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Type | Public |
---|---|
Nasdaq: VOXX (Class A) Russell Microcap Index component | |
Founded | 1960 [1] |
Founder | John J. Shalam |
Headquarters | 2351 J. Lawson Blvd. Orlando, Florida [1] |
Key people | John J. Shalam (Chairman) Patrick M. Lavelle (CEO) Charles M. Stoehr (CFO) [1] |
Products | Consumer electronics Mobile electronics Accessories Premium High End Audio |
Revenue | US$464.8M (FY 2019) [1] |
US$-41.2M (FY 2019) [1] | |
US$-46.1M (FY 2019) [1] | |
Total assets | US$508.8M (FY 2019) [1] |
Total equity | US$395.1M (FY 2019) [1] |
Number of employees | 885 (FY 2019) [1] |
Website | www |
Voxx International is an American consumer electronics company founded as Audiovox Corporation in 1960, and renamed Voxx in 2012. It is headquartered in Orlando, Florida. The company specializes in four areas: OEM and after-market automotive electronics, consumer electronics accessories, and consumer and commercial audio equipment.
Over the years, Voxx International has purchased a number of recognizable brandnames when the original companies were no longer viable as independent specialty shops, including Acoustic Research, Advent, Code Alarm, Invision, Jensen, Klipsch, Prestige, RCA, 808 Audio, and Terk, among others. Its international brands include Audiovox, Hirschmann, Heco, Incaar, Oehlbach, Mac Audio, Magnat, Schwaiger, and others. In addition, the company licenses the Energizer brand.
In 2020, Voxx International Corporation announced the change of name Klipsch Holding, LLC, which became Premium Audio Company, LLC. Premium Audio Company, LLC consists of two subsidiaries: Klipsch Group, Inc (brands: Klipsch, Jamo, Energy, ProMedia) and 11 Trading Company, LLC. [2]
In May 2021, Voxx International and Sharp Corporation began negotiations with Onkyo to purchase its home audiovisual division. [3] Voxx's subsidiary Premium Audio Company (PAC) entered a joint venture with Sharp to acquire the business, which includes the Onkyo and Integra brands, for $30.8 million. PAC would own 75% of the joint venture and Sharp 25%. PAC would manage all product development, engineering, sales, marketing, and distribution while Sharp would be responsible for manufacturing and supply chain management of Onkyo products. The acquisition was completed in September 2021. [4] [5]
Voxx International markets its products under several brand names, including:
In 2013, Audiovox developed the app for a new accessory device called Shutterball. [6] Cellcom Communications holds the exclusive rights to the device.
Around 2010, Audiovox developed various wireless communication products, some of them were walkie-talkies and cordless phones. [7]
On March 14, 2003, Audiovox said it planned to restate results for the first three quarters of fiscal 2002, following a review of the effect of the FASB's Emerging Issues Task Force regulations on its statements. The restatement would lower revenue by about $462,000, and increase income by $36,000. [8] On April 15, 2003, Audiovox announced to restate results for fiscal years 2000, 2001, and the first three quarters of fiscal 2002.
THX is a suite of high fidelity audiovisual reproduction standards for movie theaters, screening rooms, home theaters, computer speakers, video game consoles, car audio systems, and video games. The THX trailer that precedes movies is based on the Deep Note, with a distinctive glissando up from a rumbling low pitch.
A walkie-talkie, more formally known as a handheld transceiver (HT), is a hand-held, portable, two-way radio transceiver. Its development during the Second World War has been variously credited to Donald Hings, radio engineer Alfred J. Gross, Henryk Magnuski and engineering teams at Motorola. First used for infantry, similar designs were created for field artillery and tank units, and after the war, walkie-talkies spread to public safety and eventually commercial and jobsite work.
Pioneer Corporation, commonly referred to as Pioneer, is a Japanese multinational corporation based in Tokyo, that specializes in digital entertainment products. The company was founded by Nozomu Matsumoto on January 1, 1938 in Tokyo as a radio and speaker repair shop. Its current president is Shiro Yahara.
VTech is a Hong Kong-based global supplier of electronic learning products from infancy to preschool and the world's largest manufacturer of cordless phones.
Klipsch Audio Technologies is an American loudspeaker company based in Indianapolis, Indiana. Founded in Hope, Arkansas, in 1946 as 'Klipsch and Associates' by Paul W. Klipsch, the company produces loudspeaker drivers and enclosures, as well as complete loudspeakers for high-end, high-fidelity sound systems, public address applications, and personal computers.
