Universal Safety Products, Inc. (formerly Universal Security Instruments, Inc.) Announces its Fourth-Quarter and Year-End Results
Universal Safety Products (NYSE American: UUU) reported significant financial improvements for Q4 and fiscal year 2025. Q4 sales increased 40.0% to $6.23 million, with net income of $1.30 million ($0.56 per share) compared to a loss in the previous year. For FY2025, sales grew 20.7% to $23.56 million, with net income of $500,684 ($0.22 per share).
The company announced the sale of its smoke and carbon monoxide alarm business to Feit Electric Company on May 22, 2025. While continuing to market other product lines imported from China, performance remains dependent on tariff impacts. The improved financial results were primarily driven by increased retail customer sales and tax benefits from asset sale gains.
The company has also regained compliance with NYSE American LLC listing standards by filing its Annual Report on Form 10-K.Universal Safety Products (NYSE American: UUU) ha riportato notevoli miglioramenti finanziari nel quarto trimestre e nell'anno fiscale 2025. Le vendite del quarto trimestre sono aumentate del 40,0% raggiungendo 6,23 milioni di dollari, con un utile netto di 1,30 milioni di dollari (0,56 dollari per azione) rispetto a una perdita nell'anno precedente. Per l'anno fiscale 2025, le vendite sono cresciute del 20,7% arrivando a 23,56 milioni di dollari, con un utile netto di 500.684 dollari (0,22 dollari per azione).
L'azienda ha annunciato la vendita della sua divisione di allarmi per fumo e monossido di carbonio a Feit Electric Company il 22 maggio 2025. Pur continuando a commercializzare altre linee di prodotti importati dalla Cina, le performance restano influenzate dagli impatti tariffari. I risultati finanziari migliorati sono stati principalmente guidati dall鈥檃umento delle vendite al dettaglio e dai benefici fiscali derivanti dalle plusvalenze della vendita di asset.
La societ脿 ha inoltre riconquistato la conformit脿 agli standard di quotazione di NYSE American LLC presentando il suo rapporto annuale sul modulo 10-K.
Universal Safety Products (NYSE American: UUU) report贸 mejoras financieras significativas en el cuarto trimestre y el a帽o fiscal 2025. Las ventas del cuarto trimestre aumentaron un 40,0% hasta 6,23 millones de d贸lares, con un ingreso neto de 1,30 millones de d贸lares (0,56 d贸lares por acci贸n) en comparaci贸n con una p茅rdida el a帽o anterior. Para el a帽o fiscal 2025, las ventas crecieron un 20,7% hasta 23,56 millones de d贸lares, con un ingreso neto de 500.684 d贸lares (0,22 d贸lares por acci贸n).
La empresa anunci贸 la venta de su negocio de alarmas de humo y mon贸xido de carbono a Feit Electric Company el 22 de mayo de 2025. Aunque contin煤a comercializando otras l铆neas de productos importados desde China, el desempe帽o sigue dependiendo del impacto de los aranceles. Los resultados financieros mejorados se debieron principalmente al aumento en las ventas minoristas y a los beneficios fiscales derivados de las ganancias por la venta de activos.
La compa帽铆a tambi茅n ha recuperado el cumplimiento con los est谩ndares de cotizaci贸n de NYSE American LLC al presentar su Informe Anual en el Formulario 10-K.
Universal Safety Products (NYSE American: UUU)電� 2025 須岅硠鞐半弰 4攵勱赴 氚� 鞐瓣皠 鞁れ爜鞐愳劀 韥� 鞛 臧滌劆鞚� 氤搓碃頄堨姷雼堧嫟. 4攵勱赴 毵れ稖鞚� 40.0% 歃濌皜頃橃棳 623毵� 雼煬毳� 旮半頄堨溂氅�, 靾滌澊鞚奠潃 130毵� 雼煬(欤茧嫻 0.56雼煬)搿� 鞝勲厔霃勳潣 靻愳嫟鞐愳劀 頋戩瀽搿� 鞝勴櫂霅橃棃鞀惦媹雼�. 2025 須岅硠鞐半弰 鞝勳泊 毵れ稖鞚� 20.7% 歃濌皜頃橃棳 2,356毵� 雼煬毳� 旮半頄堦碃, 靾滌澊鞚奠潃 50毵� 684雼煬(欤茧嫻 0.22雼煬)鞓赌鞀惦媹雼�.
