Universal Electronics Q4 net sales $122.8M, down 15% YoY; guides Q1 2023 rev $100-110M

UNIVERSAL ELECTRONICS INC

2022-FY EPS reported $0.03 revenue$542,751,000

Q4 GAAP net sales $122.8M vs $144.9M YoY; GAAP net loss $6.9M ($0.54 per share).
Adjusted Non-GAAP Q4 net income $5.6M ($0.44 diluted) vs $9.0M ($0.68) YoY.
FY 2022 net sales $542.8M vs $601.6M; GAAP net income $0.4M ($0.03 per diluted share).
Cash and equivalents $66.7M at Dec 31, 2022; new markets (climate, security, home auto) over 25% of sales.
Q1 2023 guidance: GAAP net sales $100-110M; GAAP loss per share $1.11-$1.21; adjusted loss per share $0.28-$0.38.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVERSAL ELECTRONICS INC reported three and twelve months ended December 31, 2022 results: revenue $122.8 million, net income $0.4 million, or $0.03 per diluted share, EPS $0.03 per diluted share.

Period: three and twelve months ended December 31, 2022
Revenue: $122.8 million
Net income: $0.4 million, or $0.03 per diluted share
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

navigate pressures and they become stronger. We plan to do the same again.” Financial Results for the Three Months Ended December 31: 2022 Compared to 2021 • GAAP net sales were $122.8 million, compared to $144.9 million; Adjusted Non-GAAP net sales were $122.8 million, compared to $143.9 million. • GAAP gross margins were 26.2%, compared to 24.9%; Adjusted Non-GAAP

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Source: SEC EDGAR

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