VOXX International (VOXX) Financial Statements
Price: $7.5
Market Cap: $168.96M
Avg Volume: 202.61K
Market Cap: $168.96M
Avg Volume: 202.61K
Country: US
Industry: Consumer Electronics
Sector: Technology
Industry: Consumer Electronics
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of VOXX International.
Income Statement
| Breakdown | February 29, 2024 | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 | February 28, 2019 | February 28, 2018 | February 28, 2017 | February 29, 2016 | February 28, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $468.91M | $534.01M | $635.92M | $563.61M | $394.89M | $446.82M | $507.09M | $681.04M | $680.75M | $757.50M |
| Cost of Revenue | $354.89M | $399.71M | $466.44M | $405.06M | $285.11M | $325.40M | $374.80M | $479.53M | $485.06M | $533.63M |
| Gross Profit | $114.02M | $134.30M | $169.48M | $158.55M | $109.78M | $121.42M | $132.30M | $201.51M | $195.69M | $223.87M |
| Gross Profit Ratio | 24.32% | 25.10% | 26.65% | 28.10% | 27.80% | 27.17% | 26.09% | 29.59% | 28.75% | 29.55% |
| Research and Development Expenses | $29.39M | $31.46M | $31.54M | $20.90M | $21.60M | $24.39M | $26.44M | $45.60M | $37.49M | $37.16M |
| General and Administrative Expenses | $69.23M | $74.51M | $75.95M | $70.08M | $68.93M | $66.94M | $78.96M | $107.88M | $111.38M | $114.85M |
| Selling and Marketing Expenses | $43.09M | $46.97M | $50.51M | $43.79M | $38.47M | $40.91M | $46.00M | $48.20M | $48.51M | $54.14M |
| Selling General and Administrative Expenses | $112.32M | $121.47M | $126.46M | $113.87M | $107.40M | $107.85M | $124.96M | $156.09M | $159.90M | $168.99M |
| Other Expenses | $16.35M | $1.58M | $323.00K | $1.52M | $2.08M | $577.00K | $-7.59M | $-572.00K | $632.00K | $520.00K |
| Operating Expenses | $155.47M | $152.94M | $158.00M | $134.77M | $129.00M | $132.24M | $151.40M | $201.69M | $197.38M | $206.14M |
| Cost and Expenses | $510.36M | $552.65M | $624.44M | $539.83M | $414.11M | $457.64M | $526.19M | $681.21M | $682.45M | $739.77M |
| Interest Income | $158.00K | $36.00K | $72.00K | $83.00K | $918.00K | $994.00K | $210.00K | $142.00K | $814.00K | $376.00K |
| Interest Expense | $6.93M | $4.64M | $2.53M | $2.98M | $3.57M | $4.45M | $6.01M | $7.49M | $8.07M | $6.85M |
| Depreciation and Amortization | $12.44M | $13.13M | $12.40M | $11.03M | $12.35M | $12.34M | $12.17M | $12.39M | $15.84M | $15.56M |
| EBITDA | $-28.00M | $-13.18M | $-10.91M | $41.65M | $-25.02M | $-42.17M | $-5.92M | $10.56M | $16.11M | $23.11M |
| EBITDA Ratio | -5.97% | -2.00% | -2.00% | 7.77% | -3.03% | -0.81% | -3.85% | 0.89% | 0.80% | 5.29% |
| Operating Income | $-44.04M | $-10.05M | $7.92M | $32.74M | $-19.23M | $-41.20M | $-19.10M | $-172.00K | $-11.57M | $16.59M |
| Operating Income Ratio | -9.39% | -1.88% | 1.25% | 5.81% | -4.87% | -9.22% | -3.77% | -0.03% | -1.70% | 2.19% |
| Total Other Income Expenses Net | $-3.34M | $-15.63M | $-33.76M | $-5.10M | $-21.71M | $-44.33M | $-5.00M | $-762.00K | $3.77M | $-15.90M |
| Income Before Tax | $-47.38M | $-30.95M | $-25.84M | $27.64M | $-40.94M | $-58.96M | $-24.10M | $-1.44M | $-7.80M | $696.00K |
| Income Before Tax Ratio | -10.10% | -5.80% | -4.06% | 4.90% | -10.37% | -13.20% | -4.75% | -0.21% | -1.15% | 0.09% |
| Income Tax Expense | $-1.78M | $-39.00K | $1.63M | $4.27M | $882.00K | $-6.13M | $-17.45M | $1.76M | $-1.74M | $1.64M |
