UNIVERSAL ELECTRONICS INC
For the period ended Mar 31, 2024. Filed May 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
UEIC$5.90+6.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $91,900 | $108,377 |
| Cost of sales | 65,912 | 83,684 |
| Gross profit | 25,988 | 24,693 |
| Research and development expenses | 7,821 | 8,360 |
| Factory restructuring charges | 1,064 | — |
| Selling, general and administrative expenses | 24,011 | 26,782 |
| Goodwill impairment | — | 49,075 |
| Operating income (loss) | (6,908) | (59,524) |
| Interest income (expense), net | (922) | (975) |
| Other income (expense), net | (80) | (214) |
| Income (loss) before provision for income taxes | (7,910) | (60,713) |
| Provision for income taxes | 739 | 650 |
| Net income (loss) | $(8,649) | $(61,363) |
| Earnings (loss) per share: | ||
| Basic | $(0.67) | $(4.81) |
| Diluted | $(0.67) | $(4.81) |
| Shares used in computing earnings (loss) per share: | ||
| Basic | 12,902 | 12,749 |
| Diluted | 12,902 | 12,749 |
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