UNIVERSAL ELECTRONICS INC UEIC
Universal Electronics Inc. ("UEI", "we", "our", "us", or the "Company") was incorporated under the laws of Delaware in 1986 and began operations in 1987. The principal executive offices are located at 15147 N. Scottsdale Road, Suite H300, Scottsdale, Arizona 85254. As used herein, the terms "we", "us" and "our" refer to UEI and its subsidiaries unless the context indicates the contrary.
Our business is comprised of one reportable segment. We have two domestic subsidiaries and 22 international subsidiaries located in Brazil, France, Germany, Hong Kong (3), India, Italy, Japan, Korea, Mexico (2), the Netherlands, the People's Republic of China (the "PRC") (5), Singapore, Spain, United Kingdom and Vietnam.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Europe
- Asia (excluding the PRC)
- PRC
- Latin America
- Other
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $110.6M | $106.7M | $129.5M |
| Europe | $98.1M | $90.6M | $90.2M |
| Asia (excluding the PRC) | $81.2M | $78.2M | $85.3M |
| PRC | $32.5M | $60.3M | $63.3M |
| Latin America | $24.1M | $34.4M | $28.9M |
| Other | $21.8M | $24.5M | $23.2M |
As the company reported it, from the “Revenue and Accounts Receivable, Net - Schedule of Net Sales to External Customers by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $368.3M | $394.9M | $420.5M | $542.8M | $601.6M | $614.7M | $753.5M | $680.2M | $695.8M | $651.4M |
| Cost of revenue | $261.8M | $280.9M | $322.9M | $390.5M | $428.6M | $438.4M | $583.3M | $538.4M | $530.1M | $487.2M |
| Gross profit | $106.5M | $114.0M | $97.6M | $152.3M | $173.0M | $176.3M | $170.2M | $141.8M | $165.7M | $164.1M |
| R&D | $26.3M | $29.7M | $31.3M | $32.5M | $30.9M | $31.4M | $29.4M | $23.8M | $21.4M | $19.9M |
| SG&A | $85.4M | $91.8M | $98.5M | $105.3M | $118.8M | $107.5M | $125.5M | $119.7M | $127.5M | $114.4M |
| Operating income | -$6.4M | -$15.3M | -$85.3M | $14.5M | $23.3M | $37.3M | $15.3M | -$1.7M | $10.7M | $25.4M |
| Pre-tax income | -$12.0M | -$18.6M | -$92.3M | $11.4M | $16.1M | $43.9M | $10.4M | $26.2M | $7.3M | $25.2M |
| Income tax | $6.6M | $5.4M | $6.0M | $11.0M | $10.8M | $5.3M | $6.8M | $14.2M | $17.6M | $4.8M |
| Net income | -$18.6M | -$24.0M | -$98.2M | $407.0K | $5.3M | $38.6M | $3.6M | $11.9M | -$10.3M | $20.4M |
| EPS, basic | -1.41 | -1.85 | -7.64 | 0.03 | 0.39 | 2.78 | 0.26 | 0.85 | -0.72 | 1.41 |
| EPS, diluted | -1.41 | -1.85 | -7.64 | 0.03 | 0.39 | 2.72 | 0.26 | 0.85 | -0.72 | 1.38 |
| Shares, diluted (wtd. avg.) | 13.2M | 13.0M | 12.9M | 12.8M | 13.7M | 14.2M | 14.1M | 14.1M | 14.4M | 14.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $32.3M | $26.8M | $42.8M | $66.7M | $60.8M | $57.2M | $74.3M | $53.2M | $67.3M | $59.8M |
| Receivables | $70.4M | $91.5M | $112.6M | $112.3M | $120.6M | $120.7M | $128.8M | $131.9M | $140.7M | $119.5M |
| Inventory | $77.8M | $79.4M | $88.3M | $140.2M | $134.5M | $120.4M | $145.1M | $144.3M | $162.6M | $129.9M |