| Net Income | $-40.85M | $-30.91M | $-27.46M | $26.77M | $-41.82M | $-46.09M | $35.30M | $4.42M | $-2.68M | $-942.00K |
| Net Income Ratio | -8.71% | -5.79% | -4.32% | 4.75% | -10.59% | -10.32% | 6.96% | 0.65% | -0.39% | -0.12% |
| EPS | $-1.74 | $-1.27 | $-1.13 | $1.11 | $-1.71 | $-1.89 | $1.44 | $0.18 | $-0.11 | $-0.04 |
| EPS Diluted | $-1.74 | $-1.27 | $-1.13 | $1.09 | $-1.71 | $-1.89 | $1.44 | $0.18 | $-0.11 | $-0.04 |
| Weighted Average Shares Outstanding | 23.43M | 24.33M | 24.29M | 24.20M | 24.39M | 24.36M | 24.29M | 24.16M | 24.00M | 23.55M |
| Weighted Average Shares Outstanding Diluted | 23.43M | 24.33M | 24.29M | 24.65M | 24.39M | 24.36M | 24.55M | 24.24M | 24.17M | 24.33M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | February 29, 2024 | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 | February 28, 2019 | February 28, 2018 | February 28, 2017 | February 29, 2016 | February 28, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $10.99M | $6.13M | $27.79M | $59.40M | $37.42M | $58.24M | $51.74M | $7.80M | $11.77M | $8.45M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $654.00K | $990.00K | $275.00K |
| Cash and Short Term Investments | $10.99M | $6.13M | $27.79M | $59.40M | $37.42M | $58.24M | $51.74M | $7.80M | $11.77M | $8.72M |
| Net Receivables | $75.59M | $83.94M | $106.72M | $106.88M | $70.40M | $75.32M | $82.12M | $79.97M | $91.00M | $108.25M |
| Inventory | $128.47M | $175.13M | $174.92M | $130.79M | $99.11M | $102.38M | $117.99M | $153.05M | $144.03M | $156.65M |
| Other Current Assets | $20.82M | $19.82M | $21.34M | $22.27M | $10.88M | $10.45M | $14.01M | $31.27M | $17.26M | $28.09M |
| Total Current Assets | $235.87M | $285.02M | $330.77M | $319.34M | $217.82M | $246.38M | $265.86M | $273.35M | $264.05M | $301.71M |
| Property Plant Equipment Net | $47.65M | $50.68M | $54.26M | $56.60M | $54.57M | $60.49M | $65.26M | $81.60M | $79.42M | $69.78M |
| Goodwill | $63.93M | $65.31M | $74.32M | $58.31M | $55.00M | $54.78M | $54.78M | $103.21M | $104.35M | $105.87M |
| Intangible Assets | $68.77M | $90.44M | $101.45M | $90.10M | $88.29M | $119.45M | $150.32M | $176.29M | $185.02M | $158.46M |
| Goodwill and Intangible Assets | $132.70M | $155.75M | $175.77M | $148.41M | $143.29M | $174.23M | $205.10M | $279.50M | $289.37M | $264.33M |
| Long Term Investments | $22.21M | $23.07M | $22.58M | $25.04M | $24.21M | $24.74M | $26.02M | $32.31M | $32.16M | $34.06M |
| Tax Assets | $1.45M | $1.22M | $40.00K | $99.00K | $52.00K | $79.00K | $24.00K | $23.00K | $23.00K | $717.00K |
| Other Non-Current Assets | $4.13M | $3.72M | $3.25M | $1.32M | $1.64M | $2.88M | $13.37M | $1.70M | $4.69M | $6.91M |
| Total Non-Current Assets | $208.14M | $234.43M | $255.89M | $231.48M | $223.75M | $262.43M | $309.79M | $395.14M | $405.66M | $375.80M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $444.01M | $519.45M | $586.66M | $550.82M | $441.57M | $508.81M | $575.64M | $668.49M | $669.71M | $677.51M |
| Account Payables | $35.08M | $35.10M | $76.67M | $61.83M | $22.10M | $31.14M | $34.70M | $61.14M | $55.79M | $71.40M |
| Short Term Debt | $500.00K | $500.00K | $2.41M | $500.00K | $1.11M | $10.02M | $7.73M | $10.22M | $8.83M | $6.03M |
| Tax Payables | $1.12M | $2.28M | $2.71M | $1.59M | $1.52M | $1.35M | $2.59M | $3.08M | $4.08M | $5.47M |
