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VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results

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VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results
VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results
- Fiscal 2022 first quarter net sales increased $65.1 million or 90.4% year-over-year.
- Fiscal 2022 first quarter operating loss of $0.4 million, a $7.7 million year-over-year improvement.
- Fiscal 2022 net income attributable to VOXX of $2.7 million, an $11.0 million year-over improvement.
- Fiscal 2022 Adjusted EBITDA of $8.3 million, an $11.5 million year-over-year improvement.
PR Newswire
ORLANDO, Fla., July 12, 2021
ORLANDO, Fla., July 12, 2021 /PRNewswire/ VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2022 first quarter ended May 31, 2021. ....

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VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results

VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results
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Audiovox (VOXX) Q4 2021 Earnings Call Transcript

Operator
Good day and thank you for standing by. Welcome to the VOXX International s fiscal 2021 conference call. [Operator instructions] I would now like to hand the conference over to your speaker today, Glenn Wiener, investor relations. Please go ahead.
Glenn Wiener
Investor Relations
Thank you, Laurie. Good afternoon, and welcome to VOXX International s fiscal 2021 fourth quarter and year-end conference call. Our Form 10-K was filed with the SEC. Our press release announcing results was issued as well just after market close.
And both documents can be found on the IR section of our website, as can our updated investor presentation, which is in the events and presentations section. Speaking from management today will be Pat Lavelle, president and chief executive officer; and Michael Stoehr, senior vice president and chief financial officer. Both will have prepared remarks, and we ll open up the call for questions. Our chairman and founder, John Shalam, is ....

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Voxx and Sharp plan to acquire ailing Onkyo • Home Theater Forum

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Car audio and consumer tech company VOXX International, along with Sharp Corporation as its partner, has announced that it has signed a letter of intent to acquire the Home AV business of Onkyo Home Entertainment. Both companies in the deal have been granted exclusivity while discussions are underway.
In July of last year, Voxx became the exclusive distributor of Onkyo, Pioneer, Pioneer Elite and Integra in the Americas through its subsidiary 11 Trading Company. According to the companies involved, the alliance consolidated when Onkyo became distributor of Klipsch premium audio products in Japan in 2019. For many years, Sharp Corporation has also manufactured products for Onkyo at their Malaysian factory as part of a joint venture. VOXX and Sharp have entered into a binding agreement to move forward with the transaction with a vie ....

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