---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-005250"
form_type: "8-K"
ticker: "UG"
cik: "0000101295"
company_name: "UNITED GUARDIAN INC"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T13:44:57.106262+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# United-Guardian Q2 sales drop 27% YoY; net income falls to $0.10 per share

## Summary
- Q2 2023 sales $2.65M vs $3.63M in Q2 2022; net income $461K ($0.10/sh) vs $633K ($0.14/sh).
- Six-month 2023 sales $5.22M vs $7.52M in prior year; net income $1.22M ($0.26/sh) vs $1.54M ($0.34/sh).
- Decline driven by lower cosmetic ingredient sales (Lubrajel) in China due to competition and slow post-COVID recovery.
- Pharmaceutical product Renacidin sales increased 7%, partially offsetting cosmetic decline.
- Management evaluating strategies to boost sales in China and other markets.

## SEC filing metadata
- accession: 0001171843-23-005250
- form_type: 8-K
- ticker: UG
- cik: 0000101295
- company_name: UNITED GUARDIAN INC
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101295/000117184323005250/0001171843-23-005250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101295/000117184323005250/f8k_080823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005250
- JSON: https://secwatch.observer/filing/0001171843-23-005250.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005250.txt

## Key facts
- Earnings Releases
  UNITED GUARDIAN INC reported the second quarter and first half of 2023 results: revenue $2,650,299, net income $461,094 ($0.10 per share), EPS $0.10 per share.
  - Period: the second quarter and first half of 2023
  - Revenue: $2,650,299
  - Net income: $461,094 ($0.10 per share)
  - EPS: $0.10 per share
  - Result: reported results
  source text: in 2022 to $5,220,623 in 2023. Net income decreased from $1,544,789 ($0.34 per share) to $1,217,175 ($0.26 per share). Second quarter sales decreased from $3,626,177 to $2,650,299, with net income decreasing from $633,324 ($0.14 per share) to $461,094 ($0.10 per share). Donna Vigilante, President of United-Guardian, stated, “The sales decrease for both the
  evidence_url: https://www.sec.gov/Archives/edgar/data/101295/000117184323005250/0001171843-23-005250-index.htm

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