$UG
UNITED GUARDIAN INC

2024 Q3 Form 10-Q Financial Statement

#000117184324004675 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.060M $3.390M
YoY Change 0.08% 27.92%
Cost Of Revenue $1.409M $1.561M
YoY Change -19.45% 9.21%
Gross Profit $1.651M $1.829M
YoY Change 26.2% 49.82%
Gross Profit Margin 53.96% 53.95%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $111.1K $111.7K
YoY Change 13.18% -13.26%
% of Gross Profit 6.73% 6.1%
Depreciation & Amortization $21.72K $24.12K
YoY Change 8.6% -1.35%
% of Gross Profit 1.32% 1.32%
Operating Expenses $111.1K $111.7K
YoY Change 13.18% -13.26%
Operating Profit $949.1K $1.115M
YoY Change 31.48% 115.16%
Interest Expense $147.2K $90.51K
YoY Change 110.23% 44.98%
% of Operating Profit 15.5% 8.12%
Other Income/Expense, Net $147.2K $90.51K
YoY Change 125.27% 44.97%
Pretax Income $1.096M $1.205M
YoY Change 39.26% 107.61%
Income Tax $230.8K $249.0K
% Of Pretax Income 21.05% 20.66%
Net Earnings $865.5K $956.2K
YoY Change 38.09% 107.38%
Net Earnings / Revenue 28.28% 28.21%
Basic Earnings Per Share $0.19 $0.21
Diluted Earnings Per Share $0.19 $0.21
COMMON SHARES
Basic Shares Outstanding 4.594M 4.594M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.496M $9.859M
YoY Change 18.11% 32.83%
Cash & Equivalents $2.442M $8.405M
Short-Term Investments $7.054M $1.454M
Other Short-Term Assets $302.7K $434.6K
YoY Change -42.89% -30.09%
Inventory $1.191M $1.172M
Prepaid Expenses
Receivables $1.494M $1.677M
Other Receivables $0.00 $0.00
Total Short-Term Assets $12.48M $13.14M
YoY Change 7.48% 15.66%
LONG-TERM ASSETS
Property, Plant & Equipment $667.5K $658.7K
YoY Change 19.82% 28.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $102.2K $33.50K
YoY Change
Total Long-Term Assets $769.7K $692.2K
YoY Change 38.16% 34.62%
TOTAL ASSETS
Total Short-Term Assets $12.48M $13.14M
Total Long-Term Assets $769.7K $692.2K
Total Assets $13.25M $13.83M
YoY Change 8.89% 16.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $513.2K $336.9K
YoY Change 208.79% 116.17%
Accrued Expenses $1.341M $1.355M
YoY Change 4.22% 15.14%
Deferred Revenue $0.00 $0.00
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.875M $1.713M
YoY Change 27.25% 26.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.875M $1.713M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.875M $1.713M
YoY Change 23.37% 22.92%
SHAREHOLDERS EQUITY
Retained Earnings $10.92M $11.66M
YoY Change 7.14% 16.34%
Common Stock $459.4K $459.4K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.38M $12.12M
YoY Change
Total Liabilities & Shareholders Equity $13.25M $13.83M
YoY Change 8.89% 16.48%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $865.5K $956.2K
YoY Change 38.09% 107.38%
Depreciation, Depletion And Amortization $21.72K $24.12K
YoY Change 8.6% -1.35%
Cash From Operating Activities $1.229M $1.324M
YoY Change 5.02% 204.64%
INVESTING ACTIVITIES
Capital Expenditures $30.60K $65.34K
YoY Change -56.29% 4812.78%
Acquisitions
YoY Change
Other Investing Activities -$5.554M $73.29K
YoY Change -98.49%
Cash From Investing Activities -$5.584M $7.950K
YoY Change 7877.59% -99.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.608M 0.000
YoY Change 249.53%
NET CHANGE
Cash From Operating Activities 1.229M 1.324M
Cash From Investing Activities -5.584M 7.950K
Cash From Financing Activities -1.608M 0.000
Net Change In Cash -5.963M 1.332M
YoY Change -1031.79% -74.78%
FREE CASH FLOW
Cash From Operating Activities $1.229M $1.324M
Capital Expenditures $30.60K $65.34K
Free Cash Flow $1.198M $1.259M
YoY Change 8.92% 190.49%

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<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody><tr style="vertical-align: top;"> <td style="width: 27pt;"> <p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">2.</p> </td> <td style="width: auto;"> <p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Basis of Presentation</p> </td> </tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 27pt;">Interim condensed financial statements of the Company are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) for interim financial information, pursuant to the requirements for reporting on Form 10-Q and Regulation S-X. In the opinion of management, all adjustments considered necessary for the fair presentation of financial statements for the interim periods have been included. The results of operations for the three and six months ended June 30, 2024 (also referred to as the "second quarter of 2024" and the "first half of 2024", respectively) are not necessarily indicative of results that ultimately may be achieved for any other interim period or for the year ending December 31, 2024. The interim unaudited condensed financial statements and notes thereto should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.</p>
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