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Universal Security Instruments Inc  (UUU)
Other Ticker:  
 
 
Price: $1.5925 $-0.05 -2.896%
Day's High: $1.65 Week Perf: -1.55 %
Day's Low: $ 1.59 30 Day Perf: 6.88 %
Volume (M): 12 52 Wk High: $ 5.20
Volume (M$): $ 20 52 Wk Avg: $2.25
Open: $1.65 52 Wk Low: $1.27



 Market Capitalization (Millions $) 4
 Shares Outstanding (Millions) 2
 Employees 15
 Revenues (TTM) (Millions $) 21
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Universal Security Instruments Inc

Universal Security Instruments, Inc. designs and markets a variety of popularly-priced safety products consisting primarily of smoke alarms, carbon monoxide alarms and related products. Most of our products require minimal installation and are designed for easy installation by the consumer without professional assistance, and are sold through retail stores. We also market products to the electrical distribution trade through our wholly-owned subsidiary, USI Electric, Inc. (“USI Electric”). The electrical distribution trade includes electrical and lighting distributors as well as manufactured housing companies. Products sold by USI Electric usually require professional installation.

In 1989 we formed Eyston Company Limited, a limited liability company under the laws of Hong Kong, as a joint venture with a Hong Kong-based partner, to manufacture various products in the Peoples Republic of China (the “Hong Kong Joint Venture”). We currently own a 50% interest in the Hong Kong Joint Venture and are a significant customer of the Hong Kong Joint Venture, with the balance of its sales made to unrelated customers worldwide. We import all of our products from foreign suppliers.

We market a line of residential smoke and carbon monoxide alarms under the trade names “UNIVERSAL” and “USI Electric” both of which are manufactured by the Hong Kong Joint Venture.

Our line of safety alarms consists of units powered by replaceable batteries, ten year sealed batteries, and electrical with battery backup alarms. Our replaceable battery products contain different types of batteries with different battery lives, and some with alarm silencers. The smoke alarms marketed to the electrical distribution trade also include hearing impaired and heat alarms with a variety of features. We also market door chimes and ventilation products.

Over the past several fiscal years we have added significantly to our intellectual property portfolio. Since 2010 the United States Patent and Trademark Office has awarded eight patents to the Company, many being applied to our “Smart Alarm Technology” developed to significantly reduce nuisance alarms. This “Smart Alarm Technology” is being incorporated into our new sealed battery alarms. In addition, certain of our detector designs have also been awarded patents. We consider these patented enhancements to form a core part of the Company’s “next generation” safety product line. The Company has also been awarded foreign patents for its technology. The Company has actively pursued development of an array of unique packaging and source identifiers with the intent of promoting consumer association with our Company’s “next generation” product line. These efforts have resulted in eight new Trademark registrations being granted by the United States Patent and Trademark Office.


Our wholly-owned subsidiary, USI Electric, Inc., focuses its sales and marketing efforts to maximize safety product sales, especially smoke alarms and carbon monoxide alarms manufactured by our Hong Kong Joint Venture, to the electrical distribution trade and to foreign customers.

 



   Company Address: 11407 Cronhill Drive Owings Mills 21117
   Company Phone Number: 363-3000   Stock Exchange / Ticker: NYSE UUU
   


Customers Net Income grew by UUU's Customers Net Profit Margin grew to

1.34 %

6.64 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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GE   -1.27%    
HON   -3.31%    
JCI   -2.27%    
MMM   -2.38%    
RTX   -0.03%    
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Universal Security Instruments Inc

Electronic Parts & Equipment Company Reports Soft Revenue Throughout Third Quarter of 2024 Earnings Season

Universal Security Instruments Inc (NYSE AMEX: UUU) recently announced its financial results for the fiscal time-frame ending December 31, 2023. The company experienced a significant decline in earnings per share, which dropped by -73.33% to $0.04 per share, compared to $0.15 per share in the previous year. However, it is worth noting that the earnings turned positive from a loss of $-0.08 per share in the prior reporting period.
The company also witnessed a decline in revenue, which receded by -19.166% to $4.65 million from $5.76 million in the comparable reporting period a year ago. However, there was a sequential improvement in revenue, which increased by 25.219% from $3.72 million. These numbers suggest that although the company faced some challenges in generating revenue, it managed to improve its performance in the given quarter.

Universal Security Instruments Inc

Universal Security Instruments Inc. Faces Economic Struggle as it Slips into Deficit for the Financial Span Ending September 30, 2023

/>Universal Security Instruments Inc., a prominent Electronic Parts & Equipment company, has recently announced its financial results for the July to September period of 2023. Unfortunately, the company witnessed a significant decline in revenue and earnings compared to the same period the previous year. This article aims to provide an overview of the financial results, with a particular focus on revenue, earnings per share, net loss, stockpiles, and accounts receivable. Furthermore, the current performance of Universal Security Instruments Inc. in the stock market will also be discussed.
Financial Performance Overview:
During the July to September 2023 period, Universal Security Instruments Inc. experienced a substantial decline in revenue, with a negative growth rate of -36.531%. Revenue fell to $3.72 million from $6.70 million in the same three months of the preceding year. This decline is quite significant, indicating a considerable impact on the company's operations.

Universal Security Instruments Inc

Universal Security Instruments Inc Surprises Investors with Turnaround in Profits Amidst Recent Turbulence

Over the past week, shares of Universal Security Instruments Inc have experienced a significant drop of -12.21%. This decline brings the year-to-date performance down to 27.18%. Currently, the stock is trading on the NYSE at -7.8% below its 52-week average. These figures indicate a potential cause for concern among investors.
However, it is worth delving deeper into the financial performance of Universal Security Instruments Inc to understand the reasons behind these numbers. For the most recent fiscal period, the company's earnings turned positive, with a reported $0.07 per share. This is a notable improvement from the previous year's earnings of $-0.05 per share. However, profit did experience a significant decline of -43.12% from the previous reporting period's earnings of $0.12 per share.
On the revenue front, Universal Security Instruments Inc saw an impressive 44.516% jump to $6.70 million from $4.64 million in the comparable reporting period a year ago. The company's revenue also increased sequentially, showing a 13.007% growth from $5.93 million. These figures indicate a positive trend in terms of revenue generation.

Universal Security Instruments Inc

Revival Triumph: Universal Security Instruments Inc. Achieves Positive Profitability in Q4 2023 with a 38.159% Revenue Jump

Universal Security Instruments Inc is an electronic parts and equipment company that has shown positive growth and profitability in recent financial reporting periods. In the fourth quarter of the 2023 earnings season, the company's profitability turned positive, with a profit of $0.12 per share compared to a loss of $0.10 per share the previous year. However, profits fell by 17.96% from $0.15 per share in the preceding financial reporting period.
The revenue of Universal Security Instruments Inc has experienced a significant jump of 38.159% to $5.93 million in the fourth quarter of 2023, compared to $4.29 million in the same period a year ago. Additionally, the company's revenue sequentially surged by 2.937% from $5.76 million. These strong revenue figures showcase the company's ability to generate consistent growth.






 

Universal Security Instruments Inc's Segments
 
 
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