US Lighting Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 18, 2022 at 05:30 pm IST
Share
US Lighting Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.516 million compared to USD 0.021 million a year ago. Net loss was USD 0.663 million compared to USD 0.211 million a year ago.
For the nine months, sales was USD 0.641 million compared to USD 0.023 million a year ago. Net loss was USD 1.65 million compared to net income of USD 3.05 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. Basic loss per share was USD 0.02 compared to basic earnings per share of USD 0.03 a year ago.
US Lighting Group, Inc. is a composite technology provider. The Company develops its products in the recreational vehicles (RV), marine, and composite housing sectors. The Company has four subsidiaries that design and market various products, which include Cortes Campers, LLC (Cortes Campers), Futuro Houses, LLC (Futuro Houses), Fusion X Marine, LLC (Fusion X Marine), and MIG Marine Corporation (Mig Marine). Cortes Campers is a brand of molded fiberglass campers, and its lead product is the Cortes 17. Futuro Houses is focused on the design and sales of molded fiberglass homes. Fusion X Marine is a high-performance boat designer. MIG Marine is a composite manufacturing company that produces molded fiberglass products for its other business lines. The Company and its subsidiaries have manufacturing and research and development (R&D) facilities in Cleveland, Ohio. Cortes Campers is a designer and marketer of recreational vehicles.