Universal Security Instruments Stock Price, News & Analysis

Universal Safety Products (NYSE American: UUU) reported its fiscal Q1 2025 results, with sales declining to $3.82 million from $4.60 million in the same period last year. The company posted a significant net income of $1.81 million ($0.78 per share), compared to a net loss of $442,206 ($0.19 per share) in Q1 2024.

The improved bottom line was primarily driven by a $2.82 million gain from the sale of its smoke and carbon monoxide alarm segment in May 2025. However, ongoing sales were negatively impacted by increased import tariffs across all product lines. The company plans to maintain operations in its wiring device and bath fan segments while exploring growth opportunities.

The balance sheet shows a strong cash position of $3.82 million, up from $321,539 year-over-year, and the company has eliminated its line of credit, which stood at $2.22 million last year.

Universal Safety Products (NYSE American: UUU) reported significant financial improvements for Q4 and fiscal year 2025. Q4 sales increased 40.0% to $6.23 million, with net income of $1.30 million ($0.56 per share) compared to a loss in the previous year. For FY2025, sales grew 20.7% to $23.56 million, with net income of $500,684 ($0.22 per share).

The company announced the sale of its smoke and carbon monoxide alarm business to Feit Electric Company on May 22, 2025. While continuing to market other product lines imported from China, performance remains dependent on tariff impacts. The improved financial results were primarily driven by increased retail customer sales and tax benefits from asset sale gains.

Universal Safety Products (NYSE American: UUU) has received a notice of noncompliance from NYSE Regulation on July 16, 2025, due to failing to timely file its Annual Report on Form 10-K for the year ended March 31, 2025. The company, which imports and distributes home safety devices, has been granted a six-month grace period until January 15, 2026, to file the delayed Form 10-K and regain compliance with NYSE American listing standards.

While there is no immediate impact on UUU's stock listing or trading, the Exchange may grant an additional six-month extension based on specific circumstances. However, NYSE Regulation maintains the right to initiate suspension and delisting proceedings at any time. The company expects to file the Form 10-K within the initial six-month period, though this cannot be guaranteed.

Universal Security Instruments (NYSE: UUU) reported its fiscal third quarter and nine months results ended December 31, 2024. Despite sales increasing 18.9% to $5.5M in Q3 and 15.0% to $17.3M for the nine-month period, the company reported significant losses. Q3 saw a net loss of $936,639 ($0.40 per share) compared to a net income of $102,176 ($0.04 per share) last year.

The company has entered into an Asset Purchase Agreement with Feit Electric Company on October 29, 2024. The lower quarterly results were attributed to bulk sales of excess inventory at reduced margins and substantial expenses related to the potential asset sale. If shareholders don't approve the asset sale, the company may consider delisting from NYSE MKT and terminating its periodic reporting obligations.

Universal Security Instruments (NYSE AMEX: UUU) reported its fiscal third quarter and nine months results ended December 31, 2024. Q3 sales increased 18.9% to $5.5M, but the company recorded a net loss of $936,639 ($0.40 per share) compared to net income of $102,176 ($0.04 per share) last year. Nine-month sales grew 15.0% to $17.3M, with a net loss of $801,867 ($0.35 per share) versus net income of $80,881 ($0.03 per share) in 2023.

The company entered into an Asset Purchase Agreement with Feit Electric Company on October 29, 2024. The lower results were attributed to bulk sales of excess inventory at reduced margins and substantial expenses related to the potential asset sale. If shareholders don't approve the sale, the company may consider delisting from NYSE MKT and terminating its reporting obligations.

Universal Security Instruments (NYSE AMEX: UUU) reported significant growth in its fiscal second quarter ended September 30, 2024. Sales increased 93.8% to $7.2 million, compared to $3.7 million in the same period last year. The company posted a net income of $576,978 ($0.25 per share), reversing last year's loss of $186,425. Six-month sales rose 13.3% to $11.8 million. A major sale to a national retail chain contributed $3.5 million to quarterly revenue, though this level is not expected to continue. The company has entered into an Asset Purchase Agreement with Feit Electric Company, pending shareholder approval in Q1 2025.

Universal Security Instruments (NYSE Amex: UUU) reported its fiscal quarter results ended June 30, 2024. The company experienced a significant decline in sales, dropping from $6,698,771 in the previous year to $4,598,516 this quarter. UUU also reported a net loss of $442,206, or $(0.19) per basic and diluted share, compared to a net income of $165,130, or $0.07 per share, in the same period last year.

CEO Harvey Grossblatt attributed the lower sales to supply chain delays in obtaining components for security products. Additionally, gross margins were reduced due to higher ocean freight and component costs. Universal Security Instruments, founded in 1969, is a distributor of safety and security devices, specializing in smoke, fire, and carbon monoxide alarms.

Universal Security Instruments (NYSE Amex: UUU) reported its financial results for Q4 and the fiscal year ending March 31, 2024. In Q4, sales dropped 18.5% to $4.83 million, leading to a net loss of $476,671, or $0.21 per share, from a net income of $284,635 in the same period last year. Annual sales decreased by 10.3% to $19.90 million, resulting in a net loss of $395,790, or $0.17 per share, compared to a net income of $720,411 the previous year. Current-year results reflect a $150,000 insurance audit and a $168,000 increase in the provision for credit losses, including amounts under litigation. Supply chain issues and rising ocean freight rates further impacted sales.