UNIVERSAL ELECTRONICS INC

Listed Company

UEICCIK 0000101984NasdaqAcceleratedSmaller ReportingHousehold Audio & Video EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$368.29M

Net Income

$-18.60M

Total Assets

$274.00M

Equity

$146.18M

Shares Out

12.86M

Op. Cash Flow

$23.63M

Business

Universal Electronics Inc provides universal and interoperable control products, software and cloud services that enable device discovery, setup and control across home entertainment and smart home environments. It offers RF and voice-enabled remote controls, QuickSet software and QuickSet Cloud, UEI TIDE smart thermostats, Butler smart hubs, sensors, integrated circuits, AV accessories and related licensing, support and cloud services. The company operates as one reportable segment covering product design, manufacturing, software/cloud services and IP licensing for home entertainment, climate control, smart home and security. It sells globally to OEMs, video and security service providers, retailers, installers and distributors via direct accounts, national/regional distributors and third‑party manufacturers.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	368	395	420	543	602
Cost of sales	262	281	323	390	429
Gross profit	106	114	98	152	173
Research and development expenses	26	30	31	32	31
Selling, general and administrative expenses	85	92	98	105	119
Factory restructuring charges (Note 13)	1	4	4	0	0
Legal judgment (Note 13)	0	4	0	0	—
Goodwill impairment (Note 7)	0	0	49	0	0
Operating loss	−6	−15	−85	15	23
Interest expense, net	−935,000	−3	−4	−2	−566,000
Other income (expense), net	−5	60,000	−3	−955,000	−557,000
Loss before provision for income taxes	−12	−19	−92	11	16
Provision for income taxes	7	5	6	11	11
Net loss	−19	−24	−98	407,000	5
Basic (in dollars per share)	−1.41	−1.85	−7.64	0.03	0.39
Diluted (in dollars per share)	−1.41	−1.85	−7.64	0.03	0.39
Basic (in shares)	13	13	13	13	13
Diluted (in shares)	13	13	13	13	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	32	27	—	67	61
Accounts receivable, net	79	114	113	112	129
Contract assets	8	10	4	8	5
Inventories	78	79	88	140	134
Prepaid expenses and other current assets	7	9	7	7	7
Income tax receivable	806,000	2	4	4	348,000
Total current assets	205	242	259	338	337
Total property, plant, and equipment, net	28	34	45	—	—
Intangible assets, net	22	24	25	24	20
Operating lease right-of-use assets	10	14	19	22	20
Deferred income taxes	5	6	7	6	8
Other assets	4	2	2	2	2
Total assets	274	323	356	504	510
Accounts payable	49	72	57	71	93
Lines of credit	24	37	55	88	56
Accrued compensation	17	21	20	21	24
Accrued sales discounts, rebates and royalties	6	5	6	6	9
Accrued income taxes	3	2	2	6	4
Other accrued liabilities	20	21	21	24	31
Total current liabilities	119	158	161	216	217
Operating lease obligations	6	9	13	15	14
Deferred income taxes	2	2	2	3	2
Income tax payable	74,000	72,000	435,000	723,000	939,000
Other long-term liabilities	729,000	723,000	817,000	810,000	13,000
Total liabilities	128	170	177	236	234
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding	0	0	0	0	0
Common stock, $0.01 par value, 50,000,000 shares authorized; 26,146,367 and 25,712,940 shares issued on December 31, 2025 and 2024, respectively	261,000	257,000	253,000	250,000	247,000
Paid-in capital	350	345	337	327	314
Treasury stock, at cost, 13,537,944 and 12,666,443 shares on December 31, 2025 and 2024, respectively	−375	−372	−370	—	—
Accumulated other comprehensive income (loss)	−19	−28	−21	−21	−14
Retained earnings	190	208	232	331	330
Total stockholders' equity	146	153	179	268	276
Total liabilities and stockholders' equity	274	323	356	504	510

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	14	18	23	24	27
Provision for credit losses	454,000	1	70,000	−182,000	0
Gain on sale of property, plant, and equipment	−312,000	0	0	—	—
Deferred income taxes	866,000	−256,000	−1	1	−2
Shares issued for employee benefit plan	431,000	1	1	1	1
Employee and director stock-based compensation	5	7	9	10	10
Impairment of long-lived assets	1	333,000	8	3	3
Accounts receivable and contract assets	42	−12	5	13	2
Inventories	5	6	51	−10	−15
Prepaid expenses and other assets	5	764,000	3	−917,000	−630,000
Accounts payable and accrued liabilities	−33	16	−21	−29	870,000
Accrued income taxes	2	1	−4	−2	3
Net cash provided by operating activities	24	15	25	11	40
Purchase of Blue Chip Swap securities (Note 16)	−3	0	0	—	—
Sale of Blue Chip Swap securities (Note 16)	2	0	0	—	—
Proceeds on sale of property, plant, and equipment	344,000	0	0	—	—
Acquisitions of property, plant and equipment	−4	−5	−8	−14	−13
Acquisitions of intangible assets	−3	−4	−6	−7	−4
Net cash used for investing activities	−7	−8	−14	−21	−17
Borrowings under lines of credit	104	102	78	133	112
Repayments on lines of credit	−117	−120	−111	−101	−76
Treasury stock purchased	−3	−2	−2	−13	−60
Net cash used for financing activities	−17	−20	−35	21	−22
Effect of foreign currency exchange rate changes on cash and cash equivalents	5	−3	−523,000	−4	2
Net increase (decrease) in cash and cash equivalents	6	−16	−24	6	4
Income taxes paid	3	3	13	11	10
Interest paid	2	5	7	2	620,000

Filings

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