---
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"
generated_at: "2026-06-12T06:56:01.754495+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Universal Electronics Q2 net sales fall to $107.4M; GAAP EPS loss $0.81; guides Q3 revenue down YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000101984-23-000039
- JSON: https://secwatch.observer/filing/0000101984-23-000039.json
- Plain text: https://secwatch.observer/filing/0000101984-23-000039.txt

## Key facts
- Earnings Releases
  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.
  - Period: three months ended June 30, 2023
  - Revenue: $107.4 million
  - Net income: $10.4 million
  - EPS: $0.81 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/101984/000010198423000039/0000101984-23-000039-index.htm
- Earnings Releases
  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.
  - Period: six months ended June 30, 2023
  - Revenue: $215.8 million
  - Net income: $71.8 million
  - EPS: $5.61 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/101984/000010198423000039/0000101984-23-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.