UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-28839 VOXX International Corporation (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 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 May 31, 2021 or 2 ...

Financial Data and Key Metrics Changes - For the fourth quarter, net sales increased over 60% year-over-year, with gross profit up by $13.8 million, although gross profit percentage decreased due to new distribution agreements [12][47] - Operating income improved by $38.9 million to $3.9 million, and adjusted EBITDA rose by $10.2 million to $11.9 million for the quarter [13][14] - For fiscal 2021, net sales grew by 42.7%, operating income increased by $72.8 million to $22.5 million, and adjusted EBITDA grew by $42.1 million to $46.9 million [13][14] Business Line Data and Key Metrics Changes - The automotive segment saw net sales grow close to 90%, with OEM sales up 11.6% and aftermarket product sales up over 150% due to acquisitions [47] - Consumer electronics segment net sales increased approximately 50%, with premium audio product sales up over 95%, while other CE product sales decreased by over 13% [48] - The biometric segment reported net sales of approximately $400,000 year-over-year [55] Market Data and Key Metrics Changes - The automotive segment's gross margins increased by 370 basis points, while consumer electronics segment gross margins declined by 120 basis points [56] - Consolidated gross margins were down 210 basis points, but gross profit dollars increased due to new distribution channels [49] Company Strategy and Development Direction - The company plans to continue evaluating strategic transactions to enhance business and stockholder value, especially in light of the financial challenges faced by competitors [15] - VOXX has secured new retail customers, established new subsidiaries, and made strategic acquisitions to strengthen its market position [17][18] - The company aims to expand its premium audio product line and has plans for new product launches in the home theater and headphone categories [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth despite challenges such as chipset shortages and container delays impacting sales [22][23] - The automotive segment is expected to double in size over the next two to three years, driven by new contracts and product launches [28][30] - The consumer electronics segment is anticipated to grow, particularly if the acquisition of Onkyo is successfully completed [32][38] Other Important Information - The company ended fiscal 2021 with approximately $60 million in cash and cash equivalents and only $7.1 million in debt [14][61] - A significant healthcare contract was awarded to integrate EyeLock technology into new products, with a targeted launch in 2023 [81] Q&A Session Summary Question: Accounting treatment of the proposed distribution agreement with EyeLock - The agreement is standalone, and purchases will be recorded in EyeLock's books as sales and gross profit [65] Question: Treatment of the put and call agreement - The put and call agreement will not be executed in the first two years, and the accounting treatment is under review [66][67] Question: Products sold by VSM to trucking companies - Primary products include heavy-duty turn signals and certain lighting for trucks [73] Question: Impact of chip shortages on infotainment systems - Automotive-grade chips have been secured to ensure product launches remain on schedule despite supply chain issues [75] Question: Information on medical devices with EyeLock - A major healthcare contract has been awarded to incorporate EyeLock technology into healthcare products, with a limited launch targeted for 2023 [80]

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 February 28, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM Commission file number 0-28839 VOXX INTERNATIONAL CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of 13-19 ...

VOXX International Corporation (NASDAQ:VOXX) Q3 2021 Earnings Conference Call January 12, 2021 10:00 AM ET Company Participants Glenn Wiener - IR, GW Communications Patrick M. Lavelle - President & CEO C. Michael Stoehr - SVP & CFO Conference Call Participants Beat Kahli - Kahli Holdings David Covas - Oberweis Asset Management Operator Ladies and gentlemen, thank you for standing by and welcome to VOXX International Fiscal 2021 Third Quarter Results Call. At this time, all participants are in a listen-only ...

Financial Performance - Net sales increased by approximately 83% in Fiscal 2021 Third Quarter[6] - Operating income improved by $18.4 million to reach $18.6 million in Fiscal 2021 Third Quarter[6] - Adjusted EBITDA improved by $18.7 million to reach $24.5 million in Fiscal 2021 Third Quarter[6] - Total Net Sales increased from $293.8 million to $401.1 million for the nine-month period, an increase of $107.3 million[15] - Operating Income improved from a loss of $14.7 million to a profit of $19.4 million for the nine-month period[21] - Adjusted EBITDA improved from $3.9 million to $35.1 million for the nine-month period[24] Segment Performance - Automotive Electronics segment net sales increased by 105.1% in Fiscal 2021 Third Quarter[8] - Consumer Electronics segment net sales increased by 74.0% in Fiscal 2021 Third Quarter[8] - Biometrics segment net sales increased by 148.6% in Fiscal 2021 Third Quarter[8] - Automotive Electronics segment net sales increased by 28.8% for the nine-month period[19] - Consumer Electronics segment net sales increased by 39.7% for the nine-month period[19] - Biometrics segment net sales increased by 76.6% for the nine-month period[19] Strategic Initiatives - The company acquired Directed (DEI) for $11 million in cash plus certain assets and liabilities, expecting to add approximately $50 million in annual sales[39] - Over $400 million in new automotive OEM contracts are mostly incremental business[52] - Klipsch has over 25% total market share in the home audio category in the United States[34] - Klipsch has over 35% total market share in the home audio category in Canada[34]

