EUCLID, Ohio, Dec. 1, 2021 /PRNewswire/ — US Lighting Group, Inc. (OTC: USLG) announced its monetary effects for the three and nine months ended September 30, 2021.
Main financial highlights:
Operating Results for the Nine Months Ended September 30, 2021
The Company achieved net sales for the nine months ended September 30, 2021, of $23,000, as compared to $2,000 for the same period of 2020, excluding sales from discontinued Intellitronix operations of $2.5 Million.
Net revenue stream $3. 1 million, compared to a loss of $440,000 in the same era of 2020.
Net revenue stream included a one-time profit of $3. 915 billion from the sale of decided assets of the Company’s wholly-owned subsidiary, Intellitronix Corporation, in May 2021.
Operating effects for the 3 months ended September 30, 2021
Net sales for the three-month era ending September 30, 2021 were $21,000, compared to $1,000 for the same was last year, discontinued operations sales of $961,000
The net loss is $149,000, compared to a loss of $147,000 for the same time last year.
Anthony Corpora, President and Chief Executive Officer of US Lighting Group, Inc. , said, “Our strategic resolve to sell certain Intellitronix assets has not only strengthened our balance sheet, but has also provided us with an exclusive opportunity to rename and expand our in January, we formed a new subsidiary called Cortes Campers, LLC. Cortes Campers was established to market and distribute trailer trailers for the upcoming recreational vehicle market. In April, we created Fusion X Marine, LLC. We sell boats and other similar products to the recreational boating market. And we continue to leverage our expertise in automotive electronics by creating new proprietary products for the OEM and VR segments.
“We are confident that our recent partnership/distributor agreements with distributors in 4 states will provide us with the opportunity to identify Cortes Campers nationally as we continue to negotiate new agreements. We continue to lead product progression efforts in electronic products for OEM vehicle applications. “Mr. Corpora continued.
About US Lighting Group, Inc.
US Lighting Group, Inc. (OTC: USLG) has two departments, “Cortes Campers,” a manufacturer of fiberglass molded caravans and motorhomes with revolutionary designs that provide comfort, style, durability, and longevity. Another department of the company, Fusion X Marine, is expected to be a boat manufacturer and a franchisor of mini-motorboats. The Company and its subsidiaries have production facilities and R
For information: www. uslightinggroup. com
Forward-Looking Statements
Investor Relations Contact Andrew Barwicki 516-662-9461 andrew@barwicki. com
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SOURCE American Lighting Group, Inc.