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

Issuer:     UNIVERSAL ELECTRONICS INC (UEIC)
CIK:        0000101984
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000101984-24-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Electronics Q4 sales $97.6M (-20.5%); FY net loss $98.2M with $49.1M goodwill charge
--------------------------------------------------------------------------------

- GAAP net sales Q4 $97.6M (-20.5% YoY); FY net sales $420.5M (-22.5% YoY).
- GAAP net loss Q4 $7.1M ($0.55 EPS); FY net loss $98.2M ($7.64 EPS) including $49.1M goodwill impairment.
- Adjusted non-GAAP net income Q4 $0.9M ($0.07 diluted EPS) vs $5.6M ($0.44) prior year.
- Q1 2024 guidance: net sales $86M-$96M; adjusted non-GAAP loss per share ($0.27)-($0.17).
- Federal Circuit affirmed Roku's infringement of UEI patent; UEI to seek monetary damages in district court.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101984/000010198424000038/0000101984-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101984/000010198424000038/ueic-20240215.htm
  HTML page:      https://secwatch.observer/filing/0000101984-24-000038

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