Welcome to our dedicated page for Voxx Intl news (Ticker: VOXX), a resource for investors and traders seeking the latest updates and insights on Voxx Intl stock.
Overview
VOXX International Corporation (NASDAQ: VOXX) is a globally recognized manufacturer and distributor operating in the automotive electronics, consumer electronics, and emerging biometric solutions industries. With a heritage that dates back over 45 years from its beginnings as Audiovox, the company has evolved into a dynamic organization known for its premium audio solutions and innovative technology. By offering finished consumer products and automotive electronic components, VOXX fulfills the needs of diverse customers including retail, commercial entities, and original equipment manufacturers (OEMs) around the world. Keywords such as automotive electronics, consumer electronics, and premium audio underscore its core business areas.
History and Brand Portfolio
The transformation from Audiovox to VOXX International Corporation represents a remarkable evolution fueled by decades of expertise in audio technology and electronics. Today, the company’s growing portfolio includes more than 30 trusted brands, each with a legacy of quality and reliability. Iconic names like Klipsch®, RCA®, and Acoustic Research® contribute to its market-leading positions in both consumer and automotive segments. This rich assemblage of brands not only reflects a commitment to quality but also an ongoing effort to innovate and exceed consumer expectations in every product category.
Global Distribution and Market Presence
VOXX’s extensive global footprint is supported by a robust distribution network that spans North America, Europe, Asia, Mexico, and South America. The company’s products are widely available through power retailers, mass merchandisers, and specialized automotive networks. This worldwide presence reinforces its role as both an automotive and consumer electronics partner, delivering state-of-the-art solutions to a diverse customer base that includes Fortune 500 companies. The strategic distribution model ensures that VOXX maintains a strong connection with market trends and customer needs across various geographic regions.
Business Segments and Solutions
VOXX International operates across a spectrum of business segments, each designed to meet distinct market demands. In the automotive electronics segment, the company focuses on in-vehicle entertainment systems, automotive security, and reception products that align with the precision required by OEMs and aftermarket clients. Meanwhile, its consumer electronics segment delivers premium audio and related products that cater to home and professional environments. Additionally, the company is expanding its expertise within the emerging biometrics field, positioning itself to address evolving security concerns with advanced technological solutions.
Innovation and Technological Expertise
Innovation lies at the heart of VOXX’s approach to business. The company continuously drives product innovation and quality improvements through extensive research and development initiatives. This commitment to innovation is evident in its adoption of cutting-edge audio engineering principles that allow its premium audio brands to deliver outstanding clarity and performance. By integrating advanced technology with robust design, VOXX not only sustains its leadership in traditional market segments but also pioneers new applications in biometric security and in-vehicle entertainment systems.
Commitment to Quality and Trusted Partnerships
The strength of VOXX International is deeply rooted in its emphasis on quality, reliability, and trusted partnerships. The company works closely with leading automotive manufacturers, retail partners, and technology providers to ensure that every product meets stringent performance standards. This alignment with top-tier partners reinforces its reputation as a reliable supplier in both consumer and automotive markets. Furthermore, VOXX’s adherence to high-quality manufacturing standards and a commitment to continuous improvement demonstrate its dedication to meeting and exceeding customer expectations in an increasingly competitive market.
Operational Excellence and Market Adaptation
Despite the challenges typical of a competitive global market, VOXX has continually adapted its operational strategies to enhance efficiency and bolster profitability. Through a combination of restructuring programs, cost optimization initiatives, and strategic asset monetization, the company has refined its processes and sharpened its focus on its core product lines. This disciplined approach to operational management not only safeguards its market position but also reinforces its capacity to innovate under varying market conditions.
Insights for Investors and Industry Analysts
For investors and financial analysts, VOXX International represents a case study in the strategic management of a diversified electronics business. With a comprehensive product portfolio, a resilient global distribution network, and a commitment to technological advancement, the company offers a clear view into how traditional brands can evolve in a fast-changing technological landscape. The detailed structure of its business model serves as a framework for understanding market dynamics in both automotive and consumer electronics sectors and highlights the integral role of innovation in maintaining competitiveness over time.
