Universal Electronics Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 97.59 million compared to USD 122.76 million a year ago. Net loss was USD 7.1 million compared to USD 6.91 million a year ago. Basic loss per share from continuing operations was USD 0.55 compared to USD 0.54 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to USD 0.54 a year ago.
For the full year, sales was USD 420.46 million compared to USD 542.75 million a year ago. Net loss was USD 98.24 million compared to net income of USD 0.407 million a year ago. Basic loss per share from continuing operations was USD 7.64 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 7.64 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.