UNIVERSAL SAFETY PRODUCTS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8M | $23.6M | $19.5M | $22.2M | $19.5M | $17.5M | $14.8M | $17.6M |
| 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 |
| Gross Margin | 16.6% | 29.0% | 28.7% | 28.6% | 30.9% | 32.2% | 25.4% | 31.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | $402.7K | $438.2K | $471.5K | $691.9K | $502.8K |
| SG&A Expense | $5.2M | $6.0M | $5.7M | $5.0M | $5.5M | $5.0M | $4.6M | $4.9M |
| Operating Income | $-4.7M | $402.0K | $-564.8K | $972.6K | $69.7K | $133.8K | $-1.6M | $186.9K |
| Operating Margin | -96.0% | 1.7% | -2.9% | 4.4% | 0.4% | 0.8% | -10.6% | 1.1% |
| Interest Expense | $345.9K | $262.4K | $155.7K | $237.7K | $147.8K | $86.8K | $409.7K | $485.0K |
| Pretax Income | $-2.1M | $139.7K | $-695.8K | $734.9K | $-78.2K | $268.3K | $-5.8M | $-1.3M |
| Income Tax Expense | $366.0K | $-361.0K | $0 | $14.5K | $0 | $0 | — | $0 |
| Net Income | $-2.5M | $500.7K | $-695.8K | $720.4K | $-78.2K | $268.3K | $-5.8M | $-1.3M |
| Net Margin | -51.3% | 2.1% | -3.6% | 3.2% | -0.4% | 1.5% | -39.3% | -7.7% |
| EPS (Basic) | $-1.04 | $0.22 | $-0.30 | $0.31 | $-0.03 | $0.12 | $-2.51 | $-0.58 |
| EPS (Diluted) | $-1.04 | $0.22 | $-0.30 | $0.31 | $-0.03 | $0.12 | $-2.51 | $-0.58 |
| Shares Outstanding (Basic) | 2.4M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M |
| Shares Outstanding (Diluted) | 2.4M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M | 2.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |