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.
VOXX International Corporation (NASDAQ: VOXX) announced its involvement in The Microcap Rodeo's 2nd Annual Winter Wonderland Best Ideas Investor Conference, scheduled for February 8-11, 2022. CEO Pat Lavelle will present on February 9 at 3:00 p.m. ET, and the session will be streamed live on the company's investor website. Additionally, VOXX management will hold one-on-one investor meetings on February 10 and 11. VOXX International is a prominent player in automotive and consumer electronics, featuring a portfolio of around 35 brands catering to various market segments.
VOXX International Corporation (NASDAQ: VOXX) will present at the Sidoti & Company Virtual Small Cap Conference on January 20, 2022, at 1:00 p.m. ET. The presentation can be accessed through the investor website. In addition, VOXX management will hold one-on-one meetings with investors on both conference days. Interested participants can register for the event via the Sidoti website. VOXX continues to lead in Automotive and Consumer Technologies, focusing on innovation and expanding its market presence.
VOXX International Corporation (NASDAQ: VOXX) reported third-quarter financial results for Fiscal 2022, with net sales of $191.9 million, a 4.6% decline from $201.1 million in the previous year. However, year-to-date sales surged 17.7% to $472 million. Key growth drivers included a $125 million award from Stellantis and a strong performance in Automotive Electronics, which saw a 34.7% increase in sales year-to-date. Despite the sales growth, the company faced challenges with gross margin, down to 26.9% from 28.9% due to global supply chain constraints.
VOXX International Corporation (NASDAQ: VOXX) announced it will report its Fiscal 2022 third quarter results for the period ending October 31, 2021, on January 10, 2022, after market close. A conference call to discuss the results will be held on January 11, 2022, at 10:00 a.m. Eastern. VOXX is a leader in Automotive and Consumer Technologies with a portfolio of around 35 brands specializing in in-vehicle entertainment and automotive security.
VOXX International Corporation (NASDAQ: VOXX) reported strong financial results for the first half of Fiscal 2022, with net sales of $280.2 million, a 40.1% increase year-over-year. Adjusted EBITDA rose to $14.6 million, up 26.8% from the previous year. The automotive electronics segment experienced significant growth, particularly in OEM product sales, which surged 70.5%. However, gross margins declined to 26.4% due to supply chain issues. Despite these challenges, the company anticipates 15% growth for the full fiscal year.
VOXX International Corporation (NASDAQ: VOXX) will report its Fiscal 2022 second-quarter results on October 12, 2021, after market close. The conference call for discussing these results is scheduled for October 13, 2021, at 10:00 a.m. Eastern. VOXX, a leader in automotive and consumer technologies, showcases innovative products and a robust distribution network. The announcement includes available contact details for participation in the conference call and webcast.
VOXX International Corporation (NASDAQ: VOXX) announced the successful acquisition of certain assets from Onkyo Home Entertainment Corporation by its subsidiary, Premium Audio Company, LLC, and Sharp Corporation. The transaction, valued at $30.8 million, was finalized on September 8, 2021. VOXX aims to leverage strong demand for the new audio/video products, projecting annual sales of approximately $50 million for Fiscal 2022. The acquisition enhances VOXX's product offerings and distribution network, positioning the company for growth in the audio market.
VOXX International Corporation (NASDAQ: VOXX) announced that CEO Pat Lavelle will participate in a fireside chat with Tom Forte at the D.A. Davidson 20th Annual Software and Internet Conference on September 9, 2021, at 2:30 p.m. ET. The event will be available via live webcast and replay on the VOXX Investor Relations website. Additionally, management will conduct one-on-one investor meetings. VOXX is recognized for its leadership in automotive and consumer electronics, and is expanding into biometrics technology.
VOXX International Corporation (NASDAQ: VOXX) reported strong financial results for its Fiscal 2022 first quarter, ending May 31, 2021. Net sales reached $137.1 million, a 90.4% increase from $72.0 million in the previous year. Positive net income of $2.7 million contrasted sharply with a loss of $8.3 million in the same quarter last year. Adjusted EBITDA rose to $8.3 million, up from a loss of $3.2 million. The company anticipates ongoing growth despite supply chain challenges. Key developments include a planned acquisition of Onkyo's A/V business, contributing an estimated $50 million in sales this year.
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