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Letter to Stockholders
To Our Stockholders:
The year 2021 proved to be another successful year with significant progress for MESCK, Inc. It was the most profitable year for our company. We not only continued to stay ahead of our competitors by anticipating and accommodating changing customer trends, but also increased our market share of the sensor industry by 6.67% during the past year. Our company has historically held the majority share of the low-tech market, and with the recent release of Acorn and current innovations underway, MESCK, Inc. is well on its way to controlling the high-tech industry.

The past year brought a 36.89% increase in net profit, moving our figure from $28,680,000 in 2020 to an impressive $45,923,000 in 2021. MESCK, Inc. also experienced a 29.7% jump in sales from the previous year, putting sales at a total of $199,054,000. Our earnings before interest (EBIT) of $83,493,000 and the company’s overall profit sharing figure of $937,000 exceeded all previous years. In an effort to stay on top of the market, our competitive strategy leads us to reinvest in our company, which has caused retained earnings to reach $149,276,000.

Recent financial reports show MESCK, Inc. is in a healthy position for a fairly young company. While liabilities remained constant during 2021, current assets almost doubled, greatly increasing working capital. With the release of our newest product, Acorn, we experienced a high cash inflow from operations of $60,533,000. MESCK, Inc. has a healthy amount of long-term outstanding debt and is in a position to maintain a balance of long-term liabilities as well as to pay off current liabilities. This is mainly due to recent profit increase and rise in overall financial health.

An important theme found throughout the financial reports of MESCK, Inc. is our strategy to competitively reinvest in our company. The

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