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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 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.
Universal Electronics Inc. (UEI) will host a conference call on August 5, 2021, at 4:30 p.m. ET to discuss its Q2 2021 earnings results. Management will provide updates on financial performance and business developments, alongside a Q&A session. Investors can access the call by dialing 877-843-0414 in the U.S. or 315-625-3071 internationally, starting 15 minutes before the call. The conference call will also be streamed live on the investor section of the UEI website and available for replay for one year.
Universal Electronics Inc. (UEIC) has begun shipping voice-enabled remote controls to Claro Colombia, the country's largest telecommunications provider. These Android TV remotes leverage UEI’s chip technology, featuring Bluetooth Low Energy and Infrared capabilities. They support automated setup and universal control for various devices through UEI’s QuickSet® platform. This partnership aims to enhance customer experience by enabling seamless content search via voice recognition on the Claro platform, along with quick access to popular streaming services. UEI continues to lead in innovative control solutions.
Universal Electronics (UEIC) has announced participation in the virtual Baird 2021 Global Consumer, Technology and Services Conference on June 9-10, 2021. Chairman and CEO Paul Arling and CFO Bryan Hackworth will present at 2:35 PM ET on June 9. They will also conduct one-on-one meetings during the event. Supporting materials from management will be available on their investor relations website. Established in 1986, Universal Electronics is a leader in wireless universal control solutions for home entertainment and smart home devices.
Universal Electronics Inc. (NASDAQ: UEIC) announced that its Chairman and CEO, Paul Arling, along with Senior VP and CFO, Bryan Hackworth, will attend the 16th Annual Needham Virtual Technology and Media Conference from May 17-20, 2021. Management will conduct one-on-one meetings on May 18 and 19, with a presentation scheduled for 12:45 PM ET on May 19. Webcasting of the presentation will be available live and on replay for 90 days on their investor relations site.
Universal Electronics Inc. (UEI) reported Q1 2021 financial results with GAAP net sales of $150.5 million, slightly down from $151.8 million in Q1 2020. Gross margins improved to 30.8% versus 28.3% year-over-year. Net income rose to $7.0 million or $0.49 per diluted share, compared to $5.8 million or $0.41 a year earlier. For Q2 2021, UEI anticipates GAAP net sales between $153 million and $163 million, with EPS expected between $0.44 and $0.54. Long-term growth targets remain at 5%-10% sales growth and 10%-20% EPS growth.
Universal Electronics Inc. (UEI) will host a conference call on May 6, 2021, at 4:30 p.m. ET to discuss its Q1 2021 earnings results. The call aims to provide a comprehensive financial and business update while addressing investor queries. Interested participants can join by dialing the appropriate numbers for U.S. or international access, with a conference ID of 9779890. The event will also be broadcast live on the company's investor website and will remain available for replay for one year.
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