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Universal Electronics Q1 2023 Earnings Report

Universal Electronics logo
$10.43 -0.29 (-2.71%)
As of 01/6/2025 04:00 PM Eastern

Universal Electronics EPS Results

Actual EPS
-$0.96
Consensus EPS
-$0.63
Beat/Miss
Missed by -$0.33
One Year Ago EPS
N/A

Universal Electronics Revenue Results

Actual Revenue
$108.38 million
Expected Revenue
$100.56 million
Beat/Miss
Beat by +$7.82 million
YoY Revenue Growth
N/A

Universal Electronics Announcement Details

Quarter
Q1 2023
Time
N/A

Conference Call Resources

Conference Call Audio

Slide Deck

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Universal Electronics Earnings Headlines

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About Universal Electronics

Universal Electronics (NASDAQ:UEIC) designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers. It also provides software, firmware and technology solutions that can enable devices such as Smart TVs, hybrid set-top boxes, audio systems, smart speakers, game consoles, and other consumer electronic and smart home devices to wirelessly connect and interoperate within home networks; cloud-services that support its embedded software and hardware solutions; intellectual property that the company licenses to OEMs and video service providers; embedded and cloud-enabled software for firmware update provisioning and digital rights management validation services to consumer electronics brands; and AV accessories, including universal remote controls, television wall mounts and stands, and digital television antennas. In addition, the company QuickSet, a software application that can be embedded in 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. Universal Electronics Inc. was incorporated in 1986 and is based in Scottsdale, Arizona.

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