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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.
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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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Mace Security International expands its Q&A process with a virtual Investor Day on April 30, 2024, focusing on growth strategy and financial outlook. Sanjay Singh and Kunal Mehta will present strategic initiatives and growth drivers.
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Mace® Security International announces a virtual Investor Day on April 30, 2024, to discuss growth strategy, new ventures, and financial outlook. Sanjay Singh and Kunal Mehta will present strategic initiatives and growth drivers.
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Mace Security International (MACE) reported fourth-quarter 2023 net sales of $1,683,000, down 21% from the previous year due to a slowdown in retail impulse purchases. Gross profit rate decreased to 22%, leading to a loss of ($533,000) in adjusted EBITDA. The company raised $300,000 in Q1, 2024 to fund new sales initiatives. Year-to-date 2023 net sales declined by 25% compared to 2022, with a net loss of $4,431,000. Mace will host a virtual Investor Day to discuss its growth strategy and financial outlook.
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Mace Security International secures a $150,000 unsecured loan from a Board member to fund legal fees and new initiatives, including the Mace-Salt pepper ball launcher.
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Mace Security International, Inc. (MACE) signs a lucrative contract to provide training and products to a nationwide service company, expecting $300,000 in revenues. The partnership with U.S. LawShield aims to offer self-defense training to 26,000 employees, covering various topics.
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Mace Security International closes a non-brokered private placement of a convertible note, providing additional funding to reduce inventory levels and improve borrowing availability.
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Mace Security International, Inc. announced the resignation of Margaret D. Jordan from its Board of Directors due to time commitments and compensation concerns. CEO Sanjay Singh expressed appreciation for her service.
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Mace Security International, Inc. has entered into a Supply & License Agreement with Salt Supply, LLC for a range of .68 caliber products, including the new s2 Pepper Launcher. The partnership will offer a high-velocity 5-shot magazine launcher and an ultra-potent Mace Brand pepper plus tear gas projectile, targeting private security agencies, specialty retailers, gun owners, and e-commerce consumers. The products will be unveiled at SHOT Show 2024 in Las Vegas.
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Mace Security International, Inc. appoints Kunal Mehta as Head of Digital Marketing to drive direct-to-consumer growth strategies. Mr. Mehta's background in revenue growth and digital optimization makes him a suitable candidate for the role. The company has seen a 43% revenue growth on its Amazon platform in December 2023 compared to the prior month and is making changes in its marketing agency effective February 1, 2024. Mr. Mehta's previous executive roles include CEO of Punchey, Inc. and leadership positions at Hell's Creative and Montana Advisors, LTD.
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FAQ
What is the current stock price of MACE SECURITY INTL (MACE)?
The current stock price of MACE SECURITY INTL (MACE) is $0.02 as of October 15, 2024.
What is the market cap of MACE SECURITY INTL (MACE)?
The market cap of MACE SECURITY INTL (MACE) is approximately 1.3M.
What products does Mace Security International, Inc. offer?
Mace Security International, Inc. offers a wide range of security products, including pepper sprays, surveillance cameras, security DVRs, and CCTV equipment.
Where are Mace Security International, Inc.'s products manufactured?
Mace Security International, Inc.'s products are manufactured in the USA at their Midwest-based headquarters.
What recent partnerships has Mace Security International, Inc. announced?
Mace Security International, Inc. recently announced partnerships to provide training and non-lethal personal safety products for employees of a metropolitan transit company.
How long has Mace Security International, Inc. been in operation?
Mace Security International, Inc. has been in operation since 1970, known for being the original manufacturer of pepper sprays.
What is the focus of Mace Security International, Inc.?
Mace Security International, Inc. focuses on empowering individuals and communities to prioritize personal safety through their innovative security products.
MACE SECURITY INTL INC
OTC:MACE
MACE Rankings
MACE Stock Data
1.34M
61.13M
8.09%
0.32%
Security & Protection Services
Industrials
United States of America
Cleveland