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. (NASDAQ: UEIC), a leader in wireless control solutions, announced that Chief Financial Officer Bryan Hackworth will attend the Imperial Capital 2021 Security Investor Conference on December 15, 2021. He is scheduled to present at 2:45 PM ET and will conduct one-on-one meetings throughout the day. A live webcast of the presentation will be available on their website for 90 days. Founded in 1986, UEI designs and manufactures technology solutions for home entertainment and smart home devices, partnering with leading brands in various markets.
Universal Electronics Inc. (UEI) reported Q3 2021 financial results with GAAP net sales of $155.6 million, slightly up from $153.5 million in Q3 2020. The company faced macro-economic pressures, with third-quarter sales impacted by shipping delays and component shortages.
Despite these challenges, UEI achieved strong gross margins of 29.4%. For Q4 2021, GAAP net sales are projected between $143 million and $158 million, with expected EPS ranging from $0.10 to $0.25, down from $0.86 in Q4 2020.
Universal Electronics Inc. (NASDAQ: UEIC) will host a conference call on November 4, 2021, at 4:30 p.m. ET, to discuss its Q3 2021 earnings results. The call will provide a comprehensive financial and business update, with management answering questions from participants. U.S. callers can dial 877-843-0414 to access the call, while international participants should use 315-625-3071. The conference call will also be available live on the UEI website and for replay for one year.
Universal Electronics Inc. (NASDAQ: UEIC) and Ambient Photonics are collaborating to integrate groundbreaking low light energy harvesting technology into consumer devices, aiming to reduce battery costs and environmental impact by up to 90%. This partnership will enable self-powered devices, potentially revolutionizing the industry. By utilizing Ambient's high power density solar cells, UEI addresses battery-related challenges and enhances convenience for consumers. Further details will be revealed at CES 2022 in Las Vegas.
Universal Electronics Inc. (UEIC) partners with Atmosic Technologies to develop ultra-low power remote controls and smart home products harnessing energy from indoor ambient sources. Atmosic's technology significantly reduces power consumption, utilizing its Bluetooth 5 implementation that uses one-quarter the power of competitors. This collaboration aims to improve sustainability by reducing battery waste and enhancing user experience. UEI's commitment to sustainability complements Atmosic's innovative solutions to create energy-efficient products that can eliminate the need for batteries entirely.
Universal Electronics Inc. (UEIC) has begun supplying voice-enabled remote controls to Astro for its Ultra set-top box, which serves 74% of Malaysian households. Powered by UEI’s chip technology, the remote enhances user experience with automated setup and universal control via the QuickSet® platform. UEI has shipped over 100 million voice-enabled remotes since 2015. This collaboration strengthens UEI's market position in smart home technology, reflecting its commitment to innovation and established partnership with Astro.
Universal Electronics (UEIC), a leader in wireless control solutions for home entertainment, will participate in the Sidoti & Company Virtual Small Cap Conference on September 22-23, 2021. Chairman and CEO Paul Arling, along with CFO Bryan Hackworth, will present on September 23 at 3:15 PM ET and engage in one-on-one meetings. The company will provide supporting materials for attendees, accessible via their investor relations website. Founded in 1986, UEIC designs and manufactures advanced control technologies for various markets including video services and smart home devices.
Universal Electronics Inc. (UEIC) announced that Swiss operator Salt is one of the first to offer its voice-enabled Apple TV 4K remote control for Multichannel Video Program Distributors (MVPDs). Since June, Salt Home broadband customers receive this remote control with their Apple TV 4K subscription. Existing customers can purchase it in over 100 stores in Switzerland. The remote features advanced search with Siri, enhanced live TV controls, and universal compatibility with various devices. UEI emphasizes the successful partnership with Salt and looks forward to future collaborations.
Universal Electronics Inc. (UEIC) has partnered with Deutsche Telekom to launch a voice-enabled Apple TV 4K remote control tailored for Multichannel Video Program Distributors (MVPDs). This innovative remote enhances the user experience by providing advanced voice search via Siri and quick access to live TV features through its dedicated program guide. The remote utilizes Bluetooth Low Energy and Infrared technologies, ensuring universal control over multiple devices with an elegant design. This collaboration aims to improve television experiences and expand UEI's market presence.
Universal Electronics Inc. (NASDAQ: UEIC) reported Q2 2021 results showing net sales of $150.5 million, slightly down from $153.1 million in Q2 2020. Gross margins increased to 29.7% from 24.9%. Net income fell sharply to $5.6 million ($0.40 per share) compared to $14.4 million ($1.02 per share) last year. For Q3 2021, UEI expects net sales between $160 million and $170 million, and EPS to range from $0.61 to $0.71, reflecting growth potential despite prior semiconductor shortages affecting order fulfillment.
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