Mon, Sep 16, 7:42 PM (96 days ago)
For the quarter ending July 31, 2024, George Risk Industries, Inc. reported a 22.25% increase in net sales to $5,780,000 compared to $4,728,000 in the prior year, driven by a strengthened economy and improved housing market conditions. Gross profit rose significantly, with a gross margin of 51.05%, down from 47.93% due to lower costs of goods sold. Operating income increased by 49.45% to $1,774,000. Net income was $2,705,000, a 13.94% rise year-over-year, resulting in earnings per share of $0.55. Cash flow from operations increased to $2,295,000, reflecting improved collection on accounts receivable. Total assets rose to $64,763,000, with cash and equivalents at $9,367,000. The company faces challenges such as supply chain issues and inflation, but aims to enhance production efficiency and explore acquisitions. Future operations may be impacted by ongoing economic conditions and material availability. Overall, the company remains solid with a focus on growth and operational efficiency.