Logo

UEIC

Universal Electronics Inc.

UEIC

Universal Electronics Inc. • NASDAQ
$3.31 ▼ -0.30% (-0.01)
Market Cap $44.24 M
52w High $12.50
52w Low $2.69
Dividend Yield 0%
P/E -1.98
Volume 14.67K
Outstanding Shares 13.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $90.552M ▼ $29.634M ▲ $-8.329M ▼ -9.198% ▼ $-0.62 ▼ $-1.715M ▼
Q2-2025 $97.665M ▲ $28.188M ▼ $-2.912M ▲ -2.982% ▲ $-0.22 ▲ $2.828M ▲
Q1-2025 $92.326M ▼ $29.837M ▼ $-6.274M ▼ -6.795% ▼ $-0.48 ▼ $297K ▼
Q4-2024 $110.454M ▲ $35.676M ▲ $-4.529M ▼ -4.1% ▼ $-0.35 ▼ $5.21M ▲
Q3-2024 $102.073M $30.314M $-2.658M -2.604% $-0.2 $4.907M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $31.506M ▼ $280.697M ▼ $134.552M ▼ $146.145M ▼
Q2-2025 $34.261M ▲ $304.139M ▼ $151.38M ▼ $152.759M ▲
Q1-2025 $27.389M ▲ $310.611M ▼ $160.642M ▼ $149.969M ▼
Q4-2024 $26.783M ▲ $323.354M ▲ $170.249M ▲ $153.105M ▼
Q3-2024 $26.287M $321.255M $160.069M $161.186M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-8.329M ▼ $10.132M ▲ $-1.715M ▲ $-12.086M ▼ $-2.755M ▼ $9.25M ▲
Q2-2025 $-2.912M ▲ $8.721M ▼ $-2.082M ▼ $-1.365M ▲ $6.872M ▲ $6.707M ▼
Q1-2025 $-6.274M ▼ $8.984M ▲ $-1.907M ▼ $-6.383M ▼ $606K ▲ $7.239M ▲
Q4-2024 $-4.529M ▼ $6.483M ▲ $-1.737M ▼ $-2.662M ▼ $496K ▼ $4.746M ▲
Q3-2024 $-2.658M $5.664M $-1.687M $-1.261M $3.159M $3.977M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Connected Home
Connected Home
 $30.00M ▲$30.00M ▲$30.00M ▲
Home Entertainment
Home Entertainment
 $60.00M ▲$60.00M ▲$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been trending lower for several years, and profits have eroded from solidly positive early in the period to modest losses more recently. Gross margin has narrowed, suggesting either pricing pressure, higher costs, or an unfavorable mix shift. Operating income and net income dipped into the red in the last two years, though the most recent year shows a smaller loss than the prior one, hinting at some stabilization. Overall, the income statement reflects a business in transition, with shrinking legacy volumes and new growth areas that have not yet fully offset the decline or restored profitability.

Balance Sheet

Balance Sheet The balance sheet has gradually slimmed down, with total assets and shareholder equity both moving lower over time. Debt increased mid-period but has since been reduced, which lessens financial risk but leaves the company operating at a smaller scale. Cash balances are modest but fairly steady, indicating some financial flexibility but not a large cushion. Equity remains positive, so there is still a capital base to support ongoing operations, but the trend underscores the importance of returning to consistent profitability to rebuild balance-sheet strength.

Cash Flow

Cash Flow Despite reported losses in recent years, the business has generally generated positive cash from operations, though at a lower level than earlier in the period. Free cash flow has been positive in most years, helped by relatively light capital spending. This means the company is still bringing in more cash than it is spending on day-to-day operations and basic investment needs, even while the income statement shows pressure. However, the cushion is not large, so sustained weakness in revenue or margins could quickly tighten cash flow, making future performance and cost control important to watch.

Competitive Edge

Competitive Edge UEIC operates in a crowded and fast-changing smart home and consumer electronics market, but it holds a defensible niche. Long-standing relationships with major device and appliance makers give it embedded positions inside customers’ product lines, which are not easy for rivals to displace. Its broad support for many wireless standards and its focus on interoperability help differentiate it from more narrowly focused competitors. At the same time, it faces intense competition from low-cost hardware vendors and from large platform companies that control key ecosystems. Dependence on a relatively concentrated set of big customers and on a legacy remote-control base adds risk, making successful expansion into newer smart home categories crucial for maintaining its edge.

Innovation and R&D

Innovation and R&D The company’s innovation strategy centers on making different devices work together seamlessly and more intelligently. Its QuickSet platform and homeSense technology aim to solve real pain points in setup, control, and automation by using on-device intelligence and broad protocol support. Newer offerings like the TIDE family of smart thermostats and climate solutions push UEIC beyond traditional remotes into energy management, sensing, and broader home automation. Support for emerging standards like Matter and investment in AI at the device level position the firm to benefit if the market standardizes around interoperable, smarter homes. The key question is execution: turning these platforms and patents into widespread design wins, recurring software or service revenues, and visible growth beyond its legacy product base.

Summary

Universal Electronics appears to be in the midst of a meaningful strategic shift. Financially, the story shows declining sales and pressured margins, with the business slipping from profit to modest loss, yet still managing to produce positive cash flow and gradually reduce debt. Strategically, the company has real strengths: deep OEM relationships, a sizable patent and technology base, and platforms aimed squarely at the need for interoperability and intelligence in the smart home. The main opportunity lies in scaling newer solutions—like smart climate control, sensors, and AI-driven platforms—fast enough to more than offset the decline in older remote-control lines. The main risks are continued revenue erosion, margin compression in a highly competitive market, and only gradual uptake of its newer platforms. How well UEIC can stabilize its top line, improve profitability, and commercialize its innovation portfolio will largely determine its long-term trajectory.

NEWS

November 6, 2025 · 4:05 PM UTC

Universal Electronics Reports Financial Results for the Third Quarter 2025

Read more

October 23, 2025 · 7:00 AM UTC

Universal Electronics Inc. to Host Third Quarter 2025 Financial Results Conference Call on November 6th

Read more