VOXX · Voxx International Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $468.91M | $534.01M | $635.92M | $563.61M | $394.89M | $507.09M |
| Cost of Revenue | $354.89M | $399.71M | $466.44M | $405.06M | $285.11M | $374.80M |
| Gross Profit | $114.02M | $134.30M | $169.48M | $158.55M | $109.78M | $121.42M |
| R&D | - | $9.42M | $12.12M | $7.94M | $7.75M | $9.17M |
| SG&A | $69.23M | $74.51M | $75.95M | $70.08M | $68.93M | $66.94M |
| Total Operating Expenses | $158.06M | $161.58M | $161.55M | $136.07M | $159.23M | $162.61M |
| D&A | $12.44M | $13.13M | $12.40M | $11.03M | $13.28M | $12.34M |
| Operating Income | ($44.04M) | ($27.28M) | $7.92M | $22.48M | ($49.45M) | ($41.20M) |
| Interest Expense | $4.37M | $2.30M | $550.0K | $825.0K | $799.0K | $951.0K |
| Income Tax | ($1.78M) | ($39.0K) | $1.63M | $4.27M | $882.0K | ($6.13M) |
| Net Income | ($40.85M) | ($28.58M) | ($22.33M) | $26.77M | ($26.44M) | ($46.09M) |
| EPS - Basic | ($1.74) | ($1.17) | ($0.92) | $1.11 | ($1.08) | $1.45 |
| EPS - Diluted | ($1.74) | ($1.17) | ($0.92) | $1.09 | ($1.08) | ($1.89) |
Balance Sheet
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.99M | $6.13M | $27.79M | $59.40M | $37.42M | $58.24M |
| Accounts Receivable | $71.07M | $82.75M | $105.63M | $106.17M | $69.71M | $73.39M |
| Inventory | $128.47M | $175.13M | $174.92M | $130.79M | $99.11M | $102.38M |
| Accounts Payable | $35.08M | $35.10M | $76.67M | $61.83M | $22.10M | $31.14M |
| Current Assets | $235.87M | $285.02M | $330.77M | $319.34M | $217.82M | $246.38M |
| Total Assets | $444.01M | $519.45M | $586.66M | $550.82M | $441.57M | $508.81M |
| Current Liabilities | $96.98M | $153.39M | $204.02M | $146.80M | $71.02M | $95.22M |
| Long-term Debt | $72.77M | $38.69M | $10.83M | $6.61M | $7.11M | $7.61M |
| Total Liabilities | $187.71M | $210.61M | $236.50M | $171.49M | $90.86M | $113.71M |
| Stockholders' Equity | $294.87M | $341.86M | $381.10M | $407.42M | $376.18M | $407.67M |
| Retained Earnings | $58.27M | $98.00M | $126.57M | $148.91M | $122.14M | $148.58M |
Cash Flow
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($20.52M) | ($38.21M) | ($2.96M) | $36.61M | ($1.01M) | $22.56M |
| Investing Cash Flow | ($2.00M) | ($3.56M) | ($34.31M) | ($13.87M) | ($6.71M) | ($11.04M) |
| Financing Cash Flow | $24.70M | $16.41M | $5.29M | ($1.94M) | ($12.59M) | ($924.0K) |
| CapEx | $2.73M | $3.56M | $3.90M | $2.91M | $2.91M | $4.76M |
| Free Cash Flow | ($23.25M) | ($41.77M) | ($6.86M) | $33.70M | ($3.92M) | $17.80M |
Ratios
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 24.3% | 25.1% | 26.7% | 28.1% | 27.8% | 23.9% |
| Operating margin | -9.4% | -5.1% | 1.2% | 4.0% | -12.5% | -8.1% |
| EBITDA margin | -6.7% | -2.6% | 3.2% | 5.9% | -9.2% | -5.7% |
| Net margin | -8.7% | -5.4% | -3.5% | 4.7% | -6.7% | -9.1% |
| Free cash flow margin | -5.0% | -7.8% | -1.1% | 6.0% | -1.0% | 3.5% |
| FCF / Net income | 0.57 | 1.46 | 0.31 | 1.26 | 0.15 | -0.39 |
