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VOXX International | 10-Q: Q2 2025 Earnings Report

VOXX International | 10-Q: Q2 2025 Earnings Report

奥迪富斯 | 10-Q:2025财年二季报
美股SEC公告 ·  2024/10/11 04:16

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VOXX International reported Q2 FY2025 net sales of $92.5M, down 18.6% YoY, while posting net income of $2.4M versus a loss of $11.1M last year. The quarter benefited from $10.5M in combined gains from selling its domestic accessories business and certain trade names. Gross margin declined slightly to 24.5% from 25.2%.Operating expenses decreased 14.3% to $31.8M due to headcount reductions and cost containment measures. The Automotive Electronics segment saw sales drop 25.5% to $26.4M on lower OEM rear seat entertainment and remote start volumes, while Consumer Electronics revenue fell 15.4% to $66.1M primarily from reduced European accessory sales.The company ended the quarter with $3.7M in cash and $45.8M outstanding on its credit facility. Management continues to focus on operational improvements and cost efficiencies while exploring strategic alternatives to maximize shareholder value, including potential sale of the company or its segments. The recent divestments are part of efforts to streamline operations and improve profitability.
VOXX International reported Q2 FY2025 net sales of $92.5M, down 18.6% YoY, while posting net income of $2.4M versus a loss of $11.1M last year. The quarter benefited from $10.5M in combined gains from selling its domestic accessories business and certain trade names. Gross margin declined slightly to 24.5% from 25.2%.Operating expenses decreased 14.3% to $31.8M due to headcount reductions and cost containment measures. The Automotive Electronics segment saw sales drop 25.5% to $26.4M on lower OEM rear seat entertainment and remote start volumes, while Consumer Electronics revenue fell 15.4% to $66.1M primarily from reduced European accessory sales.The company ended the quarter with $3.7M in cash and $45.8M outstanding on its credit facility. Management continues to focus on operational improvements and cost efficiencies while exploring strategic alternatives to maximize shareholder value, including potential sale of the company or its segments. The recent divestments are part of efforts to streamline operations and improve profitability.
奥迪富斯报告了2025财年第二季度净销售额为9250万美金,同比下降18.6%,同时净利润为240万美金,去年则亏损1110万美金。该季度受益于出售国内配件业务和某些交易名称所获得的1050万美金的合并收益。毛利率略微下降,从25.2%降至24.5%。营业费用因裁员和成本控制措施下降了14.3%,为3180万美金。汽车电子部门的销售额因OEM后座娱乐和远程启动量减少而下降25.5%,降至2640万美金,而消费电子营业收入则主要因欧洲配件销售减少而下降15.4%,降至6610万美金。公司在季度末现金余额为370万美金,信用额度未偿还为4580万美金。管理层继续专注于运营改进和成本效率,同时探索战略选择,以最大化股东价值,包括可能出售公司或其部门。最近的剥离是简化运营和提高盈利能力努力的一部分。
奥迪富斯报告了2025财年第二季度净销售额为9250万美金,同比下降18.6%,同时净利润为240万美金,去年则亏损1110万美金。该季度受益于出售国内配件业务和某些交易名称所获得的1050万美金的合并收益。毛利率略微下降,从25.2%降至24.5%。营业费用因裁员和成本控制措施下降了14.3%,为3180万美金。汽车电子部门的销售额因OEM后座娱乐和远程启动量减少而下降25.5%,降至2640万美金,而消费电子营业收入则主要因欧洲配件销售减少而下降15.4%,降至6610万美金。公司在季度末现金余额为370万美金,信用额度未偿还为4580万美金。管理层继续专注于运营改进和成本效率,同时探索战略选择,以最大化股东价值,包括可能出售公司或其部门。最近的剥离是简化运营和提高盈利能力努力的一部分。
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