---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001744"
form_type: "8-K"
ticker: "UG"
cik: "0000101295"
company_name: "UNITED GUARDIAN INC"
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:25:39.209952+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United-Guardian FY 2022 net income drops 45% to $2.57M; EPS $0.56 vs $1.01

## Summary
- Net sales fell 9% to $12.7M from $13.9M; cosmetic ingredient revenue declined, securities portfolio losses increased.
- Net income $2,569,512 ($0.56 diluted EPS) vs $4,658,542 ($1.01) in prior year, a 45% decrease.
- Downside blamed on contract manufacturer overstocking in 2021 and China's zero-COVID policy reducing Asian demand.
- Pharmaceutical and medical lubricants business remained strong in 2022; company focused on hydrogel innovation.
- No forward guidance or dividend changes announced in the release.

## SEC filing metadata
- accession: 0001171843-23-001744
- form_type: 8-K
- ticker: UG
- cik: 0000101295
- company_name: UNITED GUARDIAN INC
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101295/000117184323001744/0001171843-23-001744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101295/000117184323001744/f8k_031723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001744
- JSON: https://secwatch.observer/filing/0001171843-23-001744.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001744.txt

## Key facts
- Earnings Releases
  UNITED GUARDIAN INC reported FY 2022 results: revenue $12,698,503, net income $2,569,512 ($0.56 per share), EPS $0.56 per share.
  - Period: FY 2022
  - Revenue: $12,698,503
  - Net income: $2,569,512 ($0.56 per share)
  - EPS: $0.56 per share
  - Result: reported results
  source text: Net sales for the year decreased by 9% from $13,929,629 in 2021 to $12,698,503 in 2022, generating net income of $2,569,512 ($0.56 per share) in 2022 compared to $4,658,542 ($1.01 per share) in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101295/000117184323001744/0001171843-23-001744-index.htm

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