Universal Electronics Inc (OQ:UEIC)

Sector:  Technology Industry:  Household Electronics
 
See Regulatory Filings on SEC
Company Contact
Address: 15147 N Scottsdale Rd Ste H300
SCOTTSDALE AZ 85254-2199
Tel: N/A
Website: https://www.uei.com
IR: See website
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Key People
Paul D. Arling
Chairman of the Board, Chief Executive Officer
Bryan M. Hackworth
Chief Financial Officer, Senior Vice President
David Chong
Executive Vice President, Asia
Richard A. Firehammer
Senior Vice President, General Counsel, Head of Global Compliance, Secretary
Ramzi S. Ammari
Senior Vice President - Corporate Planning and Strategy
 
Business Overview
Universal Electronics Inc. is engaged in providing wireless universal control solutions for home entertainment and smart home devices. The Company designs, develops, manufactures, ships, and supports control and sensor technology solutions and a broad line of universal control systems, audio-video (AV) accessories, wireless security and smart home products that are used by brands in the video services, consumer electronics, security, home automation, climate control and home appliance markets. The Company's flagship solution, QuickSet (QuickSet), is a software application that can be embedded in any entertainment or smart home platform or can be delivered as a cloud-based service, through QuickSet Cloud, to enable universal device setup, interoperability and control. Its product and technology include voice-enabled, automatically programmed universal, two-way radio frequency (RF) as well as infrared (IR) remote controls, and more.
Financial Overview
For the fiscal year ended 31 December 2023, Universal Electronics Inc revenues decreased 23% to $420.5M. Net loss totaled $98.2M vs. income of $407K. Revenues reflect Asia segment decrease of 33% to $85.3M, United States segment decrease of 23% to $129.5M. Net loss reflects Interest Exp-Net of Capitalized Interest increase of 82% to $6M (expense), Foreign currency exchange contracts increase from $1.3M to $3.2M (expense).
Employees: 4,177 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $143.61M as of Dec 31, 2023
Annual revenue (TTM): $420.46M as of Dec 31, 2023
EBITDA (TTM): -$9.23M as of Dec 31, 2023
Net annual income (TTM): -$98.24M as of Dec 31, 2023
Free cash flow (TTM): $11.31M as of Dec 31, 2023
Net Debt Last Fiscal Year: $12.25M as of Dec 31, 2023
Shares outstanding: 12,967,869 as of Mar 11, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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