secwatch.observer — SEC 8-K summary
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Issuer:     Ubiquiti Inc. (UI)
CIK:        0001511737
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001511737-22-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ubiquiti Q4 FY22 revenue $443.1M, GAAP EPS $1.53, down 7.3% YoY
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- GAAP net income $92.5M, down 40.1% YoY; non-GAAP EPS $1.54 vs $2.47 prior year.
- Gross margin 38.3%, down from 48.3% a year ago, due to higher shipping, component costs and tariffs.
- Dividend of $0.60/share declared, payable Sept 13, 2022; company intends at least $0.60/quarter in FY23.
- Repurchased 363,614 shares in Q4 at avg $289.11; full year repurchased 2,193,853 shares at avg $281.75.
- Revenues impacted by global component shortage and COVID outbreaks; sequential revenue up 23.8% from Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511737/000151173722000051/0001511737-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511737/000151173722000051/ui-20220826.htm
  HTML page:      https://secwatch.observer/filing/0001511737-22-000051

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