Universal Security Instruments Inc. has released its pro forma condensed consolidated financial statements for the nine months ended December 31, 2024. The company reported net sales of $17.3 million for the period. A significant change was observed in the net income, which shifted from a historical loss of $801,867 to a pro forma net income of $2.0 million. The pro forma earnings per share were reported at $0.87, a notable improvement from the historical loss per share of $0.35. These statements were prepared as if the sale of a segment of the business, which closed subsequent to December 31, 2024, had been completed. No further outlook or guidance was provided in the document.
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