United-Guardian, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 09:01 am
Share
United-Guardian, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 2.65 million compared to USD 3.63 million a year ago. Net income was USD 0.461094 million compared to USD 0.633324 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.14 a year ago.
For the six months, sales was USD 5.22 million compared to USD 7.52 million a year ago. Net income was USD 1.22 million compared to USD 1.54 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.34 a year ago.
United-Guardian, Inc. is engaged in manufacturing and marketing cosmetic ingredients, pharmaceutical products, medical lubricants and sexual wellness ingredients. Cosmetic ingredients include a line of multifunctional hydrogel formulations designed to offer sensory enhancement, lubrication, texture and moisturization to personal care products. Its cosmetic ingredients include Lubrajel Natural, Lubrajel Marine, Lubrajel Oil Natural and Lubrajel Terra. Medical lubricants include a line of hydrogel formulations designed to offer sensory enhancement and lubrication to medical products. Pharmaceutical products include an FDA approved prescription drug that is used primarily to prevent and to dissolve calcifications in urethral catheters, as well as a chlorine-based topical antimicrobial. Sexual wellness ingredients include a line of hydrogel formulations designed to offer sensory enhancement, lubrication and moisturization to sexual wellness applications.