)
Visual
test
Mace Security International
Mace Security International (MACE) investor relations material
Mace Security International has been delisted
Mace Security International Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary29 Sep, 2024
Executive summary
Net sales for Q2 2024 were $1.36M, down 22% year-over-year due to loss of major retail customers and non-repeating international orders.
Gross profit rate remained at 30% in Q2 2024, with operational cost reductions offset by inflation in freight and components.
Net loss for Q2 2024 was ($722K), compared to ($629K) in Q2 2023; adjusted EBITDA loss widened to ($412K) from ($283K).
Year-to-date net sales fell 20% to $2.72M, with gross profit rate improving to 32% from 27% year-over-year.
Cash and cash equivalents declined to $60K as of June 30, 2024, with $1.25M drawn on a $2M credit line.
Financial highlights
Q2 2024 net sales: $1.36M (down 22% YoY); six-month net sales: $2.72M (down 20% YoY).
Q2 2024 gross profit: $409K (30% margin); six-month gross profit: $858K (32% margin).
Q2 2024 net loss: ($722K); six-month net loss: ($1.46M).
Adjusted EBITDA loss for Q2 2024: ($412K); six-month adjusted EBITDA loss: ($901K).
SG&A expense for Q2 2024: $947K; adjusted SG&A: $824K, 4% lower than prior year.
Outlook and guidance
Management continues to invest in manufacturing improvements and new product development to drive future growth.
Sales of S2 pepper spray launchers in Q3 to date are 10% higher than in Q2 2024.
Efforts underway to regain Amazon compliance for products affected by new button cell battery policy.
How to mitigate impact of lost retail customers?
Timeline for Amazon button cell policy compliance?
Given low cash, what's the liquidity outlook?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Mace Security International
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage