Bassett Furniture Industries, Inc. is a leading manufacturer and marketer of high quality home furnishings. With 97 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett's retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally and a logistics business specializing in home furnishings.
Company profile
Ticker
BSET
Exchange
Website
CEO
Robert H. Spilman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
540135270
BSET stock data
Latest filings (excl ownership)
8-K
Other Events
9 Mar 23
8-K
Submission of Matters to a Vote of Security Holders
9 Mar 23
ARS
2022 FY
Annual report to shareholders
6 Feb 23
DEF 14A
Definitive proxy
6 Feb 23
8-K
Bassett Announces Fiscal Fourth Quarter Results
24 Jan 23
10-K
2022 FY
Annual report
24 Jan 23
8-K
Bassett Regular Quarterly Dividend
12 Jan 23
8-K
Amendments to Articles of Incorporation or Bylaws
23 Nov 22
8-K
Entry into a Material Definitive Agreement
18 Oct 22
8-K
Other Events
12 Oct 22
Latest ownership filings
4
Emma S. Battle
10 Mar 23
4
JOHN WALTER MCDOWELL
10 Mar 23
4
JOHN R BELK
10 Mar 23
4
Virginia W. Hamlet
10 Mar 23
4
KRISTINA K CASHMAN
10 Mar 23
4
William C Wampler Jr
10 Mar 23
4
WILLIAM C WARDEN JR
10 Mar 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G
VANGUARD GROUP INC
9 Feb 23
4
ROBERT H SPILMAN JR
13 Jan 23
Financial summary
| Quarter (USD) | Nov 22 | Aug 22 | May 22 | Feb 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Nov 22 | Nov 21 | Nov 20 | Nov 19 | |
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| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 61.63 mm | 61.63 mm | 61.63 mm | 61.63 mm | 61.63 mm | 61.63 mm |
| Cash burn (monthly) | 1.75 mm | (no burn) | (no burn) | (no burn) | (no burn) | 247.50 k |
| Cash used (since last report) | 6.85 mm | n/a | n/a | n/a | n/a | 969.42 k |
| Cash remaining | 54.78 mm | n/a | n/a | n/a | n/a | 60.66 mm |
| Runway (months of cash) | 31.3 | n/a | n/a | n/a | n/a | 245.1 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Mar 23 | William C Wampler Jr | Common Stock | Grant | Acquire A | No | No | 18.52 | 2,159 | 39.98 k | 22,920 |
| 8 Mar 23 | Kristina K Cashman | Common Stock | Grant | Acquire A | No | No | 18.52 | 2,159 | 39.98 k | 16,180 |
| 8 Mar 23 | William C Warden JR | Common Stock | Grant | Acquire A | No | No | 18.52 | 2,159 | 39.98 k | 55,552 |
| 8 Mar 23 | Virginia W. Hamlet | Common Stock | Grant | Acquire A | No | No | 18.52 | 2,159 | 39.98 k | 12,533 |
| 8 Mar 23 | John R Belk | Common Stock | Grant | Acquire A | No | No | 18.52 | 2,159 | 39.98 k | 34,613 |
News
Bassett Furniture Indus's Return On Capital Employed Insights
25 Jan 23
Bassett Furniture Posts Q4 Earnings Above Street View
24 Jan 23
Dow Drops 100 Points; Verizon Issues Weak Earnings Forecast
24 Jan 23
Bassett Furniture Indus Q4 EPS $0.61 Beats $0.37 Estimate, Sales $121.02M Beat $111.60M Estimate
24 Jan 23