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Universal Security Instruments, Inc. - $UUU STOCK NEWS

Welcome to our dedicated page for Universal Security Instruments news (Ticker: $UUU), a resource for investors and traders seeking the latest updates and insights on Universal Security Instruments stock.

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Rhea-AI Summary
Universal Security Instruments, Inc. (UUU) reported a decrease in sales for the fiscal third quarter and nine months ended December 31, 2023. Sales dropped by 19.2% to $4,654,978 for the three months and by 7.3% to $15,071,204 for the nine months compared to the same periods in 2022. Net income also decreased significantly, with $102,176 for the quarter and $80,881 for the nine months, down from $341,312 and $435,776 respectively. The company attributed the sales decline to supply chain difficulties. Despite the challenges, Universal Security Instruments continues to focus on innovative safety and security products.
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13.87%
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Rhea-AI Summary
Universal Security Instruments, Inc. (NYSE AMEX: UUU) announced a decrease in sales by 36.5% for the fiscal second quarter ended September 30, 2023, along with a net loss of $186,425. The company attributed the decline to delays in cargo shipments and supply chain issues. Sales for the six months ended September 30, 2023, also decreased by 0.7% to $10,416,226, with a net loss of $21,295. The President cited additional premium expenses and lower net income as contributing factors to the loss.
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5.49%
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Rhea-AI Summary
Universal Security Instruments, Inc. (NYSE Amex: UUU) reported sales of $6,698,771 for the quarter ended June 30, 2023, compared to $4,635,304 for the same period last year. The company reported net income of $165,130 or $0.07 per share, in contrast to a net loss of $106,138 or $0.05 per share, for the previous year's quarter.
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Universal Security Instruments, Inc.

NYSE:UUU

UUU Rankings

UUU Stock Data

3.52M
2.06M
10.71%
15.38%
1.73%
Other Electronic Parts and Equipment Merchant Wholesalers
Wholesale Trade
Link
United States of America
OWINGS MILLS

About UUU

usi (universal security instruments, inc.) produces the most innovative home protection solutions available today! since our founding in 1969, we’ve become one of the largest manufacturers of smoke and carbon monoxide alarms in the world. we hold 11 patents on detection technologies, which means we're on the cutting edge of 'keeping your family safe'​. usi has become one of the largest manufacturers of smoke and carbon monoxide alarms in the world. in july of 2003, usi was listed on the american stock exchange. our trading symbol is uuu. universal security has its headquarters in owings mills (a suburb of baltimore) and maintains strategic warehouse facilities throughout the united states which enables its customers to receive product the next day without the additional cost of overnight service. usi is dedicated to providing the highest quality products, while creating utmost customer satisfaction. usi manufacturing facilities is quality certified to iso 9001. twitter: @usialarms http