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VOXX International | 10-Q: Q1 2025 Earnings Report

VOXX International | 10-Q: Q1 2025 Earnings Report

奥迪富斯 | 10-Q:2025财年一季报
美股SEC公告 ·  2024/07/11 04:10

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VOXX International Corporation reported Q1 FY2025 net sales of $91.7 million, down 18.1% year-over-year. Gross profit decreased 7.9% to $25.4 million, while gross margin improved to 27.7%. The company posted a net loss of $9.3 million, compared to a $10.7 million loss in Q1 FY2024.Automotive Electronics sales fell 27.9% to $27.7 million, primarily due to declines in OEM rear seat entertainment products. Consumer Electronics sales dropped 12.8% to $63.9 million, impacted by lower sales of wireless accessory speakers and European accessory products. Operating expenses decreased 16.6% to $32.5 million as a result of cost-cutting measures and headcount reductions.VOXX ended the quarter with $4.2 million in cash and $59.5 million outstanding on its credit facility. The company is focusing on cash flow management and anticipates having sufficient resources for the next 12 months. Management continues to implement cost-cutting measures and introduce new products across segments to navigate current economic challenges.
VOXX International Corporation reported Q1 FY2025 net sales of $91.7 million, down 18.1% year-over-year. Gross profit decreased 7.9% to $25.4 million, while gross margin improved to 27.7%. The company posted a net loss of $9.3 million, compared to a $10.7 million loss in Q1 FY2024.Automotive Electronics sales fell 27.9% to $27.7 million, primarily due to declines in OEM rear seat entertainment products. Consumer Electronics sales dropped 12.8% to $63.9 million, impacted by lower sales of wireless accessory speakers and European accessory products. Operating expenses decreased 16.6% to $32.5 million as a result of cost-cutting measures and headcount reductions.VOXX ended the quarter with $4.2 million in cash and $59.5 million outstanding on its credit facility. The company is focusing on cash flow management and anticipates having sufficient resources for the next 12 months. Management continues to implement cost-cutting measures and introduce new products across segments to navigate current economic challenges.
奥迪富斯国际公司报告了2025财年第一季度净销售额为9170万美元,同比下降18.1%。毛利润下降7.9%,至2540万美元,而毛利率改善至27.7%。公司报告净亏损930万美元,相较于2024财年第一个季度的亏损1070万美元。汽车电子产品销售下降27.9%,至2770万美元,主要是由于OEM后座娱乐产品的销量下滑。消费电子-半导体销售下降12.8%,至6390万美元,受到无线配件扬声器和欧洲配件产品销量下降的影响。营业费用下降16.6%,至3250万美元,这得益于削减成本措施和人员减少。奥迪富斯在本季度结束时现金余额为420万美元,尚有5950万美元的信贷额度未偿还。公司专注于现金流管理,并预计未来12个月将拥有足够的资源。管理层继续实施削减成本措施,并在各个领域推出新产品,以应对当前经济挑战。
奥迪富斯国际公司报告了2025财年第一季度净销售额为9170万美元,同比下降18.1%。毛利润下降7.9%,至2540万美元,而毛利率改善至27.7%。公司报告净亏损930万美元,相较于2024财年第一个季度的亏损1070万美元。汽车电子产品销售下降27.9%,至2770万美元,主要是由于OEM后座娱乐产品的销量下滑。消费电子-半导体销售下降12.8%,至6390万美元,受到无线配件扬声器和欧洲配件产品销量下降的影响。营业费用下降16.6%,至3250万美元,这得益于削减成本措施和人员减少。奥迪富斯在本季度结束时现金余额为420万美元,尚有5950万美元的信贷额度未偿还。公司专注于现金流管理,并预计未来12个月将拥有足够的资源。管理层继续实施削减成本措施,并在各个领域推出新产品,以应对当前经济挑战。
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