Docoh
Loading...

VOXX VOXX International

Voxx International Corp. engages in the manufacturing and distribution of consumer electronic products. It operates through the following segments: Automotive, Premium Audio, and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, automotive security, remote start systems, digital TV tuners, mobile antennas, mobile multimedia devices, aftermarket/OE-styled radios, car-link smartphone telematics application, collision avoidance systems, and location-based services. The Premium Audio segment focuses in marketing home theater systems, high-end loudspeakers, outdoor speakers, iPod/computer speakers, business music systems, cinema speakers, flat panel speakers, bluetooth speakers, soundbars, headphones, and digital living network alliance. The Consumer Accessories segment deals in the distribution of remote controls; wireless and bluetooth speakers; karaoke products; action cameras; iris identification and biometric security related products; personal sound amplifiers; smart-home security and safety products; infant and nursery products; and A/V connectivity, portable, and home charging, The company was founded by John J. Shalam in 1960 and is headquartered in Orlando, FL.

Company profile

Ticker
VOXX
Exchange
Website
CEO
Patrick Lavelle
Employees
Incorporated
Location
Fiscal year end
Former names
AUDIOVOX CORP
SEC CIK
IRS number
131964841

VOXX stock data

(
)

Calendar

10 Jan 21
12 Apr 21
1 Mar 22
Quarter (USD)
Nov 20 Aug 20 May 20 Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 20 Feb 19 Feb 18 Feb 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) 21.34M 21.34M 21.34M 21.34M 21.34M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 846K 211.5K
Cash used (since last report) n/a n/a n/a 3.74M 936.21K
Cash remaining n/a n/a n/a 17.59M 20.4M
Runway (months of cash) n/a n/a n/a 20.8 96.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Mar 21 Lavelle Patrick M Class A Common Stock Sell Dispose S No No 24.4 100 2.44K 388,203
1 Mar 21 Lavelle Patrick M Class A Common Stock Grant Aquire A No No 22.48 60,653 1.36M 427,650
1 Mar 21 Lavelle Patrick M Class A Common Stock Grant Aquire A No No 22.48 60,653 1.36M 388,303
23 Oct 20 Peter A Lesser Class A Common Stock Sell Dispose S No No 13.65 5,000 68.25K 10,000
12 Oct 20 Peter A Lesser RSU Class A Common Grant Aquire A No No 0 10,000 0 10,000
12 Oct 20 John Adamovich Jr RSU Class A Common Grant Aquire A No No 0 10,000 0 10,000

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

70.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 69 62 +11.3%
Opened positions 17 5 +240.0%
Closed positions 10 10
Increased positions 15 19 -21.1%
Reduced positions 23 23
13F shares
Current Prev Q Change
Total value 39.16B 27.26B +43.7%
Total shares 15.24M 11.12M +37.1%
Total puts 6K 25.5K -76.5%
Total calls 153.1K 174.2K -12.1%
Total put/call ratio 0.0 0.1 -73.2%
Largest owners
Shares Value Change
Kahli Beat 4.11M $49.84M NEW
Kahn Brothers 3.05M $38.95B -13.6%
Dimensional Fund Advisors 1.51M $19.28M -3.9%
BLK Blackrock 1.35M $17.22M -3.1%
Vanguard 857.29K $10.94M -6.4%
Renaissance Technologies 824.92K $10.53M -4.3%
Driehaus Capital Management 512.43K $6.54M NEW
STT State Street 303.63K $3.87M +30.5%
MS Morgan Stanley 292.23K $3.73M +27.2%
Geode Capital Management 270.52K $3.45M -6.4%
Largest transactions
Shares Bought/sold Change
Kahli Beat 4.11M +4.11M NEW
Driehaus Capital Management 512.43K +512.43K NEW
Kahn Brothers 3.05M -480.09K -13.6%
EAM Investors 105.15K +105.15K NEW
Fort Pitt Capital 0 -83.34K EXIT
Oberweis Asset Management 82.3K +82.3K NEW
Essex Investment Management 80.19K +80.19K NEW
STT State Street 303.63K +71.04K +30.5%
MS Morgan Stanley 292.23K +62.58K +27.2%
Dimensional Fund Advisors 1.51M -61.66K -3.9%

