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Universal Security Instruments Inc. Message Board

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  • From the NT10-K issued on June 29:

    As previously reported by the Registrant, for the nine months ended December 31, 2014, sales were $7,109,344 versus $9,940,194 for the same period in the prior year. The Registrant reported a net loss of $2,696,795 for the nine months ended December 31, 2014, or $1.16 per basic and diluted share, compared to a net loss of $2,945,939, or $1.29 per basic and diluted share for the same period in the prior year. Although the Registrant is waiting for the financial statements of its Hong Kong Joint Venture before it is able to finalize the Registrant’s financial statements, the trend of the Registrant’s results of operations for the first nine months of the fiscal year ended March 31, 2015 has continued in lower sales and net losses for the fourth fiscal quarter and full fiscal year.

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