| Total current assets | $205.1M | $242.5M | $258.9M | $338.0M | $337.1M | $326.8M | $378.8M | $380.5M | $407.3M | $324.2M |
| Property, plant and equipment | $25.8M | $32.9M | $41.9M | $62.8M | $74.6M | $87.3M | $90.7M | $95.8M | $111.0M | $105.4M |
| Goodwill | — | — | $0 | $49.1M | $48.5M | $48.6M | $48.4M | $48.5M | $48.7M | $43.1M |
| Other intangibles | $22.0M | $24.0M | $25.3M | $24.5M | $20.2M | $19.7M | $19.8M | $24.4M | $29.0M | $28.5M |
| Total assets | $274.0M | $323.4M | $355.9M | $504.2M | $510.3M | $510.3M | $564.2M | $555.6M | $608.4M | $521.0M |
| Accounts payable | $48.9M | $72.0M | $57.0M | $71.4M | $92.7M | $83.2M | $102.6M | $107.3M | $119.2M | $97.2M |
| Total current liabilities | $119.3M | $158.3M | $161.1M | $216.5M | $216.8M | $179.5M | $266.5M | $279.9M | $332.9M | $215.9M |
| Total liabilities | $127.8M | $170.2M | $177.0M | $235.8M | $234.4M | $197.0M | $289.8M | $292.6M | $354.9M | $240.5M |
| Retained earnings | $189.8M | $208.4M | $232.5M | $330.7M | $330.3M | $325.0M | $286.4M | $282.8M | $266.8M | $275.6M |
| Total equity | $146.2M | $153.1M | $178.9M | $268.4M | $275.9M | $313.3M | $274.4M | $263.0M | $257.6M | $280.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $23.6M | $14.8M | $25.2M | $10.9M | $40.3M | $73.4M | $85.3M | $12.9M | $9.2M | $49.5M |
| Depreciation and amortisation | $14.2M | $18.1M | $22.9M | $24.0M | $26.7M | $29.7M | $31.9M | $33.6M | $31.3M | $27.0M |
| Stock-based compensation | $5.1M | $6.7M | $8.8M | $10.0M | $10.0M | $9.1M | $8.8M | $8.8M | $11.9M | $10.3M |
| Capital expenditure | $3.9M | $4.6M | $8.1M | $14.0M | $12.6M | $16.9M | $21.3M | $20.1M | $40.4M | $40.7M |
| Investing cash flow | -$6.8M | -$8.4M | -$13.9M | -$21.2M | -$17.0M | -$23.7M | -$24.0M | $23.6M | -$51.2M | -$37.7M |
| Financing cash flow | -$16.7M | -$19.8M | -$34.8M | $20.5M | -$22.0M | -$66.0M | -$39.2M | -$53.3M | $50.4M | -$4.4M |
| Buybacks | $3.1M | $2.0M | $1.8M | $13.0M | $59.7M | $17.7M | $1.9M | $13.8M | $39.1M | $12.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-147716.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $651.4M | $695.8M | $680.2M | $753.5M | $614.7M | $601.6M | $542.8M | $420.5M | $394.9M | $368.3M |
| Gross profit | $164.1M | $165.7M | $141.8M | $170.2M | $176.3M | $173.0M | $152.3M | $97.6M | $114.0M | $106.5M |
| Net income | $20.4M | -$10.3M | $11.9M | $3.6M | $38.6M | $5.3M | $407.0K | -$98.2M | -$24.0M | -$18.6M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- Officer or director change Item 5.02
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3651
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|---|---|---|---|---|
| KN | Knowles Corp | $2.75B | 64.3x | 7.2% |
| SONO | Sonos Inc | $2.07B | — | -4.9% |
| GNSS | Genasys Inc. | $67.2M | — | 69.8% |
| KOSS | KOSS CORP | $32.7M | — | 3.1% |
| MSN | EMERSON RADIO CORP | $6.9M | — | -41.5% |
| IMTE | Integrated Media Technology Ltd | — | — | 18.4% |
| SONY | Sony Group Corp | — | — | — |
| SYNX | Silynxcom Ltd. | — | — | — |