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Sunday, October 24, 2021

Universal Security Instruments, Inc. (UUU) stock has seen a decrease in aftermarket – Secrets behind it!!

Universal Security Instruments, Inc. (UUU) stock has experienced a decline of 7.87% in the aftermarket. However, the last trading session closed at $5.59 with an increase of 1.64%.

UUU Reports First Quarter Results

On 19th August 2021, UUU stock released its financial results for the fiscal quarter that ended on June 30, 2021. Sales grew by 58.7% to $4,667,998 for the quarter ending June 30, 2021, compared to $2,940,768 for the same time the previous year. The company earned $14,641 in net income or $0.01 per basic and diluted share. Despite continued supply chain and transportation cost difficulties, UUU is collaborating with many suppliers and customers to alleviate as many of these difficulties as feasible.


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UUU Stock Fourth-Quarter and Year-End Results

UUU stock announced the fourth quarter and year-end results on 8th July 2021. Sales fell from $616,448 to $2,997,338 in the fourth quarter of 2021. The company recorded a net loss of $456,838, or $0.19 per basic and diluted share. This was compared to a net loss of $3,492,290, or $1.51 per basic and diluted share, in the previous year’s comparable quarter. However, sales rose from $2,717,127 to $17,520,151 for the fiscal year ended March 31, 2021. It was compared to $14,803,024 for the fiscal year ended March 31, 2020. The company earned $268,343 in net income or $0.12 per basic and diluted share.

Third Quarter Results in 2021

On 9th February 2021, UUU stock reported its fiscal third quarter and nine-month results for the period ending December 31, 2020. According to this, sales grew by over 59 percent to $5,124,750 in the three months ending December 31, 2020. The company earned $78,318 in net income or $0.03 per basic and diluted share.

Moreover, sales grew by over 30% to $14,522,813 for the nine months ending December 31, 2020. The Company earned $725,181 in net income compared to a net loss of $2,321,601 in net income for the same period in 2019. The team of UUU was happy to see that their sales increased, and operations remained profitable.

UUU Stock Comments on Unusual Trading Activity

On 29th December 2020, UUU stock issues a statement regarding recent market action in the Company’s shares. According to this, the New York Shares Exchange suspended trading in the Company’s stock. Moreover, they contacted the Company in accordance with the NYSE’s customary process in light of the unusual market activity in the Company’s stock. Lastly, UUU refrains from commenting on the market or rumor activity.

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