US Lighting Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 12:31 pm EDT
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US Lighting Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.049 million compared to USD 0.001 million a year ago. Net loss was USD 0.4 million compared to net income of USD 3.45 million a year ago.
For the six months, sales was USD 0.125 million compared to USD 0.002 million a year ago. Net loss was USD 0.776 million compared to net income of USD 3.31 million a year ago. Basic loss per share from continuing operations was USD 0.01. Basic loss per share was USD 0.01.
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.