Quarterly ResultMay 11, 2026, 04:19 PM
Universal Electronics Q1 Net Loss $(7.33)M; Sales Down 14.4%
AI Summary
Universal Electronics Inc. reported a net loss of $7.33 million for the first quarter of 2026, an increase from the $6.27 million loss in the prior year. Net sales decreased by 14.4% to $79.04 million. The company also provided updates on its ongoing litigation with Roku, where several patent claims against Roku were affirmed in UEI's favor, and Roku's retaliatory claims against UEI were invalidated. Additionally, Universal Electronics amended its U.S. Credit Agreement, increasing the limit on restricted payments.
Key Highlights
- Universal Electronics Q1 2026 net loss was $(7.33) million, up from $(6.27) million in Q1 2025.
- Net sales decreased 14.4% to $79.04 million in Q1 2026 from $92.33 million in Q1 2025.
- Basic loss per share was $(0.58) in Q1 2026, compared to $(0.48) in Q1 2025.
- Operating cash flow shifted to $(0.78) million used in Q1 2026 from $8.98 million provided in Q1 2025.
- U.S. Credit Line's restricted payments limit increased from $4.0 million to $8.0 million.
- Connected home channel sales were $28.29 million; home entertainment sales were $50.75 million.
- Total assets decreased to $255.14 million at March 31, 2026, from $273.99 million at Dec 31, 2025.
Price Impact
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