| Deferred Revenue | $3.81M | $3.99M | $4.37M | $4.18M | $- | $1.35M | $2.84M | $4.68M | $6.15M | $5.47M |
| Other Current Liabilities | $56.47M | $111.52M | $117.86M | $78.70M | $46.30M | $52.70M | $50.37M | $55.63M | $63.19M | $64.50M |
| Total Current Liabilities | $96.98M | $153.39M | $204.02M | $146.80M | $71.02M | $95.22M | $95.39M | $130.07M | $131.88M | $147.40M |
| Long Term Debt | $74.41M | $40.09M | $13.16M | $9.85M | $9.21M | $6.29M | $9.18M | $100.07M | $89.55M | $80.19M |
| Deferred Revenue Non-Current | $- | $- | $- | $2.95M | $3.51M | $3.94M | $5.56M | $7.42M | $9.01M | $9.81M |
| Deferred Tax Liabilities Non-Current | $2.69M | $4.86M | $5.30M | $6.64M | $3.83M | $5.28M | $12.22M | $30.16M | $30.37M | $34.33M |
| Other Non-Current Liabilities | $17.73M | $16.30M | $14.02M | $8.20M | $6.80M | $6.92M | $8.75M | $16.88M | $19.49M | $19.45M |
| Total Non-Current Liabilities | $94.83M | $61.24M | $32.48M | $24.69M | $19.84M | $18.49M | $30.14M | $147.10M | $141.93M | $133.97M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $191.82M | $214.63M | $236.50M | $171.49M | $90.86M | $113.71M | $125.53M | $277.17M | $273.82M | $281.37M |
| Preferred Stock | $- | $4.02M | $3.55M | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $262.00K | $268.00K | $267.00K | $267.00K | $266.00K | $264.00K | $278.00K | $278.00K | $278.00K | $277.00K |
| Retained Earnings | $58.27M | $98.00M | $126.57M | $148.91M | $122.14M | $148.58M | $194.67M | $159.37M | $154.95M | $157.63M |
| Accumulated Other Comprehensive Income Loss | $-17.37M | $-18.68M | $-17.50M | $-14.98M | $-19.05M | $-16.94M | $-14.22M | $-43.90M | $-40.72M | $-33.23M |
| Other Total Stockholders Equity | $253.70M | $262.28M | $271.76M | $273.22M | $275.31M | $275.77M | $275.22M | $274.26M | $272.86M | $271.47M |
| Total Stockholders Equity | $294.87M | $341.86M | $384.65M | $410.68M | $378.66M | $407.67M | $455.95M | $390.00M | $387.37M | $396.14M |
| Total Equity | $252.19M | $304.82M | $350.16M | $379.33M | $350.71M | $395.10M | $450.12M | $391.31M | $395.89M | $396.14M |
| Total Liabilities and Stockholders Equity | $444.01M | $519.45M | $586.66M | $550.82M | $441.57M | $508.81M | $575.64M | $668.49M | $669.71M | $677.51M |
| Minority Interest | $-42.68M | $-37.04M | $-34.49M | $-31.35M | $-27.95M | $-12.57M | $-5.83M | $1.31M | $8.52M | $- |
| Total Liabilities and Total Equity | $444.01M | $519.45M | $586.66M | $550.82M | $441.57M | $508.81M | $575.64M | $668.49M | $669.71M | $677.51M |
| Total Investments | $22.21M | $23.07M | $22.58M | $25.04M | $24.21M | $24.74M | $26.02M | $32.31M | $32.16M | $34.34M |
| Total Debt | $74.91M | $40.59M | $15.57M | $10.35M | $10.32M | $16.31M | $16.91M | $109.36M | $100.90M | $86.22M |
| Net Debt | $63.92M | $34.45M | $-12.22M | $-49.06M | $-27.11M | $-41.92M | $-34.84M | $101.56M | $89.13M | $77.77M |
Cash Flow Statement
| Breakdown | February 29, 2024 | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 | February 28, 2019 | February 28, 2018 | February 28, 2017 | February 29, 2016 | February 28, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-40.85M | $-30.91M | $-27.46M | $23.37M | $-41.82M | $-52.83M | $27.96M | $-3.20M | $-6.06M | $-942.00K |
| Depreciation and Amortization | $12.44M | $13.13M | $12.40M | $11.03M | $13.28M | $12.34M | $15.11M | $18.29M | $15.84M | $15.56M |
