Tandy Leather Factory Inc. has released its financial results for the first quarter of 2025. The company reported revenues of $19.0 million, which is a decrease of 1.2% compared to $19.3 million in the same period of 2024. The gross profit for the first quarter was $10.7 million, slightly down from $10.9 million in 2024. The company achieved an operating income of $0.3 million, while net income from operations was $0.3 million, a decline from $0.7 million the previous year. Tandy Leather Factory reported adjusted net income of $0.4 million and an adjusted EBITDA of $0.6 million. As of March 31, 2025, the company had $23.6 million in cash and cash equivalents, up from $12.3 million a year earlier. This increase is attributed to the proceeds from the sale of the company's corporate headquarters in January 2025. The company also experienced operating expenses of $10.5 million, which is an increase of 1.8% from 2024. Additionally, Tandy Leather Factory is preparing for potential impacts from announced tariffs on the U.S. economy, which may require an increase in retail prices and could lead to a decline in sales and profits.