October, 2019 Press Releases

October 31st, 2019

Mace releases Third Quarter 2019 Financial Results

  • Net sales for the third quarter of 2019 decreased to $2,447,000 or (29%) over same period in 2018
  • Net loss of ($161,000) for the quarter, which includes charges for $14,000 for severance expenses and final charges for exit of the munitions business of $15,000
  • Adjusted EBITDA of $9,000 for the quarter

 

CLEVELAND, Ohio – Mace Security International Inc. (OTCQX: MACE) today released unaudited financial results for the quarter ended September 30, 2019.

 

The Company’s net sales for the third quarter decreased 29% over the same period in 2018, with net loss of ($161,000). EBIDTA for the third quarter of 2019 of was a loss of ($36,000), and adjusted EBIDTA was $9,000.

 

President and CEO Gary Medved commented: “We believe the Company is nearing completion of it’s resetting of operational and financial performance that began in Q1 of this year. We are pleased that our EBIDTA and adjusted EBIDTA were close to breakeven despite a reduced level of sales, which provides a foundation for future EBIDTA and profitability growth in 2020.”

 

 

Third Quarter/Year to Date 2019 Financial Highlights

 

  • Net sales decreased (29%) to $2,447,000 for the three months ended September 30, 2019 compared to $3,447,000 in the same period last year, and decreased (6%) to $8,126,000 for the nine months ended September 30, 2019 compared to $8,653,000 in the same period in 2018.
  • Gross margin percentage for the third quarter declined from 43% to 40%, while year to date gross margin percentage declined from 43% to 37% from the same period in 2018. The year to date gross margin decline includes the impact of ($124,000) for exit of the less lethal munitions business announced in Q2 (the last $15,000 of exit cost is in SG&A costs in the third quarter.)
  • SG&A expenses for the three months ended September 30, 2019 declined by ($153,000) vs. the same period from 2018.

   

 

Third Quarter 2019 Operational Highlights

 

  • The Company decreased manufacturing overhead costs by an annual rate of over $200,000 from consolidation of positions at the end of Q3, while keeping production capacity unchanged. The full impact of this overhead reduction is expected to be achieved in Q4 of 2019.
  • The Company is continuing to develop packaging with a smaller footprint which is less expensive and environmentally friendlier. In addition the Company is continuing the refresh of its products in more contemporary and vibrant colors. The combined impact of packaging, logo design, and new product colors offers retail customers greater choice and flexibility in product placement as they finalize their upcoming 2020 product lineups.

 

 

 

Conference Call

 

Mace® will conduct a conference call on Thursday October 31, 2019 at 1 PM EDT, 10 AM PDT to discuss its financial and operational performance for the quarter.

Participant Toll-Free Dial-In Number: (877) 719-8065; Conference ID 8266357

 

A full set of the consolidated financial statements are available on www.Mace.com. A digital recording of the conference call will be available for replay two hours after the call’s completion. The time period that the recording will be available is listed below. To access the recording, use the dial-in number listed below and the conference ID 8266357.

Encore dial-in number: 800-585-8367 or 855-859-2056 (or internationally on 404-537-3406)
Encore dates: Will be available 2 hours after the call and will expire at 23:59 on 05 Nov 2019 .

 

About Mace Security International, Inc.

 

Mace Security International Inc. is a globally recognized leader in personal safety products. Based in Cleveland, Ohio, the Company has spent more than 30 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of pepper spray products. The Companies other leading brands include Tornado® Brand stun guns and pepper spray, and Vigilant® Brand alarms. The Company also offers aerosol defense sprays for law enforcement and security professionals worldwide through its Take Down® Brand.

Mace Security International distributes and supports its products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce channels and through its website, www.Mace.com. For more information, please visit www.mace.com.

 

Forward-Looking Statements

 

Certain statements and information included in this press release constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used in this press release, the words or phrases “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “projected,” “intend to” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to economic conditions, dependence on management, our ability to compete with competitors, dilution to shareholders, and limited capital resources.

 

Read the rest of this entry »


October 10th, 2019

Mace (MACE:OTCQX) Announces Timing of Third Quarter Earnings Call

 

Investor Relations Contact:

Mark E. Barrus
Senior Vice President, Chief Financial Officer, and Secretary
Mbarrus@mace.com
(216) 539-0485

Timing of Q3 Earnings Call Announced

CLEVELAND, October 10, 2019 /ACCESSWIRE/ – Mace® Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, announces the timing of it’s Earnings Call for the Third Quarter of 2019. Mace® will conduct a conference call on Thursday, October 31, 2019, at 1 PM EDT, 10 AM PDT to discuss its financial and operational performance for the quarter ended September 30, 2019.

Participant Toll-Free Dial-In Number: (877) 719-8065; Conference ID 8266357

A digital recording of the conference call will be available for replay after the call’s completion. The date ranges the recording will be available are listed below. To access the recording, use the dial-in number listed below and the conference ID 8266357:

Encore dial-in number: (855) 859-2056 or (404) 537-3406
***In addition to the toll-free number listed above, you can also dial (800) 585-8367 to access your recording.***

Encore dates: 10/31/2019 16:00 Eastern Time – 11/05/2019 23:59 Eastern Time

About Mace® Security International, Inc.:

Mace® Security International, Inc. (MSI) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, Vigilant® Brand alarms which are the world-wide leader and number one recognized brand in personal alarms, and Tornado ® Brand pepper spray. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce channels, and other distributors. For more information, visit www.mace.com.

Forward-Looking Statements

This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward looking statements are based on information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause events and the Company’s actual results to differ materially from those expressed or implied. Please see the disclosure regarding forward-looking statements on the Company’s Annual Report on the OTCQX website or on www.mace.com. The company assumes no obligation to update any forward-looking statements.

Related Links
http://www.mace.com


October 1st, 2019

The Origin of the Mace (R) Brand

 

Did you know?

Chemical Mace was originally invented in 1965 by Allan Lee Litman. Litman’s formula packaged phenacyl chloride (CN) tear gas dissolved in hydrocarbon solvents into a small aerosol spray can. Primarily sold to police forces, the name gained popularity over the years. The term “got maced” referred to being sprayed in the face with Mace® Brand chemical spray.  Due to the toxicity of CN, the chemical formula evolved over the years to replace CN with oleoresin capsicum (OC) pepper spray, made from naturally grown peppers grown around the world. OC also demonstrates superior incapacitating properties relative to CN.

Our company was founded in Vermont in 1987 and obtained an exclusive license to produce and market defense sprays under the Mace® Brand trademark. In 1993, the Company purchased all rights, title and interest to the Mace® Brand. We are the original Mace ® Brand!

Today, Mace® Brand pepper sprays contain OC as the primary active ingredient. The only other ingredients in Mace® pepper sprays are solvents and propellant. We go to great lengths to protect our great brand, so please, when speaking of pepper spray, please refer to the product as “pepper spray” if it is not a Mace® Brand product. If it is a Mace® Brand product, please refer to it as Mace® Brand pepper spray.

We pride ourselves on being the Original and Authentic Mace® Brand pepper spray, with our manufacturing facility located in Cleveland, OH.