Focus Universal

Focus Universal, Inc. engages in the development and manufacture of universal smart devices. Its technology features a Universal Smart Instrumentation Platform (USIP), a hardware and software integration platform that provides solutions for embedded design, industrial control and monitoring. It also offers Ubiquitor, universal smart controller, and sensors. The company was founded by Desheng Wang on December 4, 2012 and is headquartered in Ontario, CA.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ONTARIO, CA / ACCESSWIRE / April 8, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced that Warren Wang has resigned his position at PX SPAC Capital Inc. and accepted a position at Focus Universal Inc. as Chief Strategy Officer and Vice President. Mr. Wang brings over 20 years of experience in financing, listing, and capital operations.

Focus Universal Inc. Announces Warren Wang as Chief Strategy Officer

ONTARIO, CA / ACCESSWIRE / March 18, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced that it will participate at American Chemical Society Expo at the New Orleans Ernest N. Morial Convention Center from March 17-21.

Focus Universal Inc. to Showcase Sensor Technology at American Chemical Society Expo in New Orleans

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / March 15, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced it has engaged PX SPAC Capital Inc, to raise its visibility and strengthen its relationships within the investment community. "We are thrilled about our new partnership with PX SPAC Capital Inc. PX's expertise will play a crucial role in supporting our business expansion and growth.

Focus Universal Inc. Engages PX SPAC Capital Inc.

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 23, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced the sale of its Ontario warehouse facility. "Our company has sold the warehouse for $7.1 million dollars, which has resulted in a $2.6 million dollar capital gain.

Focus Universal Inc. Announces $2.6 Million Capital Gain on Asset Sale

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 14, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced an update on its universal smart IoT developments. Over a period of over 15 years, the company has continued to develop five disruptive patented technology platforms with 28 patents and patents pending in various phases and 8 trademarks pending in various phases to solve the major problems facing hardware and software design and production within the industry today.

Focus Universal Inc. Announces an Update on Universal Smart IoT Platforms

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 13, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced its commercial launch of SEC financial reporting automation software. Financial reporting is the process by which an organization communicates its financial performance to stakeholders.

Focus Universal Inc. Announces the Commercial Launch of SEC Financial Reporting AI-Driven Automation Software

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 12, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced it has an agreement with Ininbio, a multi-dimensional Mexico-based tech company, to develop and provide sensors and controllers intended to improve control of the fermentation processes used in the manufacturing of food grade alcohol-based beverages, including popular drinks of beer, tequila, and mezcal from the Mexico region. Traditionally, this fermentation process has been monitored by manual measurement means and devices.

Focus Universal Inc. to Partner with Ininbio to Develop Advanced Equipment Used in Beverage Industry

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / October 17, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G announced today that the Company will reveal its Ubiquitor products at 12th Annual MJBizCon on November, 29 through December 1st, 2023 at Las Vegas Convention Center and also at the 2024 Annual Conference & California School Business Expo on April 7 through April 10, 2024 at the Palm Springs Convention Center in California. "Unlike most electronic devices on the market that can perform only single pre-defined function, the Ubiquitor can perform multiple customized functions.

Focus Universal to Debut Ubiquitors at 12th Annual MJBizCon Expo and 2024 Annual Conference & California School Business Expo

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / June 20, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, is pleased to announce today that it received an industry award during a successful InfoComm 2023. InfoComm is North America's largest technology exhibition and conference focused on the pro AV industry.

Focus Universal Inc. and Smart AVX Wins Industry Award at InfoComm 2023

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / April 6, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced that it will participate at InfoComm 2023 at the Orange County Convention Center in Orlando, FL from June 14-16. Focus will be at Booth #689 in the Exhibit Hall.

Focus Universal Inc. to Showcase Wide Array of Innovative AVX Branded LED Displays at InfoComm 2023

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / April 5, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G announced today that its Board of Directors has approved a share repurchase program with authorization to purchase up to $7 million of its common stock. "We remain committed to strategically deploying capital to drive long-term value for stockholders.

Focus Universal Inc. Announces Share Repurchase Program

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / April 3, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, provided an update on its patent portfolio. The United States Patent and Trademark Office ("USPTO") issued an Issue Notification for U.S. Patent No.

Focus Universal Inc. Adds to Intellectual Property Portfolio with Two New Patents

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / March 22, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G announced today that the Company's common stock shares will be traded in accordance with the "due bill" procedures of NASDAQ from February 23, 2023 through March 23, 2023. The ex-dividend date is March 24, 2023.

Focus Universal Inc. Announces Details of Special Dividend

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / March 8, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G announced today that its Board of Directors has approved to include upon the ballot to increase the authorized number of common stock. The company will now seek investor approval to increase its number of shares to enable stock splits in the form of dividend in upcoming annual shareholder meeting.

