Voxx International Corporation Reports Earnings Results for the Second Quarter Ended August 31, 2021
October 12, 2021 at 04:06 pm EDT
Share
VOXX International Corporation announced earnings results for the second quarter ended August 31, 2021. For the second quarter, the company announced sales was USD 143.109 million compared to USD 128.032 million a year ago. Operating loss was USD 2.738 million compared to operating Income of USD 8.517 million a year ago. Net income was USD 311,000 compared to USD 7.340 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.3 a year ago. For the half year, sales was USD 280.169 million compared to USD 200.019 million a year ago. Operating loss was USD 3.094 million compared to operating Income of USD 444,000 a year ago. Net income was USD 3.027 million compared to net loss of USD 932,000 a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.04 a year ago.
VOXX International Corporation is an international manufacturer and distributor in the automotive electronics, consumer electronics, and biometrics industries. The Company has a portfolio of approximately 35 brands. The Company operates through three segments: Automotive Electronics, Consumer Electronics and Biometrics. The Automotive Electronics segment designs, manufactures, distributes and markets rear-seat entertainment devices, remote start systems, automotive security products and devices, vehicle access systems, mobile interface modules, mobile multimedia devices, and others. Consumer Electronics segment designs, manufactures, distributes and markets home theater systems, premium loudspeakers, outdoor speakers, A/V receivers, business music systems, streaming music systems, cinema speakers, architectural speakers, wireless and Bluetooth speakers and soundbars. Its Biometrics segment designs, markets and distributes iris identification and biometric security related products.
VOXX INTERNATIONAL CORPORATION 
