Shares of Universal Security Instruments were trading higher in Friday’s after-hours session after the company reported higher quarterly and yearly sales.
At 5:40 p.m. EDT, the company’s shares were trading 8.3% higher at $2.99 each. The stock closed the day’s regular session at $2.76 per share, gaining 4.5%.
After the bell, Universal reported fourth-quarter earnings per share of 12 cents on sales of $5.93 million. In the year-ago period, the company reported a loss per share of 10 cents on sales of $4.29 million.
For the 12 months ended March 31, the distributor of safety and security devices reported sales of $22.1 million, up from the $19.5 million reported for the fiscal year ended March 31, 2022.