secwatch.observer — SEC 8-K summary
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Issuer:     VOXX International Corp (—)
CIK:        0000807707
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0000950170-24-061518
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VOXX reports Q4 FY2024 net loss of $21M; sales down 20.8% YoY; Adjusted EBITDA turns negative
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- Q4 net sales $108.1M (-20.8% YoY); net loss $21.0M ($0.90/share) vs loss $18.1M ($0.75) prior year.
- Full-year net sales $468.9M (-12.2%); net loss $40.9M ($1.74/share) vs $27.5M ($1.13).
- Q4 Adjusted EBITDA loss $6.4M (vs +$4.1M); full-year loss $3.4M (vs +$9.7M).
- Recorded $14.2M intangible impairment; gross margin fell 550bps to 19.9% on higher inventory provisions.
- Total debt rose to $73.3M (from $39.2M) due to $42M Seaguard settlement; BioCenturion JV formed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807707/000095017024061518/0000950170-24-061518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807707/000095017024061518/voxx-20240514.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-061518

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