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Universal Electronics (UEIC)

Founded in 1986, Universal Electronics Inc. is the global leader in universal control and sensing technologies for the smart home. The company designs, develops, manufactures and ships over 500 innovative products that are used by the world's leading brands in the consumer electronics, subscription broadcast, security, home automation, hospitality and climate control markets.

Company profile

Ticker
UEIC
Exchange
Website
CEO
Paul Arling
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
C.G. Development Ltd. • CG Mexico Distribution Co. • CG Mexico • Ecolink Intelligent Technology, Inc. • Enson Assets Ltd. • Gemstar Polyfirst Ltd. • Gemstar Technology (Qinzhou) Co. Ltd. • Gemstar Technology (Yangzhou) Co. Ltd. • Guangzhou Universal Electronics Service Co., Ltd. • One For All France S.A.S. ...
IRS number
330204817

UEIC stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 46.13M 46.13M 46.13M 46.13M 46.13M 46.13M
Cash burn (monthly) 2.5M 1.8M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 3.58M 2.57M n/a n/a n/a n/a
Cash remaining 42.55M 43.56M n/a n/a n/a n/a
Runway (months of cash) 17.0 24.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jul 22 Romulo Pontual Empl. Stock Option (Rt. to Buy) Common Stock Grant Acquire A No No 26.645 20,000 532.9K 20,000
27 Jul 22 Romulo Pontual RSU Common Stock Grant Acquire A No No 0 4,639 0 4,639
92.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 136 145 -6.2%
Opened positions 11 23 -52.2%
Closed positions 20 20
Increased positions 48 39 +23.1%
Reduced positions 54 59 -8.5%
13F shares Current Prev Q Change
Total value 360.62M 1.07B -66.3%
Total shares 11.64M 11.74M -0.8%
Total puts 16.9K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners Shares Value Change
BLK Blackrock 2.12M $66.09M -0.4%
Eagle Asset Management 1.46M $45.74M -13.9%
Vanguard 846K $26.43M +2.3%
Dimensional Fund Advisors 758.81K $23.71M +0.0%
William Blair Investment Management 631.22K $19.72M -1.3%
Manufacturers Life Insurance Company, The 538.04K $16.81M -0.4%
STT State Street 520.37K $16.26M +1.6%
RBC Global Asset Management 512.26K $12.95M 0.0%
AMP Ameriprise Financial 325.09K $10.16M +140.7%
Geode Capital Management 236.95K $7.4M +3.3%
Largest transactions Shares Bought/sold Change
Eagle Asset Management 1.46M -235.89K -13.9%
AMP Ameriprise Financial 325.09K +190.04K +140.7%
RY Royal Bank Of Canada 5.74K -129.81K -95.8%
Boothbay Fund Management 0 -58.66K EXIT
Lapides Asset Management 230.3K +56.6K +32.6%
J.W. Cole Advisors 46.86K +46.86K NEW
JPM JPMorgan Chase & Co. 86.96K -43.48K -33.3%
Russell Investments 183.86K +34.84K +23.4%
Foundry Partners 156.71K +28.16K +21.9%
Charles Schwab Investment Management 181.87K +21.83K +13.6%

Financial report summary

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Management Discussion
  • Net sales. Net sales for the three months ended June 30, 2022 were $139.1 million compared to $150.5 million for the three months ended June 30, 2021. Our subscription broadcast channel experienced the largest decrease in sales when compared to the prior year period as a result of component shortages and lower customer demand. Sales in our retail channel also declined due a loss of a customer in North America and macroeconomic headwinds. Partially offsetting these decreases is an increase in sales in our HVAC channel as we continue to gain market share.
  • Gross profit. Gross profit for the three months ended June 30, 2022 was $39.4 million compared to $44.7 million for the three months ended June 30, 2021. Gross profit as a percentage of sales decreased to 28.3% for the three months ended June 30, 2022 from 29.7% for the three months ended June 30, 2021 as a direct result of inflationary pressures associated with raw materials and components, freight costs and wages. In order to mitigate the effect of inflationary pressures, we implemented sales price increases on certain products throughout the first two quarters of 2022.
  • Research and development ("R&D") expenses. R&D expenses increased to $8.6 million for the three months ended June 30, 2022 from $7.7 million in the prior year period. The increase in R&D expenses is due to an increase in product development activities.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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Patents

Utility
Configurable Security System
11 Aug 22
Systems, methods and apparatus are described to selectively monitor a portion of a premises by a security system.
Utility
Method and Apparatus for Interaction with an Intelligent Personal Assistant
11 Aug 22
Aspects of the present invention are directed towards a more natural way to interact with an intelligent personal assistant.
Utility
Illumination feature for electronic devices
9 Aug 22
The present disclosure provides an illumination feature for an electronic device.
Utility
System and method for optimized appliance control
9 Aug 22
In response to a detected presence of an intended target appliance within a logical topography of controllable appliances identity information associated with the intended target appliance is used to automatically add to a graphical user interface of a controlling device an icon representative of the intended target appliance and to create at a Universal Control Engine a listing of communication methods for use in controlling corresponding functional operations of the intended target appliance.
Utility
System and Methods for Providing Orientation Compensation In Pointing Devices
4 Aug 22
Axis orientation compensation is provided in a system in which movement of a controlling device is used to control navigational functions of a target appliance by determining which one of plural sides of the controlling device is an active side of the controlling device and by causing navigational functions of the target appliance made relative to at least one of an X, Y, and Z axis of the target appliance to be dynamically aligned with movements of the controlling device made relative to at least one of an A, B, and C axis of the controlling device as a function of the one of the plural sides of the controlling device that is determined to be the active side of the controlling device.