In summary, VOXX International Corporation stands as a multifaceted organization that effectively combines a rich legacy, a broad brand portfolio, and a forward-thinking approach to technology. Its significant presence in automotive and consumer electronics, underpinned by premium audio and emerging biometric solutions, makes it a compelling subject of study for anyone seeking to understand the interplay between innovation, market adaptation, and operational excellence.
VOXX International (NASDAQ: VOXX) announced the successful closing of its acquisition by Gentex (NASDAQ: GNTX) on April 1, 2025. The all-cash transaction, valued at $7.50 per share, was overwhelmingly approved by VOXX stockholders at a special meeting held on March 31, 2025.
The acquisition brings together VOXX's expertise in automotive electronics, consumer electronics, and premium audio solutions (including brands like Klipsch®, Onkyo®, and Integra®) with Gentex's technology portfolio in automotive, aerospace, fire protection, and medical industries. The deal also includes EyeLock®, an iris biometric technology.
Following the acquisition completion, VOXX has requested the suspension of its Class A Common Stock trading on Nasdaq and withdrawal of its listing. Gentex plans to leverage VOXX's consumer product distribution capabilities while applying their engineering expertise to maximize profitability across VOXX's product lines.
Premium Audio Company has announced a collaboration with Marvel Television's 'Daredevil: Born Again', making Klipsch and Onkyo the official speakers and home audio system providers for the series. The show, streaming March 4 on Disney+, features the return of Charlie Cox as Matt Murdock and Vincent D'Onofrio as Wilson Fisk.
This marks Premium Audio Company's third collaboration with Marvel Television. The partnership aims to enhance viewers' experience through Klipsch's speaker technology and Onkyo's a/v receivers, delivering precise sound quality for the show's soundscapes, dialogue, and action sequences. Dave Gans, Global Vice President of Marketing at Premium Audio Company, emphasized how their systems will help immerse viewers in the world of Daredevil.
VOXX International (NASDAQ: VOXX) has filed its delayed Fiscal 2025 Q3 report and announced merger regulatory approvals. The company reported significant financial declines, with total net sales dropping 22.2% to $105.2 million compared to $135.3 million in the previous year. The quarter saw substantial non-cash charges, including $28.2 million in goodwill and $16.1 million in intangible asset impairment charges.
Key financial metrics include a gross margin decline to 21.2% from 26.9%, and a net loss of $44.0 million compared to a net income of $1.9 million in the prior year. The company's cash position decreased to $6.3 million from $11.0 million, while total debt reduced to $18.8 million from $73.3 million.
Regarding the proposed merger with Gentex, the company received antitrust clearance as the HSR Act waiting period expired and obtained approval from the German Federal Cartel Office. The merger remains subject to stockholder approval and other customary closing conditions.
VOXX International (NASDAQ: VOXX) announced receiving a notice from Nasdaq on January 28, 2025, regarding non-compliance with listing rules due to delayed filing of its Quarterly Report (Form 10-Q) for the period ended November 30, 2024. The delay stems from necessary impairment testing of goodwill, intangible assets, and long-lived assets following the company's December 17, 2024 merger agreement with Gentex .
The notice has no immediate effect on VOXX's Nasdaq listing. The company has until March 31, 2025, to either file the report or submit a compliance plan. If Nasdaq accepts a compliance plan, VOXX could receive an extension until July 14, 2025. The company intends to file the Quarterly Report within the initial 60-day period.
VOXX International (NASDAQ: VOXX) announced a delay in filing its Quarterly Report on Form 10-Q for the quarter ended November 30, 2024. The company has filed Form 12b-25 with the SEC to notify this delay.
The delay is primarily due to the need to conduct impairment testing of the company's goodwill, other intangible assets, and long-lived assets. This testing requirement was triggered by VOXX's previously announced Merger Agreement with Gentex on December 17, 2024.
