展示99.1

voxxインターナショナルコーポレーションは、2025会計年度第2四半期の財務結果を発表しました。

2024年10月10日、フロリダ州オーランド voxxインターナショナル株式会社（NASDAQ: VOXX）は、世界市場向けの自動車および消費関連技術の一流メーカーおよび販売業者であり、生体認証を含む戦略的な合弁事業も展開している。本日、2024年8月31日終了の2025会計年度第2四半期および6か月間の財務結果を発表しました。

voxxインターナショナル株式会社の社長兼最高経営責任者であるパット・ラベルは、「解除価値を引き出すための計画を実行する上で、今年の前半にかなりの進展を遂げました」と述べました。「財務2024年度を赤字で終え、約$73 millionの総負債超過があり、これは歴史的に見て、私たちにとって非常に高い金額であり、常に低レバレッジと財務的な柔軟性を維持してきた私たちとしては非常に高いです。そのため、ビジネスをリストラして事業の規模を適切にし、運用効率を改善し、支出を減らし、運転資金ニーズを減らすための内部再編計画を開始しました。同時に、非コア資産の売却を検討し、この四半期、国内アクセサリービジネスと2つの非コアプレミアムオーディオブランドを成功裏に売却し、取引で約$28 millionを純得しました。また、メキシコへのOEm製造の移行を完了に近づけている2025会計年度の第3四半期に、フロリダの不動産を売却し、200 millionドルの総収益を上げました。本日時点で、総負債は$20 million未満となり、純負債は$15 million未満となりました。これは基本的に現時点の通常の運転資金ニーズに過ぎません。」

ラベルは続けて、私たちの資産価値と株価との間に大きな乖離があると考えているため、株主により良い価値を生み出す可能性があるすべての手段を探るために戦略的代替プロセスに着手しました。これは、ビジネス全体の売却、追加のビジネスや資産の売却、私たちのポートフォリオ内にまだ高い価値があること、及び所有する不動産を意味するかもしれません。プロセスの結果に関係なく、我々はVOXXを再び利益を出すように徹底的に集中しています。リストラプログラム、OEmの移転、サプライチェーンの堅実な管理、そしてすべての新しいプログラムや製品により、この決算年にそれを行うことができると信じています。我々は積極的に行動を起こし、経済やビジネス環境が我々に投げかけることを相殺するためにできることをコントロールしています。計画通りに売上が今年の後半に具体化すれば、目標達成に向けて着実に進んでいます。

2025会計年度と2024会計年度第2四半期の比較

2025年8月31日終了の2025会計年度第2四半期の純売上高は、2024年8月31日終了の2024会計年度第2四半期の11360万ドルに比べて9250万ドルとなり、2120万ドル、または18.6%減少しました。同様の比較期間において：

2024年3月1日、同社の過半数出資子会社であるEyeLock LLCは、在庫や無形資産を含む資産を、新たに設立された合弁企業であるBioCenturion LLCに寄与しました。2024年8月31日までの3ヶ月および6ヶ月を含む期間について、同社はBioCenturion LLCへの投資を持分法投資として処理し、持分法適用会社からの（損失）収益は、同社の未監査の連結損益計算書および包括利益計算書におけるその他（費用）収入の中で記録されました。

2025会計年度第2四半期の粗利率は、前年度第2四半期の25.2％に比べて24.5％であり、70ベーシスポイントの低下となりました。2025会計年度と2024会計年度の第2四半期を比較すると、企業は次のように報告しました：

2025年第2四半期の総営業費用は3,180万ドルで、対応する2024年度の同期間の3,710万ドルと比較して、530万ドルまたは14.3%の減少となりました。年次比の改善は、主にコストと運転資本ニーズを低減するために設計されたリストラプログラムとその他のイニシアティブからの好影響によるものです。2025年度第2四半期と2024年度の第2四半期を比較すると、企業は次のように報告しました:

会社は2025年度第2四半期において、前年同期の850万ドルの営業損失と比較して910万ドルの営業損失を報告しました。

2025年度第2四半期の純その他収入は1250万ドルであり、2024年度の同様の期間のその他の純費用290万ドルと比較されます。2024年8月に、会社は完全子会社であるVOXX Accessories Corp.とPremium Audio Company, LLC.の特定の資産を売却し、これらの資産の売却によりそれぞれ830万ドルと220万ドルの利益を得ました。その他に：

VOXXインターナショナル社に帰属する当期純利益は、2025年度第2四半期に240万ドルで、2024年度の同時期にはVOXXインターナショナル社に帰属する1110万ドルの純損失と比較されました。会社は2025年度第2四半期にVOXXインターナショナル社に帰属する基本および希薄化後の一株当たり利益を0.10ドルと報告し、2024年度の同時期にはVOXXインターナショナル社に帰属する基本および希薄化後の一株当たり損失が0.47ドルであったと比較されました。

