MSN on NYSE

EMERSON RADIO CORP

American household audio and video equipment company based in Parsippany1

In its 2026 annual report the company says: “The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis for a variety of products. The Company, directly and through its subsidiaries, designs, sources, imports, markets, sells and licenses to certain licensees a variety of houseware and consumer electronic products, both domestically and internationally, under the Emerson® brand name.”5 Its shares trade on NYSE under the symbol MSN.1

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Last updated Oct 20, 2026.

Overview

$6.3MRevenue, fiscal 20262
-$4.3MNet income, fiscal 20262

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  • TickerMSN on NYSE1
  • IndustryHousehold Audio & Video Equipment1
  • HeadquartersParsippany, New Jersey1
  • Incorporated inDE3
  • Business address959 Route 46 East, Suite 210, Parsippany, Nj 070543
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Emerson Radio Corp. was incorporated in Delaware in 1994. The Company designs, sources, imports and markets a variety of houseware and consumer electronic products, and licenses its trademarks to others on a worldwide basis for a variety of products.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-77.2%Operating margin2
-68.1%Net margin2
-41.5%Revenue growth, 20262
-25.0%Return on equity2
-$3.7MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 94% of the revenue EMERSON RADIO CORP broke down this way in fiscal 2026.

  1. Product$5.9M294%down 43% from 2025
  2. License$386.0K26%up 15% from 2025
Products and services by year
Products and services20252026
Product$10.4M$5.9M
License$336.0K$386.0K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue56¢$6.2M
  • Selling, general and admin44¢$5.0M

Out of $6.3M in revenue.2 The company lost money this year.

Financial statements

Revenue678910112$6.3M in 2026−30% since 2019
0$5.0M$10.0M$15.0M2019: $9.0M$9.0M20192020: $6.3M$6.3M2020−30%2021: $7.4M$7.4M2021+18%2022: $8.2M$8.2M2022+10%2023: $7.2M$7.2M2023−13%2024: $9.1M$9.1M2024+26%2025: $10.8M$10.8M2025+19%2026: $6.3M$6.3M2026−41%
Operating income678910112-$4.9M in 2026+33% since 2019
-$6.0M-$4.0M-$2.0M02019: -$3.6M-$3.6M20192020: -$4.6M-$4.6M2020+27%2021: -$4.2M-$4.2M2021−9%2022: -$3.4M-$3.4M2022−18%2023: -$2.1M-$2.1M2023−39%2024: -$3.4M-$3.4M2024+62%2025: -$5.6M-$5.6M2025+65%2026: -$4.9M-$4.9M2026−13%
Net income678910112-$4.3M in 2026+76% since 2019
-$6.0M-$4.0M-$2.0M0$2.0M2019: -$2.4M-$2.4M20192020: -$4.3M-$4.3M2020+77%2021: -$4.0M-$4.0M2021−8%2022: -$3.6M-$3.6M2022−9%2023: -$1.4M-$1.4M2023−62%2024: $766.0K$766.0K20242025: -$4.7M-$4.7M20252026: -$4.3M-$4.3M2026−9%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
Revenue$6.3M$10.8M
Cost of sales$6.2M$9.9M
Selling, general and administrative expenses$5.0M$6.5M
Total cost of sales and SG&A$11.2M$16.4M
Operating loss-$4.9M-$5.6M
Interest income, net$570.0K$887.0K
(Loss) before income taxes-$4.3M-$4.7M
Provision for income tax expense$0$3.0K
Net (loss)-$4.3M-$4.7M
Basic (loss) per share (in dollars per share)-$0.20-$0.22
Diluted (loss) per share (in dollars per share)-$0.20-$0.22
Basic (in shares)21.0M shares21.0M shares
Diluted (in shares)21.0M shares21.0M shares

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Corporate structure

EMERSON RADIO CORP sits at the top of its group. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • EMERSON RADIO CORP Parsippany, New Jersey
    • Emerson Global Limited Subsidiary · British Virgin Islands
    • Emerson Radio (Hong Kong) Limited Subsidiary · Hong Kong
    • H.H. Scott, Inc. Subsidiary · New Jersey, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What EMERSON RADIO CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$483.0K2 Mar 31, 2026$493.0K2 Mar 31, 2025−2.0%
Accumulated depreciation$354.0K2 Mar 31, 2026$282.0K2 Mar 31, 2025+25.5%
Property and equipment, net$129.0K2 Mar 31, 2026$211.0K2 Mar 31, 2025−38.9%
Finance-lease assets$4.3K2 Mar 31, 2026$6.0K2 Mar 31, 2025−28.3%
Operating-lease assets (leased space)$300.0K2 Mar 31, 2026$443.0K2 Mar 31, 2025−32.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.2M2 Mar 31, 2026$1.2M2 Mar 31, 2025+675.2%
Marketable securities, current$3.1M2 Mar 31, 2026$14.9M2 Mar 31, 2025−78.9%

Inventory

ItemLatestA year beforeChange
Finished goods$4.1M2 Mar 31, 2026$4.9M2 Mar 31, 2025−15.9%

