Focus Universal Inc. Announces $2.6 Million Capital Gain on Asset Sale [Yahoo! Finance]
Focus Universal Inc. (FCUV)
NASDAQ:AMEX Investor Relations:
investor.universalcorp.com
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Source: Yahoo! Finance
patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced the sale of its Ontario warehouse facility. "Our company has sold the warehouse for $7.1 million dollars, which has resulted in a $2.6 million dollar capital gain. As we purchased our warehouse for $4.5 million dollars in 2018, we feel it is the proper time to realize our investment given the changing market dynamics moving forward. We feel like our prudent and successful investment has yielded a beneficial return for the continued development of our company, and we plan to use the cash and proceeds to promote our Ubiquitor and SEC financial reporting automation software," said Focus Chief Executive Officer Desheng Wang. Unlike most electronic devices on the market that can perform only a single predefined function, the Ubiquitor can perform any multiple customized functions, as the Focus Universal product eliminates the need for multiple devices and allows for efficient utiliza
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News
- Focus Universal Inc. Announces Board Approval for Spin-Off of Lusher Inc. [Yahoo! Finance]Yahoo! Finance
- Focus Universal Inc. Announces Board Approval for Spin-Off of Lusher Inc.Accesswire
- Focus Universal Inc. Announces Warren Wang as Chief Strategy Officer [Yahoo! Finance]Yahoo! Finance
- Focus Universal Inc. Announces Warren Wang as Chief Strategy Officer Accesswire
- Focus Universal Full Year 2023 Earnings: US$0.078 loss per share (vs US$0.076 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
FCUV
Sec Filings
- 4/16/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/22/24 - Form 8-K
- FCUV's page on the SEC website