VOXX International is a global leader in Automotive Electronics and Consumer Electronics, with strong positions in in-vehicle entertainment, automotive security, and premium audio market segments. The company operates through an extensive distribution network including retailers, mass merchandisers, and automotive manufacturers.
VOXX International has announced a definitive merger agreement with Gentex , where Gentex will acquire VOXX in an all-cash transaction valued at approximately $196 million. Under the agreement, Gentex will purchase all outstanding VOXX shares for $7.50 per share, representing a 163% premium over the unaffected closing price of $2.85 on August 26, 2024.
The transaction was unanimously approved by VOXX's transaction committee and disinterested board members after a thorough sales process led by Solomon Partners. The Shalam family, holding approximately 57% of voting power, has agreed to vote in favor of the merger. The deal is expected to close during Q1 2025, subject to stockholder approval and regulatory clearances.
VOXX International reported its Fiscal 2025 Q2 results, showing progress in restructuring efforts despite sales declines. Key points include:
- Sales down ~18% in first half of Fiscal 2025, but gross margin up 120 basis points and operating expenses reduced by over 15%
- Sale of domestic accessory business and non-core assets for ~$28 million
- Florida real estate sale for $20 million in Q3
- Over $50 million in debt reduction since year-end, bringing total debt under $20 million
- Q2 net sales of $92.5 million, down 18.6% year-over-year
- Q2 net income of $2.4 million, compared to net loss of $11.1 million in prior year
- EBITDA of $8.5 million in Q2, compared to loss of $5.4 million in prior year
The company continues to focus on restructuring, strengthening its balance sheet, and exploring strategic alternatives to maximize shareholder value.
VOXX International (NASDAQ: VOXX) has announced it will report its Fiscal 2025 second quarter and six-month results for the period ended August 31, 2024, on Thursday, October 10, 2024, after market close. The company will host a conference call and webcast to discuss results and business operations on Friday, October 11, 2024 at 10:00 a.m. Eastern.
Interested parties can attend the webcast or access the call by phone. Registration is required a day in advance or at least 15 minutes before the call starts. A replay of the webcast will be available approximately two hours after the call and archived under 'Events and Presentations' on the company's investor relations website.
VOXX International is a leading manufacturer and distributor of automotive and consumer technologies for global markets, with market-leading positions in in-vehicle entertainment, automotive security, and premium audio segments.
VOXX International (NASDAQ: VOXX) has announced the successful sale of its domestic accessory business and the Jamo™ and Energy™ brands for a total of approximately $28 million. The domestic accessories business, including RCA® trademarks and inventory, was sold to Talisman Brands Inc./Established, Inc. for about $25 million. The Jamo™ and Energy™ brands were sold to Rayleigh Lab and Cinemaster for approximately $3.2 million.
These transactions are part of VOXX's restructuring plan to pay down debt, strengthen its balance sheet, and improve operations. The company expects to reduce its total debt by over 60% following these sales. VOXX is also in contract to sell its Orlando, FL facility, which could further reduce outstanding debts. The divested brands accounted for about $49 million in revenue in Fiscal 2024.
Nissan and Panasonic Automotive Systems Company of America have announced the integration of a segment-exclusive Klipsch® Reference Premiere Audio System in the all-new 2025 Nissan Armada. This premium audio system features 12 specifically designed speakers, including titanium tweeters and a high-performance 8-inch DualPower™ subwoofer, delivering audiophile-quality performance throughout the cabin.
The 2025 Nissan Armada, revealed today, reimagines the company's flagship full-size SUV with new features such as a PRO-4X grade for off-road capability, an 8,500-pound maximum towing capacity, and Nissan's latest ProPILOT Assist 2.1 driver-assistance technology. The Klipsch Premium Audio System will be available on Armada SL and higher trims, complementing the vehicle's advanced technology and comfort features.
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