{"schema_version":"secwatch.filing_event.v1","accession":"0000101984-24-000064","form_type":"8-K","ticker":"UEIC","cik":"0000101984","company_name":"UNIVERSAL ELECTRONICS INC","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.909967+00:00","generated_at":"2026-06-02T23:43:30.169237+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Universal Electronics Q1 sales $91.9M, loss narrows; Q2 sales guidance $90-100M","bullets":["Q1 net sales $91.9M (down 15% YoY); GAAP net loss $8.6M (-$0.67/share) vs $61.4M loss including $49.1M goodwill impairment in Q1 2023.","Adjusted non-GAAP net loss $2.5M (-$0.19/share) vs $3.5M loss (-$0.28); adjusted gross margin improved to 29.6% from 25.4%.","Q2 2024 guidance: GAAP net sales $90-100M, adjusted loss per share $0.10 to $0.00; prior Q2 sales were $107.4M.","Management cited project wins with six of top ten HVAC equipment makers; repurchased 95k shares for $0.8M in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0000101984-24-000064","json":"https://secwatch.observer/filing/0000101984-24-000064.json","markdown":"https://secwatch.observer/filing/0000101984-24-000064.md","text":"https://secwatch.observer/filing/0000101984-24-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/101984/000010198424000064/0000101984-24-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/101984/000010198424000064/ueic-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:43:30.169237+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":"db88c3d265ba16cdd5395f7e41390b3bfac5ae79","claim":"UNIVERSAL ELECTRONICS INC reported three months ended March 31, 2024 results: revenue $91.9 million, net income $8.6 million, or $0.67 per share, EPS $0.67 per share. Guidance initiated.","evidence_excerpt":"our employees around the world remain hard at work to make this a reality.” Financial Results for the Three Months Ended March 31: 2024 Compared to 2023 • GAAP net sales were $91.9 million, compared to $108.4 million; Adjusted Non-GAAP net sales were $91.9 million, compared to $108.4 million. • GAAP gross margins were 28.3%, compared to 22.8%; Adjusted Non-GAAP","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/101984/000010198424000064/0000101984-24-000064-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$91.9 million"},{"label":"Net income","value":"$8.6 million, or $0.67 per share"},{"label":"EPS","value":"$0.67 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"}