UNIVERSAL ELECTRONICS INC
For the period ended Jun 30, 2024. Filed Aug 8, 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.
Jun 30, 2024 · Filed Aug 8, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $90,452 | $107,391 | $182,352 | $215,768 |
| Cost of sales | 64,500 | 82,774 | 130,412 | 166,458 |
| Gross profit | 25,952 | 24,617 | 51,940 | 49,310 |
| Research and development expenses | 7,520 | 8,484 | 15,341 | 16,844 |
| Selling, general and administrative expenses | 21,330 | 25,265 | 45,341 | 52,047 |
| Factory restructuring charges | 1,555 | — | 2,619 | — |
| Goodwill impairment | — | — | — | 49,075 |
| Operating income (loss) | (4,453) | (9,132) | (11,361) | (68,656) |
| Interest income (expense), net | (843) | (1,097) | (1,765) | (2,072) |
| Other income (expense), net | (89) | (702) | (169) | (916) |
| Income (loss) before provision for income taxes | (5,385) | (10,931) | (13,295) | (71,644) |
| Provision for (benefit from) income taxes | 2,808 | (520) | 3,547 | 130 |
| Net income (loss) | $(8,193) | $(10,411) | $(16,842) | $(71,774) |
| Earnings (loss) per share: | ||||
| Basic | $(0.63) | $(0.81) | $(1.30) | $(5.61) |
| Diluted | $(0.63) | $(0.81) | $(1.30) | $(5.61) |
| Shares used in computing earnings (loss) per share: | ||||
| Basic | 12,917 | 12,860 | 12,909 | 12,804 |
| Diluted | 12,917 | 12,860 | 12,909 | 12,804 |
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