secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0000101984-22-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UEIC Q4 net loss $6.3M; revenue down 7% YoY; Q1 guidance below prior year
-------------------------------------------------------------------------

- Q4 GAAP net sales $144.9M (down from $156.3M); GAAP net loss $6.3M ($0.49 loss per share).
- Q4 adjusted non-GAAP EPS $0.68 (down from $1.14); adjusted gross margin 28.4% vs 33.6%.
- FY 2021 GAAP revenue $601.6M, net income $5.3M ($0.39 diluted EPS); adjusted EPS $3.59.
- Q1 2022 guidance: GAAP revenue $135-145M (vs $150.5M in Q1 2021); adjusted EPS $0.46-0.56.
- Board authorized repurchase of up to 300,000 shares contingent on price over coming months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000005/0000101984-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000005/ueic-20220217.htm
  HTML page:      https://secwatch.observer/filing/0000101984-22-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer