Universal Electronics(US:UEIC)2021-12-15 21:23Financial Performance - Universal Electronics Inc's Q3 2021 net sales increased to $155.7 million from $153.7 million in Q3 2020[42] - The gross margin for Q3 2021 was 30.4%, compared to 30.0% in Q3 2020[42] - Net income for Q3 2021 reached $14.1 million, up from $13.1 million in Q3 2020[42] - Earnings per share (EPS) for Q3 2021 were $1.03, an increase from $0.92 in Q3 2020[42] - The company held $58.8 million in cash and cash equivalents as of September 30, 2021, compared to $57.2 million at the end of 2020[43] Market Opportunities and Strategies - Traditional TV and streaming services are both widely used, with 64% of customers combining both in 2020, compared to 69% in 2019[17] - Advanced set-top boxes are projected to penetrate over half a billion households[20] - 69% of U S households have at least one smart home device[31] - The company is targeting long-term sales growth of 5% to 10% and earnings growth of 10% to 20%[50]