Universal Security Instruments, Inc. (A:UUU)
Business Focus: Communications & Networking
| Sector: Technology | Industry: Communications & Networking |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 11407 CRONHILL DRIVE, SUITES A-D OWINGS MILLS MD 21117-3586 |
| Tel: | N/A |
| Website: | https://www.universalsecurity.com |
| IR: | See website |
| Key People | ||
| Harvey B. Grossblatt President, Chief Executive Officer, Director | James B. Huff Chief Financial Officer, Treasurer, Secretary | |
| Business Overview |
| Universal Security Instruments, Inc. designs and markets a variety of safety and security products consisting primarily of smoke alarms, carbon monoxide alarms and related products. The Company sells its products through retail stores and also markets to the electrical distribution trade through its subsidiary, USI Electric, Inc. (USI Electric). The electrical distribution trade includes electrical and lighting distributors, as well as manufactured housing companies. It markets a line of residential smoke and carbon monoxide alarms under the trade names UNIVERSAL and USI Electric. The Company's line of safety alarms consists of units powered by replaceable batteries, ten-year sealed batteries or are 120 volts with battery backup. Its replaceable battery products contain different types of batteries with different battery lives and some include alarm silencers. It also markets door chimes, ventilation products, ground fault circuit interrupters (GFCIs), and other electrical devices. |
| Financial Overview |
| For the nine months ended 31 December 2023, Universal Security Instruments, Inc. revenues decreased 7% to $15.1M. Net income decreased 81% to $81K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Selling, general and administrative exp. increase of 8% to $4.1M (expense). |
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