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0.131386861313869 0.131386861313869 0.781021897810219 0.145985401459854 0.116788321167883 0.145985401459854 0.116788321167883 0.116788321167883
Stock impact report

Universal Security Instruments Reports Third-Quarter Results

Universal Security Instruments, Inc. (UUU) 
NASDAQ:AMEX Investor Relations: universalsecurity.com/investor-relations
Company Research Source: GlobeNewswire
OWINGS MILLS, Md., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Universal Security Instruments, Inc. (NYSE AMEX: UUU) today announced results for its fiscal third quarter and nine months ended December 31, 2023. For the three months ended December 31, 2023, sales decreased 19.2% to $4,654,978 compared to sales of $5,758,661 for the same period last year. The Company reported net income of $102,176, or $0.04 per basic and diluted share, compared to net income of $341,312 or $0.15 per basic and diluted share for the same period last year. For the nine months ended December 31, 2023, sales decreased 7.3% to $15,071,204 versus $16,251,106 for the same period last year. The Company reported net income of $80,881, or $0.03 per basic and diluted share, compared to net income of $435,776 or $0.19, per basic and diluted share for the corresponding 2022 period. “The primary reason for the sales decreases during the three and nine-month periods ended December 31, 2023, was supply chain difficult Show less Read more
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