Universal Safety Products, Inc. (formerly Universal Security Instruments, Inc.) has announced its financial results for the fourth quarter and fiscal year ended March 31, 2025. The company reported a significant increase in net sales for the fourth quarter, rising 40% to $6.23 million from $4.45 million in the same period last year. Net income for the quarter was $1.30 million, compared to a net loss of $776,671 in the previous year. For the full fiscal year, net sales increased to $23.56 million from $19.52 million in the prior year. The company achieved a net income of $500,684 for the fiscal year, reversing a net loss of $695,790 from the previous year. The improvement in net income is primarily attributed to increased sales to retail customers and an income tax benefit from the reversal of a portion of the reserve for deferred tax assets related to the gain on the sale of assets. The company is also exploring other business opportunities to enhance long-term shareholder value.
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