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 (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.
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