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Bassett Furniture Industries Incorporated  (BSET)
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Bassett Furniture Industries Incorporated

BSET's Financial Statements and Analysis



Bassett Furniture Industries Incorporated reported in the forth quarter of 2023 net loss per share of $-0.46 compare to earnings per share of $0.56 in the same quarter a year ago a decrease compare to $-0.30 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ -0.46 $  94 Mill
$-1.02     $-27M     -22.14 %



Bassett Furniture Industries Incorporated's Revenue fell by -22.14 % in forth quarter of 2023 (Nov 25 2023) year on year, to $94 million and advanced by 8.25 % sequentially.


Bassett Furniture Industries Incorporated is

More on BSET's Income Statement



Bassett Furniture Industries Incorporated's in theforth quarter of 2023 recorded net loss of $-4.101 million, compare to net income of $5.026 million achieved in IV. Quarter a year ago.

Sequentially net loss advanced

More on BSET's Growth

Bassett Furniture Industries Incorporated Inventories
Inventories declined by -26.32 % to $62.98 million from IV. Quarter a year ago, sequentially inventories fell by -5.81 %. BSET's Cash flow In the forth quarter of 2023 company's net cash flow was $4 million, capital expenditures grew by -4.03-29.73%, to $-3 millions compare to same quarter a year ago

More on BSET's Cash flow Statement


Bassett Furniture Industries Incorporated payed out dividend of $0.68 per share in last 52 weeks

In trailing twelve-month period Bassett Furniture Industries Incorporated earned $ 2.13 cash per share, on a free-cash flow basis .

Book value fell by -4.72 % sequentially to $20.83 per share, -286.61% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 19.00 per share from $ 19.36.

Company issued 0.17 million shares or 1.99 % in Nov 25 2023.


More on BSET's Dividends

 Market Capitalization (Millions) 129
 Shares Outstanding (Millions) 9
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 389
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) -9
 Capital Exp. (TTM) (Millions $) -17
 Dividend TTM ($) 0.68 $
 Dividend Yield TTM (%) 4.93 %
 Employees (TTM) $ 2,237




Bassett Furniture Industries Incorporated payed out dividend of $0.68 per share in the last 52 weeks

In trailing twelve-month period Bassett Furniture Industries Incorporated had $ 2.13 cash flow per share, on a free-cash flow basis .

Book value fell by -4.72 % sequentially to $20.83 per share, -286.61% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 19.00 per share from $ 19.36.

Company issued 0.17 million shares or 1.99 % in Nov 25 2023.


More on BSET's Balance Sheets

 Market Capitalization (Millions) 129
 Shares Outstanding (Millions) 9
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 389
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) -9
 Capital Exp. (TTM) (Millions $) -17
 Dividend TTM ($) 0.68 $
 Dividend Yield TTM (%) 4.93 %
 Employees (TTM) $ 2,237
   


  News about Bassett Furniture Industries Incorporated Earnings

Revenue Plummets Significantly at Bassett Furniture Industries Incorporated, Fueling Concerns2.



Bassett Furniture Industries Incorporated, a renowned furniture and fixtures company, recently released its financial results for the fourth quarter of 2023. The report highlights a significant increase in net losses per share, primarily attributed to weak demand. This article aims to outline the key facts from the financial results and assess their impact on the company's shares, taking into account recent market fluctuations.
1. Weak Demand Impacts Fourth-Quarter Performance:
The fourth-quarter report indicates a substantial decline in revenue by 22.139%, with sales plummeting to $94.23 million from $121.02 million the previous year. This weakening demand has resulted in a sharp increase ...

Bassett Furniture Industries Incorporated Faces Double-Digit Revenue Decline in Recent Fiscal Period



Bassett Furniture Industries Incorporated, a prominent player in the furniture industry, has experienced a significant decline in its stock performance over the past five trading days. Additionally, its year-to-date performance shows a substantial decrease of -16.72%. Interpreting the financial results provided, we aim to analyze how these negative trends will impact the company going forward.
1. Declining Business and Increased Shortfall:
The most recent fiscal period saw Bassett Furniture Industries Incorporated facing a declining business, leading to an increase in its shortfall per share. The shortfall rose from $0.82 to $-0.30, indicating a worrisome negative trend. This decline in ear...

Bassett Furniture Industries Encounters a Shocking 95.14% Fall in Income for the Second Fiscal Quarter of 2023

Bassett Furniture Industries Inc. recently reported a decline in revenue of -21.9% for the most recent fiscal period, resulting in a significant drop of -95.14% in its bottom-line. The company's revenue for this period was $100.52 million, compared to $128.71 million in the previous year. Similarly, the earnings per share (EPS) decreased from $0.24 per share to $0.04.
In contrast, during the first quarter, the company experienced a decline of -6.666% in revenue from $107.70 million. However, the EPS saw a significant increase of 50% from $0.16 per share. Net income also dropped by -95.59% in the fiscal second quarter of 2023, reaching $2.076 million compared to $47.118 million in the corresponding period...


Date modified: 2024-01-26T13:59:27+00:00





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