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) announced an industry-first Z-Wave Long Range Garage Door Controller at the ISC West conference in Las Vegas. This innovative product, branded under its subsidiary Ecolink, boasts a range of up to 2,200 feet from Z-Wave security panels, enhancing smart home connectivity. Key features include compatibility with various Z-Wave series, easy DIY installation, and smartphone control. Set to ship in late Q1, it aims to improve security technology for consumers. The company has over 30 years of experience in wireless control solutions.
Universal Electronics Inc. (NASDAQ: UEIC) will participate in the Sidoti & Company Small Cap Virtual Conference on March 23-24, 2022. CEO Paul Arling and CFO Bryan Hackworth are scheduled to present at 2:30 p.m. ET on March 23 and will hold one-on-one meetings on both conference days. A live webcast of the presentation will be available and can be replayed for 90 days. Universal Electronics is a leader in wireless control solutions for home entertainment and smart home devices, serving major brands in various markets.
Universal Electronics Inc. (UEIC) is partnering with Ambient Photonics to showcase their innovative low-light energy harvesting solar cells for IoT devices. Ambient's technology, recognized as a finalist at the SXSW Innovation Awards, aims to eliminate disposable batteries, enhancing sustainability in connected devices. UEI's new ETERNA Platform remote will incorporate Ambient's solar cells, reducing the need for battery replacements and lowering CO2 emissions. The awards ceremony will occur on March 14, 2022, during the SXSW Conference.
Universal Electronics Inc. (UEI) reported a challenging financial performance for Q4 and the full year 2021, with GAAP net sales declining to $144.9 million from $156.3 million year-over-year. Operating losses reached $3.3 million compared to a $12.5 million profit in 2020. The company forecasts Q1 2022 GAAP net sales between $135 million and $145 million, down from $150.5 million in Q1 2021, alongside anticipated earnings per diluted share ranging from ($0.05) to $0.05. UEI remains committed to innovation, projecting long-term growth targets of 5% to 10% in sales and 10% to 20% in EPS.
Universal Electronics Inc. (NASDAQ: UEIC) will hold a conference call on February 17, 2022, at 4:30 p.m. ET to discuss its Q4 2021 and full year earnings results. The management team will provide key financial updates and address questions from participants. Interested parties can access the call by dialing 877-843-0414 in the U.S. or 315-625-3071 internationally, or via the UEI investor website. A replay will be available for one year on the website.
Universal Electronics Inc. (UEIC) announces the launch of the Nevo® Butler, a hands-free, voice-enabled entertainment and smart home hub in partnership with Vodafone Portugal. This innovative device integrates with Vodafone's infrastructure, enhancing user experience by allowing customers to control connected devices and access entertainment services via voice commands. Nevo Butler supports various ecosystems and aims to expand the functionality of Vodafone's existing voice assistant, driving customer engagement and satisfaction.
Universal Electronics Inc. (NASDAQ: UEIC) launched its new QuickSet®-certified connectivity silicon products at CES 2022 in Las Vegas. These Extreme Low-Power SOCs enhance user experience through increased processing power and energy efficiency. Benefits include up to 2.5 times more processing power, 80% lower power consumption, and integrated energy harvesting capabilities. UEI aims to reduce battery waste and CO2 footprint while ensuring robust security features like ARM TrustZone. The initial offerings include UE961 and UE962, with a multi-protocol version to follow.
Universal Electronics Inc. (NASDAQ: UEIC) will showcase its latest innovations in wireless control solutions for home entertainment and smart home devices at CES 2022 in Las Vegas, January 5–8. Key features include QuickSet 5.0 enhancements, the Nevo Butler hub, and sustainable solutions like the Extreme Low Power (XLP) connectivity SOCs, which consume 80% less battery power. UEI emphasizes interoperability and user experience improvements across its product line, including smart thermostats and advanced remote controls.
Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless control solutions for entertainment and smart home devices, announced that its CEO, Paul Arling, and CFO, Bryan Hackworth, will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. They are scheduled to present on January 13, 2022, at 4:15 p.m. ET, and will host one-on-one meetings from January 11-13, 2022. A live webcast of the presentation will be available for 90 days at www.uei.com.
Universal Electronics Inc. (NASDAQ: UEIC) has achieved a significant victory in its patent infringement case against Roku, Inc. The U.S. International Trade Commission (ITC) has determined that several Roku products infringe on UEI’s patent, leading to a ban on the importation and sale of these products effective January 9, 2022. The ITC found substantial evidence of infringement regarding six claims of UEI’s U.S. Patent No. 10,593,196. UEI plans to work with U.S. Customs and Border Protection to enforce this ban and continues litigation against Roku in federal court.
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