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Esp Resources Inc

Espey Manufacturing & Electronics Corp (ESPI) is a publicly traded company that is listed on the American OTC markets under the ticker symbol ESPI. The company is based in Saratoga Springs, New York and operates in the electrical equipment and components industry. Espey Manufacturing & Electronics Corp specializes in the design, development, and production of specialized military and industrial-grade power supplies, transformers, and electronic components.

In terms of financials, Espey Manufacturing & Electronics Corp reported net sales of $16.9 million for the fiscal year ended September 30, 2020, representing a decrease of 3.5% compared to the prior year. The company's net income for the same period was $2.8 million, or $1.29 per diluted share, compared to $3.5 million, or $1.61 per diluted share, in the prior year.

Espey Manufacturing & Electronics Corp has a history of profitability and has reported positive net income for the past five years. The company's revenue growth has been relatively stable, but there has been some variability in its net income due to changes in product mix and other factors.

As of September 30, 2020, Espey Manufacturing & Electronics Corp had a strong balance sheet with $12.3 million in cash and cash equivalents and $4.4 million in long-term debt. The company's total assets were $22.2 million, and its total liabilities were $8.1 million, resulting in a solid net asset position.

Overall, Espey Manufacturing & Electronics Corp is a well-established company with a track record of profitability and a strong balance sheet. While the company's revenue growth has been modest, it has demonstrated a consistent ability to generate positive net income and manage its debt levels. As a result, it may be of interest to investors who are seeking exposure to the electrical equipment and components industry. It is always recommended to conduct thorough research and seek the advice of a financial advisor before making any investment decisions.