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Voxx International Corporation  (VOXX)
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Price: $7.9900 $-0.07 -0.868%
Day's High: $8.3122 Week Perf: 5.83 %
Day's Low: $ 7.99 30 Day Perf: -8.89 %
Volume (M): 114 52 Wk High: $ 14.75
Volume (M$): $ 908 52 Wk Avg: $9.98
Open: $7.99 52 Wk Low: $7.25



 Market Capitalization (Millions $) 187
 Shares Outstanding (Millions) 23
 Employees 2,060
 Revenues (TTM) (Millions $) 505
 Net Income (TTM) (Millions $) -36
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 3

Voxx International Corporation

VOXX International Corporation is a leading international manufacturer and distributor in the Automotive, Premium Audio and Consumer Accessories industries. The Company has widely diversified interests, with more than 30 global brands that it has acquired and grown throughout the years, achieving a powerful international corporate image and creating a vehicle for each of these respective brands to emerge with its own identity. We conduct our business through eighteen wholly-owned subsidiaries: Audiovox Atlanta Corp., VOXX Electronics Corporation, VOXX Accessories Corp., Audiovox Consumer Electronics, Inc. ("ACE"), Audiovox German Holdings GmbH ("Voxx Germany"), Audiovox Venezuela, C.A., Audiovox Canada Limited, Voxx Hong Kong Ltd., Audiovox International Corp., Audiovox Mexico, S. de R.L. de C.V. ("Voxx Mexico"), Code Systems, Inc., Oehlbach Kabel GmbH ("Oehlbach"), Schwaiger GmbH ("Schwaiger"), Invision Automotive Systems, Inc. ("Invision"), Klipsch Holding LLC ("Klipsch"), Car Communication Holding GmbH ("Hirschmann"), Omega Research and Development, LLC ("Omega") and Audiovox Websales LLC, as well as a majority owned subsidiary, EyeLock LLC ("EyeLock"). We market our products under the Audiovox® brand name and other brand names and licensed brands, such as 808®, AR for Her, Acoustic Research®, Advent®, Ambico®, Car Link®, Chapman®, Code-Alarm®, Discwasher®, Energy®, Heco®, Hirschmann Car Communication®, Incaar™, Invision®, Jamo®, Jensen®, Klipsch®, Mac Audio™, Magnat®, Mirage®, myris®, Oehlbach®, Omega®, Phase Linear®, Prestige®, Pursuit®, RCA®, RCA Accessories, Schwaiger®, Recoton®, Terk® and VoxxHirschmann as well as private labels through a large domestic and international distribution network. We also function as an OEM ("Original Equipment Manufacturer") supplier to several customers, as well as market a number of products under exclusive distribution agreements, such as SiriusXM satellite radio products; Singtrix®, the next generation in karaoke and 360 Fly® Action Cameras.

VOXX International Corporation was incorporated in Delaware on April 10, 1987 under its former name, Audiovox Corp., as successor to a business founded in 1960 by John J. Shalam, our Chairman and controlling stockholder. Our extensive distribution network and long-standing industry relationships have allowed us to benefit from growing market opportunities and emerging niches in the electronics business.

The Company operates in three segments based upon the Companys products and internal organizational structure. The operating segments consist of the Automotive, Premium Audio and Consumer Accessories segments. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital TV tuners, mobile antennas, mobile multimedia devices, aftermarket/OE-styled radios, car-link smartphone telematics applications, collision avoidance systems and location-based services. The Premium Audio segment designs, manufactures, distributes and markets home theater systems, high-end loudspeakers, outdoor speakers, iPod/computer speakers, business music systems, cinema speakers, flat panel speakers, Bluetooth speakers, soundbars, headphones and DLNA (Digital Living Network Alliance) compatible devices. The Consumer Accessories segment designs, manufactures, markets and distributes remote controls; wireless and Bluetooth speakers; Singtrix karaoke products; 360 Fly® Action Cameras; EyeLock iris identification and security related products; personal sound amplifiers; and A/V connectivity, portable/home charging, reception and digital consumer products.

Our objective is to grow our business both organically and through strategic acquisitions. We will drive the business organically by continued product development in new and emerging technologies that should increase gross margins, and improve operating income. We are focused on expanding sales both domestically and internationally and broadening our customer and partner base as we bring these new products to our target markets. In addition, we plan to continue to acquire synergistic companies that would allow us to leverage our overhead, penetrate new markets and expand existing product categories. Notwithstanding the above, if the appropriate opportunity arises, the Company will explore the potential divestiture of a product line or business.

