Financial Data and Key Metrics Changes - For the fourth quarter, net sales declined by $6.4 million, with Automotive Electronics segment sales down $9.3 million, offset by a $3.1 million increase in Consumer Electronics [22] - For the fiscal year, net sales were $394.9 million, down $52 million, primarily due to a $47.5 million decline in the Automotive Electronics segment [23] - Gross margins for the fourth quarter increased to 28.2%, up 610 basis points year-over-year, while annual gross margins were 27.8%, up 60 basis points compared to the previous year [25][26] - The company reported an operating loss of $34.7 million for the fourth quarter, which would have been $4.5 million excluding noncash impairment charges [27] Business Line Data and Key Metrics Changes - The Automotive Electronics segment faced significant challenges, with sales down $47 million due to delays in Ford and GM programs and a decline in Subaru sales [8][23] - The Consumer Electronics segment saw a slight decline of over 1% for the year, but gross margins improved by 200 basis points, leading to a pretax income of $9.4 million compared to a loss of $29.3 million in the previous fiscal year [12][24] - The Biometrics segment faced delays due to COVID-19, but interest in EyeLock's technology has increased, particularly for touchless solutions [17][18] Market Data and Key Metrics Changes - The company noted that e-commerce sales for Consumer Electronics products performed well during the pandemic, helping to offset some losses [21] - The automotive market is expected to see a slow start in fiscal '21 due to lower vehicle sales, but volume is anticipated to pick up in the second half of the year [11] Company Strategy and Development Direction - The company is focused on realigning its business to improve margins, lower expenses, and enhance shareholder value, including restructuring its domestic accessory business and consolidating international operations [6][7] - New partnerships and product launches are expected to drive growth, particularly in the Automotive and Consumer Electronics segments [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about returning to profitability in fiscal '21, contingent on the recovery from COVID-19 and the successful launch of new products and programs [20] - The company is actively managing costs and has implemented significant overhead reductions in response to the pandemic [21][91] Other Important Information - The company engaged an investment banker to explore strategic alternatives for EyeLock, including potential partnerships or an IPO [19] - The balance sheet remains strong, with cash and cash equivalents at $37.4 million as of February 29, 2020, despite a decrease from the previous year [34] Q&A Session Summary Question: Did the company pay $16 million in cash to buy Vehicle Safety? - Yes, the company confirmed the acquisition cost [40] Question: Is Vehicle Safety expected to earn a 10% return on the cash invested? - Management indicated that Vehicle Safety is profitable and the acquisition will enhance overall margins [41] Question: What is the current status of EyeLock and its potential for an IPO? - Management acknowledged delays due to COVID-19 but expressed confidence in the interest surrounding EyeLock's technology [45] Question: Are there any updates on the SiriusXM contract with EyeLock? - The program is still ongoing but has faced delays due to COVID-19 [80] Question: Why is the company not more aggressive with its stock buyback program? - Management believes there are better long-term opportunities for capital use than immediate stock buybacks [94]

For the fiscal year ended February 29, 2020 Commission file number 0-28839 VOXX INTERNATIONAL CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of 13-1964841 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Annual Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 incorporation or organization) (IRS Employer Identification No.) 2351 J. Lawson Boulevard, Orlando, Florida 32824 (Address of princ ...

VOXX International Corporation (NASDAQ:VOXX) Q3 2020 Earnings Conference Call January 10, 2020 10:00 AM ET Company Participants Glenn Wiener - Investor Relations Pat Lavelle - President and Chief Executive Officer Michael Stoehr - Senior Vice President and Chief Financial Officer John Shalam - Chairman and Founder Conference Call Participants Brad Leonard - BML Capital Management Eric Landry - BML Capital Management Operator Ladies and gentlemen, thank you for standing by, and welcome to the VOXX Internatio ...

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 November 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 0-28839 (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 2351 J Lawson Blvd., Orland ...

FY20 Second Quarter Investor Presentation October 2019 Safe Harbor Statement Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forwardlooking statements. The following factors, among others, may cause actual results to differ ma ...

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, 2019 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 ...

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 May 31, 2019 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) 2 ...

For the fiscal year ended February 28, 2019 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) 13-1964841 (IRS Employer Identification No.) 2351 J. Lawson Boulevard, Orlando, Florida (Address of principal executive offices) 32824 (Zip Code) (800) 645-7750 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | | T ...

For the quarterly period ended November 30, 2018 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices) 32824 (Zip Code) (800) 654-7750 (Registrant's telephone number, including area code) Commission file number: 0-28839 VOXX International Corporati ...