{"schema_version":"secwatch.filing_event.v1","accession":"0000101984-23-000039","form_type":"8-K","ticker":"UEIC","cik":"0000101984","company_name":"UNIVERSAL ELECTRONICS INC","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.896021+00:00","generated_at":"2026-06-12T06:56:01.754495+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Universal Electronics Q2 net sales fall to $107.4M; GAAP EPS loss $0.81; guides Q3 revenue down YoY","bullets":["GAAP net sales $107.4M, down 23% YoY from $139.1M; GAAP EPS loss $0.81 vs prior yr income $0.23.","Adjusted non-GAAP net loss $0.06/share vs income $0.66 in Q2 2022; operating loss $9.1M.","Q3 2023 guidance: net sales $108-118M (down from $148.5M); adjusted EPS $0.02-0.12 vs $1.00.","Vietnam factory began operations in Q2; plans to close SW China factory by Q4 2023 to cut costs.","Cash and equivalents $55.8M at June 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000101984-23-000039","json":"https://secwatch.observer/filing/0000101984-23-000039.json","markdown":"https://secwatch.observer/filing/0000101984-23-000039.md","text":"https://secwatch.observer/filing/0000101984-23-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000039/0000101984-23-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000039/ueic-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:56:01.754495+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":"241240c1625af6c8a8d3f2f3dd002cdfe3c5ebc0","claim":"UNIVERSAL ELECTRONICS INC reported three months ended June 30, 2023 results: revenue $107.4 million, net income $10.4 million, EPS $0.81 per share. Guidance initiated.","evidence_excerpt":"These strategic initiatives position us to drive bottom-line improvements.” Financial Results for the Three Months Ended June 30: 2023 Compared to 2022 • GAAP net sales were $107.4 million, compared to $139.1 million; Adjusted Non-GAAP net sales were $107.4 million, compared to $139.1 million. • GAAP gross margins were 22.9%, compared to 28.3%; Adjusted Non-GAAP","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000039/0000101984-23-000039-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Revenue","value":"$107.4 million"},{"label":"Net income","value":"$10.4 million"},{"label":"EPS","value":"$0.81 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3b43bf6c1f22706305e1246958fae9bc989ad01a","claim":"UNIVERSAL ELECTRONICS INC reported six months ended June 30, 2023 results: revenue $215.8 million, net income $71.8 million, EPS $5.61 per share. Guidance initiated.","evidence_excerpt":"diluted share. • At June 30, 2023, cash and cash equivalents were $55.8 million. Financial Results for the Six Months Ended June 30: 2023 Compared to 2022 • GAAP net sales were $215.8 million, compared to $271.5 million; Adjusted Non-GAAP net sales were $215.8 million, compared to $271.5 million. • GAAP gross margins were 22.9%, compared to 27.9%; Adjusted Non-GAAP","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101984/000010198423000039/0000101984-23-000039-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended June 30, 2023"},{"label":"Revenue","value":"$215.8 million"},{"label":"Net income","value":"$71.8 million"},{"label":"EPS","value":"$5.61 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}