Welcome to our dedicated page for Universal Electronics news (Ticker: UEIC), a resource for investors and traders seeking the latest updates and insights on Universal Electronics stock.
Universal Electronics Inc. (NASDAQ: UEIC) is a leading innovator in universal control and sensing technologies tailored for the smart home ecosystem. With a robust portfolio of over 300 pending and current patents, UEIC boasts the world's most comprehensive database for connecting and controlling thousands of entertainment viewing devices.
Founded over 25 years ago, the company's mission has always been to revolutionize home entertainment and automation. UEIC designs, develops, manufactures, and ships an impressive variety of more than 500 innovative products. These products are integral to the offerings of top global brands in sectors such as audio-video, subscription broadcasting, connected home, and smart devices like tablets and smartphones.
Beyond entertainment, UEIC has expanded its technological reach. In 2015, the company broadened its platform to include advancements in home automation, intelligent sensing, and security solutions. This forward-thinking approach ensures that UEIC remains at the forefront of the rapidly evolving home technology industry.
One of UEIC's significant strengths is its extensive global network of design and development services. This network enables continuous innovation and improvement of their product lines, cementing the company's reputation as an industry leader. Financially, the majority of UEIC's revenue is generated in the United States, reflecting its strong domestic presence and market trust.
In recent developments, UEIC has embarked on several new projects aimed at enhancing smart home capabilities. These initiatives include advanced climate control systems and next-generation AV accessories, designed to provide consumers with unparalleled control and convenience in their home environments.
UEIC's commitment to innovation and quality has transformed home entertainment and automation technologies, offering consumers seamless, integrated experiences that enhance their everyday lives.
Universal Electronics Inc. (UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, has announced its upcoming second quarter 2024 financial results conference call. The call is scheduled for Thursday, August 8, 2024, at 4:30 p.m. ET. During the call, management will provide a financial and business update and answer questions from participants.
Interested parties can register for the call to receive a dial-in number and unique pin. Additionally, the conference call will be broadcast live on the company's website (www.uei.com), where it will remain available for replay for 90 days.
Universal Electronics Inc. (UEI) reported financial results for the first quarter of 2024, highlighting a shift to climate control and home automation channels, numerous customer wins, and increased gross margins. Despite a decrease in net sales, the company remains optimistic about future growth and profitability. The company reported GAAP net sales of $91.9 million, GAAP gross margins of 28.3%, and a GAAP net loss of $8.6 million for the quarter. UEI's outlook for the second quarter of 2024 expects a range in net sales and a GAAP loss per share. Adjusted Non-GAAP financial metrics were also provided for comparison.
Universal Electronics Inc. (UEI) unveiled its inaugural Sustainability Report, outlining its commitment to environmental, social, and governance standards. The report emphasizes UEI's progress, sustainability goals, and climate scenario analysis. UEI aims to create a sustainable future through responsible practices built on four core pillars: employees, products, communities, and the planet.
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