UNIVERSAL SECURITY INSTRUMENTS INC (UUU) [Rocket]

Overview

UNIVERSAL SECURITY INSTRUMENTS INC (UUU)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/21/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/11/2023	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:
07/20/2023	DEFA14A	Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material:
07/20/2023	DEF 14A	Form DEF 14A - Other definitive proxy statements:
07/14/2023	10-K	Annual Report for the period ended March 31, 2023
06/28/2023	NT 10-K	Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405:
04/05/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and...

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Mar-31-23	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16
Revenues	22.2	19.5	17.5	14.8	17.6	14.9	14.1	13.7
Revenue growth	13.4%	11.6%	18.4%	-15.8%	18.3%	5.6%	2.5%	38.9%
Cost of goods sold	15.8	13.5	11.9	11.0	12.0	10.3	9.9	10.0
Gross profit	6.3	6.0	5.6	3.8	5.6	4.5	4.1	3.8
Gross margin	28.6%	30.9%	32.2%	25.4%	31.6%	30.6%	29.5%	27.5%
Selling, general and administrative	5.0	5.5	5.0	4.6	4.9	4.6	4.4	4.5
Research and development	0.4	0.4	0.5	0.7	0.5	0.7	0.7	0.7
EBITA	1.0	0.1	0.1	-5.4	-0.9	-2.0	-2.0	-2.1
EBITA margin	4.4%	0.4%	0.8%	-36.5%	-4.9%	-13.7%	-14.1%	-15.3%
Amortization of intangibles	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIT	1.0	0.1	0.1	-5.4	-0.9	-2.0	-2.0	-2.1
EBIT margin	4.4%	0.4%	0.8%	-36.5%	-4.9%	-13.8%	-14.2%	-15.3%
Pre-tax income	0.7	-0.1	0.3	-5.8	-1.3	-2.3	-2.1	-2.1
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	2.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	0.7	-0.1	0.3	-5.8	-1.3	-2.3	-2.1	-2.1
Net margin	3.2%	-0.4%	1.5%	-39.3%	-7.7%	-15.2%	-14.6%	-15.6%

Diluted EPS	$0.31	($0.03)	$0.12	($2.51)	($0.58)	($0.98)	($0.89)	($0.92)
Shares outstanding (diluted)	2.3	2.3	2.3	2.3	2.3	2.3	2.3	2.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.