FX.co ★ VOXX International Corporation Q1 Loss Narrows

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