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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

奧迪富斯 | 8-K:VOXX 國際公司公佈其2025財年第一季度財務業績
美股SEC公告 ·  07/16 05:10

牛牛AI助理已提取核心訊息

VOXX International reported Q1 FY2025 net sales of $91.7M, down 18.1% YoY, with gross margins improving 310 basis points to 27.7%. The company posted an operating loss of $7.1M and an Adjusted EBITDA loss of $2.9M, both improved from the prior year. Operating expenses were reduced by 16.6% to $32.5M.VOXX is implementing aggressive restructuring measures to improve profitability, including optimizing operations, rationalizing product lines, and reducing debt. The company aims to eliminate approximately $45M in debt through asset sales and potential divestitures. Management expects to return to profitability in the second half of the fiscal year and for the full year FY2025.Despite challenging market conditions, VOXX's Premium Audio business grew, and new OEM programs are coming online. The company is investing in an ERP upgrade to Oracle Fusion to drive efficiencies. VOXX remains focused on improving margins, lowering costs, and redirecting capital to more profitable segments to enhance long-term shareholder value.
VOXX International reported Q1 FY2025 net sales of $91.7M, down 18.1% YoY, with gross margins improving 310 basis points to 27.7%. The company posted an operating loss of $7.1M and an Adjusted EBITDA loss of $2.9M, both improved from the prior year. Operating expenses were reduced by 16.6% to $32.5M.VOXX is implementing aggressive restructuring measures to improve profitability, including optimizing operations, rationalizing product lines, and reducing debt. The company aims to eliminate approximately $45M in debt through asset sales and potential divestitures. Management expects to return to profitability in the second half of the fiscal year and for the full year FY2025.Despite challenging market conditions, VOXX's Premium Audio business grew, and new OEM programs are coming online. The company is investing in an ERP upgrade to Oracle Fusion to drive efficiencies. VOXX remains focused on improving margins, lowering costs, and redirecting capital to more profitable segments to enhance long-term shareholder value.
奧迪富斯報告了2025財年第一季度淨銷售額爲9170萬,較去年同期下降18.1%,毛利率提升310個點子至27.7%。公司發佈了710萬的營業虧損和290萬的調整後EBITDA虧損,均較去年有所改善。營業費用減少16.6%至3250萬。奧迪富斯正在實施激進的重組措施以改善盈利能力,包括優化運營、合理化產品線和減少債務。公司計劃通過資產出售和潛在的剝離消除大約4500萬的債務。管理層預計在財年下半年和2025財全年恢復盈利。儘管市場條件嚴峻,奧迪富斯的優質音頻業務增長,新OEM項目正在上線。公司正在投資升級ERP系統至Oracle Fusion以提高效率。奧迪富斯仍然專注於改善利潤率、降低成本,並將資本重定向到更具盈利性的領域,以增強長期股東價值。
奧迪富斯報告了2025財年第一季度淨銷售額爲9170萬,較去年同期下降18.1%,毛利率提升310個點子至27.7%。公司發佈了710萬的營業虧損和290萬的調整後EBITDA虧損,均較去年有所改善。營業費用減少16.6%至3250萬。奧迪富斯正在實施激進的重組措施以改善盈利能力,包括優化運營、合理化產品線和減少債務。公司計劃通過資產出售和潛在的剝離消除大約4500萬的債務。管理層預計在財年下半年和2025財全年恢復盈利。儘管市場條件嚴峻,奧迪富斯的優質音頻業務增長,新OEM項目正在上線。公司正在投資升級ERP系統至Oracle Fusion以提高效率。奧迪富斯仍然專注於改善利潤率、降低成本,並將資本重定向到更具盈利性的領域,以增強長期股東價值。

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