See more : Helix BioMedix, Inc. (HXBM) Income Statement Analysis – Financial Results
Complete financial analysis of Universal Electronics Inc. (UEIC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Universal Electronics Inc., a leading company in the Consumer Electronics industry within the Technology sector.
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Universal Electronics Inc. (UEIC)
About Universal Electronics Inc.
Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets. The company offers universal radio frequency (RF) and infrared remote controls primarily for sale to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; integrated circuits on which its software and universal device control database is embedded for sale to OEMs, video service providers, and private label customers; and software, firmware, and technology solutions that enable devices, such as televisions, set-top boxes, audio systems, smart speakers, game consoles, and other consumer electronic and smart home devices to connect and interact with home networks and interactive services to control and deliver home entertainment, smart home services, and device or system information. It also provides cloud-services that support its embedded software and hardware solutions; intellectual property that the company licenses principally to OEMs and video service providers; RF sensors for residential security, safety, and home automation applications; wall-mount and handheld thermostat controllers and connected accessories for intelligent energy management systems, primarily to OEM customers, as well as hotels and hospitality system integrators; and AV accessories to consumers, including universal remote controls, television wall mounts, and stands and digital television antennas. The company also serves through a network of national and regional distributors and dealers. It sells its products under the One For All brand in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company was incorporated in 1986 and is headquartered in Scottsdale, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 420.46M | 542.75M | 601.60M | 614.68M | 753.48M | 680.24M | 695.79M | 651.37M | 602.83M | 562.33M | 529.35M | 463.09M | 468.63M | 331.78M | 317.55M | 287.10M | 272.68M | 235.85M | 181.35M | 158.38M | 120.47M | 103.89M | 119.03M | 124.74M | 105.09M | 96.10M | 114.30M | 98.60M | 105.10M | 96.40M | 89.00M | 50.80M | 22.50M |
| Cost of Revenue | 322.90M | 390.46M | 428.59M | 438.42M | 583.27M | 538.44M | 530.08M | 487.25M | 436.08M | 395.43M | 377.89M | 329.65M | 338.57M | 227.93M | 215.94M | 190.91M | 173.33M | 149.97M | 114.22M | 96.80M | 74.17M | 62.24M | 69.96M | 69.38M | 58.10M | 57.30M | 76.60M | 71.30M | 73.00M | 66.70M | 50.70M | 27.70M | 12.80M |
| Gross Profit | 97.56M | 152.29M | 173.02M | 176.26M | 170.20M | 141.80M | 165.71M | 164.12M | 166.75M | 166.90M | 151.46M | 133.44M | 130.06M | 103.85M | 101.61M | 96.19M | 99.35M | 85.88M | 67.13M | 61.58M | 46.30M | 41.66M | 49.07M | 55.36M | 46.99M | 38.80M | 37.70M | 27.30M | 32.10M | 29.70M | 38.30M | 23.10M | 9.70M |
| Gross Profit Ratio | 23.20% | 28.06% | 28.76% | 28.67% | 22.59% | 20.85% | 23.82% | 25.20% | 27.66% | 29.68% | 28.61% | 28.81% | 27.75% | 31.30% | 32.00% | 33.50% | 36.44% | 36.41% | 37.02% | 38.88% | 38.43% | 40.10% | 41.23% | 44.38% | 44.72% | 40.37% | 32.98% | 27.69% | 30.54% | 30.81% | 43.03% | 45.47% | 43.11% |
