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), a leader in wireless control solutions, will hold a conference call on May 4, 2023, at 4:30 p.m. ET to discuss its first quarter 2023 financial results. The call aims to provide insights into financial performance and business updates, along with a Q&A session for participants. Interested parties can register here. The call will also be available for replay on the company’s website for 90 days. UEIC has over 35 years of experience in developing hardware and software solutions for home entertainment and smart home devices, partnering with several Fortune 500 companies.
Universal Electronics (NASDAQ: UEIC) announced that its Chairman and CEO Paul Arling, along with CFO Bryan Hackworth, will attend the Sidoti Small-Cap Conference virtually on March 22-23, 2023. The management presentation is scheduled for March 22 at 1:00 PM PT / 4:00 PM ET, with one-on-one virtual meetings available both days. A live webcast of the presentation will be accessible for 90 days at www.uei.com. Universal Electronics is a leader in wireless control solutions for home entertainment and smart devices, partnering with major firms like Comcast and Samsung.
Universal Electronics Inc. (UEIC) reported Q4 and full-year 2022 financial results amid challenging macroeconomic conditions. Q4 GAAP net sales were $122.8 million, down from $144.9 million in 2021, while net loss increased to $6.9 million ($0.54/share). For 2022, GAAP net sales totaled $542.8 million, a decline from $601.6 million in 2021, with a net income of $0.4 million ($0.03/share). The company expects Q1 2023 GAAP net sales between $100 million and $110 million, down from $132.4 million in 2022, reflecting anticipated challenges. UEIC's strategic focus on new markets, like climate control and home automation, which accounted for over 25% of sales, aims to drive future growth.
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