ADM Tronics Unlimited, Inc. is a Delaware-incorporated technology company developing medical electronics, environmentally friendly chemicals, and providing R&D services with a focus on medical and industrial applications.

# Company Summary

## Business Overview
- **Type:** Technology-based developer and manufacturer  
- **Founded:** November 24, 1969  
- **Legal Structure:** Corporation organized under Delaware laws  
- **Operations Conducted Through:** ADM Tronics Unlimited, Inc. ("ADM") and its subsidiary Sonotron Medical Systems, Inc. ("SMI")  

## Core Activities
- **Electronics for Medical Devices and Other Applications:**  
  - Develops and manufactures electronic technologies for non-invasive, electrotherapeutic, and diagnostic medical devices  
  - Serves veterinary and other applications  
  - Manufacturing occurs at FDA-Registered Medical Device Manufacturing facility in Northvale, NJ  
  - Produces both proprietary products and contract manufacturing for third-party companies  
  - As of March 31, 2025, backlog for electronic product orders was approximately **$956,000**  

- **Environmentally Safe Chemical Products for Industrial Uses:**  
  - Develops, manufactures, and sells water-based chemicals such as primers, adhesives, coatings, resins, chemical additives, and anti-static conductive paints  
  - Products used in industries like printing, food packaging, and manufacturing  
  - Emphasizes environmentally friendly, water-based systems as alternatives to solvent-based systems, claiming no known polluting effects or health hazards  
  - No patents protect these chemical formulations; some product names are trademarked  
  - Backlog for chemical products as of March 31, 2025, was not material  

- **Medical and Cosmetic Products:**  
  - Proprietary water-based, adhesive, and topical formulations for medical applications such as maxillofacial prosthetics  
  - Used for professional makeup and special effects in film, TV, and theater  

- **Research, Development, Regulatory, and Engineering Services:**  
  - Provides R&D, regulatory compliance, and engineering support for third parties in designing, developing, and manufacturing medical devices, electronics, and related technologies  
  - Services provided both on a fee-for-services and project basis  

## Customer Base
- During fiscal year ending March 31, 2025:  
  - **2 major customers** accounted for **48%** and **44%** of net revenue  
  - Out of accounts receivable: **55%** and **54%** were from these customers  

## Market and Distribution
- Products are sold directly from Northvale, NJ, on FOB shipping basis  
- Uses distributors who stock and ship products on their behalf  
- Revenue depends heavily on a limited number of customers, making the company vulnerable if major customers are lost  

## Employees
- **Number of Employees:** Not specified in the provided text  

## Financials
- **Revenue and Income:**  
  - Exact revenue and income figures are not provided in this excerpt  
  - Focuses on backlog amounts, customer concentration, and operational factors rather than specific financial results  

## Other Key Details
- **Facilities:** Located at 224 Pegasus Avenue, Northvale, NJ  
  - Leased approximately 16,000 sq. ft. space, expiring June 2028  
- **Regulatory & Compliance:**  
  - Manufacturing facility FDA-registered since 1988  
  - Complies with FDA quality standards and regulations  
- **Patents & Trademarks:**  
  - No patents on chemical products; some trademarks for product names  
- **Research & Development Expenses:**  
  - Fiscal years ending March 31, 2025 and 2024: $517,275 and $576,903 respectively  

## Summary
The company develops and manufactures electronics for medical and veterinary applications, produces environmentally friendly chemical products for industrial uses, and provides R&D and regulatory services for medical devices and electronics. It relies on a small number of major customers, maintains a single manufacturing facility, and faces typical industry regulatory and supply chain challenges.

ADM Tronics Unlimited, Inc. is a technology-oriented company specializing in the development and manufacturing of electronic medical devices, environmentally safe chemical products, and research and development services.

# Company Overview

**Name:** ADM Tronics Unlimited, Inc.  
**Incorporation:** November 24, 1969, in Delaware  
**Operations:** Through its subsidiary Sonotron Medical Systems, Inc. (SMI)  

## Business Activities
The company operates in several key areas:

### 1. **Electronics for Medical Devices and Other Applications**
- Develops and manufactures non-invasive, electrotherapeutic, and diagnostic medical devices.
- Also caters to veterinary and other sectors.
- **Facility:** FDA-Registered Medical Device Manufacturing facility located in Northvale, NJ.
- **Business Model:** Proprietary product development and contract manufacturing for non-affiliated customers.
- **Current Backlog (As of March 31, 2024):** ~$956,000 for electronic product orders.

### 2. **Contract Manufacturing**
- Revenue generated from manufacturing electronic medical devices and other products for external clients.
  
### 3. **Environmentally Safe Chemical Products**
- Develops, manufactures, and sells a range of chemical products including:
  - Water-based primers, adhesives, coatings, and chemical additives.
  - Anti-static conductive paints and coatings through its division, Antistatic Industries.
- **Acquired Division:** Antistatic Industries (July 2009) focused on the prevention and reduction of static electricity in various industries.

### 4. **Medical and Cosmetic Products**
- Specialized in developing proprietary topical formulations for:
  - Maxillofacial prosthetic medical applications.
  - Professional makeup for film, TV, and theatrical productions.

### 5. **Research, Development, Regulatory, and Engineering Services**
- Offers services to unaffiliated customers for the design and manufacturing of medical devices and related technologies.
- Services provided on a fee-for-service and project basis.

## Customers
- **Revenue Dependence:** A significant portion of revenue is dependent on a few key customers—two customers accounted for **44%** of net revenue in 2024 and **40%** in 2023.
- **Accounts Receivable:** As of March 31, 2024, two customers represented **54%** of accounts receivable.

## Workforce
- The company employs a variety of personnel but specific employee count is not mentioned in the document.

## Financial Overview
- **Accumulated Deficit (as of March 31, 2024):** $32,945,047.
- **Recent Research and Development Expenses:** $576,903 for FY 2024, an increase from $541,184 in FY 2023.
- **Revenue Generation:** Specific revenue figures are not disclosed, but the substantial dependence on a limited number of customers poses risks of potential revenue fluctuation.

## Conclusion
ADM Tronics Unlimited, Inc. is a technology-based company focused on developing and manufacturing electronic products for medical applications and a variety of environmentally safe chemical products. Their revenue structure heavily relies on a small number of key clients, which presents potential risks to their financial stability and operational integrity.

ADM TRONICS UNLIMITED, INC.

10-K / July 14, 2025

10-K / July 15, 2024

10-K / July 14, 2025

Company Summary

Business Overview

Core Activities

Customer Base

Market and Distribution

Employees

Financials

Other Key Details

Summary