会社は、2025会計年度第2四半期の利息、税金、減価償却費および償却前利益（"EBITDA"）を850万ドルと報告しました。これは、比較対象となる2024会計年度第2四半期のEBITDA損失540万ドルと比べると改善されています。2025会計年度第2四半期の調整後EBITDAは270万ドルの損失であり、比較対象となる2024年度の期間ではほぼ均衡だったとされています。

2025年度と2024年度の6ヶ月比較

2024年8月31日に終了した2025年度の6か月間の純売上高は18410万ドルで、2023年度の6か月間の22560万ドルと比較すると、4140万ドル、つまり18.4%の減少となりました。

The gross margin in the Fiscal 2025 six-month period was 26.1% as compared to 24.9% in the Fiscal 2024 six-month period, an increase of 120 basis points. For the same comparable periods, the Company reported:

Total operating expenses in the Fiscal 2025 six-month period were $64.3 million as compared to $76.1 million in the comparable Fiscal 2024 period, an improvement of $11.8 million or 15.5%. For the same comparable periods:

The Company reported an operating loss in the Fiscal 2025 six-month period of $16.2 million as compared to an operating loss of $19.9 million in the comparable Fiscal 2024 period.

Total other income, net, in the Fiscal 2025 six-month period was $8.9 million as compared to total other expense, net, of $4.5 million in the comparable Fiscal 2024 period, a $13.4 million improvement.

Net loss attributable to VOXX International Corporation in the Fiscal 2025 six-month period was $6.9 million as compared to a net loss attributable to VOXX International Corporation of $21.8 million in the comparable Fiscal 2024 period. The Company reported a basic and diluted loss per share attributable to VOXX International Corporation of $0.30 in the Fiscal 2025 six-month period as compared to a basic and diluted loss per common share attributable to VOXX International Corporation of $0.92, in the comparable Fiscal 2024 period.

The Company reported EBITDA in the Fiscal 2025 six-month period of $3.3 million as compared to an EBITDA loss in the comparable Fiscal 2024 period of $13.0 million. The Company reported an Adjusted EBITDA loss in the Fiscal 2025 six-month period of $5.8 million as compared to an Adjusted EBITDA loss in the comparable Fiscal 2024 period of $5.0 million.

Fiscal 2025 Second Quarter Dispositions and Subsequent Real Estate Transaction in the Fiscal 2025 Third Quarter

Sale of Domestic Accessories Business

On August 30, 2024, the Company's wholly owned subsidiary, VOXX Accessories Corp. ("VAC"), completed the sale of certain assets of its domestic accessories business ("the Disposal Group"), consisting of intangible assets and inventory, which was included in the Company's Consumer Electronics segment, to Talisman Brands Inc., d/b/a Established Inc. (“Established" or the "Buyer”) for total consideration of $24.5 million, net of selling expenses. The consideration was recorded as a receivable due from Established on the Company’s Consolidated Balance Sheet at August 31, 2024. The Company recognized a gain in the amount of $8.3 million on the sale of the Disposal Group for the three and six months ended August 31, 2024 within Other income (expense) on the Company’s Unaudited

Consolidated Statements of Operations and Comprehensive Income (Loss). During September 2024, the Company received payments totaling $24.4 million toward the total balance due from Established. The remaining balance due of $0.1 million is expected to be received during the third quarter of Fiscal 2025. The proceeds of the sale have been used by the Company to repay its outstanding debt.

Additionally, at closing, the Company and Established entered into an operations services agreement, pursuant to which the Company agreed to continue to operate the accessories business for the Buyer's benefit, consisting of certain defined services, including purchasing, logistics, sales, MIS, human resources, customer service, credit and collections, and finance and accounting services. The operating services agreement will continue for a period of twelve months, and may be canceled at any time, or extended, at the Buyer's option.

Sale of Premium Audio Company Trade Names and Related Inventory

On August 15, 2024, the Company's wholly owned subsidiary, Premium Audio Company, LLC ("PAC"), completed the sale of certain trade names and related inventory to Jamo Holding Limited and Cinemaster Shanghai Ltd. for total consideration of $3.4 million. The Company recognized a gain of $2.2 million on the sale of these assets for the three and six months ended August 31, 2024 within Other income (expense) on the Company’s Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss). The proceeds of the sale were used by the Company to repay outstanding debt.

Sale of the Company’s Orlando, FL OEM Manufacturing Facility

On September 24, 2024, the Company completed the sale of its manufacturing facility in Lake Nona, Florida to Aladdin Sane Realty, LLC (the "buyer") for a purchase price of $20.0 million. Net proceeds from the sale were used to repay the remaining outstanding balance of the Company's Florida Mortgage and the related interest rate swap was terminated on this date. The Company will lease approximately 18,000 square feet of office and warehouse space in the building from the buyer for a period of five years.