須岇偓電� 2025雲� 5鞗� 22鞚检棎 鞐瓣赴 氚� 鞚检偘頇旐儎靻� 瓴诫炒旮� 靷梾鞚� Feit Electric Company鞐� 毵り皝頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 欷戧淡鞐愳劀 靾橃瀰頃� 雼るジ 鞝滍拡 霛检澑鞚� 毵堨紑韺呾潃 瓿勳啀頃橃毵�, 鞁れ爜鞚� 甏�靹� 鞓來枼鞐� 霐半澕 雼澕歆戨媹雼�. 鞛 鞁れ爜 臧滌劆鞚� 欤茧 靻岆Г 瓿犼皾 毵れ稖 歃濌皜鞕� 鞛愳偘 毵り皝 鞚挫澋鞐� 霐半ジ 靹胳牅 順滍儩鞐� 旮办澑頃╇媹雼�.
霕愴暅, 須岇偓電� 鞐半 氤搓碃靹�(Form 10-K)毳� 鞝滌稖頃橃棳 NYSE American LLC 靸侅灔 旮办 欷�靾橂ゼ 須岆车頄堨姷雼堧嫟.
Universal Safety Products (NYSE American : UUU) a annonc茅 des am茅liorations financi猫res significatives pour le quatri猫me trimestre et l'exercice 2025. Les ventes du quatri猫me trimestre ont augment茅 de 40,0 % pour atteindre 6,23 millions de dollars, avec un b茅n茅fice net de 1,30 million de dollars (0,56 dollar par action) contre une perte l'ann茅e pr茅c茅dente. Pour l'exercice 2025, les ventes ont progress茅 de 20,7 % pour atteindre 23,56 millions de dollars, avec un b茅n茅fice net de 500 684 dollars (0,22 dollar par action).
L'entreprise a annonc茅 la vente de sa division d'alarmes de fum茅e et de monoxyde de carbone 脿 Feit Electric Company le 22 mai 2025. Tout en continuant 脿 commercialiser d'autres gammes de produits import茅s de Chine, les performances restent d茅pendantes des impacts des tarifs douaniers. Les r茅sultats financiers am茅lior茅s ont 茅t茅 principalement stimul茅s par l'augmentation des ventes aux clients de d茅tail et les avantages fiscaux li茅s aux gains de la vente d'actifs.
L'entreprise a 茅galement retrouv茅 sa conformit茅 avec les normes de cotation de NYSE American LLC en d茅posant son rapport annuel sur le formulaire 10-K.
Universal Safety Products (NYSE American: UUU) meldete bedeutende finanzielle Verbesserungen f眉r das vierte Quartal und das Gesch盲ftsjahr 2025. Der Umsatz im vierten Quartal stieg um 40,0 % auf 6,23 Millionen US-Dollar, mit einem Nettogewinn von 1,30 Millionen US-Dollar (0,56 US-Dollar je Aktie) im Vergleich zu einem Verlust im Vorjahr. F眉r das Gesch盲ftsjahr 2025 wuchsen die Ums盲tze um 20,7 % auf 23,56 Millionen US-Dollar, mit einem Nettogewinn von 500.684 US-Dollar (0,22 US-Dollar je Aktie).
Das Unternehmen k眉ndigte am 22. Mai 2025 den Verkauf seines Gesch盲fts mit Rauch- und Kohlenmonoxidmeldern an Feit Electric Company an. W盲hrend weiterhin andere Produktlinien aus China importiert und vermarktet werden, bleibt die Performance von den Auswirkungen der Z枚lle abh盲ngig. Die verbesserten Finanzergebnisse wurden haupts盲chlich durch gestiegene Einzelhandelskundenverk盲ufe und Steuervorteile aus Gewinnen aus dem Verkauf von Verm枚genswerten angetrieben.
Das Unternehmen hat zudem die Einhaltung der NYSE American LLC-Listing-Standards wiederhergestellt, indem es seinen Jahresbericht auf Formular 10-K eingereicht hat.
- Q4 sales increased 40.0% year-over-year to $6.23 million
- Q4 net income of $1.30 million versus previous year's loss
- Annual sales growth of 20.7% to $23.56 million
- Successful transition from net loss to profit in FY2025
- Regained NYSE American LLC listing compliance
- Cash position improved to $348,074 from $65,081 year-over-year
- Heavy dependence on Chinese imports subject to tariff risks
- Divestment of core smoke and carbon monoxide alarm business
- Increased line of credit usage to $2.10 million from $768,853
- Uncertainty around future business direction post-divestment
Insights
UUU reports impressive turnaround with 40% Q4 sales growth and return to profitability after selling core alarm business to Feit Electric.
