Financial Performance - GAAP net sales for Q2 2024 were $90.5 million, down from $107.4 million in Q2 2023, representing a decrease of approximately 15.9%[3] - For the first half of 2024, GAAP net sales were $182.4 million, down from $215.8 million in the same period of 2023, a decrease of approximately 15.4%[4] - Net sales for Q2 2024 were $90,452 thousand, a decrease of 16% compared to $107,391 thousand in Q2 2023[16] - The company expects Q3 2024 GAAP net sales to range from $98.0 million to $108.0 million, compared to $107.1 million in Q3 2023[5] - The company expects GAAP net sales for the three months ending September 30, 2024, to range between $98,000 thousand and $108,000 thousand, compared to $107,095 thousand for the same period in 2023[22] Profitability and Loss - GAAP net loss for Q2 2024 was $8.2 million, or $0.63 per share, compared to a net loss of $10.4 million, or $0.81 per share in Q2 2023, showing an improvement of 21.2%[3] - Operating loss for Q2 2024 was $(4,453) thousand, an improvement from $(9,132) thousand in Q2 2023[16][19] - Net loss for Q2 2024 was $(8,193) thousand, compared to a net loss of $(10,411) thousand in Q2 2023[16] - The company anticipates being profitable in the second half of 2024 and expects consistent sales and earnings growth into 2025 and beyond[2] - Diluted earnings per share (GAAP) for the three months ending September 30, 2024, are projected to be between $(0.33) and $(0.23), an improvement from $(1.50) in the same period of 2023[22] Gross Margin and Profitability Metrics - GAAP gross margin increased to 28.7% in Q2 2024, up 580 basis points from 22.9% in Q2 2023[3] - The gross margin for the first half of 2024 was 28.5%, an increase from 22.9% in the first half of 2023[4] - Gross profit increased to $25,952 thousand in Q2 2024, up from $24,617 thousand in Q2 2023, resulting in a gross margin of 28.7%[16][19] - GAAP gross margin for the three months ended June 30, 2024, included $1.4 million of excess manufacturing overhead costs, impacting gross margin by 160 basis points[20] - The company incurred $2.6 million in excess manufacturing costs for the six months ended June 30, 2024, which affected gross margin by 140 basis points[20] Cash and Cash Equivalents - Cash and cash equivalents as of June 30, 2024, were $23.1 million, down from $42.8 million at the end of 2023[15] - Cash and cash equivalents at the end of Q2 2024 were $23,128 thousand, a decrease from $55,823 thousand at the end of Q2 2023[17] - Net cash provided by operating activities for the first six months of 2024 was $2,675 thousand, compared to $13,255 thousand in the same period of 2023[17] Operating Expenses - Total operating expenses for Q2 2024 were $30,405 thousand, down from $33,749 thousand in Q2 2023[19] - Research and development expenses for Q2 2024 were $7,520 thousand, down from $8,484 thousand in Q2 2023[16] - Adjusted Non-GAAP operating loss for Q2 2024 was $(1,147) thousand, an improvement from $(4,534) thousand in Q2 2023[19] Share Repurchase and Restructuring - The company repurchased approximately 27,000 shares for $0.3 million during Q2 2024[3] - The company is undergoing factory restructuring, with costs of $1.6 million associated with the closure of its southwestern China factory and downsizing of its Mexico factory[20] - The company incurred factory restructuring charges of $1,555 thousand in Q2 2024, with no such charges reported in Q2 2023[19] Adjusted Non-GAAP Metrics - Adjusted Non-GAAP earnings per diluted share for Q3 2024 are expected to range from $0.01 to $0.11, compared to $0.06 in Q3 2023[5] - Adjusted Non-GAAP net income for the six months ended June 30, 2024, was $(4,610) thousand, a decrease from $(8,839) thousand in the same period of 2023, reflecting a 47.9% improvement[20] - Total adjustments for diluted earnings per share (GAAP) for the three months ended September 30, 2024, are expected to be $0.34, consistent with the previous year[22]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21044 _______________________________________ UNIVERSAL ELECTRONICS INC. (Exact Name of R ...

Universal Electronics Inc. (NASDAQ:UEIC) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Kirsten Chapman - LHA Investor Relations Paul Arling - Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Gregory Burns - Sidoti & Company, LLC Bill Dezellem - Tieton Capital Management Benjamin Alexander - Alexander Capital Management, LLC Operator Good day, and thank you for standing by. Welcome to the Universal Electronics First Quarter 2024 Fin ...

Exhibit 99 Universal Electronics Reports Financial Results for the First Quarter 2024 SCOTTSDALE, AZ – May 2, 2024 – Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2024. "Focused on building for a better future and expanding our end market reach, we continue to shift sales and product development resources to our climate control and home automation channels," said UEI Chairman and CEO Paul Arling. "We are very encouraged by numerous customer w ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21044 _______________________________________ UNIVERSAL ELECTRONICS INC. (Ex ...

Universal Electronics Inc. (NASDAQ:UEIC) Q4 2023 Results Conference Call February 15, 2024 4:30 PM ET Company Participants Kirsten Chapman - LHA, Investor Relations Paul Arling - Chairman & CEO Bryan Hackworth - Chief Financial Officer & Senior VP Conference Call Participants Steven Frankel - Rosenblatt Securities Greg Burns - Sidoti Jeff Van Sinderen - B. Riley Operator Good day, and thank you for standing by. Welcome to Universal Electronics Fourth Quarter 2023 Financial Results Conference Call. At this t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21044 _______________________________________ UNIVERSAL ELECTRONICS INC. (Exact Name ...

Universal Electronics Inc. (NASDAQ:UEIC) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Kirsten Chapman - MD/Principal SF, LHA, IR Paul Arling - Chairman & CEO Bryan Hackworth - CFO Conference Call Participants Steve Franco - Rosenblatt Securities Greg Burns - Sidoti Operator Good day, and thank you for standing by. Welcome to the Universal Electronics Third Quarter 2023 Financial Results Conference Call. At this time, all participants are in listen-only mode. After the sp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21044 _______________________________________ UNIVERSAL ELECTRONICS INC. Indicate by check ...

Universal Electronics Inc. 23rd Annual B. Riley Securities Institutional Investor Conference as of March 31, 2023 May 24, 2023 SAFE HARBOR STATEMENT This presentation contains "forward-looking statements" within the meaning of federal securities laws, including net sales, profit margin and earnings trends, estimates and assumptions; our expectations about new product introductions; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that ...