Jakks Pacific, Inc. is an American company that designs and markets toys and consumer products, with a range of products that feature numerous children's toy licenses. The company is named after its founder, Jack Friedman, who had previously founded LJN and THQ and presided over the company until retiring as CEO and chairman after March 31, 2010, a month before his death on May 3, 2010.
McIntosh Laboratory is an American manufacturer of handcrafted high-end audio equipment headquartered in Binghamton, New York. It is a subsidiary of McIntosh Group which is under the ownership umbrella of Highlander Partners, a Dallas-based private equity firm.
Molex LLC is a manufacturer of electronic, electrical, and fiber optic connectivity systems. Molex offers over 100,000 products across a variety of industries, including data communications, medical, industrial, automotive and consumer electronics. They are notable for pioneering the Molex connector, which has seen universal adoption in personal computing. The company is considered the second largest electronic connector company in the world.
Denon is a Japanese electronics company dealing with audio equipment. The Denon brand came from a merger of Denki Onkyo and others in 1939, but it originally started as Nippon Chikuonki Shoukai in 1910 by Frederick Whitney Horn, an American entrepreneur.
Acoustic Research was a Cambridge, Massachusetts-based company that manufactured high-end audio equipment. The brand is now owned by VOXX. Acoustic Research was known for the AR-3 series of speaker systems, which used the 12 in (300 mm) acoustic suspension woofer of the AR-1 with newly designed dome mid-range speaker and high-frequency drivers. AR's line of acoustic suspension speakers were the first loudspeakers with relatively flat response, extended bass, wide dispersion, small size, and reasonable cost. The AR Turntable remains a highly sought vinyl record player.
Boston Acoustics was an American manufacturer of home and mobile audio equipment founded in 1979. The company produced speakers for home, custom/architectural, and car audio.
RCA is an American multinational trademark brand owned by Talisman Brands, Inc. which is used on products made by that company as well as Sony Music Entertainment, Voxx International and ON Corporation. 'RCA' is an abbreviation for the Radio Corporation of America, founded in 1919. The company became known as the RCA Corporation in 1969. RCA was purchased by General Electric in 1986 and its various divisions and assets were then liquidated.
Jensen is a consumer electronics brand with a history that dates back to 1915 with Peter L. Jensen's invention of the first loudspeaker. Over the years the Jensen family of brands has grown to include Jensen, Advent, Acoustic Research (AR), Phase Linear and NHT Loudspeakers in the United States and Magnat and Macaudio in Germany. In 2004, Audiovox Corporation added the Jensen portfolio of brands to their mobile and consumer electronics lines. In 2015, Dual Electronics Corporation acquired Jensen, however Audiovox maintains its selection of Advent-branded car audio/navigation head units from its line.
Onkyo Corporation is a Japanese consumer electronics company, specializing in premium home cinema and audio equipment, including AV receivers, surround sound speakers and portable devices. The company started under the name of Osaka Denki Onkyo K.K. in 1946. The company's umbrella included Integra and Integra Research divisions as well as the main Onkyo brand. It became Onkyo Home Entertainment Corporation after purchasing Pioneer Corporation. The company became bankrupt in 2022; the Onkyo brand now does business under joint ownership by Sharp Corporation and Voxx International.
The electronics industry in Bangladesh is one of the fastest-growing industries in the country with great potential. Popular Bangladeshi electronics brands include Walton Electronics, Singer Bangladesh, Jamuna Electronics, Vision Electronics. Local companies such as Fair Group, Butterfly Group, Electra, Rangs Group, Electro Mart, and Transcom Group manufacture and assembles Electronics Home Appliances in collaboration with foreign brands such as Samsung, Whirlpool, LG, Sony, Gree, Konka, and Sharp.
Namsung is a South Korean multinational company headquartered in Seoul. Namsung was founded by Yoon Bong-Soo in 1965 as an OEM electronics manufacturing company. Namsung's subsidiaries include Namsung Telecom, Dreamer, Namsung International, and Namsung America.
DEI Holdings is the US parent company of several brands of consumer audio electronics and vehicle security/remote start systems. DEI Holdings is owned by New York City and Boston-based private equity firm Charlesbank Capital Partners.
Josh.ai is an American artificial intelligence company known for developing the voice-controlled home automation system known as Josh. The company was founded in 2015 by Tim Gill and Alex Capecelatro. It is headquartered in Denver, Colorado.