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VOXX International Corporation Class A (VOXX)
NASDAQ:VOXX
Top Page
VOXX International
(NASDAQ:VOXX)
64Neutral
VOXX International (VOXX) vs. S&P 500 (SPY)
Market Cap
$168.96M
Dividend YieldN/A
Average Volume (3M)179.00K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-20.10%
EPS Growth-88.89%
CountryUS
Employees911
SectorTechnology
Sector Strength42
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-3.10
Shares Outstanding20,266,914
10 Day Avg. Volume142,303
30 Day Avg. Volume179,004
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.42
Price to Cash Flow (P/CF)2.20
P/FCF Ratio2.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
VOXX International Business Overview & Revenue Model
Company DescriptionVOXX International Corporation is a leading global manufacturer and distributor of consumer electronics, premium audio products, and automotive electronics. The company operates through various segments, including Automotive Electronics, Consumer Electronics, and Biometrics. VOXX offers a diverse portfolio of brands, such as Klipsch, RCA, and Audiovox, providing innovative solutions in audio, security, and convenience for consumers and businesses worldwide.
How the Company Makes MoneyVOXX International makes money primarily through the sale of its products across its key segments. In the Automotive Electronics segment, the company generates revenue by supplying OEM and aftermarket automotive electronics, including infotainment systems, satellite radio, and rear-seat entertainment systems. The Consumer Electronics segment contributes to revenue through sales of audio products, such as speakers and headphones, under brands like Klipsch and RCA. Additionally, the Biometrics segment, which focuses on iris-identification and facial-recognition technology, provides another stream of income. VOXX benefits from strategic partnerships and distribution agreements with various retailers and automotive manufacturers, enhancing its market reach and sales potential.
VOXX International Financial Statement Overview
Summary
VOXX International is facing significant profitability challenges, with declining revenue and persistent losses impacting its income statement. Despite a relatively strong equity position, increased leverage and negative returns highlight financial pressure. Cash flow improvements are noted but remain inconsistent, requiring strategic focus on stabilizing operations and enhancing revenue growth.Income Statement
The gross profit margin has decreased over the years, indicating declining efficiency in managing production costs. Net profit margins remain negative, reflecting ongoing losses, with the latest TTM data showing further deterioration. Revenue has been on a declining trend, presenting challenges in sales growth. Margins like EBIT and EBITDA are negative, highlighting operational inefficiencies or high expenses.55
Neutral
Balance Sheet
The balance sheet shows a strong equity position with a healthy equity ratio, suggesting the company is not overly leveraged. However, the debt-to-equity ratio has increased in recent periods, indicating rising debt levels relative to equity. The return on equity is negative due to ongoing net losses, reflecting poor overall profitability.67
Positive
Cash Flow
Cash flow performance is mixed, with free cash flow turning positive in the latest TTM, indicating improved liquidity management. However, operating cash flow to net income is weak due to negative net income, and free cash flow growth rates are volatile. The company faces challenges in consistently generating positive cash flow.60
Neutral
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 397.41M | 468.91M | 534.01M | 635.92M | 563.61M | 394.89M | Gross Profit |
| 82.67M | 114.02M | 134.30M | 169.48M | 158.55M | 109.78M | EBIT |
| -81.80M | -44.04M | -10.05M | 7.92M | 32.74M | -19.23M | EBITDA |
| -62.03M | -28.00M | -13.18M | -10.91M | 41.65M | -25.02M | Net Income Common Stockholders |
| -71.78M | -40.85M | -30.91M | -27.46M | 26.77M | -41.82M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 69.51M | 10.99M | 6.13M | 27.79M | 59.40M | 37.42M | Total Assets |
| 488.98M | 444.01M | 519.45M | 586.66M | 550.82M | 441.57M | Total Debt |
| 27.38M | 74.91M | 40.59M | 15.57M | 10.35M | 10.32M | Net Debt |
| -42.13M | 63.92M | 34.45M | -12.22M | -49.06M | -27.11M | Total Liabilities |
| 124.72M | 191.82M | 214.63M | 236.50M | 171.49M | 90.86M | Stockholders Equity |
| 364.26M | 294.87M | 341.86M | 384.65M | 410.68M | 378.66M |
| Cash Flow | Free Cash Flow | ||||
| 3.89M | -23.25M | -41.77M | -6.86M | 33.70M | -3.92M | Operating Cash Flow |
| 7.25M | -20.52M | -38.21M | -2.96M | 36.61M | -1.01M | Investing Cash Flow |
| 18.74M | -2.00M | -3.56M | -34.31M | -13.87M | -6.71M | Financing Cash Flow |
| -31.54M | 24.70M | 16.41M | 5.29M | -1.94M | -12.59M |
VOXX International Technical Analysis
Positive
7.50
Price Trends
7.43
Positive
7.40
Positive
6.02
Positive
Market Momentum
0.02
Negative
61.99
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VOXX, the sentiment is Positive. The current price of 7.5 is above the 20-day moving average (MA) of 7.48, above the 50-day MA of 7.43, and above the 200-day MA of 6.02, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 61.99 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VOXX.
