NEPTUNE WELLNESS SOLUTIONS INC.: Entering into a Final Material Agreement, Unrecorded Sale of Securities, Material Adjustment of Equity of Securities, Other Events, Financial Statements and Expositions (Form 8-K)

Universal Security Instruments reports second quarter results

OWINGS MILLS, Md. 21, 2022 (GLOBE NEWSWIRE) — Common Safety Devices, Inc. (NYSE AMEX: UUU) at this time introduced outcomes for the second quarter and the six months ended September 30, 2022.

For the three months ended September 30, 2022, gross sales elevated 11.1% to $5,857,141 in comparison with gross sales of $5,272,223 for a similar interval final yr. The corporate reported web earnings of $200,602 or $0.09 per primary and diluted share, in comparison with web earnings of $107,696 or $0.05 per primary and diluted share for a similar interval final yr.

For the six months ended September 30, 2022, gross sales elevated 5.6% to $10,492,445 in comparison with $9,940,221 for a similar interval final yr. The corporate reported web earnings of $94,464, or $0.04 per primary and diluted share, in comparison with web earnings of $122,337, or $0.05 per primary and diluted share, for the corresponding interval of 2021.

“The first purpose for the rise in gross sales within the September quarter was the advance in deliveries from China. Our gross margins for the September quarter decreased resulting from will increase in the price of sure electrical parts ensuing from provide chain disruptions. Our web earnings for the September quarter elevated resulting from Itemizing roughly $181,000 of worker retention stability below provisions of the Coronavirus Reduction and Financial Safety Act, which was partially offset by decrease gross margins.

UNIVERSAL SECURITY INSTRUMENTS, INC. is a US-based producer and distributor of security and safety units. Based in 1969, the corporate has greater than 53 years growing revolutionary, easy-to-install merchandise, together with smoke, fireplace, and carbon monoxide alarms. For extra details about Common Safety Devices, go to our web site at www.universalsecurity.com.

Protected Harbor Assertion below the Non-public Securities Litigation Reform Act of 1995: Sure issues mentioned on this press launch might represent forward-looking statements inside the that means of federal securities legal guidelines that by their nature contain sure dangers and uncertainties. Precise outcomes might differ materially from these projected or contemplated within the forward-looking statements resulting from numerous elements, together with, amongst others, forex fluctuations, the impact of present and future legal guidelines and governmental laws affecting us and different elements that could be recognized occasionally in Securities Fee filings. Our monetary, inventory change and different public bulletins. We neither undertake nor particularly disclaim any obligation to replace any forward-looking statements to mirror the incidence of foreseeable or unanticipated occasions or circumstances after the date of such statements. We’ll revise our outlook occasionally and won’t typically disclose such revision publicly.

Contact: Harvey Grossblatt, CEO
Common Safety Devices, Inc.
(410) 363-3000 Ext. 224
or
Zachary Mizner
Lambert and Co.
(315) 529-2348

World Safety Instruments, Inc.
Abridged consolidated earnings statements
(unaudited)

Three months over
September 30,
2022 2021
gross sales $ 5,857,141 $ 5,272,223
web earnings 200602 107,696
Earnings per share:
Fundamental and diluted $ 0.09 $ 0.05
Weighted common variety of widespread shares excellent:
Fundamental and diluted 2,312,887 2,312,887
For the six months ending September 30,
2022 2021
gross sales $ 10,492,445 $ 9,940,221
web earnings 94464 122337
Earnings per share:
Fundamental and diluted $ 0.04 $ 0.05
Weighted common variety of widespread shares excellent:
Fundamental and diluted 2,312,887 2,312,887

Consolidated quick stability statements
(unaudited)

origins
September 30, 2022 September 30, 2021
financial $ 178,878 $ 168,570
Receivables and the quantity due from the employee 5,367,025 3,882,455
barren 5,171,217 4,966,226
Pre-paid account 328188 529,196
Complete present holdings 11,045,308 9,546,447
Property, tools and web intangible belongings 436,142 139,987
Different belongings 4000 4000
Complete belongings $ 11485450 $ 9,690,434
Obligations and shareholder rights
Credit score line – issue $ 2,876,070 $ 2,413,447
Payables – Eyston Firm Ltd. 481440 1,081,440
A brief-term portion of the working lease obligation 147,593 87908
Payable accounts 2,605,544 1,071,670
collected tasks 393,900 197,076
Complete present orders 6,504,547 4,851,541
Long run a part of the working lease duty 248,033
Complete long-term liabilities 248,033
Shareholders’ fairness:
widespread inventory, par worth of $0.01 per share; licensed by 20,000,000 shares; Outgoing and excellent 2,312,887 on September 30, 2022 and 2021 23129 23129
further paid-up capital 12,885,841 12,885,841
collected deficit (8,176,100 ) (8,070,077 )
Complete shareholders’ fairness 4,732,870 4,838,893
Complete liabilities and shareholders’ fairness $ 11485450 $ 9,690,434

Globe Newswire 2022

All information about UNIVERSAL SECURITY INSTRUMENTS, INC.

2022 gross sales 19.5 m

web earnings 2022 -0,08 m

web debt 2022 3,27 m

Worth-to-earnings ratio 2022 -126 instances
Harvest 2022
capitalization 7,22 m
7,22 m
EV/Gross sales 2021 0.95 instances
EV/Gross sales 2022 0.67 instances
nbr of workers 12
free float 84.4%

World Chart Safety Instruments, Inc.

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Technical Evaluation Tendencies UNIVERSAL SECURITY INSTRUMENTS, INC.

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tendencies bearish bearish impartial

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