| Research & Development | 31.28M | 32.45M | 30.92M | 31.45M | 29.41M | 23.82M | 21.42M | 19.85M | 18.14M | 16.98M | 16.45M | 14.15M | 12.27M | 10.71M | 8.69M | 8.16M | 8.82M | 7.41M | 6.58M | 5.87M | 4.70M | 4.45M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 119.65M | 127.48M | 118.88M | 112.69M | 108.65M | 102.86M | 93.08M | 91.22M | 71.84M | 70.97M | 67.27M | 64.08M | 59.95M | 48.87M | 42.17M | 33.03M | 30.22M | 33.06M | 33.33M | 30.41M | 26.70M | 30.10M | 28.60M | 28.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 98.49M | 105.29M | 118.85M | 107.54M | 125.48M | 119.65M | 127.48M | 118.88M | 112.69M | 108.65M | 102.86M | 93.08M | 91.22M | 71.84M | 70.97M | 67.27M | 64.08M | 59.95M | 48.87M | 42.17M | 33.03M | 30.22M | 33.06M | 33.33M | 30.41M | 26.70M | 30.10M | 28.60M | 28.70M | 35.20M | 30.10M | 17.50M | 7.50M |
| Other Expenses | 53.09M | -955.00K | -557.00K | -1.40M | -995.00K | -4.46M | -848.00K | 840.00K | -7.00K | -840.00K | -3.17M | -1.41M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.78M | 3.62M | 2.60M | 2.10M | 1.60M | 1.30M | 900.00K | 500.00K | 200.00K | 100.00K |
| Operating Expenses | 190.82M | 137.74M | 149.76M | 138.99M | 154.89M | 143.47M | 148.89M | 138.73M | 130.83M | 125.62M | 119.31M | 107.24M | 103.49M | 82.55M | 79.67M | 75.43M | 72.90M | 67.36M | 55.45M | 48.04M | 37.73M | 34.67M | 33.06M | 37.11M | 34.02M | 29.30M | 32.20M | 30.20M | 30.00M | 36.10M | 30.60M | 17.70M | 7.60M |
| Cost & Expenses | 505.76M | 528.20M | 578.35M | 577.41M | 738.16M | 681.91M | 678.98M | 625.97M | 566.91M | 521.05M | 497.20M | 436.89M | 442.05M | 310.48M | 295.60M | 266.34M | 246.23M | 217.33M | 169.67M | 144.84M | 111.89M | 96.91M | 103.02M | 106.50M | 92.12M | 86.60M | 108.80M | 101.50M | 103.00M | 102.80M | 81.30M | 45.40M | 20.40M |
| Interest Income | 0.00 | 2.20M | 566.00K | 178.00K | 382.00K | 310.00K | 0.00 | 251.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 471.00K | 3.02M | 3.10M | 1.40M | 500.00 | 500.00 | 583.53M | 594.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 4.33M | 2.20M | 566.00K | 1.60M | 4.30M | 5.00M | 2.53M | 1.30M | 63.00K | 11.00K | 51.00K | 151.00K | 270.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 22.93M | 24.03M | 26.75M | 29.74M | 31.93M | 33.60M | 31.36M | 26.97M | 20.45M | 18.24M | 18.36M | 17.61M | 17.34M | 8.06M | 6.80M | 6.08M | 4.68M | 4.19M | 3.70M | 3.09M | 3.36M | 3.70M | 4.10M | 3.78M | 3.62M | 2.60M | 2.10M | 1.60M | 1.30M | 900.00K | 500.00K | 200.00K | 100.00K |
| EBITDA | -1.66M | 38.58M | 50.00M | 67.00M | 47.24M | 31.94M | 41.18M | 53.46M | 56.37M | 59.52M | 50.52M | 43.82M | 43.91M | 21.30M | 28.75M | 26.85M | 31.13M | 22.70M | 15.38M | 16.82M | 11.93M | 10.68M | 20.11M | 22.03M | 16.58M | 12.10M | 7.60M | -1.30M | 3.40M | -5.50M | 8.20M | 5.60M | 2.20M |
| EBITDA Ratio | -0.40% | 7.11% | 9.32% | 9.36% | 6.27% | -0.74% | 7.80% | 8.04% | 9.35% | 10.59% | 9.54% | 9.46% | 9.60% | 8.69% | 9.13% | 9.24% | 11.41% | 9.84% | 7.29% | 10.84% | 9.62% | 10.05% | 16.77% | 17.26% | 15.74% | 12.70% | 19.60% | -0.51% | 3.62% | 6.43% | 8.99% | 12.01% | 9.78% |
| Operating Income | -85.30M | 14.55M | 23.25M | 27.80M | 15.32M | -1.67M | 10.67M | 25.40M | 35.92M | 41.28M | 32.15M | 26.20M | 26.58M | 21.30M | 21.95M | 20.76M | 26.45M | 18.52M | 11.68M | 13.54M | 8.57M | 6.98M | 16.01M | 18.24M | 12.97M | 9.50M | 5.50M | -2.90M | 2.10M | -6.40M | 7.70M | 5.40M | 2.10M |
