Universal Security Instruments Announces its Fourth-Quarter and Year-End Results
Universal Security Instruments, Inc. (UUU)
NASDAQ:AMEX Investor Relations:
universalsecurity.com/investor-relations
Company Research
Source: PR Newswire
OWINGS MILLS, Md., July 15, 2019 /PRNewswire/ -- Universal Security Instruments, Inc. (NYSE Amex: UUU) today announced its financial results for the fourth quarter and its fiscal year ended March 31, 2019. The Company reported the following for its fourth quarter and fiscal year ended March 31, 2019:For the fourth quarter ended March 31, 2019, sales increased $107,225 (2.4%) to $4,523,930 from $4,416,705 from the comparable period last year. USI reported a net loss of $270,836, or $0.12 per basic and diluted share compared to a net loss of $535,926, or $0.23 per basic and diluted share for the comparable period of the previous year.For the 12 months ended March 31, 2019, sales increased $2,714,851 (18.3%) to $17,588,040 versus $14,873,189 for the same period last year. The Company reported a net loss of $1,347,986, or $0.58 per basic and diluted share, versus a net loss of $2,262,310 or $0.98 per basic and diluted share, for the same period last year. Harvey Grossblatt, President and
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