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.
Universal Electronics Inc (UEIC) provides cutting-edge control systems and sensor technologies powering smart home ecosystems and consumer electronics worldwide. This news hub offers investors and industry professionals direct access to official announcements and strategic updates from the connected home technology leader.
Key resources include: Quarterly earnings insights, product innovation releases, partnership developments, and patent filings. Track UEIC's advancements in universal remote controls, wireless security solutions, and IoT integration across home automation markets.
Why monitor this page: Stay informed about UEIC's market positioning through verified financial disclosures and technology milestones. Discover how their intellectual property portfolio shapes industry standards in device connectivity and intelligent sensing.
Bookmark this page for real-time updates on UEIC's global operations, R&D breakthroughs, and collaborations with major AV manufacturers. All content sourced from official channels to ensure reliability for investment research and competitive analysis.
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.
Universal Electronics (UEIC) has announced its participation in CES 2025, where it will showcase several innovative smart home control solutions. Key highlights include QuickSet 7 with homeSense Technology for personalized home intelligence, the expanded QuickSet Widget family featuring new UE72Y and UE72X models with advanced connectivity, and updates to QuickSet Cloud & nevo.ai for AI-powered device management.
The company will also present UEI TIDE Climate Control with enhanced features for AC/heating systems, and the UEI Eterna sustainable remote family, including the new battery-free XLR remote control. These innovations focus on making smart homes more intuitive while maintaining user privacy and efficiency.
Universal Electronics (UEIC) reported its Q3 2024 financial results. Net sales reached $102.1 million, compared to $107.1 million in Q3 2023. GAAP gross margins improved to 30.1% from 19.1%. GAAP net loss was $2.7 million ($0.20 per share), a significant improvement from a $19.4 million loss ($1.50 per share) in the prior year. Adjusted Non-GAAP net income was $1.4 million ($0.10 per share), compared to a loss of $0.7 million ($0.05 per share) in Q3 2023.
For the first nine months of 2024, net sales were $284.4 million, down from $322.9 million in 2023. GAAP gross margins increased to 29.1% from 21.6%. GAAP net loss decreased to $19.5 million ($1.51 per share) from $91.1 million ($7.10 per share) in the same period last year.
UEI forecasts Q4 2024 GAAP net sales between $99.0 million and $109.0 million, with an expected GAAP loss per share ranging from $0.27 to $0.17. Adjusted Non-GAAP earnings per share are projected between $0.10 and $0.20.
Universal Electronics Inc. (UEIC), a leader in wireless universal control solutions, has scheduled its Q3 2024 financial results conference call for November 7, 2024, at 4:30 p.m. ET. During the call, management will discuss financial results, provide business updates, and conduct a Q&A session. Interested participants must register to receive dial-in details. The call will be broadcast live and available for 90-day replay on www.uei.com.
Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, has announced its participation in the Sidoti Small-Cap Conference on September 18-19, 2024. Key details include:
- Chairman and CEO Paul Arling and CFO Bryan Hackworth will attend virtually
- Management presentation scheduled for September 18, 2024, at 12:15 PM PT/ 3:15 PM ET
- Virtual one-on-one meetings will be hosted on both days
- A live webcast of the presentation will be available, with a 90-day replay option at www.uei.com
This event provides an opportunity for investors to gain insights into UEI's business strategies and financial performance.
Universal Electronics Inc. (UEI) (NASDAQ: UEIC) has successfully completed the Responsible Business Alliance (RBA) Validated Assessment Program (VAP) audit at its Vietnam facility. The audit demonstrates UEI's high level of compliance with the RBA Code of Conduct, highlighting the company's commitment to ethical and responsible business practices.
Key aspects of the audit included effective health and safety initiatives (ISO-45001 certified), environmental KPI monitoring (ISO-14001 certified), and robust governance. UEI's CEO, Paul Arling, expressed pride in the accomplishment and commitment to continuous improvement in ethics and sustainability standards.
Universal Electronics (NASDAQ: UEIC) reported Q2 2024 financial results. GAAP net sales were $90.5M, down from $107.4M in Q2 2023. GAAP gross margin increased to 28.7%, from 22.9%. GAAP net loss was $8.2M, or $0.63 per share, compared to $10.4M, or $0.81 per share. For H1 2024, GAAP net sales were $182.4M, down from $215.8M in H1 2023. GAAP net loss was $16.8M, or $1.30 per share, compared to $71.8M, or $5.61 per share.
Q3 2024 guidance projects GAAP net sales between $98M-$108M, and GAAP loss per share between $0.33-$0.23. Adjusted Non-GAAP earnings per share is expected to range from $0.01-$0.11.
Key points included higher margins due to optimized manufacturing, strong product pipeline, and recent design wins. The company repurchased 27,000 shares for $0.3M and held $23.1M in cash and equivalents at the end of Q2 2024.
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.
