- Company reports strong second-quarter results with an almost 65% sequential sales increase and decent profitability.
- Exceptional performance of the Premium Audio sub-segment with revenues doubling quarter-over-quarter. Based on projected H2 results, the business could be worth $15 per VOXX common share alone.
- Automotive business has been bolstered by recent acquisitions and is now expected to double sales within the next three years. Amazon Fire TV Collaboration has contributed to OEM customer wins.
- Material Eyelock biometrics contract likely to be announced soon, strategic review for the business remains ongoing.
- Buy with both hands with at least 50% short-term upside. Investors should use any near-term weakness to build positions ahead of an anticipated very strong second half.
For further details see:
VOXX International Is Finally Turning The Corner - Buy With Both Hands