[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS) Presents the company's unaudited consolidated financial statements, detailing financial position and performance [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets, liabilities, and stockholders' equity significantly increased as of November 30, 2020 Consolidated Balance Sheet Highlights (in thousands) | Account | Nov 30, 2020 (unaudited) | Feb 29, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Total current assets | $333,851 | $217,820 | | Total assets | $567,989 | $441,571 | | **Liabilities & Equity** | | | | Total current liabilities | $170,817 | $71,022 | | Total liabilities | $198,500 | $90,861 | | Total stockholders' equity | $366,530 | $348,229 | [Consolidated Statements of Operations](index=4&type=section&id=Unaudited%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) Net sales surged in Q3 2020, significantly increasing operating income and net income attributable to VOXX Statement of Operations Highlights (in thousands, except per share data) | Metric | Q3 2020 | Q3 2019 | 9 Months 2020 | 9 Months 2019 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $201,065 | $110,112 | $401,084 | $293,812 | | Gross profit | $58,128 | $31,464 | $116,179 | $81,242 | | Operating income (loss) | $18,563 | $136 | $19,379 | $(14,717) | | Net income (loss) attributable to VOXX | $18,251 | $2,464 | $17,319 | $(4,648) | | Basic EPS | $0.75 | $0.10 | $0.72 | $(0.19) | | Diluted EPS | $0.74 | $0.10 | $0.71 | $(0.19) | [Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash outflow significantly improved, with cash used in investing for acquisitions and in financing for debt repayment Cash Flow Summary for Nine Months Ended Nov 30 (in thousands) | Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash used in operating activities | $(2,628) | $(23,887) | | Net cash (used in) provided by investing activities | $(14,510) | $9,759 | | Net cash used in financing activities | $(1,680) | $(11,563) | | **Net decrease in cash and cash equivalents** | **$(16,088)** | **$(26,080)** | [Notes to Unaudited Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) Notes detail accounting policies, key acquisitions, segment performance, revenue recognition, and financing arrangements - On July 1, 2020, the Company acquired the aftermarket vehicle remote start and security systems business of Directed LLC for a **cash purchase price** of **$11.0 million**. This acquisition is included in the **Automotive Electronics segment**[20](index=20&type=chunk) - On January 31, 2020, the Company acquired assets of Vehicle Safety Holdings Corp. (VSHC) for a **preliminary purchase price** of **$16.6 million** to expand its **Automotive Electronics product offerings** and market share[23](index=23&type=chunk) - The company operates in three reportable segments: **Automotive Electronics**, **Consumer Electronics**, and **Biometrics**[19](index=19&type=chunk)[111](index=111&type=chunk) Disaggregation of Revenue by Segment (in thousands) | Segment | Q3 2020 | Q3 2019 | 9 Months 2020 | 9 Months 2019 | | :--- | :--- | :--- | :--- | :--- | | Automotive Electronics | $61,488 | $29,985 | $111,397 | $86,472 | | Consumer Electronics | $139,039 | $79,914 | $288,545 | $206,601 | | Biometrics | $343 | $138 | $703 | $398 | | **Total Net Sales** | **$201,065** | **$110,112** | **$401,084** | **$293,812** | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=36&type=section&id=Item%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses Q3 and nine-month fiscal 2021 financial results, highlighting sales and profitability growth, acquisitions, and liquidity [Results of Operations](index=39&type=section&id=Results%20of%20Operations) Net sales and gross profit grew substantially year-over-year, driven by acquisitions and increased consumer demand Net Sales by Segment (in thousands) | Segment | Q3 2020 | Q3 2019 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Automotive Electronics | $61,488 | $29,985 | $31,503 | 105.1% | | Consumer Electronics | $139,039 | $79,914 | $59,125 | 74.0% | | Biometrics | $343 | $138 | $205 | 148.6% | | **Total net sales** | **$201,065** | **$110,112** | **$90,953** | **82.6%** | - **Automotive sales growth** was primarily driven by the VSM and DEI acquisitions, which comprised approximately **49%** of the segment's Q3 sales. **Consumer Electronics growth** was due to higher demand for premium home theater, subwoofers, and hookup products as more people worked from home[146](index=146&type=chunk)[147](index=147&type=chunk) - Overall **gross margin percentage** increased by **30 basis points** in Q3 2020. The **Automotive segment's margin** improved significantly by **560 basis points** due to higher-margin products from acquisitions, while the **Consumer Electronics segment's margin** decreased by **180 basis points** due to product mix and promotions[150](index=150&type=chunk)[151](index=151&type=chunk)[153](index=153&type=chunk) - Total **operating expenses** increased **26.3%** in Q3, a rate lower than the **82.6% sales growth**. The increase was mainly due to higher selling commissions from increased sales and additional operating costs from the newly acquired VSM and DEI subsidiaries[155](index=155&type=chunk)[156](index=156&type=chunk) [EBITDA and Adjusted EBITDA](index=45&type=section&id=EBITDA%2C%20Adjusted%20EBITDA%2C%20and%20Diluted%20Adjusted%20EBITDA%20per%20Common%20Share) Adjusted EBITDA significantly increased in Q3 2020 and for the nine-month period, reflecting strong operational performance Reconciliation to Adjusted EBITDA (in thousands) | Metric | Q3 2020 | Q3 2019 | 9 Months 2020 | 9 Months 2019 | | :--- | :--- | :--- | :--- | :--- | | Net income (loss) attributable to VOXX | $18,251 | $2,464 | $17,319 | $(4,648) | | EBITDA | $23,814 | $8,605 | $34,078 | $7,124 | | **Adjusted EBITDA** | **$24,540** | **$5,823** | **$35,070** | **$3,912** | [Liquidity and Capital Resources](index=46&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong working capital and liquidity, with adequate cash and credit facilities for future operations - **Working capital** was **$163.0 million** at November 30, 2020, compared to **$146.8 million** at February 29, 2020[174](index=174&type=chunk) - The company has a **senior secured credit facility** providing up to **$127.5 million**, with **$107.0 million** available as of November 30, 2020[179](index=179&type=chunk) - In April 2020, the company borrowed **$20.0 million** from its credit facility as a precautionary measure due to COVID-19, which was fully repaid in November 2020[136](index=136&type=chunk) Contractual Cash Obligations (in thousands) | Obligation | Total | Less than 1 Year | | :--- | :--- | :--- | | Finance lease obligation | $855 | $469 | | Operating leases | $4,924 | $1,111 | | Unconditional purchase obligations | $170,367 | $170,367 | | **Total commitments** | **$191,460** | **$179,704** | [Quantitative and Qualitative Disclosures About Market Risk](index=50&type=section&id=Item%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company faces market risks from foreign currency and interest rate fluctuations, using hedging strategies to mitigate exposure - A hypothetical **10% strengthening** of the U.S. dollar would have resulted in a decrease in sales of approximately **$3.5 million** and in **net income** of approximately **$0.36 million** for the three months ended November 30, 2020[193](index=193&type=chunk) - The company has an **interest rate swap** for its Florida Mortgage with a notional amount of **$7.2 million**, which locks the interest rate at **3.48%** through March 2026[196](index=196&type=chunk) [Controls and Procedures](index=50&type=section&id=Item%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded disclosure controls and procedures were effective, with no material changes in internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that **disclosure controls and procedures** are effective as of November 30, 2020[198](index=198&type=chunk) - No material changes in **internal control over financial reporting** occurred during the nine months ended November 30, 2020[199](index=199&type=chunk) [PART II OTHER INFORMATION](index=51&type=section&id=PART%20II%20OTHER%20INFORMATION) [Legal Proceedings](index=51&type=section&id=Item%201.%20LEGAL%20PROCEEDINGS) The company is involved in routine legal proceedings, with no expected material adverse effect on financial statements - The company does not believe that any current outstanding litigation matters will have a material adverse effect on the Company's financial statements, individually, or in the aggregate[125](index=125&type=chunk)[200](index=200&type=chunk) [Risk Factors](index=51&type=section&id=Item%201A.%20RISK%20FACTORS) No material changes occurred from the risk factors previously disclosed in the company's Annual Report on Form 10-K - No material changes from the risk factors previously disclosed in the Company's Form 10-K for the fiscal year ended February 29, 2020[201](index=201&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company has authorization for share repurchases, but no Class A Common Stock shares were repurchased during the period - During the three and nine months ended November 30, 2020, the company did not repurchase any shares of its **Class A Common Stock**[202](index=202&type=chunk) [Exhibits](index=52&type=section&id=Item%206.%20EXHIBITS) This section lists exhibits filed with Form 10-Q, including CEO/CFO certifications and iXBRL formatted financial statements - Exhibits filed include CEO and CFO certifications (**31.1**, **31.2**, **32.1**, **32.2**) and iXBRL data files (**101**, **104**)[203](index=203&type=chunk)