Focus Universal Inc. to Seek Shareholder Approval for Increased Number of Shares for Future Stock Dividends

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / March 1, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5Ghas reduced its previously announced at-the-market (ATM) offering from US $25 million to US $1 million. Focus Universal filed for a $25 million at-the-market offering on Dec 12, 2022.

Focus Universal Inc. Lowers ATM Financing Agreement Amount

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 23, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, is pleased to announce that it has hired former SEC Enforcement attorney Mark David Hunter to review potential violations of the laws by entities and individuals engaged in the unlawful naked short selling activities and market manipulation of the Company's stock. Mr. Hunter will counsel the Company regarding potential litigation against those engaging in or facilitating the illegal short selling, as well as a potential referral to the U.S. Securities and Exchange Commission through its Whistleblower Program.

Focus Universal Inc. Hires Former SEC Enforcement Attorney Mark David Hunter to Investigate Naked Short Selling Activities

ONTARIO and LOS ANGELES, CA / ACCESSWIRE / February 9, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things ("IoT") and 5G, has hired Shareholder Intelligence Services, LLC ("ShareIntel") to assist in our efforts to help identify and combat suspected illegal naked short selling activities and market manipulation. This is all part of a larger set of action plans and resolutions approved by the management and board to address what might be a pervasive pattern of illegal short selling of its stock.

Focus Universal Inc. Hires ShareIntel To Investigate Naked Short Selling Activity

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / February 7, 2023 / Focus Universal, Inc. (NASDAQ:FCUV) ("Focus Universal" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G is pleased to announce today that its Board of Directors (the "Board") declared a special dividend of one share dividend for every two shares of Common Stock issued and outstanding resulting in a 50 percent stock dividend of the Company's outstanding common stock (the "Dividend"). There were 43,130,915 shares of the Company's common stock outstanding as of February 7, 2023.

Focus Universal Inc. Announces a Special Stock Dividend of One Share for Every Two Shares of Stock

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / January 5, 2023 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, provided the following update today to the Company's shareholders. NEW TEAM ADDITIONS Focus Universal is also pleased to welcome Mr.

Focus Universal Inc. Provides Product and Business Updates and New Additions to the Focus Universal Team

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / November 18, 2022 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced that it has appointed Mr. Irving Kau as the Company's Chief Financial Officer, effective November 18, 2022.

Focus Universal Announces Growth Changes in Executive Titles

GrowGeneration Corp

Company also forms subsidiary Lusher Bioscientific to Expand Product Offerings LOS ANGELES, CA / ACCESSWIRE / August 26, 2022 / Focus Universal Inc. (NASDAQ:FCUV) (the Company), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, is pleased to announce today the formation of their sales department, the hiring of a VP of Sales and Marketing and the formation of Lusher Bioscientific. Focus Universal as a company had been focused on research and development and quietly developing fundamental solutions for IoT hardware and software design for more than 15 years.

Focus Universal Inc. Announces the Formation of Sales Department and Hiring of VP of Sales and Marketing

ONTARIO and LOS ANGELES, CA / ACCESSWIRE / August 18, 2022 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, provided the following update today to the company's shareholders. Voluntary Lock-Up Agreement of 5% Shareholders The shareholders that individually hold greater than five percent (5%) of Focus Universal shares have voluntarily entered into lock-up agreements with the Company with respect to approximately 59.3% of the issued and outstanding securities of the Company until August 30, 2023.

Focus Universal Inc. Provides Shareholder and Product Update and Celebrates One Year Anniversary with Ringing Nasdaq Closing Bell

This release corrects and replaces the release disseminated June 21, 2022 at 9:00am ET. The release contained an incorrect location, not created by the company, in the dateline of Ontario Canada.

RETRANSMISSION: Focus Universal Set to Join Russell 2000 Index

ONTARIO, CANADA and LOS ANGELES, CA / ACCESSWIRE / June 21, 2022 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, is set to join the broad-market Russell 2000 ® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, according to a preliminary list of additions posted June 3. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization.

Focus Universal Set to Join Russell 2000 Index

ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / January 26, 2022 / Focus Universal Inc. (NASDAQ:FCUV) (the "Company"), a leading provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced approval of the company's application by The Nasdaq Stock Market LLC ("Nasdaq") to uplist the company's securities onto The Nasdaq Global Market effective with the open of business on January 28, 2022, under Focus Universal's current ticker symbol, "FCUV". "Focus' advancement to The Nasdaq Global Market continues a year of growth for our company during which time we continue to expand our team and our businesses and fundamental technology platforms, inclusive of the IoT and 5G++", said Desheng Wang, Chief Executive Officer of Focus Universal.

News for Focus Universal Stock (FCUV)