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Karaoke Machines
+Added: Heaters and Fans
Wireless Charging
Sales and Distribution
−Removed: The Company markets its products exclusively in the United States and Mexico, primarily through mass merchandisers and online marketplaces.
−Removed: During the fiscal year ended March 31, 2024 (“fiscal 2024 ”), Walmart Inc.
−Removed: ("Walmart") accounted for approximately 53%, Amazon.com Inc.
−Removed: ("Amazon") accounted for approximately 20%, and Fred Meyer accounted for approximately 10% of the Company’s net revenues.
−Removed: During the fiscal year ended March 31, 2023 (“fiscal 2023 ”), Walmart accounted for approximately 42%, Amazon accounted for approximately 23%, and Fred Meyer accounted for approximately 12% of the Company’s net revenues.
+Added: The Company markets its products exclusively in the United States, Canada and Mexico, primarily through mass merchandisers and online marketplaces.
+Added: During the fiscal year ended March 31, 2025 (“fiscal 2025 ”) , Amazon.com Inc.
+Added: ("Amazon") accounted for approximately 39% and Walmart Inc.
+Added: ("Walmart") accounted for approximately 31% of the Company’s net revenues.
+Added: During the fiscal year ended March 31, 2024 (“fiscal 2024”), Walmart accounted for approximately 53%, Amazon accounted for approximately 20%, and Fred Meyer, Inc.
+Added: ("Fred Meyer") accounted for approximately 10% of the Company’s net revenues.
No other customer accounted for more than 10% of net revenues in either period.
−Removed: As a percent of the Company’s total trade accounts receivable, net of specific reserves, Walmart, Chedraui and Amazon accounted for approximately 34%, 30% and 25%, respectively, as of March 31, 2024 .
−Removed: As a percent of the Company’s total trade accounts receivable, net of specific reserves, Amazon, Walmart and Fred Meyer accounted for approximately 43%, 35% and 11%, respectively, as of March 31, 2023 .
+Added: As a percent of the Company’s total trade accounts receivable, net of specific reserves, Amazon, and Variety Wholesalers, Inc.
+Added: ("Variety Wholesalers") accounted for approximately 59%, and 19%, respectively, as of March 31, 2025.
+Added: As a percent of the Company’s total trade accounts receivable, net of specific reserves, Walmart, Grupo Comercial Chedraui S.A.B.
+Added: ("Chedraui") and Amazon, accounted for approximately 34%, 30% and 25%, respectively, as of March 31, 2024.
No other customer accounted for more than 10% of the Company’s total trade accounts receivable, net of specific reserves, as of March 31, 2025 or March 31, 2024.
3 unchanged sentences
In most instances, either party may terminate a sales representative relationship on 30 days prior notice by the Company and 90 days prior notice by the sales representative organization in accordance with customary industry practice.
−Removed: In fiscal 2024 , the Company utilized 6 sales representative organizations, including one which represented approximately 30% of its net revenues.
+Added: In fiscal 2025, the Company utilized 5 sales representative organizations, 2 of these representative organizations were responsible for approximately 48% of the Company's net revenues, including one which represented approximately 38% and another which represented approximately 10% of its net revenues.
In fiscal 2024, the Company utilized 6 sales representative organizations, including one which represented approximately 30% of its net revenues.
9 unchanged sentences
See Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” During fiscal 2025 approximately 11% of the Company’s product sales were sold under the Direct Import Program.
−Removed: During fiscal 2023 , approximately 16 % of the Company’s product sales were sold under the Direct Import Program.
+Added: During fiscal 2024, approximately 12% of the Company’s product sales were sold un der the Direct Import Program.
The Company also sells products through third party online marketplaces to broaden its brand reach.
32 unchanged sentences
mechanical failures.
−Removed: The Company owns the following principal trademarks for certain consumer electronic products in the United States, Canada, Mexico and various other countries:
+Added: The Company owns the following principal trademarks for certain consumer electronic products in, as applicable, the United States, Canada, Mexico and various other countries:
Emerson Research ®
1 unchanged sentence
The Company intends to renew all trademarks necessary for the conduct of its business.
−Removed: The Company considers the Emerson ® trademark to be of material importance to its business and, to a lesser degree, the remaining trademarks.
−Removed: The Company licenses the Emerson ® and certain of its other trademarks to third parties, the scope of which is on a limited product and geographic basis and for a period of time.
+Added: The Company considers its trademarks, and in particular the Emerson ® trademark, to be of material importance to its business.
+Added: The Company licenses the Emerson ® trademark and certain of its other trademarks to third parties, the scope of which is on a limited product and geographic basis and for a period of time.
See “Licensing Activities.”
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As all of the Company’s products are currently manufactured by suppliers in China, the enactment of new legislation or the administration of current international trade regulations or executive action affecting trade agreements, changes in tariffs, trade barriers, price and exchange controls and other regulatory requirements or changes in sourcing patterns could adversely affect the Company’s operations.
−Removed: See Item 1A — “Risk Factors — Legal, Regulatory and Tax Risks — 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” and Item 1A — “Risk Factors — Legal, Regulatory and Tax Risks — Tariffs or other restrictions placed on the Company’s products imported into the United States from China, or any related countermeasures taken by China, could have a material adverse effect on the Company’s business, profitability and results of operations.” A number of states have adopted statutes regulating the manner of determining the amount of payments to independent service centers performing warranty service on products such as those sold by the Company.
+Added: See Item 1A — “Risk Factors — Legal, Regulatory and Tax Risks — 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” and Item 1A — “Risk Factors — Legal, Regulatory and Tax Risks — Tariffs or other restrictions placed on the Company’s products imported into the United States from China, or any 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.”
+Added: As a marketer and distributor of consumer products, we are subject to the Consumer Product Safety Act and the Federal Hazardous Substances Act, which empower the Consumer Products Safety Commission (“CPSC”) to seek to exclude from the market those products that are found to be unsafe or hazardous.
+Added: In addition, the U.S.
+Added: Food and Drug Administration (“FDA”) and other governmental authorities regulate the development, manufacture, sale and distribution of certain of our products.
+Added: Under certain circumstances, the CPSC, the FDA or other government agencies could require us to repair, replace or refund the purchase price of one or more of our products, or we may voluntarily do so.
+Added: A number of states have adopted statutes regulating the manner of determining the amount of payments to independent service centers performing warranty service on products such as those sold by the Company.
Additional Federal legislation and regulations regarding the importation of consumer electronics products, including the products marketed by the Company, have been proposed from time to time and, if enacted into law, could adversely affect the Company’s financial condition and results of operations.
9 unchanged sentences
The Company’s corporate website is located at www.emersonradio.com.
−Removed: The Company files reports and other information with the Securities and Exchange Commission ("SEC") pursuant to the information requirements of the Exchange Act.
+Added: The Company files reports and other information with the SEC pursuant to the information requirements of the Exchange Act.
The Company makes available free of charge, on or through its website, the Company’s annual, quarterly and current reports, and any amendments to those reports, as soon as reasonably practicable after electronically filing such reports with the SEC.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.