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UEIC Universal Electronics

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
IRS number
330204817

UEIC stock data

(
)

Calendar

6 May 21
3 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 55.36M 55.36M 55.36M 55.36M 55.36M 55.36M
Cash burn (monthly) 596.67K 297K (positive/no burn) (positive/no burn) 2.24M (positive/no burn)
Cash used (since last report) 2.47M 1.23M n/a n/a 9.27M n/a
Cash remaining 52.9M 54.14M n/a n/a 46.09M n/a
Runway (months of cash) 88.7 182.3 n/a n/a 20.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Chahil Satjiv S Common Stock Option exercise Aquire M Yes No 0 1,250 0 116,311
1 Jul 21 Chahil Satjiv S RSU Common Stock Grant Aquire A No No 0 5,000 0 5,000
1 Jul 21 Chahil Satjiv S RSU Common Stock Option exercise Dispose M No No 0 1,250 0 0
1 Jul 21 Mulligan William C Common Stock Option exercise Aquire M Yes No 0 1,250 0 21,163
1 Jul 21 Mulligan William C RSU Common Stock Grant Aquire A No No 0 5,000 0 5,000
1 Jul 21 Mulligan William C RSU Common Stock Option exercise Dispose M No No 0 1,250 0 0
1 Jul 21 Hamilton Sue Ann Common Stock Option exercise Aquire M Yes No 0 1,250 0 8,333
1 Jul 21 Hamilton Sue Ann RSU Common Stock Grant Aquire A No No 0 5,000 0 5,000
1 Jul 21 Hamilton Sue Ann RSU Common Stock Option exercise Dispose M No No 0 1,250 0 0
1 Jul 21 Stapleton Gregory Common Stock Payment of exercise Dispose F No No 48.705 625 30.44K 35,726

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

89.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 141 146 -3.4%
Opened positions 15 16 -6.3%
Closed positions 20 18 +11.1%
Increased positions 44 42 +4.8%
Reduced positions 60 64 -6.3%
13F shares
Current Prev Q Change
Total value 909.35M 717.9M +26.7%
Total shares 12.38M 13.67M -9.4%
Total puts 5.6K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK Blackrock 2.19M $120.48M +4.9%
Eagle Asset Management 1.99M $111.29M +2.6%
Vanguard 856.1K $47.06M -0.1%
Dimensional Fund Advisors 798.16K $43.96M -5.6%
Investment Counselors Of Maryland 653.25K $35.91M +12.7%
STT State Street 495.43K $27.23M +3.1%
Manufacturers Life Insurance Company, The 408.12K $22.43M +22.1%
Russell Investments 391.39K $21.51M -10.5%
RY Royal Bank Of Canada 378.26K $20.79M +0.4%
Peregrine Capital Management 312.9K $17.2M -3.4%
Largest transactions
Shares Bought/sold Change
Carillon Tower Advisers 0 -1.19M EXIT
BLK Blackrock 2.19M +101.54K +4.9%
GS Goldman Sachs 29.95K -83.9K -73.7%
Manufacturers Life Insurance Company, The 408.12K +73.87K +22.1%
Investment Counselors Of Maryland 653.25K +73.42K +12.7%
Eagle Asset Management 1.99M +50.73K +2.6%
Dimensional Fund Advisors 798.16K -47.66K -5.6%
Russell Investments 391.39K -45.82K -10.5%
BMO Bank of Montreal 124.19K -44.45K -26.4%
Renaissance Technologies 109.1K -41.9K -27.7%

Financial report summary

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Management Discussion
  • Net sales. Net sales for the three months ended March 31, 2021 were $150.5 million, a slight decrease compared to $151.8 million for the three months ended March 31, 2020. Beginning in the first quarter of 2020, the COVID-19 pandemic began to adversely affect our sales, primarily in the subscription broadcast channel. Through the first quarter of 2021, the ill effects caused by the pandemic on the subscription broadcast channel still remain.
  • Gross profit. Gross profit for the three months ended March 31, 2021 was $46.4 million compared to $42.9 million for the three months ended March 31, 2020. Gross profit as a percentage of sales increased to 30.8% for the three months ended March 31, 2021 from 28.3% for the three months ended March 31, 2020. Gross profit as a percentage of sales was favorably impacted by a mix shift toward higher margin revenue streams such as royalties, as a few of the largest consumer electronic companies in the world are embedding our technology in their devices. The gross margin increase due to mix shift was partially offset by the weakening of the U.S. Dollar versus the Chinese Yuan Renminbi and Mexican Peso.
  • Research and development ("R&D") expenses. R&D expenses remained consistent at $7.9 million for both the three months ended March 31, 2021 and the three months ended March 31, 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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Patents

GRANT
Utility
System and method for appliance control via a personal communication or entertainment device
3 Aug 21
A system for use in controlling operating functions of a controllable device includes a hand-held device and an intermediate device in communication with the hand-held device and the controllable device.
GRANT
Utility
System and method for reconfiguration of an entertainment system controlling device
27 Jul 21
An entertainment device initiates a configuration process of a controlling device in response to a change in an audio visual entertainment system configuration in which at least one of a plurality devices is connected to the entertainment device as an audio and/or visual source and at least one of the plurality of devices is connected to the entertainment device as an audio and/or visual output destination for the entertainment device.
APP
Utility
System and Method for Optimized Appliance Utilization
15 Jul 21
A system and method functions to automatically determine a capability of a consumer electronic device and capabilities of ports of an appliance to which the consumer electronic device is connected.
GRANT
Utility
Method and apparatus of powering an electronic device using a removable power supply
6 Jul 21
An electronic device lacking an internal power supply comprises electronic circuitry, an external power adapter having an input connector for receiving AC power from a conventional AC power outlet and for providing a low-voltage output signal to an output connector, and a first port electronically coupled to the electronic circuitry for receiving the low-voltage output signal from the output connector of the power adapter and for providing the low-voltage output signal to the electronic circuitry.
APP
Utility
Method, System and Apparatus for Electronic Device Enrollment
1 Jul 21
A system, method and apparatus for automatically enrolling wireless end devices with a base station and/or other device or system.