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VOXX International (VOXX)

VOXX International Corporation has grown into a leader in Automotive Electronics and Consumer Electronics, with emerging Biometrics technology to capitalize on the increased need for advanced security. Over the past several decades, with a portfolio of approximately 35 trusted brands, VOXX has built market-leading positions in in-vehicle entertainment, automotive security, reception products, a number of premium audio market segments, and more. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world's leading automotive manufacturers.

Company profile

Ticker
VOXX
Exchange
Website
CEO
Patrick Lavelle
Employees
Incorporated
Location
Fiscal year end
Former names
AUDIOVOX CORP
SEC CIK
Subsidiaries
VOXX Accessories Corp. • VOXX Electronics Corp. • Audiovox German Holdings GmbH • EyeLock LLC • Premium Audio Company LLC • Voxx Automotive Corporation ...
IRS number
131964841

VOXX stock data

Calendar

16 May 22
26 Jun 22
1 Mar 23
Quarter (USD) Feb 22 Nov 21 Aug 21 May 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Feb 22 Feb 21 Feb 20 Feb 19
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) 27.79M 27.79M 27.79M 27.79M 27.79M 27.79M
Cash burn (monthly) (no burn) 2.63M (no burn) 2.3M (no burn) 246.67K
Cash used (since last report) n/a 10.47M n/a 9.12M n/a 980.07K
Cash remaining n/a 17.32M n/a 18.67M n/a 26.81M
Runway (months of cash) n/a 6.6 n/a 8.1 n/a 108.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Jun 22 Kahli Beat Class A Common Stock Buy Acquire P Yes No 8.96 5,000 44.8K 4,580,000
22 Jun 22 Kahli Beat Class A Common Stock Buy Acquire P Yes No 8.42 5,000 42.1K 4,575,000
21 Jun 22 Kahli Beat Class A Common Stock Buy Acquire P Yes No 8.23 5,000 41.15K 4,570,000
17 Jun 22 Kahli Beat Class A Common Stock Buy Acquire P Yes No 8.25 5,000 41.25K 4,565,000
16 Jun 22 Kahli Beat Class A Common Stock Buy Acquire P Yes No 8.2 5,000 41K 4,560,000
63.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 78 76 +2.6%
Opened positions 18 17 +5.9%
Closed positions 16 12 +33.3%
Increased positions 23 23
Reduced positions 21 19 +10.5%
13F shares Current Prev Q Change
Total value 23.31B 20.79B +12.2%
Total shares 13.66M 13.16M +3.8%
Total puts 38.2K 59.1K -35.4%
Total calls 56K 80.1K -30.1%
Total put/call ratio 0.7 0.7 -7.5%
Largest owners Shares Value Change
Kahli Beat 4.29M $48.52M +4.5%
Kahn Brothers 2.33M $23.19B +15.0%
Dimensional Fund Advisors 1.37M $13.69M +0.2%
BLK Blackrock 1.03M $10.23M -3.2%
Vanguard 851.52K $8.49M +9.5%
Renaissance Technologies 663.82K $6.62M -3.2%
Geode Capital Management 284.94K $2.84M +2.5%
STT State Street 281.19K $2.8M -0.4%
MS Morgan Stanley 214.72K $2.14M -7.8%
Moors & Cabot 191.9K $1.91M +4.4%
Largest transactions Shares Bought/sold Change
Kahn Brothers 2.33M +303.41K +15.0%
Kahli Beat 4.29M +184.81K +4.5%
HNNA Hennessy Advisors 0 -139.3K EXIT
Jacobs Levy Equity Management 129.66K +129.66K NEW
Millennium Management 0 -111.67K EXIT
Vanguard 851.52K +73.95K +9.5%
STRS Ohio 64.5K +55.2K +593.5%
Parametric Portfolio Associates 49.11K +49.11K NEW
Grantham, Mayo, Van Otterloo & Co. 40.8K +40.8K NEW
Susquehanna International 10.07K -36.02K -78.1%

Financial report summary

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Competition
Emerson RadioPANASONICSonosDensoKenwoodGeneral MotorsGeneral MotorsDENSO
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.
  • A severe or prolonged economic downturn could adversely affect our customers’ financial conditions, their levels of business activity, and their ability to pay trade obligations.
  • 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.
  • We face intense competition from other biometrics solutions providers.
  • We depend on a small number of key customers for a large percentage of our sales.
  • The international marketing and distribution of our products subjects us to risks associated with international operations, including exposure to foreign currency fluctuations.
  • Substantial political and economic uncertainty in Venezuela puts our local assets at risk.
  • 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.
  • 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 must comply with restrictive covenants in our debt agreements.
  • 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.
  • If our sales during the holiday season fall below our expectations, our annual results could also fall below expectations.
  • There is no guarantee that patent/royalty rights will be renewed, or licensing agreements will be maintained.
  • We are subject to governmental regulations.
  • A data privacy breach could damage our reputation and customer relationships, expose us to litigation risk and potential fines, and adversely affect our business.
  • We may face regulatory data protection, data security, and privacy risks in connection with our operations under, or failure to comply with, applicable data privacy laws and regulations.
  • Our products could infringe the intellectual property rights of others and we may be exposed to costly litigation.
  • 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 depend on our suppliers to provide us with adequate quantities of high-quality competitive products and/or component parts on a timely basis.
  • We have few long-term sales contracts with our customers that contain guaranteed customer purchase commitments.
  • 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 failure to keep pace with developments in technology could impair our operations or competitive position.
  • Remote working arrangements driven by the COVID-19 pandemic could significantly increase the Company’s digital and cybersecurity risks.
  • We are responsible for product warranties and defects.
  • 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.
  • Acquisitions and strategic investments may divert our resources and management’s 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.
  • Our stock price could fluctuate significantly.
  • We exercise our option for the "controlled company" exemption under NASDAQ rules.
  • 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.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
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