| Operating Income Ratio | -20.29% | 2.68% | 3.87% | 4.52% | 2.03% | -0.24% | 1.53% | 3.90% | 5.96% | 7.34% | 6.07% | 5.66% | 5.67% | 6.42% | 6.91% | 7.23% | 9.70% | 7.85% | 6.44% | 8.55% | 7.12% | 6.72% | 13.45% | 14.62% | 12.34% | 9.89% | 4.81% | -2.94% | 2.00% | -6.64% | 8.65% | 10.63% | 9.33% |
| Total Other Income/Expenses | -6.95M | -3.16M | -7.17M | 6.64M | -4.91M | 27.83M | -3.38M | -209.00K | 56.00K | -829.00K | -3.12M | -1.56M | -1.35M | 557.00K | 230.00K | 3.33M | 3.11M | 903.00K | 3.00M | 182.56K | 921.69K | 834.12K | 1.13M | 1.42M | 150.65K | -600.00K | -15.40M | -1.70M | -1.60M | -12.70M | 100.00K | -1.10M | -300.00K |
| Income Before Tax | -92.25M | 11.39M | 16.08M | 43.91M | 10.40M | 26.17M | 7.29M | 25.19M | 35.98M | 40.45M | 29.04M | 24.64M | 25.23M | 21.86M | 22.18M | 24.09M | 29.56M | 19.42M | 14.67M | 13.72M | 9.50M | 7.81M | 17.14M | 19.66M | 13.12M | 8.90M | -9.90M | -4.60M | 500.00K | -19.10M | 7.80M | 4.30M | 1.80M |
| Income Before Tax Ratio | -21.94% | 2.10% | 2.67% | 7.14% | 1.38% | 3.85% | 1.05% | 3.87% | 5.97% | 7.19% | 5.49% | 5.32% | 5.38% | 6.59% | 6.98% | 8.39% | 10.84% | 8.23% | 8.09% | 8.66% | 7.88% | 7.52% | 14.40% | 15.76% | 12.48% | 9.26% | -8.66% | -4.67% | 0.48% | -19.81% | 8.76% | 8.46% | 8.00% |
| Income Tax Expense | 5.98M | 10.99M | 10.78M | 5.33M | 6.77M | 14.24M | 17.61M | 4.80M | 6.80M | 7.92M | 6.07M | 8.09M | 5.29M | 6.78M | 7.50M | 8.28M | 9.33M | 5.90M | 4.97M | 4.61M | 3.23M | 1.88M | 5.86M | 8.06M | 5.38M | 3.30M | -3.40M | -2.30M | 200.00K | -6.30M | 2.90M | 1.70M | 700.00K |
| Net Income | -98.24M | 407.00K | 5.30M | 38.57M | 3.63M | 11.92M | -10.32M | 20.35M | 29.17M | 32.53M | 22.96M | 16.55M | 19.95M | 15.08M | 14.68M | 15.81M | 20.23M | 13.52M | 9.70M | 9.11M | 6.27M | 5.94M | 11.29M | 11.60M | 7.74M | 5.60M | -6.50M | -2.30M | 300.00K | -12.80M | 4.90M | 2.60M | 1.10M |
| Net Income Ratio | -23.36% | 0.07% | 0.88% | 6.28% | 0.48% | 1.75% | -1.48% | 3.12% | 4.84% | 5.79% | 4.34% | 3.57% | 4.26% | 4.55% | 4.62% | 5.51% | 7.42% | 5.73% | 5.35% | 5.75% | 5.20% | 5.72% | 9.48% | 9.30% | 7.37% | 5.83% | -5.69% | -2.33% | 0.29% | -13.28% | 5.51% | 5.12% | 4.89% |
| EPS | -7.64 | 0.03 | 0.39 | 2.78 | 0.26 | 0.85 | -0.72 | 1.41 | 1.91 | 2.06 | 1.51 | 1.11 | 1.34 | 1.10 | 1.07 | 1.13 | 1.40 | 0.98 | 0.72 | 0.67 | 0.46 | 0.43 | 0.82 | 0.84 | 0.29 | 0.22 | -0.51 | -0.18 | 0.02 | -0.95 | 0.22 | 0.19 | 0.09 |
| EPS Diluted | -7.64 | 0.03 | 0.39 | 2.72 | 0.26 | 0.85 | -0.72 | 1.38 | 1.88 | 2.01 | 1.47 | 1.10 | 1.31 | 1.07 | 1.05 | 1.09 | 1.33 | 0.94 | 0.69 | 0.65 | 0.45 | 0.42 | 0.78 | 0.78 | 0.28 | 0.22 | -0.51 | -0.18 | 0.02 | -0.95 | 0.21 | 0.19 | 0.09 |
| Weighted Avg Shares Out | 12.86M | 12.70M | 13.47M | 13.89M | 13.88M | 13.95M | 14.34M | 14.47M | 15.25M | 15.78M | 15.25M | 14.95M | 14.91M | 13.76M | 13.67M | 14.02M | 14.41M | 13.82M | 13.46M | 13.57M | 13.70M | 13.79M | 13.84M | 13.74M | 26.62M | 25.55M | 12.62M | 12.81M | 13.50M | 13.48M | 13.27M | 30.00M | 12.22M |
| Weighted Avg Shares Out (Dil) | 12.86M | 12.78M | 13.74M | 14.17M | 14.11M | 14.06M | 14.35M | 14.76M | 15.54M | 16.15M | 15.60M | 15.11M | 15.21M | 14.11M | 13.97M | 14.46M | 15.18M | 14.43M | 13.99M | 14.10M | 14.01M | 14.16M | 14.52M | 14.94M | 28.25M | 26.40M | 12.62M | 12.81M | 13.50M | 13.48M | 13.27M | 30.00M | 12.22M |
Universal Electronics Announces U.S. Court of Appeals Affirms Ban on Import and Sale of Roku Infringing Products
SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $UEIC #UEIC--Universal Electronics Inc. (“UEI”) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, today announced that the U.S. Court of Appeals for the Federal Circuit has affirmed a...
UEI Announces QuickSet® Software Expansion for Better Entertainment and Increased Engagement through Personalization
LAS VEGAS--(BUSINESS WIRE)---- $UEIC #CE--Universal Electronics Inc. (NASDAQ: UEIC), the worldwide leader in universal control technology for smart home and entertainment devices, announced the release of its latest QuickSet® solution, which now expands content discovery, control and interaction across millions...
UEI Announces a Better Smart Home Control Experience with a Complete Line-Up of White Label Smart Home Hubs & Sensors
LAS VEGAS--(BUSINESS WIRE)---- $UEIC #CES2024--Universal Electronics Inc. (NASDAQ: UEIC), the worldwide leader in universal control technology for smart home and entertainment devices, announced its family of UEI Butler™ Smart Home Control Hubs at the Consumer Electronics Show. The products are...
UEI Introduces Nevo® on TIDE™ Smart Thermostat Family to Create a Whole Home Controller Platform
LAS VEGAS--(BUSINESS WIRE)---- $UEIC #CES2024--Universal Electronics Inc. (NASDAQ: UEIC), the worldwide leader in universal control technology for smart home and entertainment devices, announced that it is enabling whole home control inside its TIDE® line of smart thermostats. This latest innovation...
Universal Electronics: A High-Risk/High-Reward Turnaround Play
Sales have decreased significantly since 2020 and are expected to decline again in 2024. Profit margins are currently depressed due to lower volumes and inflationary pressures. The company now plans to expand its presence in the HVAC industry to replace...
UEI Announces Major Expansion to the UEI TIDE™ Family of Smart Thermostats
LAS VEGAS--(BUSINESS WIRE)---- $UEIC #CES2024--Universal Electronics Inc. (NASDAQ: UEIC), the worldwide leader in universal control technology for smart home and entertainment devices announces four new products: TIDE Dial M, TIDE Dial M with Scene Controller Pack, TIDE Bridge+ and TIDE...
Universal Electronics Inc. to Participate in the 26th Annual Needham Growth Conference
SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $UEIC #UEIC--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced that Chairman and Chief Executive Officer Paul Arling and Chief Financial Officer Bryan Hackworth...
Universal Electronics Inc. Announces Cooperation Agreement with Immersion Corporation
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Universal Electronics Inc. (the “Company” or “UEI”) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, today announced that it has entered into a cooperation agreement (the “Agreement”) with Immersion...
Universal Electronics Inc. to Participate in the 20th Annual Imperial Capital Security Investor Conference
SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $UEIC #UEIC--Universal Electronics Inc. (UEI) (NASDAQ: UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced that Chairman and Chief Executive Officer Paul Arling and Chief Financial Officer Bryan Hackworth...
Universal Electronics Inc. (UEIC) Q2 2023 Earnings Call Transcript
Universal Electronics Inc. (NASDAQ:UEIC ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Kirsten Chapman - MD/Principal SF, LHA, IR Paul Arling - Chairman & CEO Bryan Hackworth - CFO Conference Call Participants Steve Franco...
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