VOXX International Corporation Reports Q2 2025 Results

ORLANDO – VOXX International Corporation (NASDAQ:VOXX) announced a profit for its fiscal 2025 second quarter, despite a significant decline in revenue year-over-year as the company undergoes restructuring. Shares fell 4% following the results.

The consumer electronics company reported Q2 earnings per share of $0.10, compared to a loss of $0.47 per share in the same quarter last year. However, revenue dropped 18.6% to $92.5 million from $113.6 million a year ago.

VOXX attributed the revenue decline to lower sales across its Automotive Electronics and Consumer Electronics segments. Specifically, Automotive Electronics sales fell 25.5% to $26.4 million, while Consumer Electronics sales decreased 15.4% to $66.1 million.

Despite the drop in revenue, VOXX managed to post a profit due to cost-cutting measures and gains from asset sales. The company reported an $8.3 million gain from selling its domestic accessories business and a $2.2 million gain from the sale of certain premium audio trademarks and inventory during the quarter.

Pat Lavelle, President and CEO of VOXX, stated, "We made significant progress through the first half of the year in executing our plan to unlock value." He highlighted the company has reduced its total debt to under $20 million, down from over $73 million at the end of fiscal 2024.

VOXX continues to pursue strategic alternatives to maximize shareholder value, including a potential sale of the company or divestitures of certain segments.

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