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Knowles Corporation (NYSE: KN) is a market leader and global supplier in the field of advanced micro-acoustic, specialty components, and human interface solutions. With over 65 years of industry excellence, Knowles has established itself as a pivotal player in various sectors including mobile communications, consumer electronics, medical technology, military/space, and other industrial markets. The company is headquartered in Itasca, Illinois, and operates globally with approximately 7,100 employees in 14 countries.
Knowles Corporation specializes in designing and manufacturing high-performance capacitors, radio frequency filtering products, balanced armature speakers, advanced micro-acoustic microphones, and comprehensive audio solutions. Its operations are segmented into three primary areas:
- Precision Devices Segment: Focuses on high-performance capacitor products and RF solutions, including the recently launched Electric Double Layer Capacitor (EDLC) modules.
- Medtech & Specialty Audio Segment: Designs and manufactures microphones and balanced armature speakers for specialized applications.
- Consumer MEMS Microphones Segment: Produces micro-electro-mechanical systems (MEMS) microphones and audio solutions for a broad array of consumer electronics.
Recent achievements include the acquisition of Cornell Dubilier in 2023, which enhanced Knowles' offerings in high-quality film, electrolytic, and mica capacitors. Knowles' new EDLC modules feature supercapacitors that can handle higher operating voltages, providing significant energy storage solutions suitable for solar energy harvesting, AGVs, EV transportation, and numerous other applications.
Knowles Corporation continues to innovate by introducing disruptive technologies like the world's first miniature microphone and receiver for hearing aids back in 1954. Their products undergo rigorous testing to ensure dependable performance, making them a trusted choice for demanding environments. The company’s strong commitment to customer satisfaction, combined with proprietary manufacturing techniques and global operational expertise, enables it to deliver cutting-edge solutions across multiple industries.
Knowles Corporation (NYSE: KN) announced the upcoming release of its first quarter 2023 financial results, scheduled for April 27, 2023, after market close. Following the results, the company will hold a conference call at 3:30 p.m. Central time to discuss the financial outcomes and outlook. Investors can join via specified U.S. and international call numbers or through a webcast. A replay will be available after the call until May 5, 2023. Knowles is recognized as a leader in advanced audio solutions and capacitors, serving multiple markets including medtech and consumer electronics. The firm continues its commitment to innovation and diversification of revenue streams.
Knowles Corporation (NYSE: KN) has launched the V2S200D Digital Voice Vibration Sensor, designed to enhance voice call quality in noisy environments. This innovative sensor works alongside microphones to filter background noise and improve clarity during calls in public places like restaurants and airports. With its compact design, low power consumption, and high signal-to-noise ratio, the V2S200D is suitable for manufacturers looking to improve user experience in TWS earbuds and other audio devices. It is currently sampling with lead customers and expected to enter mass production later this year.
Knowles Corporation (NYSE: KN) reported its Q4 2022 results, achieving non-GAAP gross margins at the high end of expectations, despite continued weak consumer demand affecting its Consumer MEMS Microphone segment. Total revenues reached $197.1 million, down from $234.3 million in Q4 2021, with a gross profit of $75.3 million. Adjusted EBIT for Precision Devices rose by 29%, and MedTech & Specialty Audio increased by 10%. The company expects ongoing demand challenges in Q1 but anticipates improvements in Q2 and has extended its $400 million credit facility to 2028, highlighting a strong balance sheet.
Knowles Corporation (NYSE: KN) has scheduled its fourth quarter and full year 2022 financial results release for February 9, 2023, after market close. A subsequent conference call will take place at 3:30 p.m. Central time (4:30 p.m. Eastern time) on the same day to discuss the results and future outlook. Investors can join the call via specific numbers provided and will have access to a webcast replay later. This financial update is crucial for stakeholders as Knowles aims to reinforce its position in advanced micro-acoustic technologies and other markets.
Knowles Corporation (NYSE: KN) has launched a new series of SiSonic MEMS microphones—Titan, Falcon, and Robin—aimed at enhancing audio experiences in wearable technology. Designed for applications like True Wireless Stereo earbuds, smartwatches, and AR/VR devices, these microphones offer high performance with low power consumption. Titan consumes 60% less current than typical digital mics and features improved latency, while Falcon boosts SNR to 68.5dB. This innovation underscores Knowles' commitment to optimizing audio clarity and battery life for consumer electronics.
Knowles Corporation (NYSE: KN) has unveiled new solutions tailored for over-the-counter (OTC) hearing aids, including three balanced armature receivers and two MEMS microphones. This release comes in light of the FDA's regulations for OTC hearing aids, effective since October 17, 2022. These components aim to enhance sound quality, design flexibility, and manufacturing efficiency. Knowles' advanced technology is positioned to support the emerging OTC market, addressing the needs of millions with mild to moderate hearing loss while ensuring high-performance standards.
Knowles Corporation (NYSE: KN) has teamed up with Trillbit Inc. to enhance IoT device setup through the integration of Trillbit’s ‘Data Over Sound’ technology with Knowles' IA61x SmartMics.
This collaboration aims to simplify device authentication and commissioning, enabling a seamless setup for consumers. By facilitating one-touch setup and secure Wi-Fi credential transfers, this integration addresses common consumer pain points, improving satisfaction and reducing product returns.
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