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Last $5.20 USD
Change Today -0.0899 / -1.70%
Volume 2.4K
UUU On Other Exchanges
Symbol
Exchange
NYSE Amex
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

universal security instrumnt (UUU) Snapshot

Open
$5.10
Previous Close
$5.29
Day High
$5.26
Day Low
$5.10
52 Week High
07/9/15 - $6.88
52 Week Low
09/18/14 - $3.83
Market Cap
12.0M
Average Volume 10 Days
3.2K
EPS TTM
$-1.48
Shares Outstanding
2.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for UNIVERSAL SECURITY INSTRUMNT (UUU)

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universal security instrumnt (UUU) Details

Universal Security Instruments, Inc. designs, markets, and distributes safety and security products in the United States and internationally. It offers a line of smoke alarms, such as battery powered, electrical, and electrical with battery backup alarms, as well as hearing impaired and heat alarms; and carbon monoxide alarms, door chimes, and ventilation products under the UNIVERSAL and USI Electric trade names. Universal Security Instruments, Inc. offers its products to wholesale distributors; chain, discount, and television retailers; home center stores; catalog and mail order companies and other distributors; and electrical and lighting distributors, and manufactured housing companies. The company also markets its products through its own sales catalogs and brochures, and Website. Universal Security Instruments, Inc. was founded in 1969 and is based in Owings Mills, Maryland.

15 Employees
Last Reported Date: 08/25/15
Founded in 1969

universal security instrumnt (UUU) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $354.0K
Chief Financial Officer, Treasurer and Secret...
Total Annual Compensation: $114.6K
President of USI Electric, Inc
Total Annual Compensation: $235.8K
Director of Strategic Planning
Total Annual Compensation: $160.0K
Sales Manager
Total Annual Compensation: $120.0K
Compensation as of Fiscal Year 2015.

universal security instrumnt (UUU) Key Developments

Universal Security Instruments, Inc. Announces Notice Of Noncompliance With NYSE MKT Continued Listing Standards

Universal Security Instruments, Inc. announced that, on August 20, 2015, the Company received a letter from NYSE MKT LLC (the "Exchange") stating that the Exchange has determined that the Company is not in compliance with Sections 134 and 1101 of the Exchange's Company Guide due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2015 with the Securities and Exchange Commission (the "SEC"). The letter also states that the Company's failure to timely file its Quarterly Report on Form 10-Q and continued failure to timely file its Annual Report on Form 10-K are material violations of its listing agreement with the Exchange and, therefore, pursuant to Section 1003(d) of the Company Guide, the Exchange is authorized to suspend and, unless prompt corrective action is taken, remove the Company's securities from the Exchange. The Exchange had previously informed the Company that, in order to maintain its listing on the Exchange following failure to timely file the Annual Report on Form 10-K, the Company must, by August 5, 2015, submit a plan of compliance (the "Plan") addressing how it intends to regain compliance with Sections 134 and 1101 of the Company Guide by October 13, 2015. On August 5, 2015, the Company submitted to the Exchange the Company's Plan with respect to the filing of the Annual Report on Form 10-K. The Company has now been informed by the Exchange that while the Company is not required to submit an additional Plan with respect to the delayed Quarterly Report on Form 10-Q, the Company may submit, by August 27, 2015, a supplement to the Plan which addresses how the Company intends to regain compliance with Sections 134 and 1101 of the Company Guide with respect to the delayed Quarterly Report on Form 10-Q by November 18, 2015. If the Plan is accepted, the Company will be able to continue its listing during the respective Plan Periods, during which time the Company will be subject to periodic review to determine whether it is making progress consistent with the Plan. The letter from the Exchange advised that if the Company is not in compliance with the continued listing standards of the Company Guide by October 13, 2015 with respect to the delayed Annual Report on Form 10-K, and by November 18, 2015 with respect to the delayed Quarterly Report on Form 10-Q, or if the Company does not make progress consistent with the Plan during the respective Plan Periods, then the Exchange staff will initiate delisting proceedings as appropriate. The Company filed the late Annual Report on Form 10-K on August 25, 2015, and is working diligently to file the late Quarterly Report on Form 10-Q by September 4, 2015 and to regain compliance with the Company Guide.

Universal Security Instruments Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2015

Universal Security Instruments Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported a net loss of $748,500, or $0.32 per basic and diluted share, on net sales of $2,782,210 compared to a net loss of $1,504,306, or $0.65 per basic and diluted share, on net sales of $2,636,933 for the same period last year. For the year, the company’s sales were $9,891,554 against $12,577,127 for the same period last year. The company reported a net loss of $3,704,985 or $1.60 per basic and diluted share, compared to a net loss of $4,450,244, or $1.94 per basic and diluted share.

Universal Security Instruments Inc. Auditor Raises 'Going Concern' Doubt

Universal Security Instruments Inc. filed its 10-K on Aug 25, 2015 for the period ending Mar 31, 2015. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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