Company / R&D Expense
UNIVERSAL SAFETY PRODUCTS, INC. R&D Expense History
FY2014-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$438.2K
FY2023
5-year range
$438.2K / $502.8K
FY2019-FY2023
Trend
-7.1%
vs FY2022
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has declined for 3 consecutive years, from $682,508 in FY2018 to $438,200 in FY2023.
Based on SEC 10-K filings.
$438,200 in FY2023 with a 5-year CAGR of -8.5%.
Declined from $502,845 to $438,200 over the past 4 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -8.5%
- 10-Year CAGR
- -
Key checks
Key Insights
- UNIVERSAL SAFETY PRODUCTS, INC.'s r&d expense has declined for 3 consecutive years.
- 5-year CAGR of -8.5%, indicating a declining trend.
- In FY2023, r&d expense decreased 7.1% year-over-year.
- Peak r&d expense was recorded in FY2016.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $438.2K | -7.1% |
| FY2021 | $471.5K | -6.2% |
| FY2019 | $502.8K | -26.3% |
| FY2018 | $682.5K | +2.6% |
| FY2017 | $665.3K | -14.4% |
| FY2016 | $776.8K | +31.1% |
| FY2015 | $592.5K | +9.1% |
| FY2014 | $543.1K | -4.9% |
As of FY2023 · SEC 10-K · Updated Jun 24, 2026