|
Richardson Electronics, Ltd.
| ||||||||||||||||
|
Consolidated Statements of Comprehensive Loss
| ||||||||||||||||
| (in thousands, except per share amounts)
| ||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| May 30, 2020 | June 1, 2019 | May 30, 2020 | June 1, 2019 | |||||||||||||
| Statements of Comprehensive Loss | ||||||||||||||||
| Net sales | $ | 37,362 | $ | 42,163 | $ | 155,898 | $ | 166,652 | ||||||||
| Cost of sales | 25,990 | 29,651 | 106,225 | 114,917 | ||||||||||||
| Gross profit | 11,372 | 12,512 | 49,673 | 51,735 | ||||||||||||
| Selling, general and administrative expenses | 12,660 | 12,535 | 51,327 | 52,156 | ||||||||||||
| Impairment of goodwill | — | 6,332 | — | 6,332 | ||||||||||||
| Loss on disposal of assets | 2 | 23 | 3 | 23 | ||||||||||||
| Operating loss | (1,290 | ) | (6,378 | ) | (1,657 | ) | (6,776 | ) | ||||||||
| Other (income) expense: | ||||||||||||||||
| Investment/interest income | (37 | ) | (138 | ) | (377 | ) | (540 | ) | ||||||||
| Foreign exchange (gain) loss | (132 | ) | (121 | ) | (15 | ) | 84 | |||||||||
| Other, net | (27 | ) | (5 | ) | (51 | ) | (9 | ) | ||||||||
| Total other income | (196 | ) | (264 | ) | (443 | ) | (465 | ) | ||||||||
| Loss before income taxes | (1,094 | ) | (6,114 | ) | (1,214 | ) | (6,311 | ) | ||||||||
| Income tax provision | 186 | 263 | 624 | 1,017 | ||||||||||||
| Net loss | (1,280 | ) | (6,377 | ) | (1,838 | ) | (7,328 | ) | ||||||||
| Foreign currency translation loss, net of tax | (346 | ) | (736 | ) | (900 | ) | (1,976 | ) | ||||||||
| Comprehensive loss | $ | (1,626 | ) | $ | (7,113 | ) | $ | (2,738 | ) | $ | (9,304 | ) | ||||
| Net loss per share | ||||||||||||||||
| Common shares - Basic | $ | (0.10 | ) | $ | (0.50 | ) | $ | (0.14 | ) | $ | (0.57 | ) | ||||
| Class B common shares - Basic: | $ | (0.09 | ) | $ | (0.44 | ) | $ | (0.13 | ) | $ | (0.51 | ) | ||||
| Common shares - Diluted | $ | (0.10 | ) | $ | (0.50 | ) | $ | (0.14 | ) | $ | (0.57 | ) | ||||
| Class B common shares - Diluted: | $ | (0.09 | ) | $ | (0.44 | ) | $ | (0.13 | ) | $ | (0.51 | ) | ||||
| Weighted average number of shares: | ||||||||||||||||
| Common shares - Basic | 11,038 | 10,957 | 11,026 | 10,923 | ||||||||||||
| Class B common shares - Basic | 2,097 | 2,097 | 2,097 | 2,106 | ||||||||||||
| Common shares - Diluted | 11,038 | 10,957 | 11,026 | 10,923 | ||||||||||||
| Class B common shares - Diluted | 2,097 | 2,097 | 2,097 | 2,106 | ||||||||||||
| Dividends per common share | $ | 0.060 | $ | 0.060 | $ | 0.240 | $ | 0.240 | ||||||||
| Dividends per Class B common share | $ | 0.054 | $ | 0.054 | $ | 0.220 | $ | 0.220 | ||||||||
Richardson Electronics Reports Fourth Quarter and Fiscal 2020 Results and Declares Quarterly Cash Dividend
 |  | More IC News
|
|
RELATED NEWS
