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VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results
VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results
- Fiscal 2022 first quarter net sales increased $65.1 million or 90.4% year-over-year.
- Fiscal 2022 first quarter operating loss of $0.4 million, a $7.7 million year-over-year improvement.
- Fiscal 2022 net income attributable to VOXX of $2.7 million, an $11.0 million year-over improvement.
- Fiscal 2022 Adjusted EBITDA of $8.3 million, an $11.5 million year-over-year improvement.
PR Newswire
ORLANDO, Fla., July 12, 2021
ORLANDO, Fla., July 12, 2021 /PRNewswire/ VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2022 first quarter ended May 31, 2021.
VOXX International Corporation Reports Its Fiscal 2022 First Quarter Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Operator
Good day and thank you for standing by. Welcome to the VOXX International s fiscal 2021 conference call. [Operator instructions] I would now like to hand the conference over to your speaker today, Glenn Wiener, investor relations. Please go ahead.
Glenn Wiener
Investor Relations
Thank you, Laurie. Good afternoon, and welcome to VOXX International s fiscal 2021 fourth quarter and year-end conference call. Our Form 10-K was filed with the SEC. Our press release announcing results was issued as well just after market close.
And both documents can be found on the IR section of our website, as can our updated investor presentation, which is in the events and presentations section. Speaking from management today will be Pat Lavelle, president and chief executive officer; and Michael Stoehr, senior vice president and chief financial officer. Both will have prepared remarks, and we ll open up the call for questions. Our chairman and founder, John Shalam, is also with us, and
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ORLANDO, Fla., May 13, 2021 /PRNewswire/ VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2021 fourth quarter and year ended February 28, 2021.
Commenting on the Company s Fiscal 2021 results, Pat Lavelle, President and Chief Executive Officer stated, As our results demonstrate, we made significant progress this past fiscal year and believe we are at the beginning of the next phase of growth. We made two strategic acquisitions to strengthen our automotive business and have been awarded over $400 million in new OEM awards, many of which are the result of our alliance with Amazon to bring Fire TV to the automotive markets, and other OEM awards from our acquisition of VSM. We also realigned our premium audio business, gained new retail customers and with the formation of 11 Trading Company,