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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 (OTCQX:MACE) has entered a distribution agreement with SurgePays (NASDAQ:SURG) to distribute pepper spray and personal defense products through SurgePays' network of corner stores and gas stations. This partnership targets the underbanked population of 100 million adults in the U.S., allowing Mace to leverage SurgePays' established distribution channels to enhance product accessibility. Mace, a leader in personal safety products for over 40 years, aims to serve consumers through this collaboration, emphasizing its commitment to safety and security. This agreement signifies a strategic move to expand Mace's market reach into underserved areas, potentially increasing sales and brand visibility.
Mace Security International (OTCQX:MACE) has successfully shipped its opening order for Dollar General in March 2023. This collaboration marks a significant milestone for Mace, as Dollar General operates nearly 19,000 locations across the U.S., aiming to provide affordable, high-quality products to its customers. Mace's Chairman and CEO, Sanjay Singh, expressed optimism about ongoing operations to support Dollar General’s Back-to-School program in 2023. With over 40 years of experience, Mace is recognized for its personal safety and security products, including pepper sprays and tactical devices, serving both consumers and law enforcement. This partnership will enhance Mace's distribution channels and visibility in the retail space.
Mace Security International (MACE) announced a delay in filing its December 31, 2022 Audited Financial Statements and 2022 OTCQX Annual Report. The company requires additional time for audit preparation and expects to file these reports between April 15 and May 1, 2023. This announcement raises questions about the company's financial health and timely compliance with reporting requirements. Mace, based in Cleveland, Ohio, has been a leader in personal safety and security products for over 40 years, providing defense sprays and tactical solutions for consumers and law enforcement. For further details, visit www.mace.com.
Mace Security International (OTCQX:MACE), a leader in personal safety products, will participate in the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 11:30 AM (EST). This interactive online event allows investors to ask questions in real-time, with a recorded webcast available post-event for those unable to attend live. Pre-registration is recommended for a smooth experience. MACE is recognized for over 40 years of innovation in personal defense products, including a range of defense sprays and security tools.
Mace Security International (OTCQX:MACE) has entered a co-branding partnership with F3 Defense, recognized for its mobile pepper spray systems. This collaboration will introduce two new products: the Mace Brand F3 Defense Passenger Protection System and the Mace Brand F3 Defense The Truck Stop Commercial Vehicle Protection System. Designed for automobiles and trucks, both systems utilize Mace's MAG 9 pepper spray. Mace will act as the exclusive distributor in commercial and civilian markets, enhancing its product lineup and market presence.
Mace Security International (OTCQX:MACE) reported its third quarter 2022 financial results, with net sales of $2,504,000, down 34% year-over-year but up 26% from Q2 2022. Gross profit rate fell to 38% due to rising costs, despite improved operational efficiencies. The company experienced a net loss of ($233,000), contrasting with a net income of $142,000 in Q3 2021. Notably, online sales surged 144% and the sporting goods sector grew 69% compared to the previous quarter. Mace's cash reserves dropped to $48,000 as of September 30, 2022.
Mace Security International, Inc. (OTCQX:MACE) will host its Q3 2022 earnings conference call on November 2, 2022, at 11:00 AM EDT. A financial results release will be distributed on November 1, 2022, after market close. The call will be accessible via this link or by calling (800) 776-0420 with passcode 323345. A recording will be available post-call until November 17, 2022. Mace, a leader in personal safety products, has over 40 years of experience in the industry.
Mace Security International, Inc. (OTCQX:MACE) has announced a partnership with Legal Heat to develop fee-based self-defense courses, creating a significant new revenue stream. These courses will cover vital topics such as situational awareness and the legal aspects of self-defense. They will be available online and in-person across over 200 locations. Additionally, Margaret Jordan has been appointed to the Board of Directors, bringing valuable business development experience. The collaboration aims to enhance personal safety and leverage Mace's recognized brand in the safety market.
Mace Security International has partnered with Dollar General, marking the fourth major retail collaboration in 2022. Dollar General, which operates nearly 19,000 stores nationwide, will offer Mace's personal safety pepper spray starting spring 2023, including promotions for the Back-to-School program. CEO Sanjay Singh expressed excitement about providing trusted security products to Dollar General's customers. The partnership aligns with Mace's strategy to expand its retail presence and enhance brand visibility in the personal safety market.
Mace Security International (OTCQX:MACE) has completed its restructuring efforts aimed at enhancing operational efficiency and reducing costs, effective from April 2022. The company reported a positive adjusted EBITDA for Q3 2022, contingent on no unexpected accounting adjustments. During Q2 and Q3, MACE expanded its retail footprint by adding four new retailers and several international customers. The CEO expressed optimism about growth, noting a lower breakeven point at $11 million, which should facilitate continued EBITDA improvements as revenue increases.
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