UBIQUITI INC. Item 2.02 Results of Operations and Financial Condition.
On
The Company hereby furnishes the information relating to its financial results
for the fiscal quarter ended
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
99.1 Press release of Ubiquiti Inc. dated February 7 , 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of
Section 18 of the Exchange Act, or otherwise subject to the liabilities of that
section, nor shall Exhibit 99.1 be deemed incorporated by reference into any
filing of the Company under the Securities Act, in each case, whether made
before or after the date hereof, regardless of any general incorporation
language in such filing, except as expressly set forth in such filing.
Forward Looking Statements
Certain statements in this Current Report on Form 8-K are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements other than statements of historical fact including words such as
"look", "will", "anticipate", "believe", "estimate", "expect", "forecast",
"consider" and "plan" and statements in the future tense are forward looking
statements. The statements in this Current Report on Form 8-K that could be
deemed forward-looking statements include statements regarding our intentions to
pay quarterly cash dividends and any statements or assumptions underlying any of
the foregoing.
Forward-looking statements are subject to certain risks and uncertainties that
could cause our actual future results to differ materially, or cause a material
adverse impact on our results. Potential risks and uncertainties include, but
are not limited to, the impact of U.S. tariffs on results; fluctuations in our
operating results; varying demand for our products due to the financial and
operating condition of our distributors and their customers, and our
distributors' inventory management practices; political and economic conditions
and volatility affecting the stability of business environments, economic
growth, currency values, commodity prices and other factors that may influence
the ultimate demand for our products in particular geographies or globally;
impact of counterfeiting and our ability to contain such impact; our reliance on
a limited number of distributors; inability of our contract manufacturers and
suppliers to meet our demand; our dependence on chipset suppliers for chipsets
without a short-term alternative; as we move into new markets competition from
certain of our current or potential competitors who may be more established in
such markets; our ability to keep pace with technological and market
developments; success and timing of new product introductions by us and the
performance of our products generally; our ability to effectively manage the
significant increase in our transactional sales volumes; we may become subject
to warranty claims, product liability and product recalls; that a substantial
majority of our sales are into countries outside the United States and we are
subject to numerous U.S. export control and economic sanctions laws; costs
related to responding to government inquiries related to regulatory compliance;
our reliance on certain key members of our management team, including our
founder and chief executive officer, Robert J. Pera ; adverse tax-related matters
such as tax audits, changes in our effective tax rate or new tax legislative
proposals; whether the final determination of our income tax liability may be
materially different from our income tax provisions; the impact of any
intellectual property litigation and claims for indemnification; litigation
related to U.S. --------------------------------------------------------------------------------
Securities laws; and economic and political conditions in
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