Leadership

Who has led EMERSON RADIO CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Duncan Hon2016

Chief financial officer

  1. John Florian2006
  2. Greenfield Pitts2007–2010
  3. Andrew L. Davis2016
2010201520202025
Board members and other officers (16)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Emerson Global Limited British Virgin Islands4
  • Emerson Radio (Hong Kong) Limited Hong Kong4
  • H.H. Scott, Inc. New Jersey, USA4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 30, 20268-K Shareholder vote34
  2. Mar 25, 20258-K Shareholder vote35
  3. May 9, 20248-K Change of auditor36
  4. Mar 27, 20248-K Shareholder vote37
  5. Jan 10, 20248-K Change of auditor38
  6. Jan 4, 20248-K Change of auditor39
  7. Nov 29, 20238-K Change of auditor40
  8. Mar 28, 20238-K Shareholder vote41
  9. Mar 25, 20228-K Shareholder vote42
  10. Jan 21, 20228-K Executive or director change43
  11. Jan 18, 20228-K Executive or director change44
  12. Jan 13, 20228-K Executive or director change45
  13. Jun 28, 2016New chief executive Duncan Hon becomes CEO15

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202646

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

44 filings to the SEC since October 2021: 7 annual reports, 16 quarterly reports, 12 major events, 1 insider forms, 8 other. The latest 20:

  1. Aug 14, 202610-Q EDGAR
  2. Jun 26, 202610-K EDGAR
  3. Mar 30, 20268-K EDGAR
  4. Feb 20, 2026ARS EDGAR
  5. Feb 20, 2026DEF 14A EDGAR
  6. Feb 17, 202610-Q EDGAR
  7. Nov 14, 202510-Q EDGAR
  8. Aug 14, 202510-Q EDGAR
  9. Jun 27, 202510-K EDGAR
  10. Mar 25, 20258-K EDGAR
  11. Feb 18, 2025ARS EDGAR
  12. Feb 18, 2025DEF 14A EDGAR
  13. Feb 14, 202510-Q EDGAR
  14. Nov 14, 202410-Q EDGAR
  15. Aug 14, 202410-Q EDGAR
  16. Jun 27, 202410-K EDGAR
  17. Jun 26, 202410-Q/A EDGAR
  18. May 9, 20248-K EDGAR
  19. Mar 27, 20248-K EDGAR
  20. Feb 21, 2024DEF 14A EDGAR

The 44 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Christopher Ho75$376.0K$453.0K47
2025Michael Binney66$281.5K$338.6K47
2025Richard Li59$182.0K$184.3K47
2024Chief Executive Officer$264.0K$304.0K47
2024Chief Operating Officer$211.0K$242.7K47
2024Chief Financial Officer$123.4K$128.8K47

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Renaissance Technologies LLC636,731$227.0K0.0%−8,007
Geode Capital Management, LLC47,216$16.8K0.0%−15,108
Bridgeway Capital Management, LLC47,100$16.8K0.0%No change
Citadel Advisors LLC45,650$16.3K0.0%New
Vanguard Capital Management LLC32,593$11.6K0.0%No change
State Street Corp26,744$9.5K0.0%No change
Cordgrass Capital Advisors, LLC10,000$3.6K0.0%No change
Tower Research Capital LLC (TRC)5,244$1.9K0.0%No change
UBS Group AG1,355$4820.0%New
Morgan Stanley49$170.0%No change
Virtu Financial LLC20,342$70.0%+9,442

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How EMERSON RADIO CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREMERSON RADIO CORP1
  • CIK0000032621
  • Employer ID (EIN)22-32852245
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsMarch 311
  • Industry code (SIC)3651 Household Audio & Video Equipment1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address959 Route 46 East, Suite 210, Parsippany, NJ 070541
  • Phone973-428-20001
  • Shares outstanding21,042,652 as of Aug 14, 202614
  • Public float$2.6M as of Sep 30, 20255
  • AuditorGrassi & Co., CPAs, P.C., Jericho, NY, USA PCAOB ID 606; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceFeb 15, 19951
  • Filings711 in all: 8-K (184), 4 (131), 10-Q (95), SC 13D/A (69), 10-K (32), DEF 14A (31), 3 (29), 10-K/A (23)1
    All 30 form types

    CORRESP (13), NT 10-Q (12), SC 13G/A (12), NT 10-K (11), SC 13D (11), UPLOAD (10), SC 13G (9), ARS (8), 10-Q/A (6), 4/A (6), DFAN14A (3), S-8 (3), PRE 14A (2), S-1 (2), S-1/A (2), 5 (1), 8-K/A (1), DEFC14A (1), RW (1), S-3 (1), S-3/A (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Jun 26, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Feb 20, 2026
    Latest 8-K (8-K) Mar 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $.01 per shareMSNNYSE American

From the cover page of the 10-K filed Jun 26, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks EMERSON RADIO CORP names in Item 1A of its 10-K filed Jun 26, 2026: 30 risks under these headings, as written.5

