Welcome to our dedicated page for Universal Electrs news (Ticker: UEIC), a resource for investors and traders seeking the latest updates and insights on Universal Electrs stock.
Universal Electronics Inc. (NASDAQ: UEIC) is frequently in the news as it reports on its role in wireless universal control solutions for the home and its relationships with major home entertainment and connected home brands. This news page aggregates coverage of UEIC’s announcements, giving investors and observers a single place to review the company’s latest public communications.
Regular news items include quarterly and annual financial results, where Universal Electronics reports net sales in its connected home and home entertainment categories, discusses gross margins and operating performance, and provides financial outlook commentary. These releases often explain how growth in connected home compares with trends in home entertainment and describe management’s priorities around profitability, cost management and capital allocation.
Readers will also find corporate and governance updates, such as leadership transitions in the Chief Executive Officer and Chief Financial Officer roles, board composition changes, and participation in investor conferences like small-cap events. Such announcements provide context on how the company’s leadership and board approach long-term strategy and stockholder value.
Another important stream of news relates to product and technology positioning. Universal Electronics uses its releases to reiterate its focus on user-centric control products, privacy-first and secure-by-design smart device solutions, and platforms such as QuickSet Cloud and voice control entertainment remote controls. Commentary around events like CES highlights new products and technologies, interest from existing and prospective customers, and the company’s views on opportunities in connected home and home entertainment.
By following this page, readers can review UEIC’s press releases on financial performance, strategic initiatives, credit facility amendments disclosed via 8-K references, share repurchase authorizations, and risk factor discussions included in forward-looking statements. The news feed helps users understand how Universal Electronics communicates its progress, challenges and plans across its connected home and home entertainment businesses.
Universal Electronics Inc. (UEI) will host a conference call on May 6, 2021, at 4:30 p.m. ET to discuss its Q1 2021 earnings results. The call aims to provide a comprehensive financial and business update while addressing investor queries. Interested participants can join by dialing the appropriate numbers for U.S. or international access, with a conference ID of 9779890. The event will also be broadcast live on the company's investor website and will remain available for replay for one year.
Universal Electronics Inc. (UEI) has announced a partnership with Instreamatic to develop interactive voice-enabled advertising for home entertainment devices, including smart TVs and set-top boxes. This collaboration aims to enhance ad experiences through conversational content, leveraging UEI's leadership in voice technology. Instreamatic’s platform will allow advertisers to manage and monetize ads effectively. Solutions are expected to be available for smart TV manufacturers by April 2021 and for video service providers by June 2021. UEI aims to drive increased revenue opportunities for its customers through this integration.
Universal Electronics (UEIC) announced that Paul Arling, Chairman and CEO, along with Bryan Hackworth, Senior VP and CFO, will attend the Sidoti Spring 2021 Virtual Conference. They are scheduled for one-on-one meetings on March 24 and 25, with a formal presentation at 1:00 PM ET on March 25. A webcast of the presentation will be available live and for replay for 90 days.
Universal Electronics Inc. (UEIC) will host a virtual Investor Day on March 19, 2021, starting at 9:00 a.m. PT/12:00 p.m. ET. CEO Paul Arling and the leadership team will discuss the company's vision, strategy, and financial outlook, highlighting trends and opportunities within their business channels. Attendees can preview UEI's latest product innovations aimed at enhancing smart home experiences. Pre-registration for the event is available here. A recording will be accessible for one year on the Investor section of UEI's website.
Universal Electronics Inc. (UEIC) announced the availability of its QuickSet technology on LG's webOS TV platform, enhancing device discovery and control for smart home devices. This partnership aims to improve user experience with advanced features such as voice control and automated setup. UEI's QuickSet, a key element of LG's ecosystem, supports over 1 million unique devices from 12,000 brands. The collaboration highlights UEI's long-term relationship with LG and positions the company favorably in the growing connected devices market.
Universal Electronics Inc. (UEI) reported its financial results for Q4 and FY 2020, indicating a profitable year despite lower sales. Q4 GAAP net sales totaled $156.3 million, down from $174.7 million, but gross margins reached a decade-high of 32.7%. For FY 2020, GAAP net sales were $614.7 million, a decrease from $753.5 million. Net income rose significantly to $38.6 million, or $2.72 per diluted share. UEI projects Q1 2021 GAAP net sales between $150 million and $160 million, with diluted EPS expected between $0.40 and $0.50.
Universal Electronics (UEI) has launched the Comfort family of connected thermostats aimed at simplifying climate control in residential, commercial, and hospitality settings. These innovative thermostats feature a large color display and advanced sensing capabilities, including temperature, humidity, and CO2 monitoring. The first model will be available in H2 2021, with further adaptations for the hospitality sector. The product leverages UEI's QuickSet Cloud for easy setup and interoperability with smart home devices, promising energy savings without compromising comfort.
Universal Electronics Inc. (UEIC) announced the launch of QuickSet® Widget, enhancing its smart home technology portfolio. QuickSet Widget enables OEMs to easily upgrade their products for cloud connectivity, offering built-in Wi-Fi and Bluetooth Low Energy. The module simplifies development with a hardware kit and integrates with QuickSet Cloud for device management. Available for sampling in Q2 2021, with volume shipments expected in Q3 2021, the QuickSet Widget aims to improve user experiences across various home product segments. This product reimagines the lifecycle of connected devices.
Universal Electronics Inc. (UEI) will conduct a conference call on February 18, 2021, at 4:30 p.m. ET to share its fourth quarter 2020 earnings results. The call will feature a financial and business update, followed by a Q&A session. Interested participants can join via U.S. dial-in number 877-843-0414 or international number 315-625-3071. The conference ID is 1741589. The event will also be live-streamed on the UEI investor website and available for replay for one year.
Universal Electronics Inc. (UEIC) has launched the UEI Virtual Agent, an AI-powered support framework aimed at enhancing user experience for entertainment and smart home devices. This tool addresses common issues such as onboarding, troubleshooting, and feature discovery, reducing support costs for manufacturers and service providers. It integrates seamlessly into connected devices and support platforms, and is accessible on various screens, including TV and mobile. Initially launched for UEI devices in Q3 2020, the service will be available globally to OEMs in consumer electronics by Q2 2021.
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