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VOXX International Corporation Income Statement 2024-2009 | VOXX
Brief overview of financial performance at VOXX International Corporation
The figures are compared over a five-year interval. Revenue at VOXX International Corporation moved from $110 million in 2019 to $469 million in 2024. Across the full period, sales moved by +325.8%; the average annual rate was 33.6%. Revenue growth reflects a pronounced phase of business expansion.
Gross profit changed from 31.5 million dollars to 114 million dollars (+262.4%). The cost base moved more slowly than the top line, which supported margins. Gross margin moved from 28.6% to 24.3%. The business retained less gross profit from each unit of revenue.
The five-year EBITDA result moved by −6.5%: from −29.7 million dollars to −31.6 million dollars. EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of −26.9% and −6.7%. The company improved its ability to convert sales into EBITDA.
Net income moved from 2.5 million dollars at the start to −40.9 million dollars at the end. The move from profit to loss indicates a material deterioration in final efficiency.
Over the period, capitalization shifted from 90.4 million dollars to 128 million dollars (+41.8%). Investors responded cautiously to the improvement in the business.
What the figures show
The financial trajectory is weak and requires a cautious interpretation. The financial profile benefits from sales growth and an improving EBITDA margin. The most visible risks are lower net income, a narrow EBITDA buffer and weaker gross profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement VOXX International Corporation
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
128 M | 292 M | 291 M | 260 M | 506 M | 90.4 M | 121 M | 130 M | 120 M | 97.1 M | 207 M | 304 M | 230 M | 293 M | - | - |
Shares |
23.4 M | 24.3 M | 24.3 M | 24.2 M | 24.4 M | 24.4 M | 24.3 M | 24.2 M | 24.2 M | 24.3 M | 24.1 M | 23.4 M | 23.1 M | 22.9 M | 22.9 M | - |
Historical Prices |
5.47 | 12 | 12 | 10.7 | 20.7 | 3.71 | 5 | 5.4 | 4.95 | 3.99 | 8.6 | 13 | 9.95 | 12.8 | - | - |
Net Income |
-40.8 M | -27.5 M | -22.3 M | 26.8 M | -26.4 M | 2.46 M | 12.2 M | 8.64 M | 5.8 M | 7.78 M | 15.6 M | 15.4 M | 13.2 M | 8.86 M | 22.5 M | - |
Revenue |
469 M | 534 M | 636 M | 564 M | 395 M | 110 M | 130 M | 157 M | 681 M | 757 M | 810 M | 836 M | 72.6 M | 562 M | - | - |
Cost of Revenue |
355 M | 400 M | 466 M | 405 M | 285 M | 325 M | 375 M | 370 M | - | - | - | - | - | - | - | - |
Gross Profit |
114 M | 134 M | 169 M | 159 M | 110 M | 31.5 M | 38.9 M | 41.5 M | 43.6 M | 55.8 M | 69 M | 68.8 M | 69.9 M | 59.8 M | 107 M | - |
Operating Income |
-44 M | -27.3 M | 7.92 M | 22.5 M | -50.3 M | -42 M | -19.1 M | -8.17 M | -17.1 M | 16.6 M | -37.4 M | 41.7 M | 43.9 M | 9.02 M | 3.76 M | - |
Interest Expense |
