Universal Electronics Inc. (NASDAQ:UEIC) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Kirsten Chapman - Investor Relations Paul Arling - Chairman and Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Brian Ruttenbur - Imperial Capital Steven Frankel - Rosenblatt Operator Welcome to the Universal Electronics Third Quarter 2022 Financial Results Conference Call. [Operator Instructions] Please be advi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21044 _______________________________________ UNIVERSAL ELECTRONICS INC. (Exact Name ...

Universal Electronics Inc. (NASDAQ:UEIC) Q2 2022 Results Conference Call August 4, 2022 4:30 PM ET Company Participants Kirsten Chapman - Investor Relations Paul Arling - Chairman and Chief Executive Officer Bryan Hackworth - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Steven Frankel - Rosenblatt Brian Ruttenbur - Imperial Capital Bill Dezellem - Titan Capital Management Operator Good afternoon. My name is Kathy, and I will be your conference operator for today. At this ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21044 _______________________________________ UNIVERSAL ELECTRONICS INC. (Exact Name of Re ...

Universal Electronics Inc. Sidoti & Company Small Cap Virtual Conference March 23 -24, 2022 SAFE HARBOR STATEMENT This presentation This presentation and accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including net sales, profit margin and earnings trends, estimates and assumptions; our expectations about new product introductions; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution ...

Universal Electronics Inc. (NASDAQ:UEIC) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Kirsten Chapman – Investor Relations Paul Arling – Chairman and Chief Executive Officer Bryan Hackworth – Chief Financial Officer Conference Call Participants Jeff Van Sinderen – B. Riley Greg Burns – Sidoti and Company Operator Good day and thank you for standing by. Welcome to the Universal Electronics First Quarter 2022 Financial Results Conference Call. At this time, all participants are ...

Financial Performance - For the three months ended March 31, 2022, net sales were $132.4 million, a decrease of 12.0% from $150.5 million in the same period of 2021[35] - Revenue from goods and services transferred at a point in time was $109.1 million, down from $122.9 million year-over-year, while revenue from goods and services transferred over time was $23.3 million, down from $27.7 million[35] - For the three months ended March 31, 2022, the company reported a net loss of $2.91 million, resulting in a basic earnings per share of $(0.23) compared to a net income of $6.99 million and a basic earnings per share of $0.51 for the same period in 2021[97] - Gross margin percentage decreased to 27.4% for the three months ended March 31, 2022, down from 30.8% for the same period in 2021[25] - Operating loss was $0.6 million for the three months ended March 31, 2022, compared to operating income of $8.6 million for the same period in 2021[25] Cash and Liquidity - Cash and cash equivalents totaled $53.6 million as of March 31, 2022, compared to $60.8 million at the end of 2021, reflecting a decrease of 11.5%[33] - Net cash used for operating activities was $18.0 million for the three months ended March 31, 2022, compared to $6.7 million for the same period in 2021, reflecting a significant increase in cash outflows[144] - Cash used for investing activities was $11.6 million for the three months ended March 31, 2022, compared to $4.8 million for the same period in 2021, with $7.5 million allocated to term deposit investments and acquisitions[146] - Net cash provided by financing activities was $21.6 million for the three months ended March 31, 2022, an increase from $10.0 million in the same period in 2021, primarily due to net borrowings of $29.0 million[148] Accounts and Inventory - Accounts receivable, net increased to $132.6 million from $129.2 million at the end of 2021, with trade receivables gross at $126.8 million[37] - Inventories increased to $139.4 million as of March 31, 2022, compared to $134.5 million at the end of 2021, primarily due to higher raw material costs[40] - Days sales outstanding increased to 88 days as of March 31, 2022, compared to 79 days in the prior year, indicating a longer collection period for receivables[144] - Inventory increased by $4.6 million during the three months ended March 31, 2022, due to efforts to address supply chain issues, while inventory turns decreased to 2.8 from 3.5 in the prior year[144] Assets and Liabilities - Long-lived tangible assets totaled $92.7 million as of March 31, 2022, a slight decrease from $94.5 million at the end of 2021[43] - Total lease liabilities amounted to $20.446 million at March 31, 2022, compared to $19.035 million at December 31, 2021[49] - The allowance for credit losses decreased to $1.1 million from $1.3 million at the end of 2021, indicating improved credit risk management[39] - Total accrued compensation decreased to $22.255 million at March 31, 2022, from $24.217 million at December 31, 2021[66] Customer and Supplier Relations - Comcast Corporation and Daikin Industries Ltd. were significant customers, contributing 15.0% and 12.9% to net sales, respectively, in Q1 2022[36] - Significant supplier Qorvo International Pte Ltd. accounted for 10.4% of total inventory purchases in Q1 2022, down from 12.8% in Q1 2021[41] Legal and Regulatory Matters - The company filed a complaint with the International Trade Commission against Roku and others, claiming patent infringement related to various devices, with a final determination issued on November 10, 2021, affirming the infringement[74] - The company has been involved in multiple legal proceedings against Roku, with the Patent Trial and Appeals Board denying Roku's requests eleven times and granting seven times regarding the patents at issue[76] - The company’s litigation against the U.S. government regarding Section 301 Tariffs on imports from China is ongoing, with a preliminary injunction issued in July 2021 to suspend liquidation of entries subject to these tariffs[82] Strategic Initiatives - The company’s strategic business objectives for 2022 include enhancing its product offerings and expanding its market presence[117] - The company is actively seeking acquisitions or strategic partners to complement and strengthen its existing business[25] - The company acquired Qterics for approximately $0.9 million on February 17, 2022, which is expected to expand its customer base in the OEM market[101] Stock and Compensation - Stock-based compensation expense for the three months ended March 31, 2022, totaled $2,499,000, a decrease of 3.88% compared to $2,600,000 in the same period of 2021[88] - The company has a total of 846,000 stock options outstanding as of March 31, 2022, with an aggregate intrinsic value of $1,587,000[89] - As of March 31, 2022, the company expects to recognize $3.5 million of total unrecognized pre-tax stock-based compensation expense related to non-vested stock options over a remaining weighted-average life of 2.2 years[91]

