Welcome to our dedicated page for Universal Electrs news (Ticker: UEIC), a resource for investors and traders seeking the latest updates and insights on Universal Electrs stock.
About Universal Electronics Inc
Universal Electronics Inc (UEIC) is renowned for its advanced control and sensor technology solutions that empower smart home, audio video, and security industries worldwide. With a broad portfolio of patents and significant innovations in universal control systems, the company has established a reputation through its integrated approach to connecting and managing a diverse range of consumer devices. By focusing on the development and support of intelligent sensing technologies, UEIC provides comprehensive solutions that enhance the user experience across smart homes, streaming platforms, and entertainment systems.
Core Business Areas
At the forefront of its operations, Universal Electronics Inc is engaged in the design, development, manufacturing, and shipping of a wide variety of control systems and sensory devices. Its product range spans:
- Universal Control Systems that enable compatibility and seamless interaction across numerous entertainment viewing devices.
- Audio-Video Accessories used across home entertainment and subscription broadcasting markets.
- Wireless Security Solutions that support modern smart home and home automation environments.
- Smart Home Products integrating home automation, intelligent sensing, and security functionalities.
Industry Position and Market Significance
Universal Electronics Inc has carved out a competitive presence in a rapidly evolving market by continually prioritizing research and development. Its technology innovations have not only redefined home entertainment controls but have also paved the way for smarter, more integrated living environments. Operated from the United States, the company generates its revenue through designing and deploying systems that support major brands in the audio video, connected home, and security industries. This strategic positioning is reinforced by a network of global design and development services, which ensures that the company remains at the cutting edge of technological advancements and industry standards.
Technological Innovation and Expertise
The company prides itself on its robust portfolio of intellectual property, which underpins many industry-first innovations. UEIC leverages its deep technical expertise to create products that not only simplify complex consumer interfacing systems but also offer efficient and reliable performance. Emphasis on wireless connectivity, intelligent sensing, and streamlined control protocols reflects its deep-rooted commitment to enhancing both functionality and interoperability in smart devices.
Global Network and Quality Assurance
Operating with a global outlook, Universal Electronics Inc benefits from a widespread network of design and development professionals. This international collaboration enables the continuous improvement and adaptation of its products, ensuring they meet the varied demands of different markets. Quality assurance and adherence to stringent standards across its manufacturing processes underscore the company’s commitment to ensuring that each product delivered meets both customer expectations and rigorous industry benchmarks.
Comprehensive Solution Provider
By integrating its expertise in control systems with innovative sensor technology, Universal Electronics Inc demonstrates a holistic approach to smart home solutions. The company supports not only the technical installation of its products but also offers ongoing support for optimal performance. Its extensive product ecosystem is regularly updated to reflect the evolving needs of modern lifestyles, ensuring that consumers and commercial clients alike benefit from state-of-the-art technology.
Operational Excellence and Research-Driven Strategy
Over several decades, the company has leveraged a research-driven strategy to secure its place as a trusted technology partner in highly competitive markets. Its pioneering work in universal control and sensing technologies has been integral to transforming home entertainment experiences. This continuous pursuit of excellence is mirrored in its expansive portfolio and the commitment to developing practical, user-oriented solutions that efficiently address complex challenges in device interoperability and home automation.
Overall, Universal Electronics Inc stands as a comprehensive provider of control and sensor technology solutions that support a vast array of electronic devices. Its in-depth understanding of industry dynamics, commitment to innovation, and global presence make it a noteworthy entity in the technology sector, emphasizing the importance of connectivity and control in modern living spaces.
Universal Electronics Inc. (UEIC), the global leader in wireless universal control solutions, announced that CEO Paul Arling will retire on April 30, 2025. Arling will serve as a consultant until June 30, 2025, and remain on the board through his term ending at the 2025 Annual Meeting of Shareholders.
The company is conducting an extensive executive search, considering both internal and external candidates. Lead Independent Director Bill Mulligan credited Arling's nearly three-decade leadership for transforming UEI from a basic remote manufacturer to the global wireless device control leader. Arling's tenure saw the development of over 150 patents under his name.
The company has also confirmed its previously issued financial guidance for Q1 2025, as announced on February 20, 2025.
Universal Electronics (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, has announced its participation in the upcoming Sidoti Small-Cap Conference.
The company's Chairman and CEO Paul Arling and CFO Bryan Hackworth will attend the virtual conference on March 19-20, 2025. Management will deliver a presentation on March 20 at 12:15 PM PT/3:15 PM ET and will be available for one-on-one meetings during both conference days.
Investors and interested parties can access the presentation through a live webcast, which will remain available for replay for 90 days on the company's website at www.uei.com.
Universal Electronics Inc. (UEIC), the global leader in wireless control technology, has achieved a significant milestone by receiving a Gold Medal Sustainability Rating from EcoVadis, positioning the company in the top 5% of industry performers for sustainability.
The prestigious rating evaluates companies across four critical areas:
- Environment
- Labor & Human Rights
- Business Ethics
- Sustainable Procurement
Richard A. Firehammer, Jr., Sr. Vice President, General Counsel & Head of Global Compliance, emphasized that this recognition validates UEIC's commitment to sustainability and strengthens their position as a trusted partner for customers pursuing sustainability goals. The company specializes in creating innovative universal wireless control solutions for the home, focusing on user-centric design and secure, privacy-first approaches to smart device development.
Universal Electronics (NASDAQ: UEIC) reported Q4 2024 financial results with GAAP net sales of $110.5 million, up 13% from $97.6 million in Q4 2023. The company posted a GAAP net loss of $4.5 million ($0.35 per share) compared to $7.1 million loss ($0.55 per share) in the prior year quarter.
