secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000101984-22-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Electronics Q1 net sales down 12% YoY to $132.4M; GAAP loss per share $0.23
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- GAAP net sales $132.4M vs $150.5M Q1 2021; GAAP operating loss $0.6M vs income $8.6M.
- GAAP net loss per share $0.23; adjusted non-GAAP EPS $0.47 vs $0.98 in Q1 2021.
- Cash and equivalents $62.2M at March 31, 2022, no debt mentioned.
- Q2 2022 guidance: GAAP net sales $133M-$143M; GAAP EPS $0.23-$0.33.
- Expects H2 2022 to be strongest six-month period since 2019, driven by HVAC/home automation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000023/0000101984-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000023/ueic-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000101984-22-000023

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