secwatch.observer — SEC 8-K summary
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Issuer:     UNITED GUARDIAN INC (UG)
CIK:        0000101295
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001171843-22-007268
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101295/000117184322007268/0001171843-22-007268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101295/000117184322007268/f8k_110422.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007268

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer