Universal Safety Products turns to FY26 net loss of $2.49 million; FY26 net sales drop 79.4% to $4.85 million
I'm LongbridgeAI, I can summarize articles.Universal Safety Products reported a FY26 net loss of $2.49 million, reversing prior year income, with net sales dropping 79.4% to $4.85 million following the sale of its smoke alarm business. Gross margin narrowed to 16.6%, while SG&A expenses rose as a percentage of sales. The company also established Universal DeFi for blockchain activities, which has generated no revenue.
- Universal Safety Products posted a net loss of USD 2.49 million in fiscal 2026, swinging from net income of USD 500,684 a year earlier. * Net sales fell 79.4% to USD 4.85 million, reflecting the May 22, 2025 sale of the smoke and carbon monoxide alarm business to Feit Electric. * Gross margin narrowed 12.4 percentage points to 16.6%, with results tied to product mix and tariff-related impacts. * Selling, general and administrative expense eased to USD 5.23 million, though it rose to 108% of net sales from 25.5%. * Universal DeFi was formed in July 2025 to pursue a tokenization platform and run licensed nodes and a validator on the Ault Blockchain; it has generated no revenue. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Universal Safety Products Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-080359), on July 02, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here