earnings
confidence high
sentiment negative
materiality 0.85
Universal Security Q3 revenue up 18.9% but swings to net loss; asset sale pending
UNIVERSAL SAFETY PRODUCTS, INC.
2025-Q3 EPS reported
-$0.35
revenue$17,336,933
- Q3 sales $5.54M (+18.9% YoY); net loss $936,639 ($0.40/sh) vs net income $102,176 ($0.04/sh) last year.
- Nine-month sales $17.34M (+15%); net loss $801,867 ($0.35/sh) vs net income $80,881 ($0.03/sh).
- Losses driven by bulk sales of excess/obsolete inventory at reduced margins and expenses for Feit Electric asset sale.
- Asset Purchase Agreement with Feit Electric entered Oct 29; shareholder vote at March 6, 2025 special meeting; closing expected Q2 2025.
- If sale not approved, company will consider delisting from NYSE MKT and terminating SEC reporting obligations.