Voxx International

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VOXX International Corporation
TypePublic
Nasdaq: VOXX (Class A)
Russell Microcap Index component
Founded1960[1]
Founder
Headquarters2351 J. Lawson Blvd.
Orlando, Florida[1]
Key people
John J. Shalam (Chairman)
(CEO)
(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.

In June 2021, Voxx International finalized a deal to purchase Onkyo.[2]

Brands[]

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

Product types[]

Electronics[]

In 2013, Audiovox developed the app for a new accessory device called Shutterball.[3] 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. [4]

  • Audiovox GMRS-1525

  • Audiovox walkie-talkie

  • Audiovox GMRS-1582CH

  • Audiovox cordless phone

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.[5] On April 15, 2003, Audiovox announced to restate results for fiscal years 2000, 2001, and the first three quarters of fiscal 2002.

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.

References[]

  1. ^ a b c d e f g h i "VOXX FY2019 Annual Report". SEC.gov. U.S. Securities and Exchange Commission.
  2. ^ Green, Ted (2021-06-03). "VOXX finally speaks: We have an agreement to purchase only Onkyo". Strata Gee.
  3. ^ Roy Furchgott (5 November 2013). "Taking a Better Selfie With an Audiovox App". The New York Times. Retrieved 6 November 2014.
  4. ^ "Voxx international - Search results for "Audiovox GMRS"".
  5. ^ "Audiovox to Restate Results for Fiscal 2000, 2001 and the First Three Quarters of 2002".

External links[]

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