| R&D / Revenue | - | 1.8% | 1.9% | 1.4% | 2.0% | 1.8% |
| SG&A / Revenue | 14.8% | 14.0% | 11.9% | 12.4% | 17.5% | 13.2% |
| Effective tax rate | - | - | - | 13.8% | - | - |
| Return on assets | -9.2% | -5.5% | -3.8% | 4.9% | -6.0% | -9.1% |
| Return on equity | -13.9% | -8.4% | -5.9% | 6.6% | -7.0% | -11.3% |
| Return on invested capital | -9.5% | -5.7% | 1.6% | 4.7% | -10.2% | -7.8% |
| Liquidity | ||||||
| Current ratio | 2.43 | 1.86 | 1.62 | 2.18 | 3.07 | 2.59 |
| Quick ratio | 1.11 | 0.72 | 0.76 | 1.28 | 1.67 | 1.51 |
| Cash ratio | 0.11 | 0.04 | 0.14 | 0.40 | 0.53 | 0.61 |
| Leverage | ||||||
| Debt / Equity | 0.25 | 0.11 | 0.03 | 0.02 | 0.02 | 0.02 |
| Debt / Assets | 0.16 | 0.07 | 0.02 | 0.01 | 0.02 | 0.01 |
| Debt / EBITDA | - | - | 0.53 | 0.20 | - | - |
| Interest coverage | -10.1x | -11.9x | 14.4x | 27.2x | -61.9x | -43.3x |
| Equity multiplier | 1.51 | 1.52 | 1.54 | 1.35 | 1.17 | 1.25 |
| Liabilities / Assets | 0.42 | 0.41 | 0.40 | 0.31 | 0.21 | 0.22 |
| Efficiency | ||||||
| Asset turnover | 1.06 | 1.03 | 1.08 | 1.02 | 0.89 | 1.00 |
| Inventory turnover | 2.76 | 2.28 | 2.67 | 3.10 | 2.88 | 3.66 |
| Days sales outstanding | 55d | 57d | 61d | 69d | 64d | 53d |
| Days inventory outstanding | 132d | 160d | 137d | 118d | 127d | 100d |
| Days payable outstanding | 36d | 32d | 60d | 56d | 28d | 30d |
| Cash conversion cycle | 151d | 184d | 138d | 131d | 163d | 122d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -12.2% | -16.0% | 12.8% | 42.7% | -22.1% | 0.0% |
| Revenue CAGR (3y) | -5.9% | 10.6% | 7.8% | 3.6% | - | -9.4% |
| Revenue CAGR (5y) | -1.6% | 1.0% | - | -3.7% | -12.2% | - |
| Gross profit growth (YoY) | -15.1% | -20.8% | 6.9% | 44.4% | -9.6% | -8.2% |
| Operating income growth (YoY) | -61.5% | - | -64.7% | - | -20.0% | -115.7% |
| Net income growth (YoY) | -43.0% | -28.0% | - | - | 42.6% | - |
| EPS growth (YoY) | -48.7% | -27.2% | - | - | 42.9% | - |
| EPS CAGR (3y) | - | - | - | 82.3% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 44.3% | -508.6% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | 33.7% | - | - |
| Book value growth (YoY) | -13.7% | -10.3% | -6.5% | 8.3% | -7.7% | -10.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-02-29.
Business segments
$611.83M totalConsumer Electronics$326.62M · 53.4%
Automotive Electronics$142.34M · 23.3%
Automotive$142.34M · 23.3%
Biometrics$531.0K · 0.1%
Product / service
$469.49M totalPremium Audio Products$237.92M · 50.7%
Other Consumer Electronic Products$88.70M · 18.9%
Aftermarket Products$84.07M · 17.9%
OEMProducts$58.27M · 12.4%
Biometric Products$531.0K · 0.1%
Geographic
$468.91M totalUS$362.75M · 77.4%
Europe$88.56M · 18.9%
Non Us$17.60M · 3.8%
Stability scores
Altman Z′
FY 2024 · bankruptcy risk
1.74
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2024 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Electronic Parts & Equipment, NEC
Comparing VOXX International Corp against the 5 most active filers in the same SIC group.