Financial report summary

?
Competition
Emerson RadioPanasonicSonosDensoKenwoodGeneral Motors
Risks
  • Major public health issues, and specifically, the pandemic caused by the spread of COVID-19, could have an adverse impact on our financial condition and results of operations and other aspects of our business.
  • Our businesses are highly competitive and face significant competition from Original Equipment Manufacturers (OEMs) and direct imports by our retail and commercial customers.
  • Sales in our businesses are dependent on new products, product development and consumer acceptance.
  • The impact of technological advancements may cause price erosion and adversely impact our profitability and inventory value.
  • We purchase a significant amount of our products from suppliers in Pacific Rim countries and we are subject to the economic risks associated with inherent changes in the social, political, regulatory and economic conditions not only in these countries, but also in other countries we do business in, including our own.
  • A commercial market for biometrics technology is still developing. There can be no assurance our iris-based identity authentication technology will be successful or achieve market acceptance.
  • We face intense competition from other biometrics solutions providers.
  • There is no guarantee that patent/royalty rights will be renewed, or licensing agreements will be maintained.
  • A portion of our workforce is represented by labor unions. Collective bargaining agreements can increase our expenses. Labor disruptions could adversely affect our operations.
  • We have few long-term sales contracts with our customers that contain guaranteed customer purchase commitments.
  • Our success will depend on a less diversified line of business.
  • We depend on a small number of key customers for a large percentage of our sales.
  • Substantial political and economic uncertainty in Venezuela puts our local assets at risk.
  • A decline in general economic conditions could lead to reduced consumer demand for the discretionary products we sell.
  • Conditions in the global economy, the geographic markets we serve, and the financial markets may adversely affect us.
  • Changes in the retail industry could have a material adverse effect on our business or financial condition.
  • Our stock price could fluctuate significantly.
  • We invest, from time to time, in marketable securities and other investments as part of our investing activities. These investments fluctuate in value based on economic, operational, competitive, political and technological factors. These investments could be subject to loss or impairment based on their performance.
  • From time to time, we provide funding to certain entities in the form of loans. Based on the performance of these entities, these loans may become partially or entirely uncollectible.
  • We are subject to governmental regulations.
  • We are increasingly dependent on the continuous and reliable operation of our information technology systems, and a disruption of these systems, resulting from cybersecurity attacks or other events, could adversely affect our business.
  • A data privacy breach or failure to comply with data privacy laws could damage our reputation and customer relationships, expose us to litigation risk and potential fines and adversely affect our business.
  • We are responsible for product warranties and defects.
  • We must comply with restrictive covenants in our debt agreements.
  • We provide financial support to one of our subsidiaries through an intercompany loan agreement and may need to secure additional financing for our own operations, but we cannot be sure that additional financing will be available.
  • Our capital resources may not be sufficient to meet our future capital and liquidity requirements.
  • We have recorded, and may record in the future, goodwill and other intangible assets as a result of acquisitions, and changes in future business conditions could cause these investments to become impaired, requiring substantial write-downs that would reduce our operating income.
  • Our cash and cash equivalents could be adversely affected if the financial institutions in which we hold our cash and cash equivalents fail.
  • Our business could be affected by unseasonal or severe weather-related factors.
  • Our products could infringe the intellectual property rights of others and we may be exposed to costly litigation.
  • Acquisitions and strategic investments may divert our resources and management attention; results may fall short of expectations.
  • We depend heavily on existing directors, management and key personnel and our ability to recruit and retain qualified personnel.
  • We exercise our option for the "controlled company" exemption under NASDAQ rules.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Bad, disbursement, eighteen, fitted, gradually, insignificant, installed, intervening, iTEMP, NIXT, North, onsite, partly, shift, successful, temperature, Tier, traditional
Removed: declined, favorably, Holding, partially

Patents

GRANT
Utility
Vehicle inventory and customer relation management system and method
6 Apr 21
In one embodiment of the present invention, provided is a system and methods for managing vehicles on a car dealer lot and for customer relation management after the time of sale of the vehicle, the system having a first mode, where the system tracks the location of vehicles on the dealer's lot so that vehicles can be easily found by make, model, trim level, price and other distinguishing vehicle features, the system further providing vehicle access authorization and reporting of any access or status change to the vehicle.
GRANT
Utility
Remote vehicle system configuration, control, and telematics
30 Mar 21
A vehicle control system (VCS) includes external communication interfaces, such as a Bluetooth interface, for communicating with a user communication and control device, such as a smart phone or a tablet.
GRANT
Utility
Methods and apparatus for power-efficient iris recognition
23 Mar 21
Disclosed herein are systems and methods wherein the iris biometric of an individual person is acquired using a mobile or static device.
GRANT
Utility
Biometric matching using normalized iris images
9 Mar 21
The present disclosure describes systems and methods for iris liveness determination.
GRANT
Utility
System and method for locating a portable device in different zones relative to a vehicle and enabling vehicle control functions
9 Feb 21
A vehicle system may include wireless transmitters carried by a vehicle and spaced apart from one another and configured to transmit wireless signals, a portable device configured to receive the wireless signals from the wireless transmitters, and a controller carried by the vehicle.