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Mace Security International, Inc. (NASDAQ: MACE) is a globally recognized leader in personal safety and security. With over 40 years of experience, Mace® is known for its original pepper sprays. Manufactured in the USA, Mace® offers a wide range of security products, including pepper sprays, surveillance cameras, security DVRs, and CCTV equipment. The company recently announced partnerships to provide training and non-lethal safety products. With a focus on innovation and quality, Mace® continues to empower individuals and communities to prioritize personal safety.
Mace Security International (OTCQB:MACE), a global leader in personal self-defense sprays, announced an additional unsecured subordinated loan of $100,000 from a Board member on May 23, 2024. The initial draw was $20,000. The loan matures on the sooner of July 27, 2025, or when the company's senior line of credit is repaid, and it bears an interest rate of 10% per annum. This funding will be drawn down as needed.
Mace Security International is well-known for its personal safety and security products, including defense sprays and tactical products under various brands like Mace, Mace Take Down, KUROS!, Vigilant, and Tornado. The company distributes its products through numerous channels, including mass market retailers, Amazon, and its website.
Mace Security International (OTCQB:MACE) announced its financial results for Q1 2024, ending March 31, 2024. Net sales dropped 18% to $1,357,000 due to reduced retail impulse buying amid economic concerns, though e-commerce sales surged by 84%. Gross profit margin increased to 33% from 25% in Q1 2023, aided by better channel mix and plant efficiencies. SG&A expenses, adjusted for non-recurring costs, decreased by 7% to $940,000. Adjusted EBITDA loss narrowed to ($488,000) from ($550,000). Despite a net loss of ($739,000), up from ($747,000) the prior year, the company saw positive signs in e-commerce and cost optimization, including a 27% rise in average daily web sessions and a 34% revenue increase on Mace.com in early Q2 2024.
Mace Security International, Inc. has finalized an agreement with Triple4S Safety, to develop a smart pepper spray device that is GPS and Bluetooth enabled, with a replaceable canister, glass breaker, and quick-release keychain. The product is touted as the most advanced in the industry and will appeal to safety-conscious consumers. Mace will handle manufacturing and sales, while both companies will collaborate on marketing strategies.
Mace Security International, Inc. has launched the s2 Salt + Mace® Brand Pepper Launcher, a revolutionary non-lethal firearm product with exceptional features. Developed in collaboration with Salt Supply , this .68 caliber pepper launcher offers industry-leading stopping power, range, and ease of use. Priced at $299.95, it is below competitors' prices. The launcher uses Mace® Brand pepper projectiles, delivering a cloud of irritant upon impact and breaking. It boasts a muzzle velocity of over 350fps and is durable and accurate, even in cold weather. The kit includes inert rounds for training and "Salt Kinetic" rounds for self-defense. Legal in all 50 states, no background checks or permits are required for carrying.
Mace® Security International, Inc. and U.S. LawShield® have partnered to train 4,000 employees of a regional transit company, generating potential revenues of $24,000. Mace will provide self-defense products, and U.S. LawShield will offer pepper-gel training. Sanjay Singh, Mace Security International CEO, highlighted the importance of empowering individuals with safety education.
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