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
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.
Others in SIC 3651
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| KN | Knowles Corp | $3.04B | 71.0x | 7.2% |
| SONO | Sonos Inc | $1.82B | — | -4.9% |
| GNSS | Genasys Inc. | $66.0M | — | 69.8% |
| KOSS | KOSS CORP | $33.9M | — | 3.1% |
| MSN | EMERSON RADIO CORP | $10.9M | — | -41.5% |
| SONY | Sony Group Corp | — | — | — |
| IMTE | Integrated Media Technology Ltd | — | — | 18.4% |
| SYNX | Silynxcom Ltd. | — | — | — |