VOXX International Corporation (NASDAQ:VOXX) Q2 2021 Earnings Conference Call October 14, 2020 10:00 AM ET Company Participants Glenn Wiener - IR, GW Communications Patrick Lavelle - President & CEO Michael Stoehr - SVP & CFO Conference Call Participants Beat Kahli - Kahli Holding Operator Ladies and gentlemen, thank you for standing by. Welcome to VOXX International Fiscal 2021 Second Quarter Conference Call. At this time, all participants only listen-only mode. Please be advised that today's conference is ...

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 August 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-28839 VOXX International Corporation (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization ...

VOXX International Corporation. (NASDAQ:VOXX) Q1 2021 Earnings Conference Call July 13, 2020 10:00 AM ET Company Participants Glenn Wiener - IR, GW Communications Patrick Lavelle - President & CEO Michael Stoehr - SVP and CFO John Shalam - Chairman Conference Call Participants Beat Kahli - Kähli Holding Thomas Kahn - Kahn Brothers Operator Ladies and gentlemen, thank you for standing by, and welcome to the VOXX International's First Quarter Conference Call. [Operator Instructions].Please be advised that tod ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-28839 VOXX International Corporation (Exact name of registrant as specified in its charter) FORM 10-Q (Mark One) Delaware (State or other jurisdiction of incorporation or organization) 2 ...