VOXX International Corp (OQ:VOXX)

Sector:  Technology Industry:  Household Electronics
 
See Regulatory Filings on SEC
Company Contact
Address: 2351 J Lawson Blvd
ORLANDO FL 32824
Tel: 1-212-7866011
Website: https://www.voxxintl.com
IR: See website
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Key People
John J. Shalam
Chairman of the Board
Janine Russo
Corporate Secretary
Patrick M. Lavelle
Chief Executive Officer, Director
Beat Kahli
Co-Vice Chairman of the Board
Loriann Shelton
Chief Financial Officer, Chief Operating Officer, Senior Vice President
Ian Geise
President of VOXX Accessories Corp
T. Paul Jacobs
President, Chief Executive Officer of Premium Audio Company, LLC
Edward David Mas
President, Chief Executive Officer of VOXX Automotive Corp
Charles M. Stoehr
Senior Vice President, Treasurer
Richard A. Maddia
Vice President - Management Information Systems
   
Business Overview
VOXX International Corporation is an international manufacturer and distributor in the automotive electronics, consumer electronics, and biometrics industries. The Company has a portfolio of approximately 35 brands. The Company operates through three segments: Automotive Electronics, Consumer Electronics and Biometrics. The Automotive Electronics segment designs, manufactures, distributes and markets rear-seat entertainment devices, remote start systems, automotive security products and devices, vehicle access systems, mobile interface modules, mobile multimedia devices, and others. Consumer Electronics segment designs, manufactures, distributes and markets home theater systems, premium loudspeakers, outdoor speakers, A/V receivers, business music systems, streaming music systems, cinema speakers, architectural speakers, wireless and Bluetooth speakers and soundbars. Its Biometrics segment designs, markets and distributes iris identification and biometric security related products.
Financial Overview
For the nine months ended 30 November 2023, VOXX International Corp revenues decreased 9% to $360.8M. Net loss increased from $9.3M to $19.9M. Revenues reflect ConsumerElectronics segment decrease of 7% to $251.4M, AutomotiveElectronics segment decrease of 12% to $109.7M. Higher net loss reflects Interest and bank charges - Balancing increase of 61% to $5M (expense), Equity in income of equity investee decrease of 26% to $4M (income).
Employees: 1,055 as of Feb 28, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $200.29M as of Nov 30, 2023
Annual revenue (TTM): $497.35M as of Nov 30, 2023
EBITDA (TTM): -$4.37M as of Nov 30, 2023
Net annual income (TTM): -$39.14M as of Nov 30, 2023
Free cash flow (TTM): $10.28M as of Nov 30, 2023
Net Debt Last Fiscal Year: $41.88M as of Nov 30, 2023
Shares outstanding: 22,597,963 as of Jan 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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