| Deferred Income Tax | $-2.44M | $-1.79M | $-1.34M | $2.65M | $-1.34M | $-7.11M | $-15.35M | $19.00K | $-4.64M | $2.00M |
| Stock Based Compensation | $798.00K | $609.00K | $907.00K | $1.75M | $2.28M | $551.00K | $552.00K | $753.00K | $859.00K | $521.00K |
| Change in Working Capital | $-1.57M | $-28.70M | $9.08M | $-3.30M | $233.00K | $22.79M | $-25.27M | $-21.22M | $18.95M | $12.31M |
| Accounts Receivables | $10.69M | $21.48M | $-1.24M | $-29.60M | $5.69M | $5.60M | $1.50M | $-6.68M | $13.68M | $36.39M |
| Inventory | $47.18M | $-1.93M | $-45.12M | $-22.73M | $9.57M | $13.91M | $7.15M | $-10.23M | $11.29M | $-22.97M |
| Accounts Payables | $-54.59M | $-49.25M | $55.72M | $49.12M | $-17.38M | $480.00K | $-22.14M | $-1.56M | $-18.15M | $10.46M |
| Other Working Capital | $-4.85M | $989.00K | $-281.00K | $-87.00K | $2.35M | $2.79M | $-11.78M | $-2.74M | $12.13M | $-11.57M |
| Other Non Cash Items | $11.10M | $9.46M | $3.46M | $1.11M | $26.36M | $46.82M | $-28.55M | $3.56M | $2.58M | $17.97M |
| Net Cash Provided by Operating Activities | $-20.52M | $-38.21M | $-2.96M | $36.61M | $-1.01M | $22.56M | $-25.54M | $-1.79M | $27.52M | $47.43M |
| Investments in Property Plant and Equipment | $-2.73M | $-3.56M | $-3.90M | $-2.91M | $-2.91M | $-4.76M | $-6.24M | $-12.18M | $-19.64M | $-17.20M |
| Acquisitions Net | $- | $1.00K | $-30.41M | $-11.00M | $-16.50M | $78.00K | $168.21M | $47.00K | $-15.50M | $- |
| Purchases of Investments | $- | $- | $- | $11.00M | $- | $- | $14.00K | $- | $478.00K | $-6.00M |
| Sales Maturities of Investments | $- | $- | $- | $42.00K | $775.00K | $- | $2.68M | $- | $251.00K | $- |
| Other Investing Activities | $733.00K | $1.00K | $-37.18M | $-11.00M | $11.93M | $-6.35M | $-3.30M | $47.00K | $-4.18M | $313.00K |
| Net Cash Used for Investing Activities | $-2.00M | $-3.56M | $-34.31M | $-13.87M | $-6.71M | $-11.04M | $161.36M | $-12.13M | $-38.59M | $-22.88M |
| Debt Repayment | $33.99M | $26.44M | $1.08M | $-1.36M | $-9.85M | $-924.00K | $-92.55M | $9.70M | $13.94M | $-22.36M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $300.00K | $- | $- | $- |
| Common Stock Repurchased | $-9.18M | $-5.15M | $-1.22M | $-575.00K | $-2.74M | $- | $- | $- | $-227.00K | $-2.62M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-112.00K | $-4.88M | $5.42M | $-575.00K | $- | $- | $300.00K | $- | $-21.00K | $101.00K |
| Net Cash Used Provided by Financing Activities | $24.70M | $16.41M | $5.29M | $-1.94M | $-12.59M | $-924.00K | $-92.25M | $9.70M | $13.70M | $-24.88M |
| Effect of Forex Changes on Cash | $2.67M | $3.70M | $367.00K | $1.17M | $-500.00K | $-4.11M | $366.00K | $258.00K | $690.00K | $-1.82M |
| Net Change in Cash | $4.85M | $-21.65M | $-31.62M | $21.98M | $-20.81M | $6.50M | $43.94M | $-3.97M | $3.32M | $-2.15M |
| Cash at End of Period | $10.99M | $6.13M | $27.79M | $59.40M | $37.42M | $58.24M | $51.74M | $7.80M | $11.77M | $8.45M |
| Cash at Beginning of Period | $6.13M | $27.79M | $59.40M | $37.42M | $58.24M | $51.74M | $7.80M | $11.77M | $8.45M | $10.60M |
| Operating Cash Flow | $-20.52M | $-38.21M | $-2.96M | $36.61M | $-1.01M | $22.56M | $-25.54M | $-1.79M | $27.52M | $47.43M |
| Capital Expenditure | $-2.73M | $-3.56M | $-3.90M | $-2.91M | $-2.91M | $-4.76M | $-6.24M | $-12.18M | $-19.64M | $-17.20M |
| Free Cash Flow | $-23.25M | $-41.77M | $-6.86M | $33.70M | $-3.92M | $17.80M | $-31.78M | $-13.97M | $7.88M | $30.23M |