HomeTop MoversHere is why Universal Security Instruments Inc. (UUU) stock popup in the...

Here is why Universal Security Instruments Inc. (UUU) stock popup in the after-hours on Thursday?

Universal Security Instruments Inc. (UUU) shares soared 9.56% in after-hours on Thursday, August 19, 2021, and closed the daily trading at $5.96 per share. In the regular trading session of Thursday, UUU’s stock lost 2.32%. UUU shares have risen 181.03% over the last 12 months, and they have moved down 5.68% in the past week. Over the past three months, the stock has lost 6.64%, while over the past six months, it has declined 40.69%. The company has a current market of $13.21 million and its outstanding shares stood at 2.31 million.

Let’s see what are the latest news and developments about the company?


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UUU recent financial results announcement

On August 19, 2021, Universal Security Instruments, Inc. (UUU) announced results for its fiscal quarter ended June 30, 2021.

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Q1 2021 financial highlights

UUU sales were $4,667,998 for Q1 2021 compared to $2,940,768 in Q1 2020.

It reported a net income of $14,641, or $0.01 per basic and diluted share in Q1 2021 compared to a net loss of $78,982, or $(0.03) per basic and diluted share in Q1 2020.

UUU Q4 & FY 2020 financial results announcement

On July 8, 2021, Universal Security Instruments, Inc released its financial results for the fourth quarter and its fiscal year ended March 31, 2021.

Q4 2020 financial highlights

  • The company’s sales were 2,997,338in Q4 2020 compared to $3,613,786 in Q4 2019.
  • It suffered a net loss of $456,838, or $0.19per basic and diluted share in Q4 2020 compared to a net loss of $3,492,290, or $1.51 per basic and diluted share for Q4 2019.

UUU FY2020 financial results

  • In FY 2020, sales were $17,520,151compared to $14,803,024 for the fiscal year ended March 31, 2020.
  • Net income was $268,343, or $0.12per basic and diluted share in FY 2020, compared to a net loss of $5,813,891 or $2.51 per basic and diluted share, for FY 2019.

 Conclusion

The recent financial results announcement was the reason behind its gains in the after-hours on Thursday and it can continue its positive performance in the next trading session.

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 About UUU

USI (Universal Security Instruments, Inc.) was founded in 1969 and makes the most innovative home protection solutions available today. The UUU is one of the largest manufacturers of smoke and carbon monoxide alarms in the world. The company has 11 patents on detection technologies, based on its proprietary research into the science of fire and fire detection. The company products are approved in more than 30 countries and also its production facilities are ISO9001 certified.

The company’s other products are home protection devices, bathroom fan products, GFCI, and USB wiring devices.

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