secwatch.observer — SEC 8-K summary
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Issuer:     Ubiquiti Inc. (UI)
CIK:        0001511737
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001511737-21-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ubiquiti Q1 FY2022 revenue $458.9M, EPS $2.11; supply chain and shipping costs weigh on results
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- Revenue $458.9M, down 3.1% YoY; GAAP diluted EPS $2.11, down 14% YoY.
- Gross margin 45.6%, down from 48.2% YoY, driven by higher shipping costs and component shortages.
- Service Provider Technology revenue fell 28.8% YoY to $112.1M; Enterprise Technology rose 9.7% to $346.8M.
- Board declared $0.60/share dividend payable Nov 22; repurchased 130,994 shares in Q1 at avg $299.64.
- Supply chain disruption continues; company expects negative impact until logistics and component issues resolve.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511737/000151173721000051/0001511737-21-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511737/000151173721000051/ui-20211105.htm
  HTML page:      https://secwatch.observer/filing/0001511737-21-000051

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