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

Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000101984-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198423000006/0000101984-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198423000006/ueic-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000101984-23-000006

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