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Ubiquiti Inc. (symbol: UI) is a pioneering communications technology company founded in 2005. The company is renowned for designing and manufacturing cutting-edge technology platforms tailored for emerging markets, which facilitate profitable business models and promote ubiquitous connectivity. Ubiquiti’s core technology platforms include airMAX, UniFi, and airVision, each known for delivering exceptional user experiences combined with industry-leading performance at disruptive price points.
Ubiquiti Inc. primarily operates in two categories: Service Provider Technology and Enterprise Technology. The company generates the majority of its revenue from its Enterprise Technology segment, which caters to small Internet service providers and small- to mid-sized business integrators. Ubiquiti’s products are recognized for their reliability, innovation, and cost efficiency.
The geographical revenue distribution of Ubiquiti Inc. is diverse, with a substantial portion of its revenue coming from North America. Additionally, the company has a strong presence in regions such as Europe, the Middle East and Africa (EMEA), the Asia Pacific, and South America.
Recently, Ubiquiti has been making significant strides in the industry with various projects and partnerships aimed at expanding its market reach and enhancing its technological offerings. The company continues to focus on developing solutions that meet the evolving needs of its customers, ensuring seamless connectivity and superior network performance.
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. (NYSE: UI) reported second quarter fiscal 2023 results with revenues of $493.6 million, marking a 0.9% decrease from the previous quarter yet a 14.4% increase year-over-year. GAAP diluted earnings per share (EPS) stood at $1.86, reflecting a 12.0% increase compared to the prior year. The company's board declared a $0.60 cash dividend per share, payable on February 21, 2023. Gross profit reached $197.6 million, with a gross margin of 40.0%. R&D and SG&A expenses increased to $33.8 million and $18.6 million respectively. Supply constraints continue to pose risks, potentially impacting inventory and costs.
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