  • Business, Operational and Strategic Risks
  • The Company relies on a small number of key customers for the majority of its business, and the loss or significant reduction in business with any of these key customers would materially and adversely affect the Company’s revenues and earnings.
  • The Company is dependent on a limited number of products for its sales.
  • If the Company’s third party sales representatives fail to adequately promote, market and sell the Company’s products, the Company’s revenues could significantly decrease.
  • The concentration of product sales among a limited number of retailers and the trend toward private label brands could materially reduce the Company’s revenues and profitability.
  • The houseware and consumer electronics industry is consolidating, which could reduce the Company’s ability to successfully secure product placements at key customers and limit its ability to sustain a cost competitive position in the industry.
  • The failure to obtain new licensees and distribution relationships or to maintain relationships with its existing licensees and distributors could materially and adversely affect the Company’s revenues, earnings and business.
  • The Company depends on a limited number of suppliers for its products. If its relationships with such suppliers terminate or are otherwise impaired, the Company would likely experience increased costs, disruptions in the manufacture and shipment of its products and a material loss of net sales.
  • The Company’s products use raw materials and components that may be subject to price fluctuations, shortages or interruptions of supply, and if the Company is unable to maintain supply sources for such raw materials and components, or if such sources fail to satisfy the Company’s supply requirements, the Company may experience a loss of sales, increased component costs and reduced profitability.
  • If the Company is unable to deliver products in the required amounts and in a timely fashion, the Company could experience delays or reductions in shipments to its customers, which could materially and adversely affect the Company’s revenues and relationships with its customers.
  • The Company relies on a third-party logistics provider for the storage and distribution of its products in the United States and, if such third party logistics provider incurs any damage to the facilities where the Company’s products are stored or is unable to distribute its products as needed, it could have a material adverse effect on the Company’s results of operations and business.
  • The Company’s revenues and earnings could be materially and adversely affected if it cannot anticipate market trends, enhance existing products or achieve market acceptance of new products.
The other 19 risks
  • Cash generated by operating activities represents the Company’s principal source of funding and therefore the Company depends on its ability to successfully manage its operating cash flows to fund its operations.
  • The Company is subject to intense competition in the industry in which it operates, which could cause material changes in the selling price of its products or losses of its market share.
  • Changes in consumer shopping trends and changes in distribution channels could result in lost market share and decreased revenue and profitability.
  • The Company depends on the experience and expertise of its senior management team and key technical employees, and the loss of any key employee may impair its ability to operate effectively.
  • Changes in consumer spending and economic conditions may cause the Company’s operating results to fluctuate and cause its stock price to decline.
  • Legal, Regulatory and Tax Risks
  • The Company is subject to a variety of U.S. and foreign laws and regulations that are central to the Company’s business; its failure to comply with these laws and regulations could harm the Company’s business or operating results.
  • Foreign regulations and changes in trade policies and the political, social and economic conditions in the United States and the foreign countries in which the Company operates its business could affect the Company’s revenues and earnings materially and adversely.
  • Tariffs and other restrictions placed on the Company’s products imported into the United States from China, and related countermeasures taken by China, have had and could continue to have a material adverse effect on the Company’s business, profitability and results of operations.
  • Our business involves the potential for product recalls, which could affect our revenue and profitability.
  • The Company could be exposed to product liability or other claims for which its product liability or other insurance may be inadequate.
  • Failure to comply with public health, consumer protection and other regulations could affect our reputation, revenue and profitability.
  • The Company’s business could be materially and adversely affected if it cannot protect its intellectual property rights or if it infringes on the intellectual property rights of others.
  • An information systems interruption or breach in security, including as a result of cyber-attacks, could adversely affect the Company’s business, results of operations and reputation.
  • The Company operates its business in jurisdictions where intellectual property theft or compromise is common.
  • Fluctuations in the Company’s tax obligations and effective tax rate and realization of deferred tax assets, including net operating loss carryforwards, may result in volatility of the Company’s operating results.
  • Corporate Governance and Stock Ownership Risks
  • There is a limited trading market for the Company’s common stock and the market price of the Company’s common stock is subject to volatility.
  • The Company is a “controlled company” within the meaning of the NYSE American rules and, as a result, qualifies for, and relies on, exemptions from certain corporate governance requirements. As a result, the Company’s shareholders do not have the same protections afforded to shareholders of companies that are subject to such requirements.
  • The controlling ownership of the Company’s common stock by an indirect subsidiary of Nimble substantially reduces the influence of other stockholders, and the interests of Nimble may conflict with the interests of the Company’s other stockholders.
  • The Company’s bylaws designate the Court of Chancery of the State of Delaware or the federal district courts in Delaware as the exclusive forum for certain litigation that may be initiated by the Company’s stockholders, which could limit stockholders’ ability to have certain claims heard in any other judicial forum.

Legal proceedings

Information with respect to this Item 3 may be found under the heading “Legal Proceedings” in Note 11 to the consolidated financial statements in this report, which information is incorporated into this Item 3 by reference.

The opening of Item 3, Legal Proceedings.5

Sources

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