Universal Electronics Q1 2026 net sales down 14% to $79M; net loss $0.58 per share

UNIVERSAL ELECTRONICS INC

• Net sales $79.0M, down 14% YoY from $92.3M; Connected Home $28.3M, Home Entertainment $50.7M.
• GAAP operating loss $3.9M (similar to $3.8M loss in Q1 2025); Adjusted non-GAAP operating loss $1.7M.
• GAAP net loss $7.3M ($0.58 per share) vs $6.3M ($0.48 per share) a year ago; Adjusted net loss $1.3M ($0.10 per diluted share).
• Operating expenses reduced by $5.3M YoY; inventory reduced by ~$9.8M.
• Cash and equivalents $29.8M at quarter end; management focuses on cost structure and cash flow.

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