4.37 M | 2.3 M | 550 K | 825 K | 799 K | 951 K | 2.7 M | 3.28 M | 3.14 M | 3.88 M | 5.21 M | 6.3 M | 3.52 M | 2.14 M | 1.31 M | - |
EBITDA |
-31.6 M | -14.1 M | 20.3 M | 33.5 M | -37.9 M | -29.7 M | -6.92 M | 4.22 M | -7.41 M | 32.2 M | -21.2 M | 58.1 M | 54.2 M | 16.9 M | 11.5 M | - |
Operating Expenses |
158 M | 162 M | 162 M | 136 M | 160 M | 163 M | 151 M | 152 M | 161 M | 207 M | 268 M | 195 M | 159 M | 115 M | 103 M | - |
General and Administrative Expenses |
69.2 M | 73.6 M | 76 M | 69.8 M | 68.9 M | 66.9 M | 79 M | 79.6 M | 84.2 M | 115 M | 119 M | 115 M | 93.2 M | 67.3 M | 62.9 M | - |
All numbers in USD currency
Quarterly Income Statement VOXX International Corporation
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
23.2 M | 23.1 M | 23.1 M | 23.2 M | 23.1 M | 23.1 M | 23.8 M | 23.3 M | 23.5 M | 23.8 M | - | 24.4 M | 24.4 M | 24.4 M | - | 24.3 M | 24.3 M | 24.3 M | 24.3 M | 24.2 M | 24.2 M | 24.2 M | 24.2 M | 24.4 M | 24.4 M | 24.5 M | 24.4 M | 24.4 M | 24.4 M | 24.4 M | - | 24.2 M | 24.2 M | 24.2 M | 24.2 M | 24.2 M | 24.2 M | 24.2 M | - | 24.2 M | 24.2 M | 24.2 M | - | 24.3 M | 24.4 M | 24.4 M | - | 24.3 M | 24.1 M | 23.9 M | - | 23.4 M | 23.4 M | 23.3 M | - | 23.1 M | 23.1 M | 23.1 M | - |
Net Income |
-44 M | 2.41 M | -9.27 M | -44 M | 2.41 M | -9.27 M | -10.7 M | 1.91 M | -11.1 M | -10.7 M | - | 7.42 M | -10.2 M | -6.53 M | - | -28.1 M | -25.1 M | 3.03 M | 2.72 M | 18.3 M | 18.3 M | 7.34 M | -8.27 M | 2.46 M | 2.46 M | -5.96 M | -1.15 M | 12.2 M | 12.2 M | -20.8 M | 12.6 M | 8.64 M | 17.1 M | -3.03 M | -3.03 M | 5.8 M | 5.8 M | 3.02 M | -4.31 M | 7.78 M | 7.78 M | -4.39 M | -714 K | 15.6 M | 15.6 M | 489 K | -49 M | 15.4 M | 4.86 M | 2.14 M | 10.3 M | 13.2 M | 13.2 M | 3.72 M | -4.7 M | 8.86 M | 8.86 M | 3.44 M | 2.49 M |
Revenue |
105 M | 92.5 M | 91.7 M | 105 M | 92.5 M | 91.7 M | 112 M | 135 M | 114 M | 112 M | - | 143 M | 126 M | 129 M | - | 192 M | 472 M | 280 M | 137 M | 201 M | 201 M | 128 M | 72 M | 110 M | 110 M | 90.2 M | 93.5 M | 130 M | 109 M | 210 M | 122 M | 157 M | 113 M | 115 M | 125 M | 157 M | 157 M | 118 M | 155 M | 193 M | 193 M | 154 M | 164 M | 223 M | 223 M | 177 M | 187 M | 246 M | 246 M | 184 M | 193 M | 243 M | 243 M | 192 M | 194 M | 207 M | 207 M | 158 M | 165 M |
Cost of Revenue |
82.8 M | 69.8 M | 66.3 M | 82.8 M | 69.8 M | 66.3 M | 84.3 M | 98.9 M | 85 M | 84.3 M | - | 106 M | 96.4 M | 95.5 M | - | 140 M | 346 M | 206 M | 100 M | 143 M | 143 M | 90 M | 52 M | 78.6 M | 78.6 M | 66.5 M | 67.4 M | 90.7 M | 90.7 M | 73.2 M | - | 115 M | - | - | 370 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
22.3 M | 22.7 M | 25.4 M | 22.3 M | 22.7 M | 25.4 M | 27.6 M | 36.3 M | 28.6 M | 27.6 M | - | 37.1 M | 29.3 M | 33.2 M | - | 51.7 M | 126 M | 73.9 M | 36.7 M | 58.1 M | 58.1 M | 38.1 M | 20 M | 31.5 M | 31.5 M | 23.8 M | 26 M | 38.9 M | 38.9 M | 31.1 M | 32.2 M | 41.5 M | 28.4 M | 30.1 M | 30.1 M | 43.6 M | 43.6 M | 32.4 M | 46.1 M | 55.8 M | 55.8 M | 45 M | 48 M | 69 M | 69 M | 52.4 M | 53.1 M | 68.8 M | 68.8 M | 54.1 M | 54.5 M | 69.9 M | 69.9 M | 54.7 M | 50.5 M | 59.8 M | 59.8 M | 43.9 M | 43.7 M |
