Home / Going-concern warnings / UNIVERSAL SAFETY PRODUCTS, INC.
Filed 2026-07-02 路 Form 10-K 路 Accession 0001104659-26-080359 nano
Price before filing: $4.19 (2026-07-01 close, split/dividend-adjusted)
Market cap at flag: $9.3M (2026-07-02) 路 Latest: $15.5M (2026-10-16)
| Window | UUU | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -20.5% | +1.6% | -22.1% | 2026-08-03 |
| 90 days | +22.4% | +2.5% | +19.9% | 2026-09-30 |
| 180 days | pending | pending | until 2026-12-29 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $2.0M (2 purchases)
30 days after: 1 insider bought $2K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-04-30 | AULT MILTON C III Director, 10% owner | Purchase | 155,000 | $5.75 | $891K | no | Form 4 |
| 2026-05-15 | AULT MILTON C III Director, 10% owner | Purchase | 185,000 | $5.75 | $1.1M | no | Form 4 |
| 2026-07-02: red flag filed | |||||||
| 2026-07-07 | AULT MILTON C III Director, 10% owner | Purchase | 300 | $4.06 | $1K | no | Form 4 |
| 2026-07-08 | AULT MILTON C III Director, 10% owner | Purchase | 100 | $3.89 | $389 | no | Form 4 |
| 2026-07-08 | AULT MILTON C III Director, 10% owner | Purchase | 200 | $3.96 | $792 | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-04-03 to 2026-08-01. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the Company) prepares financial statements assuming it will continue operations, but reported a net loss of $ 2,485,763 for the fiscal year ended March 31, 2026, and has an accumulated deficit of $ 12,543,809 that create substantial doubt about its ability to continue as a going concern for at least one year and one day after the financial statements in this annual report are issued."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: CBIZ CPAs P.C.
Source: independent auditor report in Form 10-K (period 2026-03-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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