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George Risk Industries, Inc., also known by its ticker symbol RSKIA, is a prominent American manufacturer specializing in security products such as magnetic reed switches, water sensors, pool alarms, and electronic temperature and humidity monitors. The company reported net sales of $4,728,000.00 for the quarter ending July 31, 2023, showing a significant increase in net income from the previous year. With ongoing new product development and expansion plans, George Risk Industries continues to be a pioneer in the security and proximity sensor industries.
George Risk Industries, Inc. (OTC Pink: RSKIA) reported strong financial results for the fiscal year ending April 30, 2024. Net sales increased by 8.95% to $21,767,000, while net income surged 58.88% to $7,558,000. Earnings per share rose to $1.54, up from $0.96 in the previous year. The company declared a dividend of $1.00 per common share, a $0.35 increase from last year.
Despite ongoing material delays, GRI has open orders exceeding $1.3 million. The company is developing new products, including explosion-proof contacts and high-security magnetic contacts for government and military applications. GRI continues to see strong demand across residential and commercial sectors, indicating a growing economy.
George Risk Industries, Inc. (OTC PINK:RSKIA) reported net sales of $5,210,000 for the quarter ending July 31, 2022, marking a 5.15% increase year-over-year. However, net income decreased by 39.81% to $1,051,000, attributed to losses in realized and unrealized gains on investments. The company announced a $0.60 dividend per share, a $0.10 increase from the previous year, payable by October 31, 2022. Ongoing product development includes UL-listed explosion proof contacts and wireless monitoring devices, with production on a new pool access alarm series already started.
George Risk Industries, Inc. (OTC PINK:RSKIA) reported net sales of $4,955,000 for the quarter ending July 31, 2021, marking a 22.44% increase year-over-year. However, net income fell by 29.97% to $1,746,000 due to reduced unrealized gains on investments. The company declared a dividend of $0.50 per common share, an increase from last year's $0.42, payable by October 31, 2021. Challenges include supply chain delays as the pandemic continues, but the company remains optimistic with ongoing order demand and product development initiatives.
George Risk Industries, Inc. (OTC PINK:RSKIA) reported net sales of $4,047,000 for the quarter ending July 31, 2020, marking a 13.94% increase year-over-year. The net income surged to $2,492,000, a remarkable 155.33% rise from $976,000 last year. Earnings per share also increased to $0.50. A dividend of $0.42 per share was declared, payable by October 31, 2020. The company anticipates record-breaking sales exceeding $15 million due to increased demand after a competitor's closure, despite challenges posed by the COVID-19 pandemic.
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