VOXX International Corporation (VOXX) has reported an improved loss for the first quarter compared to the previous year.
The company's net loss amounted to $9.27 million, or $0.40 per share, which is an improvement from the loss of $10.74 million, or $0.45 per share, reported in the same quarter last year.
However, the company's revenue for the quarter declined by 18.1%, dropping to $91.66 million from $111.93 million the year before.
Key financial highlights (GAAP) for VOXX International Corporation include:
- Net Loss (Q1): $9.27 million, improved from $10.74 million last year
- Loss Per Share (Q1): $0.40, better than $0.45 last year
- Revenue (Q1): $91.66 million, down from $111.93 million last year
