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Business Summary: Uniroyal Global Engineered Products, Inc. is focused on manufacturing and selling vinyl coated fabric products. Its brand names include Naugahyde, BeautyGard, Flame Blocker, Spirit Millennium, Ambla, Amblon, Velbex, Cirroflex, Plastolene, and Vynide. The Company's products are used in various applications, such as automotive and non-automotive transportation, certain indoor/outdoor furniture, commercial and hospitality seating, healthcare facilities, and athletic equipment. In the automotive industry, its products are used primarily in seating, door panels, head and arm rests, security shades, and trim components, including instrument panels, door casings, seating, gear lever and steering column gaiters, headliners, and load space covers. Non-automotive applications include outdoor seating for utility and sports vehicles, sheeting used in medical and toxic hazard protection, personal protection, moisture barriers, stroller and nursery equipment, and decorative surface applications.
Financial Summary: BRIEF: For the three months ended 04 April 2022, Uniroyal Global Engineered Products Inc revenues decreased 8% to $20.1M. Net loss applicable to common stockholders totaled $545K vs. income of $220K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Funding from Paycheck Protection Program decrease from $839K (income) to $0K.