Beamr video compression achieves up to 50% improvement for AVs
In a recent transaction, Richard A. Firehammer Jr., Senior Vice President of Universal Electronics Inc. (NASDAQ:UEIC), a small-cap company valued at $89 million, sold 865 shares of common stock. The stock has experienced significant volatility, declining nearly 40% over the past six months, though InvestingPro analysis indicates the shares are currently undervalued. The shares were sold at an average price of $6.5542 per share, amounting to a total transaction value of approximately $5,669. Following this sale, Firehammer Jr. does not hold any shares of common stock directly. However, he retains 3,667 restricted stock units, which represent a contingent right to receive shares of the company’s common stock upon vesting. For deeper insights into insider transactions and comprehensive financial analysis, including 10+ additional ProTips, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Universal Electronics reported a net loss per share of $0.12 for the first quarter of 2025, missing the forecasted earnings per share of $0.07. The company’s revenue also fell short of expectations, coming in at $92.3 million compared to the anticipated $98.23 million. Despite these setbacks, the Connected Home segment was a highlight, with sales increasing by 31% to reach $31.7 million. The company also managed to reduce its operating expenses to $27.6 million and its net debt to $3.6 million. Looking ahead to the second quarter of 2025, Universal Electronics projects sales between $91 million and $101 million, with anticipated earnings per share ranging from $0.05 to $0.15. The company remains optimistic about its Connected Home market, with expected growth between 37% and 55%. Analysts from firms like Rosenblatt Securities have been engaging with the company on topics such as customer concentration and the ongoing CEO succession search. Universal Electronics continues to navigate challenges like macroeconomic uncertainties and potential tariff impacts.
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