Consumer Segment Pretax Income: $4.6 million compared to a loss of $7 million in fiscal 2024.

Release Date: October 11, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

Negative Points

Q & A Highlights

Q: Can we assume that Klipsch is worth more than the $166 million purchase price from 2011? A: Patrick Lavelle, CEO: Yes, Klipsch is worth more now, especially with the addition of Onkyo's electronics expertise, which enhances Klipsch's acoustic capabilities. This combination is expected to drive future growth.

Q: Is Klipsch up for sale? A: Patrick Lavelle, CEO: We are in a process to determine the company's value, and there may be offers for the entire company or parts of it, similar to the Gentex offer.

Q: Are we currently doing any business with Gentex, and do we plan to do more in the future? A: Patrick Lavelle, CEO: Yes, we supply Gentex with automotive aftermarket mirrors and hope to expand this relationship, leveraging our distribution network.

Q: What is the current book value per share? A: Loriann Shelton, CFO: The book value is around $11 per share, which we consider a conservative estimate based on our operations and real estate holdings.

Q: Can we expect VOXX to have a profitable third quarter and finish the year profitably? A: Patrick Lavelle, CEO: Historically, the third quarter is strong, and if projections hold, we expect to be profitable for the year, though economic conditions could impact this.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.