Universal Security Instruments Announces its Fourth-Quarter and Year-End Results

Three Months Ended March 31, 2024 2023 Net sales $ 4,831,469 $ 5,927,767 Net (loss) income (476,671 ) 284,635 Net (loss) income per share – basic and diluted (0.21 ) 0.12 For the fourth quarter ended March 31, 2024, sales decreased $1,096,298 (18.5%) to $4,831,469 from $5,927,767 from the comparable period last year. The Company reported a net loss of $476,671, or $0.21 per basic and diluted share compared to net income of $284,635, or $0.12 per basic and diluted share for the comparable period of the previ ...