VOXX International Corp
Filing Date: 2024-07-10
TL;DR
- 📉 Revenue Drop: Revenue fell to $91.7 million from $111.9 million last year.
- 🔄 Restructuring: Moving some production to Mexico to cut costs.
- 🌍 Market Focus: Expanding in emerging markets with new strategies.
- 🌿 Sustainability: Working on reducing environmental impact.
Major Announcements
Significant announcements include the restructuring of production operations to Mexico and the formation of a new joint venture, BioCenturion LLC, to focus on biometrics.