secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000101984-22-000049
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UEI Q2 GAAP EPS $0.23 vs $0.40 YoY; revenue falls 7.6% to $139.1M
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- GAAP net sales $139.1M, down from $150.5M YoY; adjusted non-GAAP net sales $139.1M vs $150.6M.
- GAAP gross margin 28.3% vs 29.7%; adjusted non-GAAP gross margin 29.1% vs 30.5%.
- GAAP net income $3.0M ($0.23/diluted share) vs $5.6M ($0.40); adjusted non-GAAP net income $8.4M ($0.66) vs $13.6M ($0.98).
- Q3 2022 guidance: GAAP net sales $145–155M (down from $155.6M); adjusted EPS $0.70–0.80 vs $1.03.
- Cash and equivalents $54.0M at June 30, 2022; expansion into smart home and HVAC cited as growth driver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000049/0000101984-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198422000049/ueic-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000101984-22-000049

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