{"schema_version":"secwatch.filing_event.v1","accession":"0000101984-23-000023","form_type":"8-K","ticker":"UEIC","cik":"0000101984","company_name":"UNIVERSAL ELECTRONICS INC","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.625523+00:00","generated_at":"2026-06-15T19:19:37.280167+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"UEI Q1 2023 net sales fall 18% YoY; GAAP net loss $61.4M includes $49.1M goodwill impairment","bullets":["GAAP net sales $108.4M vs $132.4M YoY; GAAP gross margin 22.8% vs 27.4%.","GAAP operating loss $59.5M (includes $49.1M non-cash goodwill impairment); adjusted non-GAAP operating loss $3.6M.","GAAP net loss $61.4M ($4.81 per share) vs $2.9M ($0.23); adjusted non-GAAP net loss $3.5M ($0.28 per share).","Q2 2023 guidance: GAAP net sales $105-115M, GAAP loss per share $0.94-0.84; adjusted non-GAAP loss per share $0.25-0.15.","Extended credit facility to $125M through April 2024; restructuring Vietnam facility expected to save $15M annually by 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000101984-23-000023","json":"https://secwatch.observer/filing/0000101984-23-000023.json","markdown":"https://secwatch.observer/filing/0000101984-23-000023.md","text":"https://secwatch.observer/filing/0000101984-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000023/0000101984-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000023/ueic-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T19:19:37.280167+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"33d880c7be9d9263579dcf61ad0c4795c90e2ac1","claim":"UNIVERSAL ELECTRONICS INC reported first quarter ended March 31, 2023 results: revenue $108.4 million, net income $3.5 million, EPS $0.28 per share.","evidence_excerpt":"Financial Results for the Three Months Ended March 31: 2023 Compared to 2022 • GAAP net sales were $108.4 million, compared to $132.4 million; Adjusted Non-GAAP net sales were $108.4 million, compared to $132.4 million. • GAAP gross margins were 22.8%, compared to 27.4%; Adjusted Non-GAAP gross margins were 25.4%, compared to 28.9%. • GAAP operating loss was $59.5 million, including a $49.1 million non-cash charge for goodwill impairment, which resulted from a decline in the company’s market capitalization, compared to $0.6 million; Adjusted Non-GAAP operating loss was $3.6 million, compared to Adjusted Non-GAAP operating income of $7.8 million. • GAAP net loss was $61.4 million, including the aforementioned non-cash charge, or $4.81 per share, compared to $2.9 million or $0.23 per share; Adjusted Non-GAAP net loss was $3.5 million, or $0.28 per share, compared to Adjusted Non-GAAP net income $6.1 million, or $0.47 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000023/0000101984-23-000023-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$108.4 million"},{"label":"Net income","value":"$3.5 million"},{"label":"EPS","value":"$0.28 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8e9d72d998c09af914cc46d8b15d8222ee81c598","claim":"UNIVERSAL ELECTRONICS INC reported second quarter of 2023 results: revenue from $105 million and $115 million, EPS range from $0.25 to $0.15. Guidance initiated.","evidence_excerpt":"Financial Outlook For the second quarter of 2023, the company expects GAAP net sales to range between $105 million and $115 million, compared to $139.1 million in the second quarter of 2022. GAAP loss per share for the second quarter of 2023 is expected to range from $0.94 to $0.84, compared to GAAP earnings per diluted share of $0.23 in the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000023/0000101984-23-000023-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Revenue","value":"from $105 million and $115 million"},{"label":"EPS","value":"range from $0.25 to $0.15"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"8e9d72d998c09af914cc46d8b15d8222ee81c598","claim":"UNIVERSAL ELECTRONICS INC reported second quarter of 2023 results: revenue from $105 million and $115 million, EPS range from $0.25 to $0.15. Guidance initiated.","evidence_excerpt":"For the second quarter of 2023, the company expects Adjusted Non-GAAP net sales to range from $105 million and $115 million, compared to $139.1 million in the second quarter of 2022. Adjusted Non-GAAP loss per share is expected to range from $0.25 to $0.15, compared to Adjusted Non-GAAP earnings per diluted share of $0.66 in the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000023/0000101984-23-000023-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Revenue","value":"from $105 million and $115 million"},{"label":"EPS","value":"range from $0.25 to $0.15"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}