Welcome to our dedicated page for US LIGHTING GROUP news (Ticker: USLG), a resource for investors and traders seeking the latest updates and insights on US LIGHTING GROUP stock.
US Lighting Group, a subdivision of the prominent LED gauge display manufacturer Intellitronix, is the company responsible for producing the longest-lasting LED bulb on the market. With top-tier energy efficiency and a lifespan exceeding two decades, their expert engineering and unique design have set them apart. All products are proudly manufactured in the USA and distributed domestically and internationally. US Lighting Group not only engineers and manufactures long-lasting LED bulbs but also provides unique distributorship opportunities. Rather than traditional franchises, USLG offers businesses and individuals the chance to own a distributorship, combining the benefits of franchising with the freedom of business ownership.
US Lighting Group (OTC:USLG) announced that its subsidiary, Cortes Campers, has been approved to sell campers through a major US floor planning program, facilitating credit-based inventory purchases for RV dealers. This strategic move aims to enhance Cortes Campers' distribution network, with initial sales including three units valued at $215,000 to Gerzeny's RV World in Florida. The company is also ramping up production for 2023, introducing new color options and emphasizing its unique construction using high-quality fiberglass composites, making them corrosion and rot-resistant.
US Lighting Group (OTC PINK:USLG) has announced that its manufacturing subsidiary, Mig Marine Corp. dba Cortes Campers, has been approved as a member of the RV Industry Association (RVIA). This membership certifies that Cortes Campers adhere to over 500 safety requirements for recreational vehicles, enhancing dealer confidence. The RVIA membership provides Cortes Campers access to vital resources such as market research and advocacy, assisting in product design and dealer partnerships. This development signifies a strong commitment to quality and safety in the RV market.
USLG, Inc. reported third-quarter financial results for 2022, with net sales reaching approximately $0.5 million, a dramatic increase from $21,000 in the same period last year. Despite this growth, the company incurred a net loss from continuing operations of $0.7 million, up from $0.2 million a year prior, attributed to heightened investments in staffing and marketing. As of September 30, 2022, the backlog stood at $5.06 million. The company is optimistic about continued growth, especially with new dealership expansions, including California, and aims to achieve cash flow positivity in the first half of 2023.
US Lighting Group, Inc. (OTC PINK:USLG) announced a strategic partnership with Hamilton & Jackson Investments (HJI) to introduce Cortes Campers to California, with an initial purchase order valued at $237,000. This collaboration aims to enhance product growth through relationships with high-end RV dealerships. HJI's leaders, Michael Hamilton and Cathy Estrella, expressed confidence in the product's alignment with California's outdoor lifestyle. A dedicated website for Cortes Campers California has been launched to facilitate consumer outreach and education.
US Lighting Group (OTC PINK:USLG) has secured an exclusive dealership agreement with Leo's Vacation Center in Maryland for its Cortes Campers, starting with a $237,000 order. Leo's, a family-run business with a reputation as Maryland's top motor home dealer, will aid USLG in expanding its market presence. The shipping of units is expected to commence in Q4 2022. Cortes Campers specializes in durable, lightweight RVs made from marine-grade materials, enhancing user-friendliness for campers.
US Lighting Group (OTC PINK:USLG) has signed an exclusive dealership agreement with Knuckleberry Custom Trailers in Tennessee, with an initial purchase order valued at $237,000. This partnership aims to expand USLG's presence in the lucrative RV market, particularly in states known for outdoor activities. Cortes Campers, known for using high-quality fiberglass composites, will begin shipping units to Knuckleberry in Q4 2022. CEO Anthony Corpora expressed optimism about growth opportunities in Tennessee, a market rich in camping and outdoor ventures.
US Lighting Group (OTC PINK:USLG) will present at the LD Micro Main Event Investor Conference on October 26, 2022, at the Luxe Sunset Boulevard Hotel, Los Angeles. The management will discuss the company's growth and technology advancements at 1:00 p.m. Pacific via webcast, with one-on-one meetings available. The conference will feature over 200 companies, providing a platform for USLG to showcase its innovations in advanced composites products. CEO Anthony Corpora emphasized strong growth leading into 2023. For more details, contact investor relations.
US Lighting Group (OTC PINK:USLG) has appointed Woodland Marine as an exclusive dealer for Cortes Campers, marking an initial purchase order worth $237,000. This partnership aims to introduce the Cortes Campers brand to North Dakota's expanding RV market. Shipments are set to commence in the fourth quarter of 2022. Cortes Campers' travel trailers offer unique marine-grade construction, enhancing durability and weight efficiency, making them appealing for outdoor enthusiasts. The move reflects USLG’s strategy to capitalize on the growing demand for RVs and campers.
US Lighting Group (OTC:USLG) reported record revenue of approximately $0.5 million for its fiscal third quarter ending September 30, 2022, marking a significant milestone since its transformation into a provider of composite applications in 2021.
This growth was mainly driven by Cortes Campers, which achieved its highest shipment levels. The company anticipates continued growth and aims for strong results in the fourth quarter and in 2023. Upcoming earnings calls are planned for around October 25, providing further insights into performance and strategies.
US Lighting Group (OTC PINK:USLG) has signed an exclusive agreement with Miller's RV in Louisiana, committing to a purchase of at least $385,000 in Cortes Campers over the next year. This agreement increases the total number of distributors for Cortes Campers to ten across the USA. The first 17-ft RV travel trailer will be shipped to Louisiana this September. CEO Anthony Corpora expressed optimism about growing demand and production capabilities, anticipating stronger shipment quantities in the upcoming quarters.
FAQ
What is the current stock price of US LIGHTING GROUP (USLG)?
What is the market cap of US LIGHTING GROUP (USLG)?
What makes US Lighting Group stand out?
Where are US Lighting Group products manufactured?
What unique opportunities does USLG offer?
What sets US Lighting Group apart?
Where does US Lighting Group distribute its products?
