Knowles Corp Stock Price, News & Analysis

Knowles Corporation (NYSE: KN) reported a strong Q3 2021, with revenues of $233 million, marking an 8% increase year-over-year. Non-GAAP gross margins reached 41.8%, while diluted EPS was $0.29, exceeding expectations. Cash from operations totaled $56 million. The company highlighted record revenues in its Precision Devices segment, up 35% driven by high demand across various markets. Looking ahead, Knowles anticipates further growth in Q4, driven by favorable product mix and operating leverage, aiming to achieve record cash operations for the full year.

Knowles Corporation (NYSE: KN) will release its third quarter 2021 financial results on October 27, 2021, after market close, followed by a conference call at 3:30 p.m. Central time. Analysts and investors can access the call using specific dial-in numbers and a conference ID. A replay of the call will be available until November 4, 2021. Knowles is a leader in micro-acoustic microphones and audio processing solutions, serving diverse markets including consumer electronics and medtech, and aims to diversify revenue through innovative solutions.

Knowles Corporation (NYSE: KN) announced the passing of Ronald Jankov, a board member since its public debut in 2014. His contributions as a founder and CEO of GlobalLink1 Capital significantly impacted the company. CEO Jeffrey Niew and chairman Donald Macleod expressed their deep condolences, highlighting Jankov's leadership and commitment. This loss may create a leadership gap for Knowles, which specializes in advanced audio solutions across various markets.

Knowles Corporation (NYSE: KN) has launched the AISonic™ IA8201 Raspberry Pi Development Kit, designed to streamline voice and audio functionality in various applications across multiple industries. This comprehensive kit allows OEM/ODM engineers to quickly prototype and test voice and machine learning capabilities, thereby reducing development costs. The IA8201 Audio Edge Processor is a key component, promoting ultra-low power usage and high-performance audio processing. A Parks Associates survey indicates a growing consumer demand for voice-controlled devices, creating a substantial market opportunity for Knowles.

Knowles Corporation (NYSE: KN) has launched its AI-enabled True Wireless Stereo (TWS) Development Platform to streamline product development for OEMs. This platform includes a fully operational TWS development kit with pre-tuned earbuds featuring Knowles SiSonic™ MEMS Microphone Arrays and various speaker drivers. The kit facilitates advanced features like Active Noise Cancellation and voice command integration, enabling faster time-to-market. This move underscores Knowles' position in the expanding TWS market, projected to grow significantly across all price segments.

Knowles Corporation (NYSE: KN) reported strong Q2 2021 results, with revenues of $199.8 million, up 43% year-over-year. Non-GAAP gross margins reached 42.4%, exceeding guidance, while diluted EPS rose to $0.18. Key growth drivers included a doubling of Hearing Health sales and increased demand for MEMS microphones. Precision Devices achieved record revenues, aided by a medtech market recovery and a new acquisition. For Q3 2021, Knowles expects a 13% sales increase year-over-year, highlighting strong market positions and operational leverage for continued growth.

Knowles Corporation (NYSE: KN) will release its second quarter 2021 financial results on July 28, 2021, after market close. Following the announcement, a conference call will be held at 3:15 p.m. Central time (4:15 p.m. Eastern time) to discuss these results. Interested analysts and investors can join the call by dialing the specified numbers or via a webcast available on the Knowles investor website. The company's focus on advanced micro-acoustic microphones and audio solutions positions it in various high-growth markets, emphasizing innovation and customer experience.

Knowles Corporation (NYSE: KN) announced a significant legal victory as ITC Judge Charles E. Bullock found Shenzhen Bellsing Acoustic Technology misappropriated its trade secrets. The 129-page ruling recommended a 26-year exclusion order preventing Bellsing from importing devices using Knowles' technology, including hearing aids and headsets. Additionally, a cease and desist order was suggested against Bellsing and its founder. Knowles' CEO emphasized their commitment to protecting intellectual property, highlighting the company’s extensive R&D investments.

Knowles Corporation (NYSE: KN) has launched the AISonic™ White Goods Standard Solution, streamlining voice integration for smart appliances. This development kit allows OEMs and ODMs to easily incorporate voice control and speech recognition into devices like refrigerators and ovens. Built on the AISonic Audio Edge Processor IA8201, it supports multiple voice assistants and promotes a richer user experience. The smart appliance market is rapidly growing, with an expected shipment of 66M voice processors by 2024, showcasing a significant CAGR of 55% from 2019 to 2024.