Company:Voxx International

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Short description: American electronics company
VOXX International Corporation
TypePublic
NASDAQ: VOXX (Class A)
Russell Microcap Index component
Founded1960[1]
FounderJohn J. Shalam
Headquarters2351 J. Lawson Blvd.
Orlando, Florida[1]
Key people
John J. Shalam (Chairman)
Patrick M. Lavelle (CEO)
Charles M. Stoehr (CFO)[1]
ProductsConsumer electronics
Mobile electronics
Accessories
Premium High End Audio
RevenueDecreaseUS$464.8M (FY 2019)[1]
DecreaseUS$-41.2M (FY 2019)[1]
DecreaseUS$-46.1M (FY 2019)[1]
Total assetsDecreaseUS$508.8M (FY 2019)[1]
Total equityDecreaseUS$395.1M (FY 2019)[1]
Number of employees
885 (FY 2019) [1]
Websitewww.voxxintl.com

Voxx International is an American consumer electronics company founded as Audiovox Corporation in 1960, and renamed Voxx in 2012. It is headquartered in Orlando, Florida. The company specializes in four areas: OEM and after-market automotive electronics, consumer electronics accessories, and consumer and commercial audio equipment.

Over the years, Voxx International has purchased a number of recognizable brandnames when the original companies were no longer viable as independent specialty shops, including Acoustic Research, Advent, Code Alarm, Invision, Jensen, Klipsch, Prestige, RCA, 808 Audio, and Terk, among others. Its international brands include Audiovox, Hirschmann, Heco, Incaar, Oehlbach, Mac Audio, Magnat, Schwaiger, and others. In addition, the company licenses the Energizer brand.

History

In 2020, Voxx International Corporation announced the change of name Klipsch Holding, LLC, which became Premium Audio Company, LLC. Premium Audio Company, LLC consists of two subsidiaries: Klipsch Group, Inc (brands: Klipsch, Jamo, Energy, ProMedia) and 11 Trading Company, LLC.[2]

In May 2021, Voxx International and Sharp Corporation began negotiations with Onkyo to purchase its home audiovisual division.[3] Voxx's subsidiary Premium Audio Company (PAC) entered a joint venture with Sharp to acquire the business, which includes the Onkyo and Integra brands, for $30.8 million. PAC would own 75% of the joint venture and Sharp 25%. PAC would manage all product development, engineering, sales, marketing, and distribution while Sharp would be responsible for manufacturing and supply chain management of Onkyo products. The acquisition was completed in September 2021.[4][5]

Brands

Voxx International markets its products under several brand names, including:

  • 808 Audio
  • Acoustic Research
  • Advent
  • Astrostart
  • Audiovox
  • Automate
  • Autostart
  • Avital
  • CarLink
  • Champ
  • Chipmunks
  • Clifford
  • Code-Alarm
  • Directed Electronics
  • FlashLogic
  • Hirschmann
  • Incaar
  • InVision Technologies
  • Jamo
  • Jensen Electronics
  • Klipsch
  • Magnat
  • Onkyo
  • Pioneer Electronics
  • Prestige
  • Pursuit
  • PursuiTrak
  • Python
  • RCA
  • SmartStart
  • Surface Clean
  • Terk
  • UTStarcom
  • Viper
  • Zentral Home Command

Product types

Electronics

In 2013, Audiovox developed the app for a new accessory device called Shutterball.[6] Cellcom Communications holds the exclusive rights to the device.

Around 2010, Audiovox developed various wireless communication products, some of them were walkie-talkies and cordless phones. [7]

  • Audiovox GMRS-1525

  • Audiovox walkie-talkie

  • Audiovox GMRS-1582CH

  • Audiovox cordless phone

  • Audiovox RTM-8000 GSM/GPRS CompactFlash modem card

Restatements

On March 14, 2003, Audiovox said it planned to restate results for the first three quarters of fiscal 2002, following a review of the effect of the FASB's Emerging Issues Task Force regulations on its statements. The restatement would lower revenue by about $462,000, and increase income by $36,000.[8] On April 15, 2003, Audiovox announced to restate results for fiscal years 2000, 2001, and the first three quarters of fiscal 2002.

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 "VOXX FY2019 Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/807707/000080770719000013/voxx228201910k.htm. 
  2. ↑ Mitchell, Brian (2021-06-30). "VOXX International Acquires Onkyo for $30.8 million" (in en-US). https://www.ecoustics.com/news/voxx-international-onkyo-acquire/. 
  3. ↑ Hirashima, Kento (2021-05-02). "Audio brand Onkyo weighs last-ditch sale of core business" (in en-GB). https://asia.nikkei.com/Business/Electronics/Audio-brand-Onkyo-weighs-last-ditch-sale-of-core-business. 
  4. ↑ Nichols, Andrew (2021-06-28). "VOXX, Sharp Acquire Onkyo and Integra for $30.8M" (in en-US). https://www.cepro.com/audio-video/voxx-sharp-acquire-onkyo-integra-for-30-million/. 
  5. ↑ Knott, Jason (2021-09-09). "VOXX, Sharp Complete Acquisition of Onkyo, Integra" (in en-US). https://www.cepro.com/news/voxx-sharp-complete-acquisition-of-onkyo-integra/. 
  6. ↑ Roy Furchgott (5 November 2013). "Taking a Better Selfie With an Audiovox App". The New York Times. https://www.nytimes.com/2013/11/07/technology/personaltech/review-audiovox-shutterball-remote-shutter-release.html?_r=0. 
  7. ↑ "Voxx international - Search results for "Audiovox GMRS"". https://voxxintl.zendesk.com/hc/en-us/search?utf8=%E2%9C%93&query=audiovox+gmrs. 
  8. ↑ "Audiovox to Restate Results for Fiscal 2000, 2001 and the First Three Quarters of 2002". http://www.secinfo.com/dXKXk.2v.d.htm. 

External links



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