VOXX International Risk Analysis
VOXX International disclosed 44 risk factors in its most recent earnings report. VOXX International reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
VOXX International Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $168.96M | ― | -25.15% | ― | -20.10% | -88.89% | |
64 Neutral | $284.99M | 19.11 | 15.74% | ― | 44.41% | ― | |
60 Neutral | $929.02M | ― | -15.60% | ― | -9.83% | -3191.56% | |
57 Neutral | $20.94B | 10.43 | -13.41% | 2.52% | 4.53% | -23.34% | |
53 Neutral | $80.24M | ― | -14.47% | ― | -6.08% | 75.80% | |
51 Neutral | $1.28B | ― | -12.95% | ― | -8.74% | -2452.05% | |
43 Neutral | $44.82M | ― | -2.40% | ― | -6.95% | 27.08% |
* Technology Sector Average
Performance Comparison
VOXX
VOXX International
7.50
-0.81
-9.75%
KOSS
Koss
4.73
2.23
89.20%
TBCH
Turtle Beach
15.06
-2.58
-14.63%
UEIC
Universal Electronics
6.44
-3.60
-35.86%
SONO
Sonos
10.77
-8.25
-43.38%
CRSR
Corsair Gaming
8.95
-3.14
-25.97%
VOXX International Earnings Call Summary
Earnings Call Date: Feb 7, 2025 | % Change Since: 1.35% | Next Earnings Date: May 20, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed sentiment. While there are significant achievements in debt reduction and strategic restructuring, the company still faces challenges in its automotive and consumer segments. The focus on ERP implementation and future growth potential in Premium Audio provides optimism.Highlights
Debt Reduction Achievements
Paid down over $50 million in total debt since year-end, reducing total debt to under $20 million and net debt under $15 million.
Strategic Divestitures
Sold domestic accessory business and two non-core brands, generating $48 million in gross proceeds used to pay down debt.
Positive Developments in Premium Audio
Despite a $21 million decline in Consumer segment sales, Premium Audio generated pretax income of $4.6 million compared to a loss of $7 million in fiscal 2024.
ERP Implementation
Moving forward with ERP implementation to enhance efficiencies and lead to significant cost savings.
Lowlights
Automotive Segment Decline
Automotive business down 26.8% in sales with a pretax loss of $3.6 million, despite an 80 basis point increase in gross margin.
Consumer Segment Sales Drop
Consumer segment sales down $21 million year-to-date, impacted by the sale of domestic accessories and market conditions.
Ongoing Supply Chain Challenges
Continued obstacles in global supply chain management affecting profitability and operational efficiency.
Company Guidance
During the VOXX Q2 2025 earnings call, the company provided guidance highlighting significant strides in debt reduction and restructuring efforts. VOXX reported total debt at under $20 million as of October 9, down from over $73 million at the beginning of fiscal 2024, largely thanks to $48 million in gross proceeds from the sale of non-core assets. The company emphasized its strategic focus on improving profitability and operational efficiency, particularly mentioning a 26.8% decline in Automotive sales accompanied by an 80 basis point increase in gross margin, despite a $3.6 million pretax loss. The Consumer segment saw a $21 million year-to-date decline, yet managed to achieve a pretax income of $4.6 million, a substantial improvement from a $7 million loss in fiscal 2024. VOXX also highlighted new product launches and partnerships, such as a collaboration with Ford and the expansion of Nissan's lighting program, expected to bolster future revenue. The company expressed optimism for a profitable second half of the fiscal year, contingent on achieving projected sales targets amidst a challenging economic backdrop.VOXX International Corporate Events
Delistings and Listing ChangesM&A TransactionsBusiness Operations and Strategy
Gentex Completes Acquisition of VOXX International
Positive
Apr 1, 2025
On April 1, 2025, Gentex Corporation completed its acquisition of VOXX International in an all-cash transaction valued at $7.50 per share. Following the acquisition, VOXX’s Class A Common Stock was delisted from Nasdaq, and the company ceased its reporting obligations. This merger marks a strategic transformation for VOXX, as it integrates with Gentex’s innovative technologies and market expertise, particularly in consumer product distribution and smart home technologies. The acquisition also includes VOXX’s iris biometric technology and premium audio solutions, enhancing Gentex’s product portfolio and market reach.
Delistings and Listing ChangesM&A TransactionsRegulatory Filings and Compliance
VOXX International Faces Nasdaq Non-Compliance Notice
Neutral
Jan 31, 2025
On January 28, 2025, VOXX International received a notice from Nasdaq due to non-compliance with listing rules for not filing its Quarterly Report by the extended deadline. This non-compliance has no immediate impact on the company’s stock listing, and VOXX plans to submit the necessary report or a compliance plan to Nasdaq by March 31, 2025. The delay was partly due to the ongoing merger with Gentex Corporation, requiring asset impairment testing.
Executive/Board ChangesRegulatory Filings and Compliance
VOXX International Amends Executive Employment Agreements
Neutral
Jan 7, 2025
VOXX International Corporation has made amendments to the employment agreements of its key executives, including CEO Patrick M. Lavelle, Senior V.P., CFO, and COO Loriann Shelton, and Sr. V.P./Treasurer Charles M. Stoehr. These amendments primarily address compliance with Section 409A of the Internal Revenue Code, detailing specific conditions and payments related to severance and bonuses in the event of various terminations or changes in control. This move aims to ensure legal compliance and clarify financial obligations, impacting the company’s executive management structure and potentially influencing its stability and appeal to investors.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.