Universal Electronics Inc. Sidoti & Company Small Cap Virtual Conference March 23 -24, 2022 SAFE HARBOR STATEMENT This presentation This presentation and accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including net sales, profit margin and earnings trends, estimates and assumptions; our expectations about new product introductions; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21044 _______________________________________ UNIVERSAL ELECTRONICS INC. (Ex ...

Financial Data and Key Metrics Changes - For Q4 2021, net sales were $143.9 million, down from $156.4 million in Q4 2020, attributed to global supply and logistics issues [35] - Gross profit for Q4 2021 was $40.9 million, or 28.4% of sales, compared to $52.6 million, or 33.6% in Q4 2020, impacted by inflationary pressures and a weaker U.S. dollar against the Chinese yuan [36] - Full year 2021 revenue was $601 million, with a gross margin of 30.2% and net income of $49.4 million, or $3.59 per share, compared to $615.4 million, 30.8% gross margin, and $53.3 million, or $3.76 per share in 2020 [39] Business Line Data and Key Metrics Changes - The company continues to execute its channel strategy by partnering with industry leaders such as Samsung, Sony, and LG, which collectively represent about 40% of the world's televisions [17] - In the consumer electronics sector, the company has established relationships with major video service providers like Comcast and Vodafone, which are expected to drive future sales [17][19] Market Data and Key Metrics Changes - The company is experiencing ongoing supply chain constraints that are affecting sales, with customers truncating orders due to their inability to procure necessary parts for companion products [51] - The company anticipates that supply chain issues will begin to ease in the back half of 2022, coinciding with several customer and product wins scheduled to ship [42] Company Strategy and Development Direction - The company aims to connect the home by blending entertainment with smart home control, focusing on innovative product solutions introduced at CES 2022 [14] - The company is expanding its product offerings in smart home technologies, including a new line of ultra-low power and energy harvesting remote controls designed for sustainability [26][28] - The company is confident that its product introductions are well-timed to meet growing environmental concerns and corporate mandates for sustainability [27] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the current environment is challenging due to semiconductor supply issues and logistics constraints, but remains optimistic about long-term growth prospects [44] - The company expects to grow in 2022, with several product wins scheduled to ship in the latter half of the year, despite a weaker first half [63] Other Important Information - The company recently won a legal case against Roku, resulting in a limited exclusion order preventing Roku from importing products using the company's technology [31] - The company plans to repurchase an additional 300,000 shares contingent on price over the next few months, reflecting confidence in its intrinsic value [41] Q&A Session Summary Question: Impact of supply chain constraints on revenue - Management indicated that supply chain issues have consistently impacted sales, with customers truncating orders due to parts shortages [51] Question: Details on Roku litigation - The company is pursuing two district court cases against Roku, with potential monetary damages as a remedy [54] Question: Guidance for 2022 - Management expects growth in 2022, but does not anticipate matching 2021 levels due to ongoing supply chain challenges [64] Question: Demand trends in consumer electronics - Management noted that while some customers are experiencing demand, semiconductor shortages are limiting their ability to order more products [66] Question: Supply chain headwinds quantification - Management estimated that supply chain issues could account for about 10% of sales, with some customers unable to order additional units due to their own shortages [74] Question: Outlook for gross margins - Management expects gross margins to improve in the back half of the year due to price increases, but inflation and foreign exchange rates remain variables [90] Question: New product contributions in the second half - Management highlighted multiple new product wins but refrained from predicting which would be most successful, emphasizing the strength of their partnerships [102]