Knowles Corporation reports developments tied to its specialty electronic components business, including high-performance capacitors, RF and microwave filters, advanced medtech microphones, balanced armature speakers, and miniaturization products. Company updates focus on quarterly operating results, outlook, design-win activity, backlog, and demand across medtech, defense, industrial, and electrification end markets.
Recurring news also covers management conference participation and the company's continuing portfolio focus after the completed sale of its Consumer MEMS Microphone business. Knowles describes its model around custom engineering, reliable components, and scalable manufacturing for applications that require specialized electronic performance.
Libre Wireless Technologies has formed a strategic alliance with Knowles Corporation to enhance their MAVID platforms. These platforms, designed for voice and AI applications, feature low-power, miniature solutions compatible with a variety of smart products. The collaboration aims to streamline the integration of voice control technologies into devices, thus shortening product development cycles. MAVID Voice offers a low-cost, local voice interface without needing a network, while MAVID 3M supports voice control for third-party devices. This partnership positions both firms to meet the rising demand for voice-activated innovations.
Knowles Corporation (NYSE: KN) has launched the AISonic Bluetooth Standard Solution, a comprehensive development kit designed for seamless voice integration in Bluetooth devices. This solution enables manufacturers to implement voice-activated features across a range of products, such as smart speakers and automotive voice assistants. Powered by the IA8201 audio processor, the kit is noted for its low power consumption, making it ideal for battery-operated devices. The offering is part of Knowles' broader initiative to enhance voice capabilities in the rapidly evolving IoT market.
Knowles Corporation (NYSE: KN) reported strong financial results for Q4 FY20, exceeding guidance with revenues of $243.2 million and diluted EPS of $0.32. This performance was driven by heightened demand for MEMS microphones and signs of recovery in the Hearing Health sector. Gross profit margins improved to 37.8%, reflecting solid operational execution. The company expects continued growth in 2021, supported by favorable market trends.
Knowles Corporation (NYSE: KN) announced preliminary results for Q4 2020, projecting revenues of $243 million, surpassing prior guidance of $210 to $225 million. Expected gross profit margins are estimated between 36.0% to 38.0%, slightly below previous expectations of 37.0% to 39.0%. Earnings per share (EPS) is forecasted at $0.28 to $0.32, compared to prior guidance of $0.36 to $0.40. The results highlight strong demand in the MEMS microphone sector, improving trends in Hearing Health, and solid execution across markets. An earnings report is set for February 4, 2021.