Mace Security International Reports 1Q 2021 Financial Result

Mace Security International Reports 1Q 2021 Financial Results


Mace Security International Reports 1Q 2021 Financial Results
ACCESSWIRE
1Q 2021 net sales totaled $3,304,000, up
$513,000, or 18%, versus same period prior year primarily driven by new direct-to-consumer sales and organic retail growth
Net income for the quarter was $109,000, or 3% of net sales, compared to net income of $120,000, or 4% of net sales, in the same period of 2020
EBITDA for the quarter was $251,000, or 8% of net sales, versus $240,000, or 9% of net sales, in the first quarter of 2020
CLEVELAND, OH / ACCESSWIRE / April 30, 2021 / Mace Security International (OTCQX:MACE) today announced its first quarter 2021 financial results for the quarter ended March 31, 2021.
The Company's net sales for the first quarter were $3,304,000, up 18% versus the same period in the prior year. Sales during first quarter 2021 were impacted by international supply chain and logistics issues as well as severe winter weather in the Southwest United States during February. Combined, these events impeded net sales growth by an estimated 15% for the first quarter of 2021. We expect the supply chain and logistics issues to be resolved during the first half of the current quarter. Net sales increases for the first quarter reflect organic growth across our e-commerce and retail channels, which increased $898,000 and were partially offset by lower incoming orders for international customers which have been slow to rebound due to COVID-related challenges in other countries.

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