secwatch.observer — SEC 8-K summary
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Issuer:     Ubiquiti Inc. (UI)
CIK:        0001511737
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001511737-22-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ubiquiti Q3 FY2022 revenue $358M, down 23% YoY; GAAP EPS $0.82; new $200M buyback
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- Revenue $358.1M, down 23.4% YoY and 17% sequentially; Enterprise Tech $295M, Service Provider $63M.
- GAAP net income $50.4M ($0.82 diluted EPS) vs $146.1M ($2.32) a year ago; non-GAAP EPS $0.83.
- Gross margin fell to 32.4% from 47.7% YoY, driven by higher component, shipping and overhead costs.
- Board declared $0.60/share dividend payable May 23 to holders of record May 16.
- New $200M stock repurchase program authorized through Sept 30, 2023; Q3 saw 1,264,974 shares repurchased at avg $272.50.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511737/000151173722000032/0001511737-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511737/000151173722000032/ui-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001511737-22-000032

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