---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-007268"
form_type: "8-K"
ticker: "UG"
cik: "0000101295"
company_name: "UNITED GUARDIAN INC"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T00:31:16.266021+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# United-Guardian Q3 net income drops 66% to $345K; sales down 24% YoY

## Summary
- Q3 2022 net income $345,518 ($0.07/sh) vs $1,016,506 ($0.22/sh) in Q3 2021.
- Q3 net sales fell 24% to $2,417,022 from $3,179,746 a year earlier.
- Nine-month net income $1,890,307 ($0.41/sh) vs $3,542,232 ($0.77/sh); sales $9,935,557 vs $10,268,592.
- CEO Beatriz Blanco cited COVID lockdowns in China and overstocking after a customer switched Lubrajel formulations.
- New President and CEO Beatriz Blanco assumed role; management remains optimistic for 2023.

## SEC filing metadata
- accession: 0001171843-22-007268
- form_type: 8-K
- ticker: UG
- cik: 0000101295
- company_name: UNITED GUARDIAN INC
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101295/000117184322007268/0001171843-22-007268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101295/000117184322007268/f8k_110422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-007268
- JSON: https://secwatch.observer/filing/0001171843-22-007268.json
- Plain text: https://secwatch.observer/filing/0001171843-22-007268.txt

## Key facts
- Earnings Releases
  UNITED GUARDIAN INC reported nine-month period ended September 30, 2022 results: revenue $9,935,557, net income $1,890,307 ($0.41 per share), EPS $0.41 per share.
  - Period: nine-month period ended September 30, 2022
  - Revenue: $9,935,557
  - Net income: $1,890,307 ($0.41 per share)
  - EPS: $0.41 per share
  - Result: reported results
  source text: For the nine-month period ended September 30 th net income decreased from $3,542,232 ($0.77 per share) in 2021 to $1,890,307 ($0.41 per share) this year, and net sales decreased from $10,268,592 to $9,935,557.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101295/000117184322007268/0001171843-22-007268-index.htm
- Earnings Releases
  UNITED GUARDIAN INC reported third quarter of 2022 results: revenue $2,417,022, net income $345,518 ($0.07 per share), EPS $0.07 per share.
  - Period: third quarter of 2022
  - Revenue: $2,417,022
  - Net income: $345,518 ($0.07 per share)
  - EPS: $0.07 per share
  - Result: reported results
  source text: United-Guardian, Inc. (NASDAQ:UG) reported today that net income for the third quarter of 2022 decreased from $1,016,506 ($0.22 per share) in 2021 to $345,518 ($0.07 per share) in this year’s third quarter. Net sales for the quarter decreased from $3,179,746 to $2,417,022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101295/000117184322007268/0001171843-22-007268-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.