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U.S. Battery Manufacturing Company (USLM) is a public company that produces and sells batteries for motive and reserve power applications worldwide. The company offers various battery products like flooded lead acid batteries, which are used in automotive, marine, industrial, and renewable energy applications.

Market and Financial Information:

Under the ticker symbol USLM, U.S. Battery Manufacturing Company is traded on the OTC Bulletin Board (OTCBB). As of December 16, 2ul2, the company's stock price was $11.30 per share, giving it a market capitalization of $28.1 million. The stock's 52-week range is $10.60-$16.00. The company does not appear to have any significant institutional ownership.

Financial Performance:

On August 31, 2022, U.S. Battery Manufacturing Company reported its financial results for the fiscal third quarter. Sales were $13.7 million, down from $14.8 million in the third quarter of fiscal 2021. The company recorded a net loss of $(578) thousand, or $(0.06) per share, compared to net income of $384 thousand, or $0.04 per diluted share, in the year-ago quarter. The loss was primarily due to increased operating expenses resulting from higher freight and promotion costs, new product introductions, and higher research and development expenses.

In its most recent quarter, the company reported a gross profit margin of 26.7%, down from 35.2% in the third quarter of fiscal 2021. The decline in gross profit was primarily due to higher material and production costs. U.S. Battery Manufacturing has historically operated with a gross profit margin of over 30%, so the decline in profitability may be a cause for concern for investors.

Growth Prospects:

U.S. Battery Manufacturing is experiencing growth in its motive power battery business, driven by increased demand for electric forklifts. In August 2022, the company announced it had expanded its product line to include lithium-ion batteries, which are expected to be a significant growth driver for the company in the future. However, USLM faces intense competition in the battery industry, and its financial performance can be significantly impacted by raw material costs such as lead and steel prices.

Key Accounting Information:

U.S. Battery Manufacturing Company's financial statements are normally audited by an independent auditor. For fiscal years 2022 and 2021, the company's financial statements were audited by Grant Thornton LLP. The company's fiscal year ends on May 31.

Conclusion:

U.S. Battery Manufacturing Company (USLM) is a public company that produces and sells batteries for motive and reserve power applications worldwide. The company offers various battery products like flooded lead acid batteries, which are used in automotive, marine, industrial, and renewable energy applications. Investors interested in the company can find it listed on the OTC Bulletin Board under the ticker symbol USLM. However, like any investment, it's important to conduct thorough due diligence before investing in USLM.