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) delivers cutting-edge automotive electronics and premium audio solutions through brands like Klipsch® and RCA®. This news hub provides investors and industry professionals with direct access to official corporate announcements and market-moving developments.
Our curated collection features earnings reports, product launch details, partnership announcements, and regulatory filings. Track VOXX's progress in automotive security systems, in-vehicle entertainment innovations, and emerging biometric technologies through verified press releases and financial disclosures.
Key updates include quarterly financial results, executive leadership changes, manufacturing expansions, and technology licensing agreements. All content is sourced directly from VOXX International's corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to essential information about VOXX's market position in automotive OEM solutions and consumer electronics. Check regularly for updates on strategic initiatives affecting the company's global operations across North America, Europe, and Asia.
VOXX International Corporation (NASDAQ: VOXX) announced its participation in the D.A. Davidson & Co. 4th Annual Consumer Growth Conference on March 11, 2021. CEO Pat Lavelle will engage in a fireside chat at 11:45 a.m. ET, with investor meetings scheduled throughout the day. The conference will be held virtually, and the fireside chat will be available via webcast on the company's website. Lavelle highlighted the company's strong growth and profitability in Fiscal 2021, expressing optimism for future opportunities to enhance shareholder value.
EyeLock LLC has announced the release of EyeLock Identity Suite (EIS) version 4.1, enhancing security by integrating physical and logical access control. This new version allows users to manage multiple EyeLock devices through a user-friendly, browser-based system. EIS supports various popular physical access control systems, improving interoperability. EyeLock's focus on advanced iris authentication ensures high security for enterprises. The integration aims to streamline identity management, providing a unified solution for enhanced security across facilities and devices.
VOXX International Corporation (NASDAQ: VOXX) reported strong Q3 results for Fiscal 2021, with net sales reaching $201.1 million, an 82.6% increase year-over-year. The Consumer Electronics segment saw a 74.0% rise in sales, driven by premium audio products. Automotive segment sales doubled, up 105.1% to $61.5 million, bolstered by acquisitions. Operating income improved dramatically to $18.6 million, up from just $0.1 million in the previous year. EBITDA reached $23.8 million, a significant increase compared to $8.6 million last year. VOXX anticipates continued growth into Fiscal 2022.
At CES 2021, Panasonic Automotive, Klipsch, and Dolby Atmos Music unveiled a new concept enhancing in-vehicle audio experiences. This collaboration aims to integrate Dolby Atmos technology into automotive sound systems, creating an immersive listening environment. Notable features include high efficiency, controlled directivity, and a wide dynamic range, promising clearer sound with minimal distortion. The proof-of-concept demonstrates a commitment to elevating vehicle entertainment standards, reflecting Panasonic's dedication to innovation in automotive audio solutions.
VOXX International Corporation (NASDAQ: VOXX) will report its fiscal 2021 third quarter results on January 11, 2021, after the market closes. A conference call and webcast are scheduled for January 12, 2021, at 10 a.m. Eastern. Investors can join via phone or online to hear the results and ask questions. VOXX has established itself as a leader in Automotive Electronics and Consumer Electronics, with a focus on innovative security technology. For further information, visit www.voxxintl.com.
EyeLock LLC has announced that its nano iXT iris recognition reader can now detect whether a mask is being worn, denying access if it isn't. This feature works in conjunction with the iTemp temperature screening module, addressing safety concerns amid the COVID-19 pandemic. EyeLock's CEO, Jeff Carter, emphasized the importance of this technology in creating safer work environments. The nano iXT's ability to manage temperature thresholds and mask presence enhances its utility as a biometric solution, combining accuracy and ease of use.
VOXX Electronics Corporation has launched the VOXX Power Systems (VPS), an innovative battery-backup solution designed for automotive, marine, motorcycle, and powersport applications. This patent-pending technology allows consumers to jump-start their vehicles from inside the driver's seat, eliminating reliance on roadside assistance or traditional jumper cables. VPS is compact, continually charges while the engine runs, and uses a Bluetooth-enabled smartphone for control. The system is engineered to enhance battery life and is available across multiple vehicle applications.
On November 2, 2020, Avalon Park International and Kähli Holding AG established a Standstill Agreement with VOXX International Corporation (NASDAQ: VOXX) for the assessment of its subsidiary Eyelock, LLC. Swiss businessman Beat Kahli, VOXX's largest shareholder, aims to acquire a majority stake in Eyelock while allowing VOXX to retain significant ownership. The move is timely as Eyelock's biometric technology aligns well with current market demands during the Covid-19 pandemic, particularly for contactless solutions, enhancing VOXX's growth outlook and potential earnings.
EyeLock LLC has announced that its EyeLock Identity Suite (EIS) now supports the U.S. Federal Government's Personal Identity Verification (PIV) credential format. This upgrade allows government agencies to utilize a secure 200-bit card format, which offers enhanced authentication features and multi-factor authentication capabilities. EyeLock was approached by a federal agency in August to implement this technology. The CEO of EyeLock, Jeff Carter, indicated growing interest from other agencies, emphasizing the company's focus on expanding its federal channel business.
VOXX Automotive Corp., a subsidiary of VOXX International Corporation (NASDAQ: VOXX), was recognized as a Supplier of the Year by Fiat Chrysler Automobiles (FCA) for Innovation. The award was presented during FCA's virtual 2020 North America Annual Supplier Conference on October 23. This accolade highlights VOXX's commitment to providing innovative and high-quality products. The selection was based on evaluations of supplier performance, including quality and delivery metrics. VOXX Automotive plays a key role in developing the next generation of infotainment systems.