Universal Safety Products has executed a significant financial turnaround, with Q4 sales jumping
This performance improvement stems primarily from increased sales to retail customers. However, the company's business model is undergoing a substantial transformation. In May 2025, UUU sold its core smoke and carbon monoxide alarm business to Feit Electric Company, which represents a strategic pivot. The company plans to continue marketing its remaining product lines, though with significant exposure to potential tariff risks as all products are imported from China.
The balance sheet shows mixed signals - cash improved from
The turnaround's sustainability remains questionable given the business sale and the management's statement about "exploring other business opportunities" suggesting uncertainty about the company's future direction. The profitability was also partially boosted by a one-time tax benefit from reversing deferred tax asset reserves related to the asset sale. With tariff dependencies and a major business segment divestiture, investors should recognize that despite improved numbers, the company faces significant strategic uncertainty ahead.
OWINGS MILLS, Md., July 28, 2025 (GLOBE NEWSWIRE) -- Universal Safety Products, Inc. (formerly Universal Security Instruments, Inc.) (NYSE American LLC: UUU) today announced its financial results for the fourth quarter and its fiscal year ended March 31, 2025.
The Company reported:
- For the fourth quarter ended March 31, 2025, sales increased
$1,780,152 (40.0% ) to$6,226,621 from$4,446,469 from the comparable period last year. The Company reported net income of$1,302,551 , or$0.56 per basic and diluted share compared to a net loss of$776,671 , or$0.34 per basic and diluted share for the comparable period of the previous year. - For the twelve months ended March 31, 2025, sales increased
$4,045,881 (20.7% ) to$23,563,554 versus$19,517,673 for the fiscal year ended March 31, 2024. The Company reported net income of$500,684 , or$0.22 per basic and diluted share, versus a net loss of$695,790 or$0.30 per basic and diluted share, for the same period last year.
As previously reported, on May 22, 2025, the Company closed on the sale of its smoke alarm and carbon monoxide alarm business and certain other assets to Feit Electric Company. The Company intends to continue marketing its product lines other than smoke alarms and carbon monoxide alarms. However, all of the Company鈥檚 products are imported from the People鈥檚 Republic of China. The Company鈥檚 ability to sell those products at competitive prices depends, among other things, on the tariffs to which imports of those products will be subject. The Company is also exploring other business opportunities to drive long-term value for shareholders.
The increase in net income for the fiscal year ended March 31, 2025, is attributed primarily to an increase in sales to retail customers, and to recording an income tax benefit associated with the reversal of a portion of the reserve for deferred tax assets arising from the gain on the sale of assets. In addition, certain revisions increasing the net loss in the prior year have been recorded.
The Company also announced that today it has filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, with the Securities and Exchange Commission, thereby curing the Company鈥檚 previously announced non-compliance with the continued listing standards of NYSE American LLC.
UNIVERSAL SAFETY PRODUCTS, INC. (formerly Universal Security Instruments, Inc.) is a distributor of safety and security devices. Founded in 1969, the Company has an over 56-year heritage of developing innovative and easy-to-install products.听
Contact: Harvey Grossblatt, CEO
Universal Security Instruments, Inc.
(410) 363-3000, Ext. 224
or
Kincade Ayers
Lambert by LLYC
(616) 258-5794
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"Safe Harbor鈥� Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties.听 Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, currency fluctuations, the impact of current and future laws and governmental regulations, and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements.听 We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements.听 We will revise our outlook from time to time and frequently will not disclose such revisions publicly.
