2023-05-04 16:54:59 ET
- Universal Electronics press release ( NASDAQ: UEIC ): Q1 Non-GAAP EPS of $0.28 beats by $0.59 .
- Revenue of $108.4M (-18.1% Y/Y) beats by $5.99M .
- At March 31, 2023, cash and cash equivalents were $56.9 million.
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Financial Outlook
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For the second quarter of 2023, the company expects GAAP net sales to range between $105 million and $115 million, compared to $139.1 million in the second quarter of 2022.
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GAAP loss per share for the second quarter of 2023 is expected to range from $0.94 to $0.84, compared to GAAP earnings per diluted share of $0.23 in the second quarter of 2022.
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For the second quarter of 2023, the company expects Adjusted Non-GAAP net sales to range from $105 million and $115 million, compared to $139.1 million in the second quarter of 2022.
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Adjusted Non-GAAP loss per share is expected to range from $0.25 to $0.15, compared to Adjusted Non-GAAP earnings per diluted share of $0.66 in the second quarter of 2022.
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The second quarter 2023 Adjusted Non-GAAP loss per share estimate excludes $0.69 per share related to, among other things,
For further details see:
Universal Electronics Non-GAAP EPS of $0.28 beats by $0.59, revenue of $108.4M beats by $5.99M