Operating Income |
-54.2 M | -9.13 M | -7.11 M | -54.2 M | -9.13 M | -7.11 M | -11.4 M | 2.27 M | -8.51 M | -11.4 M | - | 2.33 M | -9.97 M | -6.7 M | - | 7.8 M | 4.7 M | -3.09 M | -356 K | 18.1 M | 18.6 M | 8.68 M | -7.87 M | 136 K | 136 K | -7.75 M | -7.1 M | 5.71 M | 5.71 M | -11.5 M | - | 5.64 M | -10.3 M | -9.12 M | -8.17 M | 5.23 M | -4.46 M | -9.69 M | - | 3.58 M | -4.05 M | -7.64 M | - | 16.6 M | 17.3 M | 672 K | - | 16.6 M | 22.2 M | 5.66 M | - | 19.8 M | 29.7 M | 9.9 M | - | 18.4 M | 30.1 M | 11.6 M | - |
Interest Expense |
-2.08 M | 3.84 M | -1.87 M | -2.08 M | 3.84 M | -1.87 M | -701 K | 156 K | -952 K | -701 K | - | 460 K | -1.52 M | -2.11 M | - | -143 K | 675 K | 818 K | 442 K | 294 K | -121 K | -392 K | 534 K | -322 K | -322 K | 547 K | 1.64 M | 260 K | 260 K | 252 K | - | 477 K | -7.63 M | -1.01 M | 3.28 M | 121 K | -136 K | -257 K | - | 636 K | 1.1 M | 467 K | - | 142 K | 1.42 M | 1.27 M | - | 5.56 M | 11.3 M | 5.71 M | - | 776 K | -9.22 M | -10 M | - | -3.31 M | -4.05 M | -746 K | - |
EBITDA |
-51.5 M | -6.27 M | -4.25 M | -51.5 M | -6.27 M | -4.25 M | -8.16 M | 5.22 M | -5.27 M | -8.16 M | - | 5.53 M | -6.36 M | -3.58 M | - | 11.2 M | 13.7 M | 2.48 M | 2.45 M | 21.1 M | 21.5 M | 11.4 M | -5.32 M | 3.24 M | 3.45 M | -4.45 M | -3.81 M | 8.6 M | 8.6 M | -8.5 M | - | 8.64 M | -7.14 M | -6.08 M | 4.22 M | 8.28 M | 4.67 M | -3.61 M | - | 7.89 M | 7.3 M | -580 K | - | 20.8 M | 29.5 M | 8.67 M | - | 20.6 M | 34.2 M | 13.6 M | - | 23.8 M | 41.9 M | 18 M | - | 19.5 M | 38 M | 16.7 M | - |
Operating Expenses |
76.6 M | 31.8 M | 32.5 M | 76.6 M | 31.8 M | 32.5 M | 39 M | 34.1 M | 37.1 M | 39 M | - | 34.8 M | 39.2 M | 39.9 M | - | 43.9 M | 121 M | 77 M | 37.1 M | 40 M | 39.6 M | 29.4 M | 27.8 M | 31.3 M | 31.3 M | 31.5 M | 33.1 M | 33.2 M | 33.2 M | 42.5 M | - | 35.9 M | 38.7 M | 39.3 M | 152 M | 38.4 M | 113 M | 74.1 M | - | 52.3 M | 153 M | 101 M | - | 52.3 M | 157 M | 105 M | - | 52.2 M | 155 M | 103 M | - | 50.2 M | 145 M | 95.3 M | - | 41.4 M | 117 M | 75.9 M | - |
General and Administrative Expenses |
16.3 M | 15.8 M | 16.5 M | 16.3 M | 15.8 M | 16.5 M | 19.5 M | 15.9 M | 17.2 M | 19.4 M | - | 15.9 M | 18.9 M | 19.1 M | - | 20 M | 56.6 M | 36.6 M | 19.4 M | 21.1 M | 21.1 M | 15.5 M | 15 M | 16.7 M | 16.7 M | 17.8 M | 17.4 M | 16.5 M | 16.5 M | 17 M | - | 18.3 M | 20.6 M | 20.2 M | 79.6 M | 20.1 M | 58.2 M | 38.1 M | - | 29.5 M | 83.5 M | 54 M | - | 29.6 M | 88.3 M | 58.7 M | - | 31.4 M | 89.4 M | 58 M | - | 29.6 M | 84.5 M | 54.8 M | - | 24.7 M | 68.2 M | 43.4 M | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company VOXX International Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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