of $1.2 million. The balance sheet shows total assets of $7.8 million against total liabilities of $25.1 million, resulting in stockholders' deficit of $17.3 million. Current liabilities of $22.1 million significantly exceed current assets of $4.7 million, indicating liquidity challenges. Cash position was $371,000 with restricted cash of $200,000.
The provided data does not include management guidance, strategic priorities, or specific risk factors from the filing. No forward-looking statements, projections, or outlook commentary is present in the XBRL financial data or document content provided. The analysis is limited to historical financial results for fiscal year 2024 without information about future plans, market conditions, or strategic initiatives that management may have discussed in the full 10-K filing. Investors would need to review the complete filing for management's discussion and analysis of financial condition and results of operations to understand the company's outlook.