Universal Safety Products | 10-Q: FY2026 Q2 Revenue: USD 760 K

Revenue: As of FY2026 Q2, the actual value is USD 760 K.

EPS: As of FY2026 Q2, the actual value is USD -0.43.

EBIT: As of FY2026 Q2, the actual value is USD -917.67 K.

Segment Revenue

• Sales of Products Acquired from Eyston: For the three months ended September 30, 2025, sales were $568,484, compared to $6,556,544 for the same period in 2024. For the six months ended September 30, 2025, sales were $4,170,877, compared to $10,491,034 in 2024.
• Sales of GFCI’s and Ventilation Fans: For the three months ended September 30, 2025, sales were $191,515, compared to $646,725 for the same period in 2024. For the six months ended September 30, 2025, sales were $413,369, compared to $1,310,751 in 2024.

Operational Metrics

• Net Income: For the three months ended September 30, 2025, the company reported a net loss of $999,780, compared to a net income of $576,978 for the same period in 2024. For the six months ended September 30, 2025, net income was $810,541, compared to $134,772 in 2024.
• Gross Profit Margin: The gross profit margin for the three months ended September 30, 2025, was 60.4%, compared to 27.7% in 2024. For the six months ended September 30, 2025, the gross profit margin was 25.2%, compared to 26.1% in 2024.
• Operating Loss: For the three months ended September 30, 2025, the operating loss was $928,727, compared to an operating income of $678,220 in 2024. For the six months ended September 30, 2025, the operating loss was $1,459,902, compared to an operating income of $280,902 in 2024.

Cash Flow

• Operating Cash Flow: For the six months ended September 30, 2025, operating activities provided cash of $3,940,773, compared to cash used of $3,278,163 in 2024.
• Investing Activities: Provided cash of $2,820,668 for the six months ended September 30, 2025, primarily from the sale of assets.
• Financing Activities: Used cash of $1,883,890 during the six months ended September 30, 2025, primarily due to net repayments to the factor and a special dividend payment.

Future Outlook and Strategy

• Core Business Focus: The company intends to continue importing and marketing product lines other than smoke alarms and carbon monoxide alarms, exploring other business opportunities to drive long-term value for shareholders.
• Non-Core Business: The company completed the sale of its smoke and carbon monoxide alarm business to Feit Electric Company, Inc., and is focusing on leveraging the proceeds to explore new growth opportunities.