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.
VOXX International Corporation (NASDAQ: VOXX) began as Audiovox over 45 years ago and has evolved into a global leader in automotive and consumer electronics as well as high-end audio. Today, the company boasts an extensive distribution network, including partnerships with Fortune 500 companies and a presence in Europe, Asia, Mexico, and South America. VOXX's brand portfolio includes over 30 trusted names such as Audiovox, Klipsch, RCA, Invision, Jensen, Acoustic Research, Jamo, Energy, Mac Audio, Magnat, Heco, Schwaiger, Hirschmann Car Communication, and Oehlbach.
VOXX International operates through three main segments: Automotive Electronics, Consumer Electronics, and Biometrics. The company offers a variety of consumer electronic products that include premium audio and other electronics sold to retail and commercial customers. The automotive segment features both OEM and aftermarket products, while the biometrics segment focuses on advanced security solutions.
Recent highlights include:
- On October 10, 2023, Avalon Park Group announced a Stock Purchase Agreement with Gentex Corporation, making Gentex one of VOXX's largest shareholders.
- On November 7, 2023, Panasonic Automotive Systems and Ram announced the integration of the Klipsch® Reference Premiere audio system in the 2025 RAM 1500 Tungsten model.
- On January 4, 2024, VOXX announced its Fiscal 2024 Q3 results, showcasing its commitment to innovation across all subsidiaries.
- On March 7, 2024, VOXX's subsidiary EyeLock entered into a joint venture to form BioCenturion LLC, focusing on biometrics solutions.
- On May 14, 2024, VOXX reported its Fiscal 2024 Q4 and full-year results, emphasizing steps taken to realign and improve margins.
VOXX continues to innovate, recently launching advanced hearing aids under the RCA brand and high-performance audio systems with Panasonic Automotive, among other projects. Despite the challenging market landscape, VOXX remains a significant player in its industry by continually adapting and expanding its product lineup to meet consumer needs.
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RCA Accessories (RCA) is set to launch three new upgraded premium hearing aids with advanced functionality, battery lifetime, and volume controls. The company is also introducing a best-in-class protection plan for its customers. The premium models cater to specific users and their needs and are priced competitively, offering significant enhancements to the product offering.
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VOXX International Corporation (VOXX) to Report Fiscal 2024 Third Quarter Results on January 9, 2024. The leading manufacturer and distributor of automotive and consumer technologies for global markets will host a conference call and webcast on January 10, 2024, to discuss the results and provide updates on its business operations.
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Panasonic Automotive and Klipsch Develop Highest Performing, Most Powerful Audio System in Ram Truck: 2025 RAM 1500 Tungsten model to feature segment-exclusive Klipsch Reference Premiere audio system with 23 speakers, titanium tweeters, 12-inch subwoofer, and 1200 watts of power.
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Beat Kahli, President of VOXX International Corporation (VOXX) and Controlling Partner of Avalon Park Entities Agrees to Sell 50% of APG Holdings in VOXX
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VOXX International Corporation announces Q2 2024 financial results
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VOXX International Corporation to report Fiscal 2024 Q2 results on October 10, 2023
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VOXX International extends CEO Pat Lavelle's employment agreement through Feb. 2025. Loriann Shelton appointed as CFO effective March 1, 2024. Michael Stoehr transitions to Senior VP and Treasurer. Stoehr resigns from the Board as of March 1, 2024.
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VOXX International Corporation announced its financial results for its Fiscal 2024 first quarter. Net sales decreased by 13.1% to $111.9 million compared to the same period last year. The Automotive Electronics segment saw a decrease of 3.0% in net sales, while the Consumer Electronics segment saw a decrease of 17.5%. The gross margin declined by 120 basis points to 24.6%. The company reported an operating loss of $11.4 million and a net loss of $10.7 million. EBITDA and Adjusted EBITDA also showed losses.
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FAQ
What is the current stock price of Voxx Intl (VOXX)?
The current stock price of Voxx Intl (VOXX) is $7.45 as of February 21, 2025.
What is the market cap of Voxx Intl (VOXX)?
The market cap of Voxx Intl (VOXX) is approximately 168.2M.
What does VOXX International Corporation specialize in?
VOXX International Corporation specializes in automotive electronics, consumer electronics, and biometric security solutions.
What are some of VOXX's notable brands?
VOXX's brand portfolio includes Audiovox, Klipsch, RCA, Invision, Jensen, Acoustic Research, Jamo, Energy, Mac Audio, Magnat, Heco, Schwaiger, Hirschmann Car Communication, and Oehlbach.
What recent partnership did VOXX enter into?
On October 10, 2023, Avalon Park Group announced a Stock Purchase Agreement with Gentex Corporation, making Gentex one of VOXX's largest shareholders.
What recent product integration involves Klipsch?
On November 7, 2023, Panasonic Automotive Systems and Ram announced the integration of the Klipsch® Reference Premiere audio system in the 2025 RAM 1500 Tungsten model.
What is BioCenturion LLC?
BioCenturion LLC is a joint venture formed by VOXX's subsidiary EyeLock and GalvanEyes Partners, focusing on biometric solutions.
How did VOXX perform in its Fiscal 2024 Q3?
VOXX reported improved gross margins and operating expenses but faced challenges from market conditions and the UAW strike, leading to comparable operating income despite lower sales.
What steps is VOXX taking to mitigate market challenges?
VOXX is focusing on new product launches, improving margins, lowering expenses, and securing strategic partnerships to navigate market challenges.
What are some of VOXX's recent financial updates?
VOXX announced Fiscal 2024 Q4 and full-year results on May 14, 2024, detailing steps taken to realign and improve financial metrics amid challenging market conditions.
What is VOXX's strategy for its Biometrics segment?
VOXX's Biometrics segment, through EyeLock, entered a joint venture to form BioCenturion LLC, focusing on streamlining operations and capitalizing on biometric security opportunities.
What is the significance of the Klipsch audio system in automotive applications?
The Klipsch Reference Premiere audio system, integrated into the 2025 RAM 1500 Tungsten, exemplifies VOXX's commitment to high-quality audio experiences in the automotive market.
Voxx Intl Corp
Nasdaq:VOXX
VOXX Rankings
VOXX Stock Data
168.20M
6.91M
65.93%
58.91%
2.11%
Consumer Electronics
Wholesale-electronic Parts & Equipment, Nec
United States
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