Universal Electrs Inc Stock Price, News & Analysis

Universal Electronics Inc. (NASDAQ: UEIC) will participate in the Sidoti & Company Small Cap Virtual Conference on March 23-24, 2022. CEO Paul Arling and CFO Bryan Hackworth are scheduled to present at 2:30 p.m. ET on March 23 and will hold one-on-one meetings on both conference days. A live webcast of the presentation will be available and can be replayed for 90 days. Universal Electronics is a leader in wireless control solutions for home entertainment and smart home devices, serving major brands in various markets.

Universal Electronics Inc. (UEIC) is partnering with Ambient Photonics to showcase their innovative low-light energy harvesting solar cells for IoT devices. Ambient's technology, recognized as a finalist at the SXSW Innovation Awards, aims to eliminate disposable batteries, enhancing sustainability in connected devices. UEI's new ETERNA Platform remote will incorporate Ambient's solar cells, reducing the need for battery replacements and lowering CO₂ emissions. The awards ceremony will occur on March 14, 2022, during the SXSW Conference.

Universal Electronics Inc. (UEI) reported a challenging financial performance for Q4 and the full year 2021, with GAAP net sales declining to $144.9 million from $156.3 million year-over-year. Operating losses reached $3.3 million compared to a $12.5 million profit in 2020. The company forecasts Q1 2022 GAAP net sales between $135 million and $145 million, down from $150.5 million in Q1 2021, alongside anticipated earnings per diluted share ranging from ($0.05) to $0.05. UEI remains committed to innovation, projecting long-term growth targets of 5% to 10% in sales and 10% to 20% in EPS.

Universal Electronics Inc. (NASDAQ: UEIC) will hold a conference call on February 17, 2022, at 4:30 p.m. ET to discuss its Q4 2021 and full year earnings results. The management team will provide key financial updates and address questions from participants. Interested parties can access the call by dialing 877-843-0414 in the U.S. or 315-625-3071 internationally, or via the UEI investor website. A replay will be available for one year on the website.

Universal Electronics Inc. (UEIC) announces the launch of the Nevo® Butler, a hands-free, voice-enabled entertainment and smart home hub in partnership with Vodafone Portugal. This innovative device integrates with Vodafone's infrastructure, enhancing user experience by allowing customers to control connected devices and access entertainment services via voice commands. Nevo Butler supports various ecosystems and aims to expand the functionality of Vodafone's existing voice assistant, driving customer engagement and satisfaction.

Universal Electronics Inc. (NASDAQ: UEIC) launched its new QuickSet®-certified connectivity silicon products at CES 2022 in Las Vegas. These Extreme Low-Power SOCs enhance user experience through increased processing power and energy efficiency. Benefits include up to 2.5 times more processing power, 80% lower power consumption, and integrated energy harvesting capabilities. UEI aims to reduce battery waste and CO2 footprint while ensuring robust security features like ARM TrustZone. The initial offerings include UE961 and UE962, with a multi-protocol version to follow.

Universal Electronics Inc. (NASDAQ: UEIC) will showcase its latest innovations in wireless control solutions for home entertainment and smart home devices at CES 2022 in Las Vegas, January 5–8. Key features include QuickSet 5.0 enhancements, the Nevo Butler hub, and sustainable solutions like the Extreme Low Power (XLP) connectivity SOCs, which consume 80% less battery power. UEI emphasizes interoperability and user experience improvements across its product line, including smart thermostats and advanced remote controls.

Universal Electronics Inc. (NASDAQ: UEIC), a leader in wireless control solutions for entertainment and smart home devices, announced that its CEO, Paul Arling, and CFO, Bryan Hackworth, will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. They are scheduled to present on January 13, 2022, at 4:15 p.m. ET, and will host one-on-one meetings from January 11-13, 2022. A live webcast of the presentation will be available for 90 days at www.uei.com.

Universal Electronics Inc. (NASDAQ: UEIC) has achieved a significant victory in its patent infringement case against Roku, Inc. The U.S. International Trade Commission (ITC) has determined that several Roku products infringe on UEI’s patent, leading to a ban on the importation and sale of these products effective January 9, 2022. The ITC found substantial evidence of infringement regarding six claims of UEI’s U.S. Patent No. 10,593,196. UEI plans to work with U.S. Customs and Border Protection to enforce this ban and continues litigation against Roku in federal court.