United-Guardian Q1 2024 sales up 27% to $3.25M; net income $0.20 per share

UNITED GUARDIAN INC

Q1 2024 sales $3.25M, up 27% YoY; net income $925K ($0.20 EPS), up from $756K ($0.16 EPS) in Q1 2023.
Cosmetic ingredients sales surged 146% driven by increased purchases from largest distributor ASI.
Pharmaceutical sales fell 30% due to Renacidin production halt at contract manufacturer; production resumed late March.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNITED GUARDIAN INC reported first quarter of 2024 results: revenue $3,254,944, net income $925,442, EPS $0.20 per share.

Period: first quarter of 2024
Revenue: $3,254,944
Net income: $925,442
EPS: $0.20 per share
Result: reported results

Exact text from the filing

United-Guardian Reports Increased First Quarter Sales & Earnings HAUPPAUGE, N.Y., May 10, 2024 (GLOBE NEWSWIRE) -- United-Guardian, Inc. (NASDAQ:UG) announced today the financial results for the first quarter of 2024. First quarter sales increased from $2,570,324 in 2023 to $3,254,944 in 2024, with net income increasing from $756,081 ($0.16 per share) to $925,442 ($0.20 per share).

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Source: SEC EDGAR

accession 0001171843-24-002760

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