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VOXX International | 8-K: VOXX International Corporation Reports its Fiscal 2025 First Quarter Financial Results

VOXX International | 8-K: VOXX International Corporation Reports its Fiscal 2025 First Quarter Financial Results

奥迪富斯 | 8-K：VOXX 国际公司公布其2025财年第一季度财务业绩
美股SEC公告 ·  2024/07/15 17:10

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VOXX International reported Q1 FY2025 net sales of $91.7M, down 18.1% YoY, while gross margins improved 310 basis points to 27.7%. Operating loss narrowed to $7.1M from $11.4M last year, with Adjusted EBITDA loss improving to $2.9M from $4.9M. The company reduced operating expenses by 16.6% through restructuring initiatives and headcount reductions.The Automotive segment saw a 27.9% decline to $27.7M due to lower OEM rear seat entertainment sales, while Consumer Electronics dropped 12.8% to $63.9M. Premium Audio product sales increased slightly to $48.4M driven by new product launches. The company is transitioning OEM production to Mexico and plans to complete the move by Q2 end.Management announced plans to reduce debt by approximately $45M through asset sales, including the Orlando facility sale expected in Q3. The company has engaged consulting firm Accordion to optimize operations and aims to cut overhead by another 5% in H2. Despite challenging market conditions, VOXX expects to return to profitability this fiscal year through continued cost reduction and operational improvements.
VOXX International reported Q1 FY2025 net sales of $91.7M, down 18.1% YoY, while gross margins improved 310 basis points to 27.7%. Operating loss narrowed to $7.1M from $11.4M last year, with Adjusted EBITDA loss improving to $2.9M from $4.9M. The company reduced operating expenses by 16.6% through restructuring initiatives and headcount reductions.The Automotive segment saw a 27.9% decline to $27.7M due to lower OEM rear seat entertainment sales, while Consumer Electronics dropped 12.8% to $63.9M. Premium Audio product sales increased slightly to $48.4M driven by new product launches. The company is transitioning OEM production to Mexico and plans to complete the move by Q2 end.Management announced plans to reduce debt by approximately $45M through asset sales, including the Orlando facility sale expected in Q3. The company has engaged consulting firm Accordion to optimize operations and aims to cut overhead by another 5% in H2. Despite challenging market conditions, VOXX expects to return to profitability this fiscal year through continued cost reduction and operational improvements.
奥迪富斯报告2025财年第一季度净销售额为9170万，较去年同期下滑18.1%，而毛利率提高了310个基点，达到27.7%。营业亏损从去年的1140万缩减至710万，调整后的EBITDA亏损从490万改善至290万。公司通过重组措施和裁员将营业费用减少了16.6%。汽车部门由于OEM后座娱乐销售下降，销售额下降了27.9%，达2770万，而消费电子-半导体则下降了12.8%，达6390万。由于新产品发布，优质音频产品销售轻微增长至4840万。公司正在将OEM生产转移到墨西哥，计划在第二季度结束前完成搬迁。管理层宣布计划通过资产出售减少约4500万债务，包括预计在第三季度完成的奥兰多设施的出售。公司已与咨询公司Accordion合作，优化运营，目标在下半年再削减5%的管理费用。尽管市场环境充满挑战，奥迪富斯预计通过持续降低成本和改善运营在本财年内恢复盈利。
奥迪富斯报告2025财年第一季度净销售额为9170万，较去年同期下滑18.1%，而毛利率提高了310个基点，达到27.7%。营业亏损从去年的1140万缩减至710万，调整后的EBITDA亏损从490万改善至290万。公司通过重组措施和裁员将营业费用减少了16.6%。汽车部门由于OEM后座娱乐销售下降，销售额下降了27.9%，达2770万，而消费电子-半导体则下降了12.8%，达6390万。由于新产品发布，优质音频产品销售轻微增长至4840万。公司正在将OEM生产转移到墨西哥，计划在第二季度结束前完成搬迁。管理层宣布计划通过资产出售减少约4500万债务，包括预计在第三季度完成的奥兰多设施的出售。公司已与咨询公司Accordion合作，优化运营，目标在下半年再削减5%的管理费用。尽管市场环境充满挑战，奥迪富斯预计通过持续降低成本和改善运营在本财年内恢复盈利。
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