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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), 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.
Universal Electronics Inc. (UEIC) announced at the AHR Expo in Atlanta that its Smart Thermostat Platform is now Matter and Zigbee compatible. This platform, featuring the UEI TIDE Dial, TIDE Touch, and TIDE Bridge, offers enhanced connectivity and automation capabilities for HVAC systems. It supports advanced features like remote management, energy-saving automation, and integration with various smart home devices. UEI's commitment to innovation in climate control solutions aims to provide superior user experiences while maximizing energy efficiency, paving the way for substantial growth in the HVAC market.
Universal Electronics Inc. (UEIC) will hold a conference call on February 16, 2023, at 4:30 p.m. ET to discuss its fourth quarter and full year 2022 financial results. This call will include a financial and business update, along with a Q&A session. Interested participants can register here. The call will also be broadcast live on www.uei.com and available for replay for 90 days.
Universal Electronics (NASDAQ: UEIC) announces participation at the 25th Annual Needham Growth Conference from January 10-12, 2023. CEO Paul Arling and CFO Bryan Hackworth will present on January 12 at 3:45 p.m. ET, followed by virtual one-on-one meetings. A live webcast of the presentation will be available for 90 days on their website. As a global leader in wireless control solutions for smart home devices, UEI partners with major brands like Comcast, Samsung, and Sony, offering innovative technologies including voice control and QuickSet cloud solutions.
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