Welcome to our dedicated page for Voxx Intl news (Ticker: VOXX), a resource for investors and traders seeking the latest updates and insights on Voxx Intl stock.
VOXX International Corporation (NASDAQ: VOXX) delivers cutting-edge automotive electronics and premium audio solutions through brands like Klipsch® and RCA®. This news hub provides investors and industry professionals with direct access to official corporate announcements and market-moving developments.
Our curated collection features earnings reports, product launch details, partnership announcements, and regulatory filings. Track VOXX's progress in automotive security systems, in-vehicle entertainment innovations, and emerging biometric technologies through verified press releases and financial disclosures.
Key updates include quarterly financial results, executive leadership changes, manufacturing expansions, and technology licensing agreements. All content is sourced directly from VOXX International's corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to essential information about VOXX's market position in automotive OEM solutions and consumer electronics. Check regularly for updates on strategic initiatives affecting the company's global operations across North America, Europe, and Asia.
VOXX International Corporation (NASDAQ: VOXX) reported strong financial results for its Fiscal 2022 first quarter, ending May 31, 2021. Net sales reached $137.1 million, a 90.4% increase from $72.0 million in the previous year. Positive net income of $2.7 million contrasted sharply with a loss of $8.3 million in the same quarter last year. Adjusted EBITDA rose to $8.3 million, up from a loss of $3.2 million. The company anticipates ongoing growth despite supply chain challenges. Key developments include a planned acquisition of Onkyo's A/V business, contributing an estimated $50 million in sales this year.
VOXX International Corporation (NASDAQ: VOXX) will report its Fiscal 2022 Q1 results on July 12, 2021, after market close. A conference call and webcast to discuss the results will be held on July 13, 2021, at 10:00 a.m. Eastern. This leading manufacturer in automotive and consumer technologies has a broad portfolio, including automotive electronics and biometrics, serving a global market. Investors can follow the call via toll-free and international numbers or through the VOXX website for further updates.
VOXX International Corporation (NASDAQ: VOXX) announced a joint venture with Sharp Corporation to acquire certain assets of Onkyo Home Entertainment Corporation for $30.8 million. The acquisition, approved by Onkyo shareholders on June 25, 2021, will see Premium Audio Company, a subsidiary of VOXX, owning 75% of the JV while Sharp holds 25%. The JV will manage the brands and manufacturing rights of Onkyo and Integra, anticipating $50 million in sales during fiscal 2022. Finalization is expected by August 30, 2021.
VOXX International Corporation (NASDAQ: VOXX) announced a joint acquisition of Onkyo Home Entertainment Corp's audio/video business with Sharp Corporation for approximately $30.8 million. The deal, pending Onkyo's shareholder approval on June 25, 2021, will establish a joint venture owning Onkyo's assets, including intellectual property and manufacturing rights. Premium Audio Company, a VOXX subsidiary, will handle sales, while Sharp will manage manufacturing. CEO Pat Lavelle anticipates significant growth, stating that this acquisition is a crucial addition to the Premium Audio Company amidst strong demand for Onkyo products.
VOXX International Corporation (NASDAQ: VOXX) announced that its President and CEO, Pat Lavelle, will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 2:40 p.m. ET. Interested parties can access the live webcast on the Company's investor relations website. Lavelle will also engage in virtual 1-on-1 meetings throughout the day. VOXX is a leader in automotive and consumer technologies, offering a portfolio of about 35 brands in automotive electronics, consumer electronics, and biometrics. For more information, visit www.voxxintl.com.
VOXX International Corporation (NASDAQ: VOXX) reported strong financial results for the fourth quarter and fiscal year 2021. Net sales for Q4 reached $162.5 million, up 60.8% year-over-year, driven by growth in both Automotive and Consumer Electronics segments. Fiscal 2021 net sales totaled $563.6 million, a 42.7% increase compared to the previous year. The company achieved net income of $26.8 million, a significant turnaround from a net loss of $26.4 million in FY 2020. Despite a slight decrease in gross margin, VOXX anticipates robust growth and improved EBITDA in the upcoming fiscal year, bolstered by recent acquisitions and strategic partnerships.
VOXX International Corporation (NASDAQ: VOXX) announces a four-year exclusive distribution agreement with GalvanEyes LLC, managed by its largest shareholder, Beat Kahli. GalvanEyes will distribute EyeLock products in the EU, Puerto Rico, Malaysia, Singapore, and select U.S. government agencies. The deal includes a $10 million payment and an annual fee up to $5 million, with a unique put/call option affecting 20% equity interest in EyeLock. CEO Pat Lavelle highlights the strategic partnership as a means to reduce cash burn and enhance market reach for EyeLock's technology.
VOXX International Corporation (NASDAQ: VOXX) has signed a Letter of Intent to acquire the Home A/V business of Onkyo Home Entertainment Corporation, partnering with Sharp Corporation. The companies aim to finalize a Definitive Agreement by May 20, 2021, for presentation to Onkyo's shareholders on June 25, 2021. VOXX previously expanded its partnership with Onkyo in July 2020 and has a long-standing manufacturing relationship with Sharp. CEO Pat Lavelle expressed optimism about leveraging Onkyo's strong brands and VOXX's distribution capabilities for growth.
VOXX International Corporation (NASDAQ: VOXX) will announce its fiscal 2021 fourth quarter and year-end results on May 13, 2021, after market close. A conference call is set for the same day at 5 p.m. Eastern, allowing investors and analysts to discuss the results. VOXX has established itself as a leader in automotive and consumer electronics, with a diverse portfolio and extensive distribution network. The company is also actively addressing the impact of COVID-19 on operations and navigating various market risks.
EyeLock LLC, a subsidiary of VOXX International Corporation (NASDAQ: VOXX), has secured a significant contract to manage access control for four data center facilities in Egypt's New Capital City. The contract highlights EyeLock's Portable Template solution, which offers a secure, contactless iris biometric authentication system, protecting users' personal data. This technology solves privacy concerns by eliminating the need for biometric databases, aligning with global data regulations. EyeLock aims to enhance security for large user groups while maintaining privacy standards.
FAQ
What is the current stock price of Voxx Intl (VOXX)?
What is the market cap of Voxx Intl (VOXX)?
