Oct. 14, 2020 8:59 AM ETVOXX International Corporation (VOXX)By: Clark Schultz, SA News Editor
Voxx International (NASDAQ:VOXX) shoots higher after turning to a profit in FQ2.
"We had a strong second quarter, both in terms of sales and profitability and our outlook looks promising. Premium audio product sales are growing and should increase significantly with expanded distribution, our new alliance with Onkyo and Pioneer, and new products coming to market," says CEO Pat Lavelle.
Revenue was up 41.9%, led by a 50.7% jump in the consumer electronics segment.
Voxx ended the quarter with cash of $45.9M vs. $37.4M a year ago.
Shares of Voxx are up 18.29% in premarket action to $10.22. It is the first time in almost six years that Voxx has traded in double digits.
Recent VOXX News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 08:41:19 PM
- VOXX International Corporation Announces the Successful Sale of its Domestic Accessory Business and the Sale of its Jamo™ and Energy™ Brands for a Total of Approximately $28 Million • PR Newswire (US) • 09/05/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 04:22:50 PM
- VOXX International Corporation Announces Strategic Alternatives Process to Maximize Valuation • PR Newswire (US) • 08/27/2024 01:25:00 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/27/2024 01:01:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 01:00:06 PM
- VOXX International Corporation Announces Changes to its Board of Directors • PR Newswire (US) • 08/13/2024 12:30:00 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 08/09/2024 06:09:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:40:07 PM
- VOXX International Corporation Announces the Sale of Certain Assets of its Domestic Accessories Group to Established, Inc. for Approximately $25 Million • PR Newswire (US) • 08/08/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 09:05:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 09:03:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 08:57:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 08:50:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 08:48:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:30:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 09:06:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/15/2024 04:21:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/15/2024 04:20:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/10/2024 08:08:15 PM
- VOXX International Corporation Reports its Fiscal 2025 First Quarter Financial Results • PR Newswire (US) • 07/10/2024 08:05:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/08/2024 06:28:04 PM
- VOXX INTERNATIONAL CORPORATION SETS DATE TO REPORT ITS FISCAL 2025 FIRST QUARTER RESULTS AND HOST CONFERENCE CALL • PR Newswire (US) • 07/03/2024 12:30:00 PM
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