USLG Announces Revenue and Earnings Date for Third Quarter
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.
- Achieved record revenue of approximately $0.5 million for Q3 2022.
- Cortes Campers shipped the highest level of units, indicating strong demand.
- Favorable outlook for Q4 2022 and 2023, with a focus on bottom line profitability.
- None.
Record Sales Since Company Transformation; On Track for Strong End to 2022
EUCLID, OH / ACCESSWIRE / October 4, 2022 / US Lighting Group, Inc. (OTC:USLG) today announced that it recorded revenue of approximately
"As promised, we have continued to ramp up production and accelerate top line growth as the year has progressed - with third quarter revenue coming in at record levels," said Anthony Corpora, Chief Executive Officer of USLG. "This puts us on pace to have a great fourth quarter and positions us for even better results in 2023, as we strive to meet demand and focus the Company on bottom line profitability. Given this favorable outlook, we will also begin hosting earnings calls this quarter, which we anticipate taking place on or around October 25."
About USLG
US Lighting Group (OTC:USLG) has three subsidiaries which design and market various products: Cortes Campers, LLC, for molded fiberglass travel trailers and campers; Fusion X Marine, LLC, for high-performance boats; Futuro Houses, LLC, for fiberglass houses; and one subsidiary, Mig Marine Corp., which manufacturers composite products. The Company and its subsidiaries have manufacturing and R&D facilities in Cleveland, Ohio. For additional information: https://uslightinggroup.com/
Forward-Looking Statements
Certain statements in this news release, including, but not limited to, reference to orders, sales goals, design effects, growth of the production and industries, may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. Statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.
Investor Relations Contact:
Chris Witty
646-438-9385
cwitty@darrowir.com
SOURCE: US Lighting Group
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