UNIVERSAL SAFETY PRODUCTS, INC. UUU
Universal Safety Products, Inc., ("we" or "the Company") designs and markets a variety of popularly priced safety products which, during the period covered by this Annual Report, consisted primarily of smoke alarms, carbon monoxide alarms and related products. Most of our products require minimal installation and are designed for easy installation by the consumer without professional assistance and are sold through retail stores. We also market products to the electrical distribution trade through our wholly owned subsidiary, Universal Safety Electric, Inc. The electrical distribution trade includes electrical and lighting distributors as well as manufactured housing companies. Products we sell usually require professional installation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8M | $23.6M | $19.5M | $22.2M | $19.5M | $17.5M | $14.8M | $17.6M | $14.9M | $14.1M |
| Cost of revenue | $4.0M | $16.7M | $13.9M | $15.8M | $13.5M | $11.9M | — | — | — | — |
| Gross profit | $803.4K | $6.8M | $5.6M | $6.3M | $6.0M | $5.6M | $3.8M | $5.6M | $4.5M | $4.1M |
| R&D | — | — | — | $402.7K | $438.2K | $471.5K | $691.9K | $502.8K | $653.9K | $682.5K |
| SG&A | $5.2M | $6.0M | $5.7M | $5.0M | $5.5M | $5.0M | $4.6M | $4.9M | $4.6M | $4.4M |
| Operating income | -$4.7M | $402.0K | -$564.8K | $972.6K | $69.7K | $133.8K | -$1.6M | $186.9K | -$726.2K | -$978.1K |
| Interest expense | $345.9K | $262.4K | $155.7K | $237.7K | $147.8K | $86.8K | $409.7K | $485.0K | $213.1K | — |
| Pre-tax income | -$2.1M | $139.7K | -$695.8K | $734.9K | -$78.2K | $268.3K | -$5.8M | -$1.3M | -$2.3M | -$2.1M |
| Income tax | $366.0K | $361.0K | $0 | $14.5K | $0 | $0 | — | $0 | $0 | $0 |
| Net income | -$2.5M | $500.7K | -$695.8K | $720.4K | -$78.2K | $268.3K | -$5.8M | -$1.3M | -$2.3M | -$2.1M |
| EPS, basic | -1.04 | 0.22 | -0.30 | 0.31 | -0.03 | 0.12 | — | — | — | — |
| EPS, diluted | -1.04 | 0.22 | -0.30 | 0.31 | -0.03 | 0.12 | -2.51 | -0.58 | -0.98 | -0.89 |
| Shares, diluted (wtd. avg.) | $2.4M | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.5M | $348.1K | $65.1K | $151.5K | $438.7K | $160.6K | $93.8K | $374.5K | $128.2K | $262.4K |
| Receivables | $317.8K | $589.1K | $897.5K | $414.7K | $993.8K | $653.2K | $109.5K | $365.3K | $418.6K | $170.0K |
| Inventory | — | $3.0M | $4.8M | — | $6.2M | $4.2M | $5.1M | $6.9M | $5.5M | $4.7M |
| Total current assets | $4.5M | $9.8M | $8.1M | $8.0M | $11.0M | $7.3M | $7.8M | $10.4M | $8.8M | $7.7M |
| Property, plant and equipment | — | — | $159.7K | $318.6K | $477.6K | $184.7K | $346.5K | $20.0K | $35.6K | $35.6K |
| Other intangibles | — | — | $31.3K | $35.8K | $40.2K | $44.7K | $49.2K | $53.7K | $58.1K | $62.6K |
| Total assets | $4.5M | $9.8M | $8.3M | $8.4M | $11.5M | $7.5M | $8.2M | $18.9M | $18.9M | $18.4M |
| Accounts payable | — | — | — | — | $1.6M | $509.6K | $505.9K | $616.4K | $494.3K | $525.6K |
| Total current liabilities | $1.3M | $4.7M | $3.7M | $2.9M | $6.5M | $1.7M | $2.7M | $8.0M | $6.2M | $4.2M |
| Long-term debt | — | — | — | — | $100.0K | — | — | — | — | — |
| Retained earnings | -$12.5M | -$7.7M | -$8.2M | -$7.6M | -$8.3M | -$8.2M | -$8.5M | -$2.6M | -$1.3M | $963.4K |
| Total equity | $3.2M | $5.2M | $4.7M | $5.4M | $4.6M | $4.7M | $4.4M | $10.9M | $12.8M | $14.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $536.2K | -$1.0M | $604.1K | $1.5M | -$1.9M | $1.4M | $9.2K | $5.9K | $534.9K | -$2.2M |
| Depreciation and amortisation | — | $4.5K | $7.7K | $11.7K | $7.7K | $7.7K | $7.7K | $20.1K | $31.3K | $29.7K |
| Stock-based compensation | $896.7K | — | — | — | — | — | — | — | — | — |
| Investing cash flow | $4.5M | — | — | — | — | — | — | $0 | -$16.1K | $102.6K |
| Financing cash flow | -$1.9M | $1.3M | -$690.5K | -$1.8M | $2.1M | -$1.3M | -$289.9K | $240.4K | -$653.0K | $2.0M |
| Dividends paid | $2.3M | — | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-080359.
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