voxx: the income statement

MyFinsight

For the quarter ending 2024-08-31, VOXX made $92,488K in revenue. $1,977K in net income. Net profit margin of 2.14%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2024-08-31
Revenue from contract with customer, excluding assessed tax	92,488
Cost of goods and services sold	69,796
Gross profit	22,692
Restructuring charges, total	2,098
Expenses recognized in the period that are directly related to the development of the firm's products or provision of technical product-related support	6,100
General and administrative expense	15,777
Selling expense	7,848
Operating expenses	31,823
Operating income (loss)	-9,131
Other nonoperating income (expense)	3,842
Gain on sale of assets	2,154
Gain on sale of business	8,300
Income (loss) from equity method investments	200
Interest and debt expense	1,973
Total other income (expense), net	12,523
(loss) income before income taxes	3,392
Income tax expense (benefit)	1,600
Net income (loss)	1,792
Net income (loss) attributable to noncontrolling interest	-620
Net income (loss) attributable to voxx international corporation and subsidiaries	2,412
Other comprehensive (income) loss, defined benefit plan, after reclassification adjustment, after tax	8
Other comprehensive income (loss), cash flow hedge, gain (loss), after reclassification and tax	-90
Other comprehensive income (loss), foreign currency transaction and translation adjustment, net of tax	-337
Other comprehensive (loss) income, net of tax	-435
Comprehensive income (loss) attributable to voxx international corporation and subsidiaries	1,977

Basic eps	0.1
Diluted eps	0.1
Basic average shares	23,125,665
Diluted average shares	23,159,333