We participate in selected product categories in the automotive, premium audio and consumer accessories markets within the electronics industry. These markets are large and diverse, encompass a broad range of products and offer the ability to specialize in niche product groups. The introduction of new products and technological advancements are the major growth drivers in these markets. Based on this, we continue to introduce new products across all segments, with an increased focus on niche product offerings.

Our product development cycle includes:

identifying consumer trends and potential demand,

responding to those trends through product design and feature integration, which includes software design, electrical engineering, industrial design and pre-production testing. In the case of OEM customers, the product development cycle may also include product validation to customer quality standards, and

evaluating and testing new products in our own facilities to ensure compliance with our design specifications and standards.

Utilizing our company-owned and third party facilities in the United States, Europe and Asia, we work closely with customers and suppliers throughout the product design, testing and development process in an effort to meet the expectations of consumer demand for technologically-advanced and high quality products. Our Troy, Michigan; Orlando, Florida; Neckartenzlingen, Germany; Nürnberg, Germany; Fulda, Germany; Shanghai, China and Békéscsaba, Hungary facilities are ISO/TS 16949:2009, ISO 14001:2004 and/or ISO 9001:2008 certified, which requires the monitoring of quality standards in all facets of business.

We are committed to providing product warranties for all of our product lines, which generally range from 90 days to seven years. The Company also provides warranties for certain vehicle security products for the life of the vehicle for the original owner. To support our warranties, we have independent warranty centers in the United States and Europe. Our customer service group, along with our Company websites, provides product information, answers questions and serves as a technical hotline for installation help for end-users and customers.



   Company Address: 2351 J Lawson Blvd Orlando 32824 FL
   Company Phone Number: 645-7750   Stock Exchange / Ticker: NASDAQ VOXX
   VOXX is expected to report next financial results on May 14, 2024.


Customers Net Income grew by VOXX's Customers Net Profit Margin grew to

89.08 %

5.04 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ACU        5.45% 
GPRO   -5.13%    
MICS        14.85% 
MSN        2.38% 
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Voxx International Corporation

Voxx International Corporation Faces Troubling Decline in Revenue and Alarming Shortfall in Fiscal Period Ending Aug 31, 2023



The financial performance of Voxx International Corporation has taken a hit as a result of lower demand, leading to vanishing revenue and a larger shortfall. The company's latest financial report for the period of June to August 31, 2023 indicates a concerning decline in revenue and a significant increase in the shortfall per share. If the current trend continues, it could spell trouble for the future of Voxx International Corporation.
Declining Revenue and Increased Shortfall:
During the reporting period of June to August 31, 2023, Voxx International Corporation experienced a substantial decline in revenue compared to the same period last year. Revenue dropped by a significant -9.61% to $113.63 million, indicating a clear downward trend for the company. Moreover, the shortfall per share increased to $-0.47, an alarming rise from the $-0.45 per share recorded in the preceding reporting period. These figures emphasize the company's struggles in maintaining profitability and sustaining growth.

Voxx International Corporation

Voxx International Corporation Faces Unprecedented Trials and Spiraling Losses in Opening Quarter of 2024 Earnings Season

Voxx International Corporation, a leading global manufacturer and distributor of consumer electronics, has recently reported its fiscal results for the period ending May 31, 2023. The company experienced a notable increase in losses per share, with a figure of $-0.45 compared to $-0.27 in the previous year. However, there was a positive improvement in earnings per share (EPS) from the preceding quarter, rising to $-0.80 per share.
Regarding revenue, Voxx International Corporation witnessed a significant decline both on a year-on-year and sequential basis. In comparison to the similar quarter a year earlier, the revenue receded by -13.055%, amounting to $111.93 million compared to $128.73 million. Sequentially, the revenue fell by -18.016% from $136.52 million. These figures indicate a challenging period for the company in terms of generating revenue.

Voxx International Corporation

Voxx International Corporation Faces Steep Decline in Revenue, Continues to Struggle Financially

Voxx International Corporation is suffering significant financial setbacks and is showing no signs of a positive turnaround anytime soon. This is evident from the company's recent financial statements which reveal that the company recorded a cumulative net loss of $-31 million during the 12 months ending in the fourth quarter of 2023. This record-breaking loss has resulted in a negative return on assets (ROA) of -5.52%, which is alarming.
The Consumer Discretionary sector has 95 other companies that have a higher return on assets compared to Voxx International Corporation, which is a clear indication that the company is not performing up to par. This dismal performance is not just a one-off situation; the overall ranking of ROA has also declined significantly, dropping from the total ROA ranking of 3277 in the third quarter of 2023 to 2755 in the Feb 28 2023 quarter. This decline in the ranking shows that the company's financial performance is not improving.






 

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