| 听 | |||||||
| UNIVERSAL SAFETY PRODUCTS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||
| 听 | |||||||
| 听 | (UNAUDITED) | ||||||
| 听 | Three Months Ended March 31, | ||||||
| 听 | 2025 | 听 | 2024 | ||||
| Net sales | $ | 6,226,621 | 听 | 听 | $ | 4,446,469 | 听 |
| Net income (loss) | 听 | 1,302,551 | 听 | 听 | 听 | (776,761 | ) |
| Net income (loss) per share 鈥� basic and diluted | 听 | 0.56 | 听 | 听 | 听 | (0.34 | ) |
| 听 | 听 | 听 | |||||
| Weighted average number of common shares outstanding | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Basic and diluted | 听 | 2,312,887 | 听 | 听 | 听 | 2,312,887 | 听 |
| 听 | Fiscal Year Ended March 31, | ||||||
| 听 | 2025 | 听 | 2024 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net sales | $ | 23,563,554 | 听 | 听 | $ | 19,517,673 | 听 |
| Net income (loss) | 听 | 500,684 | 听 | 听 | 听 | (695,790 | ) |
| Net income (loss) per share 鈥� basic and diluted | 听 | 0.22 | 听 | 听 | 听 | (0.30 | ) |
| 听 | 听 | 听 | |||||
| Weighted average number of common shares outstanding | 听 | 听 | |||||
| Basic and diluted | 听 | 2,312,887 | 听 | 听 | 听 | 2,312,887 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| 听 | 听 | 听 | ||||||
| ASSETS | 听 | |||||||
| 听 | 听 | March 31, | ||||||
| 听 | 听 | 2025 | 听 | 2024 | ||||
| Cash | 听 | $ | 348,074 | 听 | 听 | $ | 65,081 | 听 |
| Accounts receivable and amount due from factor | 听 | 听 | 4,255,864 | 听 | 听 | 听 | 3,100,154 | 听 |
| Inventory | 听 | 听 | 3,024,114 | 听 | 听 | 听 | 4,751,826 | 听 |
| Assets held for sale | 听 | 听 | 1,681,937 | 听 | 听 | 听 | - | 听 |
| Deferred tax asset | 听 | 听 | 361,000 | 听 | 听 | 听 | - | 听 |
| Prepaid expenses | 听 | 听 | 145,290 | 听 | 听 | 听 | 226,732 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| TOTAL CURRENT ASSETS | 听 | 听 | 9,816,279 | 听 | 听 | 听 | 8,143,793 | 听 |
| 听 | 听 | 听 | 听 | |||||
| 听 | 听 | 听 | 听 | |||||
| PROPERTY AND EQUIPMENT AND RIGHT OF USE ASSET 鈥� NET | 听 | 听 | - | 听 | 听 | 听 | 190,957 | 听 |
| 听 | 听 | 听 | 听 | |||||
| TOTAL ASSETS | 听 | $ | 9,816,279 | 听 | 听 | $ | 8,344,750 | 听 |
| 听 | 听 | 听 | 听 | |||||
| LIABILITIES AND SHAREHOLDERS鈥� EQUITY | 听 | 听 | ||||||
| 听 | 听 | 听 | 听 | |||||
| Line of credit - factor | 听 | $ | 2,100,458 | 听 | 听 | $ | 768,853 | 听 |
| Short-term portion of operating lease liability | 听 | 听 | 13,330 | 听 | 听 | 听 | 158,742 | 听 |
| Accounts payable 鈥� Trade | 听 | 听 | 1,094,546 | 听 | 听 | 听 | 2,371,492 | 听 |
| Accounts payable 鈥� Held for sale | 听 | 听 | 1,145,843 | 听 | 听 | 听 | - | 听 |
| Accrued liabilities | 听 | 听 | 298,391 | 听 | 听 | 听 | 359,306 | 听 |
| TOTAL CURRENT LIABILITIES | 听 | 听 | 4,652,568 | 听 | 听 | 听 | 3,658,393 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| LONG-TERM PORTION OF OPERATING LEASE LIABILITY | 听 | 听 | - | 听 | 听 | 听 | 13,330 | 听 |
| TOTAL LONG-TERM LIABILITIES | 听 | 听 | - | 听 | 听 | 听 | 13,330 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| COMMITMENTS AND CONTINGENCIES | 听 | 听 | - | 听 | 听 | 听 | - | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| SHAREHOLDERS鈥� EQUITY | 听 | 听 | 听 | |||||
| Common stock, $.01 par value per share; 20,000,000 authorized, 2,312,887 shares issued and outstanding at March 31, 2025 and 2024 | 听 | 听 | 23,129 | 听 | 听 | 听 | 23,129 | 听 |
| Additional paid-in capital | 听 | 听 | 12,885,841 | 听 | 听 | 听 | 12,885,841 | 听 |
| (Accumulated Deficit) | 听 | 听 | (7,745,259 | ) | 听 | 听 | (8,245,943 | ) |
| 听 | 听 | 听 | 听 | |||||
| TOTAL SHAREHOLDERS鈥� EQUITY | 听 | 听 | 5,163,711 | 听 | 听 | 听 | 4,663,027 | 听 |
| TOTAL LIABILITIES AND SHAREHOLDERS鈥� EQUITY | 听 | $ | 9,816,279 | 听 | 听 | $ | 8,334,750 | 听 |
FAQ
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