Ubiquiti Inc - UI STOCK NEWS

Ubiquiti Inc. (NYSE: UI) reported strong first quarter fiscal 2025 results with record revenues of $550.3 million, up 18.8% year-over-year. The company achieved GAAP diluted EPS of $2.12 and non-GAAP diluted EPS of $2.14. Enterprise Technology revenue grew to $470.2 million, while Service Provider Technology revenue was $80.2 million. Gross profit margin improved to 42.1%, up from 39.7% in the prior year. The Board declared a $0.60 per share cash dividend payable on November 25, 2024. Notable regional performance included North America revenue of $271.2 million and Europe, Middle East and Africa revenue of $204.9 million.

HyperLight , a provider of thin film lithium niobate (TFLN) photonic integrated circuits (PICs), has secured a $37 million Series B investment led by Summit Partners. The funding round includes participation from existing investors Xora Innovation and Foothill Ventures. Peter Chung, Managing Director and CEO of Summit Partners, will join HyperLight's Board of Directors.

HyperLight's TFLN PICs offer superior bandwidth and energy efficiency for AI/data center infrastructure, telecommunications optical networks, and high-performance computing. The company has delivered industrial-scale TFLN PICs with a trusted supply chain since its founding in 2018.

The new financing will enable HyperLight to accelerate product development and meet growing customer demand. The investment is expected to enhance the company's ability to serve as a trusted innovation partner in the photonics industry.

Ubiquiti Inc. (NYSE: UI) reported record revenues of $507.5 million for Q4 fiscal 2024, a 3.3% increase year-over-year. GAAP diluted EPS was $1.72, while non-GAAP diluted EPS reached $1.74. For the full fiscal year 2024, revenues were $1.9 billion with GAAP diluted EPS of $5.79.

The company's Enterprise Technology segment drove growth, while Service Provider Technology revenues decreased. Gross margin improved to 40.2% in Q4, up from 35.3% in Q3, primarily due to lower inventory charges and favorable product mix. The Board declared a $0.60 per share dividend payable on September 9, 2024.

R&D expenses increased to $44.1 million in Q4, while SG&A expenses rose to $21.7 million. Interest expense decreased compared to the previous quarter and year-ago period.

Ubiquiti Inc. (NYSE: UI) reported revenues of $493.0 million and GAAP diluted EPS of $1.26 in the third quarter fiscal 2024. The company's Board declared a $0.60 per share cash dividend. Revenues increased by 6.0% from the prior quarter and 7.7% from the prior year. GAAP gross margin decreased to 35.3%. R&D expenses and SG&A expenses increased. GAAP net income was $76.3 million, with non-GAAP net income at $77.6 million. GAAP earnings per diluted share was $1.26, while non-GAAP earnings per diluted share were $1.28.

Ubiquiti Inc. (UI) announces second-quarter fiscal 2024 financial results with revenues of $465.0 million and GAAP diluted EPS of $1.36. The company also declared a $0.60 per share cash dividend. Revenues increased by 0.4% from the prior quarter but decreased by 5.8% compared to the same period last year. Gross margin decreased to 38.2%, driven by higher product-related costs and shipping costs. R&D expenses increased to $36.9 million, while SG&A expenses rose to $19.6 million. GAAP net income was $82.1 million, and non-GAAP net income was $83.3 million, both showing a decrease from the prior year period.

Ubiquiti Inc. (NYSE: UI) introduces UniFi 7, a Wi-Fi 7 solution designed for professional and enterprise deployments. The U7 Pro offers breakthrough Wi-Fi technology, delivering wired-like user experiences at a price of $189 MSRP. It is capable of providing flawless Wi-Fi service in demanding large-scale environments, utilizing interference-resilient radio technologies and newly supported 6 GHz spectrum. UniFi 7 aims to deliver industry-leading performance and simple management at a low total cost of ownership for organizations.

Ubiquiti Inc. (NYSE: UI) reported first-quarter fiscal 2024 financial results with revenues of $463.1 million, a decrease of 5.7% from the previous quarter and 7.0% from the same period last year. The company's gross profit margin was 39.7%, a decrease of 1.7% from the previous quarter but an increase of 5.3% from the same period last year. The GAAP diluted earnings per share were $1.45.

Ubiquiti Inc. announces Q4 and full year fiscal 2023 financial results. Revenues of $491.1 million, representing a 7.3% increase from the prior quarter and a 10.8% increase from the comparable prior year period. GAAP diluted EPS of $1.72. The Company's Board declares a $0.60 per share cash dividend payable on September 11, 2023.