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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) unveiled two new voice remotes at the 2022 RDK Tech Summit, enhancing their offerings in the broadband and pay-TV sectors. These remotes integrate seamlessly with the RDK platform, which is supported by over 30 operators globally. UEI has shipped over 75 million RDK remote controls, solidifying its market leadership. The new designs, named UEI Tatlow and UEI Logan, aim to meet operator needs by providing features like voice control and universal compatibility. UEI is committed to simplifying integration for RDK operators, ensuring faster product launches.
Universal Electronics (UEI) has partnered with Finland-based DNA to introduce the award-winning KITA Android TV remote control. This remote, recognized with a prestigious RedDot award, features Bluetooth Smart and Infrared connectivity, voice control, and a backlit keypad. Designed for sustainability, it requires minimal charging, potentially reducing disposable battery use. DNA, which has over 4 million subscribers, aims to enhance customer experiences with the KITA remote, aligning with its focus on environmentally-friendly technology. UEI continues to innovate in smart home and entertainment solutions.
Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless control solutions for home entertainment, will present at the B. Riley 22nd Annual Institutional Investor Conference on May 25-26, 2022. CEO Paul Arling and CFO Bryan Hackworth are scheduled for a fireside chat at 1:40 PT / 4:40 ET on May 25. The presentation will be available via live webcast and for replay for 90 days on www.uei.com. UEI partners with major companies like Comcast and Samsung, providing innovative control solutions for smart home devices.
Universal Electronics Inc. (UEIC) reported a net loss of $2.9 million for Q1 2022, down from a net income of $7.0 million in Q1 2021. Sales decreased by 12% to $132.4 million, with GAAP gross margins falling to 27.4% from 30.8%. The company expects Q2 sales between $133 million and $143 million, a decline from $150.5 million in the prior year. Despite supply chain challenges, UEI anticipates improved demand for HVAC and home automation products, projecting the second half of 2022 to be their strongest since 2019.
Universal Electronics Inc. (UEIC) will host a conference call on May 5, 2022, at 4:30 p.m. ET to discuss its first quarter 2022 earnings results. The management will provide a financial and business update during the call, which can be accessed in the U.S. at 877-843-0414 and internationally at 315-625-3071. A live broadcast will also be available on the UEI website. Replays will be accessible via telephone for two business days following the call. For more information, visit www.uei.com.
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.
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