Tandy Brands Accessories, Inc. reported unaudited consolidated earnings result for the first quarter ended September 30, 2013. For the quarter, the company reported net sales of USD 19.919 million compared to USD 25.871 million a year ago. Operating income was USD 0.099 million compared to operating loss of USD 1.158 million a year ago.

Loss before income tax was USD 1.040 million compared to USD 1.414 million a year ago. Net loss was USD 0.958 million compared to USD 1.285 million a year ago. Basic and diluted loss per share was USD 0.13 compared to USD 0.18 a year ago.

Net cash used for operating activities were USD 7.991 million compared to USD 12.946 million a year ago. Purchases of property and equipment were USD 0.070 million compared to USD 0.325 million a year ago. Adjusted EBITDA was USD 0.067 million compared to adjusted LBITDA of USD 0.509 million a year ago.

Adjusted net loss was USD 1.337 million compared to USD 1.156 million a year ago. Adjusted net loss per common share assuming dilution was USD 0.19 compared to USD 0.16 a year ago.