Strategic Process

On August 27, 2024, the Company announced that its board of directors had been conducting an exploration of strategic alternatives in connection with the Company’s ongoing effort to maximize shareholder value. As part of the process, the board will consider a range of options including, among other things, a potential sale of the Company, a sale of segments, operational improvements, or other strategic transactions. Per its fiduciary responsibilities and to support its evaluation process, the board has established a strategic transactions committee which has retained Solomon Partners as financial advisor and Bryan Cave Leighton Paisner LLP as legal advisor.

Balance Sheet Update

As of August 31, 2024, the Company had cash and cash equivalents of $3.7 million as compared to $11.0 million as of February 29, 2024. Total debt as of August 31, 2024 was $55.2 million as compared to $73.3 million as of February 29, 2024, an improvement of $18.1 million. The decline in total debt is primarily related to an $18 million reduction in outstanding debt on the Company’s Domestic Credit Facility and a $0.3 million reduction in debt associated with the Company’s Florida mortgage, partially offset by a $0.2 million increase in debt outstanding related to the shareholder loan payable to Sharp Corporation. Total long-term debt, net of debt issuance costs as of August 31, 2024 was $50.0 million as compared to $71.9 million as of February 29, 2024, an improvement of $21.9 million.

As of October 9, 2024, the Company’s total debt was $18.1 million and its net debt, less its cash position of $4.5 million, stood at $13.6 million.

Conference Call Information

The Company will be hosting its conference call and webcast on Friday, October 11, 2024 at 10:00 a.m. ET.

Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. Those wishing to ask questions following management’s remarks should use the dial-in numbers provided.

Non-GAAP Measures
EBITDA and Adjusted EBITDA are not financial measures recognized by GAAP. EBITDA represents net loss attributable to VOXX International Corporation and Subsidiaries, computed in accordance with GAAP, before interest expense and bank charges, taxes, and depreciation and amortization. Adjusted EBITDA represents EBITDA adjusted for stock-based compensation expense, gains on the sale of certain assets and businesses, foreign currency gains and losses, restructuring expenses, certain non-routine legal fees, and awards. Depreciation, amortization, stock-based compensation, and foreign currency gains and losses are non-cash items.

We present EBITDA and Adjusted EBITDA in this press release and in our Form 10-Q because we consider them to be useful and appropriate supplemental measures of our performance. Adjusted EBITDA helps us to evaluate our performance without the effects of certain GAAP calculations that may not have a direct cash impact on our current operating performance. In addition, the exclusion of certain costs or gains relating to certain events allows for a more meaningful comparison of our results from period-to-period. These non-GAAP measures, as we define them, are not necessarily comparable to similarly entitled measures of other companies and may not be an appropriate measure for performance relative to other companies. EBITDA and Adjusted EBITDA should not be assessed in isolation from, are not intended to represent, and should not be considered to be more meaningful measures than, or alternatives to, measures of operating performance as determined in accordance with GAAP.

About VOXX International Corporation
VOXX International Corporation (NASDAQ: VOXX) has grown into a worldwide leader in the Automotive Electronics and Consumer Electronics industries. Over the past several decades, VOXX has built market-leading positions in in-vehicle entertainment and automotive security, as well as in a number of premium audio market segments, and more. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world's leading automotive manufacturers. For additional information, please visit our website at www.voxxintl.com.

Safe Harbor Statement

Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to the risk factors described in the “Risk Factors” section of the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2024, and other filings made by the Company from time to time with the SEC, as such descriptions may be updated or amended in any future reports we file with the SEC. The factors described in such SEC filings include, without limitation: impacts related to the COVID-19 pandemic, global supply shortages and logistics costs and delays; global economic trends; cybersecurity risks; risks that may result from changes in the Company's business operations; operational execution by our businesses; changes in law, regulation or policy that may affect our businesses; our ability to increase margins through implementation of operational improvements, restructuring and other cost reduction methods; our ability to keep pace with technological advances; significant competition in the automotive electronics, consumer electronics and

biometrics businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; foreign currency fluctuations; and restrictive debt covenants. Many of the foregoing risks and uncertainties are, and will be, exacerbated by the War in the Ukraine and any worsening of the global business and economic environment as a result.

Investor Relations Contact:

Glenn Wiener, GW Communications (for VOXX)

Email: gwiener@GWCco.com

Tables to Follow

VOXX International Corporation and Subsidiaries Consolidated Balance Sheets

(In thousands, except share and per share data)

VOXX International Corporation and Subsidiaries

Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss)

(In thousands, except share and per share data)

Reconciliation of GAAP Net Income (Loss) Attributable to VOXX International Corporation to EBITDA and Adjusted EBITDA

For purposes of calculating Adjusted EBITDA for the Company, interest expense and bank charges, depreciation and amortization, and foreign currency gains and losses have been adjusted in order to exclude the non-controlling interest portion of these expenses attributable to EyeLock LLC and Onkyo Technology KK, as appropriate.