Welcome to our dedicated page for KNOWLES CORPORATION news (Ticker: KN), a resource for investors and traders seeking the latest updates and insights on KNOWLES CORPORATION stock.
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) has launched the AISonic™ IA8201 Raspberry Pi Development Kit, designed to streamline voice and audio functionality in various applications across multiple industries. This comprehensive kit allows OEM/ODM engineers to quickly prototype and test voice and machine learning capabilities, thereby reducing development costs. The IA8201 Audio Edge Processor is a key component, promoting ultra-low power usage and high-performance audio processing. A Parks Associates survey indicates a growing consumer demand for voice-controlled devices, creating a substantial market opportunity for Knowles.
Knowles Corporation (NYSE: KN) has launched its AI-enabled True Wireless Stereo (TWS) Development Platform to streamline product development for OEMs. This platform includes a fully operational TWS development kit with pre-tuned earbuds featuring Knowles SiSonic™ MEMS Microphone Arrays and various speaker drivers. The kit facilitates advanced features like Active Noise Cancellation and voice command integration, enabling faster time-to-market. This move underscores Knowles' position in the expanding TWS market, projected to grow significantly across all price segments.
Knowles Corporation (NYSE: KN) reported strong Q2 2021 results, with revenues of $199.8 million, up 43% year-over-year. Non-GAAP gross margins reached 42.4%, exceeding guidance, while diluted EPS rose to $0.18. Key growth drivers included a doubling of Hearing Health sales and increased demand for MEMS microphones. Precision Devices achieved record revenues, aided by a medtech market recovery and a new acquisition. For Q3 2021, Knowles expects a 13% sales increase year-over-year, highlighting strong market positions and operational leverage for continued growth.
Knowles Corporation (NYSE: KN) will release its second quarter 2021 financial results on July 28, 2021, after market close. Following the announcement, a conference call will be held at 3:15 p.m. Central time (4:15 p.m. Eastern time) to discuss these results. Interested analysts and investors can join the call by dialing the specified numbers or via a webcast available on the Knowles investor website. The company's focus on advanced micro-acoustic microphones and audio solutions positions it in various high-growth markets, emphasizing innovation and customer experience.
Knowles Corporation (NYSE: KN) announced a significant legal victory as ITC Judge Charles E. Bullock found Shenzhen Bellsing Acoustic Technology misappropriated its trade secrets. The 129-page ruling recommended a 26-year exclusion order preventing Bellsing from importing devices using Knowles' technology, including hearing aids and headsets. Additionally, a cease and desist order was suggested against Bellsing and its founder. Knowles' CEO emphasized their commitment to protecting intellectual property, highlighting the company’s extensive R&D investments.
Knowles Corporation (NYSE: KN) has launched the AISonic™ White Goods Standard Solution, streamlining voice integration for smart appliances. This development kit allows OEMs and ODMs to easily incorporate voice control and speech recognition into devices like refrigerators and ovens. Built on the AISonic Audio Edge Processor IA8201, it supports multiple voice assistants and promotes a richer user experience. The smart appliance market is rapidly growing, with an expected shipment of 66M voice processors by 2024, showcasing a significant CAGR of 55% from 2019 to 2024.
Knowles Corporation (NYSE: KN) reported Q1 2021 revenues of $201 million, exceeding guidance. The gross profit margin improved to 38.8%. Strong demand for MEMS microphones and recovery trends in Hearing Health drove audio revenues, while Precision Devices met expectations. For Q2 2021, the company anticipates a 28% sales increase year-over-year, supported by record bookings in Precision Devices. Knowles aims for strong earnings growth in 2021, bolstered by increased revenues and operating expense control.
Knowles Corporation (NYSE: KN) will announce its first quarter 2021 financial results on April 22, 2021, following market closure. A conference call is scheduled for 3:30 p.m. Central time (4:30 p.m. Eastern time) to discuss the results. Interested analysts and investors can join the call using specific dial-in numbers and conference ID. A replay of the call will be available afterward through various platforms. Knowles is a leader in advanced audio solutions, serving multiple sectors, including consumer electronics and industrial markets.
Knowles Corporation (NYSE: KN) has launched two new SiSonicTM MEMS microphones, SPH1878 and SPH9855, aimed at the automotive sector. These microphones cater to hands-free calling, voice assistance, and in-cabin noise cancellation, addressing rising automotive demands. Complying with AEC-Q100/103 standards, they promise high performance and reliability in harsh environments. Knowles emphasizes its commitment to the automotive market, backed by proprietary designs and scalable manufacturing capabilities. The microphones will soon be available for production.
Libre Wireless Technologies has formed a strategic alliance with Knowles Corporation to enhance their MAVID platforms. These platforms, designed for voice and AI applications, feature low-power, miniature solutions compatible with a variety of smart products. The collaboration aims to streamline the integration of voice control technologies into devices, thus shortening product development cycles. MAVID Voice offers a low-cost, local voice interface without needing a network, while MAVID 3M supports voice control for third-party devices. This partnership positions both firms to meet the rising demand for voice-activated innovations.
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