Universal Security Instruments Inc. Announces Preliminary Results for the Fourth Quarter and Year Ended March 31, 2014
For the 12 months ended March 31, 2014, sales decreased approximately 18% to $12,577,127 versus $15,383,877 for the same period last year. The company expects to report a net loss of approximately $4,315,244, or $1.88 per basic and diluted share, versus a net loss of $452,561, or $0.20 per basic and diluted share, for the same period last year.