For full-year 2024, GAAP net sales were $394.9 million, down from $420.5 million in 2023. The company reported a GAAP net loss of $24.0 million ($1.85 per share) versus $98.2 million loss ($7.64 per share) in 2023.
For Q1 2025, UEIC expects GAAP net sales between $87.0-97.0 million and GAAP loss per share of $0.52-0.42. The company highlighted strong performance at CES 2025 and reiterated projections for top and bottom-line growth for full-year 2025.
Universal Electronics (UEIC) has announced a strategic collaboration with Somfy, a leader in window and door automation, to develop innovative wireless remote control and sensor products. The partnership introduces two main product lines: the Ysia® Zigbee range of remote controls for motorized interior window coverings, and the Sunteis io sensor for thermal comfort optimization.
The Ysia® remote controls feature multiple models with push button, wheel, and rocker keys, offering LED feedback, a MY button for saving positions, and wall bracket options. The Sunteis io sensor measures outdoor temperature and sun radiation to manage solar energy efficiency, powered by a PV cell with backup battery.
The collaboration aims to enhance comfort, convenience, and energy efficiency in smart home automation while maintaining sustainability standards. The products have already received two design awards in 2024.
Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless universal control solutions for home entertainment and smart home devices, has announced its upcoming fourth quarter 2024 financial results conference call. The call is scheduled for February 20, 2025, at 4:30 p.m. ET. Management will present financial and business updates and conduct a Q&A session. The conference call will be accessible through registration and will also be broadcast live on www.uei.com, where it will remain available for replay for 90 days.
Universal Electronics Inc. (UEIC) has announced the expansion of its QuickSet Widget family with the new QuickSet Widget Pro line-up, featuring the UE72Y and UE72X models. The enhanced product line introduces advanced multi-protocol connectivity including dual-band Wi-Fi 6, Bluetooth 5.3, and support for Matter, Zigbee, and OpenThread Border Router Host services.
The UE72Y model stands out with its high-performance processor capable of Edge AI processing and video stream decoding. The system features advanced security measures including secure boot, encrypted communication, and hardware-based security modules. The product line is pre-integrated with QuickSet 7 and QuickSet homeSense, supporting Matter Controller Multi-Admin capability.
The technology integrates with UEI's QuickSet Cloud and nevo.ai, offering AI-powered support through a virtual agent for real-time device assistance, troubleshooting, and feature discovery. The product will be showcased at CES 2025 at the Venetian Expo, Booth #53023.
Universal Electronics Inc. (UEI) has announced expanded features for its QuickSet 7 SDK and QuickSet Cloud services, to be showcased at CES in January. The platform supports a multi-protocol approach, ensuring seamless integration and control of various smart home devices. QuickSet 7 now includes new capabilities such as OpenThread Border Router Host services, Matter Controller upgrades, and Zigbee Coordinator services.
QuickSet Cloud integrates with QuickSet 7, offering AI-powered device fingerprinting and discovery, trained on a proprietary device knowledge graph. This enhances the platform's ability to manage smart home devices, providing a comprehensive framework for discovery, control, and personalization.
Key highlights include:
- Multi-Protocol Support: Supports Wi-Fi, Zigbee, Bluetooth, Thread, and Infrared.
- Device Knowledge Graph: Includes over 25 million unique fingerprints from nearly 1 million devices.
- Control Engines: Enables on-device discovery and control through various protocols.
- Interoperability as a Service: Ensures compatibility with existing smart home platforms.
- Edge Intelligence with Cloud Scalability: Provides secure cloud communications and remote access.
- Intelligent Video & Audio Content Personalization: Offers targeted recommendations based on user habits.
These updates aim to set new standards for home automation and smart home technology.
Universal Electronics (UEIC) has announced an expansion of its UEI TIDE family portfolio, introducing enhanced features for smart home climate control and energy management. The expanded lineup includes UEI TIDE Dial, Touch, and Bridge models with new Zigbee Coordinator functionality and Matter support.
Key improvements include managed network formation, device integration capabilities, enhanced energy management, actionable energy insights, and QuickSet® homeSense occupancy detection technology. The system can now manage both central and space heating/AC systems through IR support, while featuring nevo®.ai for AI-powered support.
UEIC also previewed its next-generation UEI TIDE PRO platform, which will feature a larger display, on-device AI processing, Thread support, and QuickSet 7 with Matter Controller capabilities. The company will showcase these innovations at CES in Las Vegas, January 7-10, 2025, at the Venetian Expo, Booth #53023.
Universal Electronics Inc. (UEIC) announces the launch of QuickSet homeSense technology at CES. This innovative solution, part of QuickSet 7 SDK, adds on-device intelligence to smart homes by learning from connected devices and adapting to user behavior. The technology features automated energy management, personalized HVAC settings, and app-less occupancy detection.
QuickSet homeSense operates with privacy-first design, enabling occupancy and presence detection to automate home settings without requiring mobile apps. The system can adjust temperature preferences, manage energy usage, and control various smart devices based on real-time data and user habits. It's available as a software-only solution or pre-integrated with QuickSet Widget Wireless Module Family and UEI TIDE Smart Climate Control Family.
FAQ
What is the current stock price of Universal Electrs (UEIC)?
What is the market cap of Universal Electrs (UEIC)?
What are the primary business areas of Universal Electronics Inc?
How does Universal Electronics Inc generate its revenue?
What distinguishes Universal Electronics Inc in the smart home industry?
Who typically uses the products of Universal Electronics Inc?
How does the company maintain its competitive edge?
What role do patents play in Universal Electronics Inc's strategy?
