| Business Summary | | Universal
Security
Instruments
Inc.
designs
and
markets
a
variety
of
popularly
priced
security
and
private
label
products
which
currently
consist
primarily
of
smoke
alarms
and
related
products.
Most
of
the
Company's
products
either
require
minimal
installation,
or
are
designed
for
easy
installation
by
the
consumer
without
professional
assistance
and
requiring
little
or
no
technical
knowledge.
In
the
sale
of
smoke
alarms,
the
Company
competes
in
all
of
its
markets
with
First
Alert,
Firex
and
Walter
Kidde.
The
Company
also
markets
a
variety
of
private
label
products
on
a
made-to-order
basis,
such
as
telephones
and
video
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Universal
Security
Instruments
designs
and
markets
a
variety
of
security
products,
telecommunications
products
and
video
products.
For
the
fiscal
year
ended
3/31/01,
revenues
increased
1%
to
$7.7
million.
Net
loss
totaled
$759
thousand
vs.
an
income
of
$41
thousand.
Revenues
reflect
marketing
to
the
electrical
distribution
trade
through
USI
Electric.
Net
losses
reflect
the
absence
of
a
$805
thousand
gain
on
sale
of
a
Company's
headquarters
and
impact
of
sluggish
worldwide
economy. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,255;
after
tax
earnings
were
62. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| Michael Kovens, 58 Chairman | $175K | Harvey Grossblatt, 54 Pres,
CFO, Sec., Treasurer, Director | 122K | Stephen Knepper, 57 Vice
Chairman | -- | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|