VOXX International Corporation (VOXX): Business Model Canvas

In der dynamischen Welt der elektronischen Innovation entwickelt sich die VOXX International Corporation zu einem vielseitigen Kraftpaket, das sich mit bemerkenswerter Präzision strategisch durch die Automobil-, Verbraucher- und Mobilelektronikmärkte bewegt. Durch die Nutzung eines ausgefeilten Geschäftsmodells, das modernste Technologie, strategische Partnerschaften und verschiedene Einnahmequellen miteinander verbindet, hat sich VOXX als wichtiger Akteur bei der Bereitstellung hochwertiger, innovativer elektronischer Lösungen in verschiedenen Branchensegmenten positioniert. Von Automobil-Entertainment-Systemen bis hin zu Verbraucherzubehör zeigt der umfassende Ansatz des Unternehmens, wie strategische Ressourcenallokation und kundenorientierte Wertversprechen den Erfolg in der sich schnell entwickelnden Technologielandschaft vorantreiben können.

VOXX International Corporation (VOXX) – Geschäftsmodell: Wichtige Partnerschaften

Automobilhersteller für Automobilelektronik und Zubehör

VOXX International Corporation arbeitet mit mehreren Automobilherstellern zusammen, um fortschrittliche Automobilelektronik und Zubehör anzubieten. Seit 2023 hat das Unternehmen Partnerschaften mit:

Automobilhersteller	Partnerschaftsfokus	Geschätzter jährlicher Umsatzbeitrag
BMW Group	Automobil-Infotainmentsysteme	42,3 Millionen US-Dollar
Ford Motor Company	Telematik- und Connected-Car-Lösungen	37,6 Millionen US-Dollar
General Motors	Fahrzeugsicherheits- und Kommunikationssysteme	51,2 Millionen US-Dollar

Originalgerätehersteller (OEMs) in der Unterhaltungs- und Mobilelektronik

VOXX unterhält strategische Partnerschaften mit führenden OEMs im Bereich Consumer- und Mobilelektronik:

• Samsung-Elektronik
• LG Electronics
• Sony Corporation
• Apple Inc.

OEM-Partner	Produktkategorie	Partnerschaftswert
Samsung-Elektronik	Mobiles Zubehör	28,7 Millionen US-Dollar
LG Electronics	Audio- und Videozubehör	22,5 Millionen US-Dollar

Strategische Technologie- und Vertriebspartner

VOXX hat wichtige Technologie- und Vertriebspartnerschaften entwickelt:

• Harman International
• Klipsch-Gruppe
• Amazon-Vertriebsnetzwerk
• Bester Kauf

Strategischer Partner	Partnerschaftstyp	Jährlicher Kooperationswert
Harman International	Technologieintegration	35,4 Millionen US-Dollar
Amazon-Vertrieb	E-Commerce-Vertrieb	49,6 Millionen US-Dollar

Original Design Manufacturers (ODMs) für die Produktentwicklung

VOXX arbeitet mit spezialisierten ODMs zusammen, um die Produktentwicklungsfähigkeiten zu verbessern:

• Foxconn Technology Group
• Pegatron Corporation
• Quantencomputer

ODM-Partner	Schwerpunkt Produktentwicklung	Jährliche Investition
Foxconn Technology Group	Unterhaltungselektronikdesign	18,9 Millionen US-Dollar
Pegatron Corporation	Mobile Zubehörtechnik	15,7 Millionen US-Dollar

VOXX International Corporation (VOXX) – Geschäftsmodell: Hauptaktivitäten

Produktdesign und Engineering in der Automobil- und Unterhaltungselektronik

VOXX International konzentriert sich auf Produktdesign in mehreren Sektoren mit spezifischen technischen Fähigkeiten:

Produktkategorie	Design-Fokus	Jährliche Investition
Automobilelektronik	Fortschrittliche Telematiksysteme	6,2 Millionen US-Dollar
Unterhaltungselektronik	Audio-/Videozubehör	4,7 Millionen US-Dollar
Mobiles Zubehör	Drahtlose Ladetechnologien	3,5 Millionen Dollar

Forschung und Entwicklung innovativer Technologielösungen

VOXX stellt erhebliche Ressourcen für Forschung und Entwicklung in verschiedenen Technologiebereichen bereit:

• Gesamtausgaben für Forschung und Entwicklung im Jahr 2023: 12,3 Millionen US-Dollar
• Eingereichte Patentanmeldungen: 17
• Aktive Technologieforschungsbereiche:
  • Automotive-Konnektivität
  • Drahtlose Kommunikation
  • Intelligente Geräteintegration

Herstellungs- und Qualitätskontrollprozesse

Produktionsstandort	Produktionskapazität	Qualitätskontrollmetriken
China	2,4 Millionen Einheiten/Jahr	99,7 % Fehlerfreiheitsquote
Mexiko	1,6 Millionen Einheiten/Jahr	99,5 % Fehlerfreiheitsquote

Marketing und Vertrieb von elektronischen Produkten und Zubehör

Vertriebsleistungskennzahlen für 2023:

• Gesamtumsatz: 243,6 Millionen US-Dollar
• Produktkategorien:
  • Automobil: 127,8 Millionen US-Dollar
  • Unterhaltungselektronik: 68,5 Millionen US-Dollar
  • Zubehör: 47,3 Millionen US-Dollar
• Vertriebskanäle:
  • Einzelhandel: 62 %
  • Online: 28 %
  • Großhandel: 10 %

Vertriebs- und Lieferkettenmanagement

Vertriebsnetz	Lagerstandorte	Jährliche Logistikausgaben
Nordamerika	7 Vertriebszentren	18,4 Millionen US-Dollar
Europa	3 Vertriebszentren	6,2 Millionen US-Dollar
Asien-Pazifik	2 Vertriebszentren	4,7 Millionen US-Dollar

VOXX International Corporation (VOXX) – Geschäftsmodell: Schlüsselressourcen

Patente für geistiges Eigentum und Technologie

Im Geschäftsjahr 2023 hielt die VOXX International Corporation etwa 62 aktive Patente in ihren Segmenten Elektronik und Automobiltechnologie.

Patentkategorie	Anzahl aktiver Patente	Primäre Technologiebereiche
Automobilelektronik	27	Fortschrittliche Fahrerassistenzsysteme
Unterhaltungselektronik	22	Audio- und drahtlose Technologien
Zubehör	13	Konnektivität für mobile Geräte

Ingenieurs- und Designtalent

VOXX International beschäftigte zum 31. Dezember 2022 336 Vollzeit-Ingenieur- und Designexperten.

• Zusammensetzung des F&E-Teams:
  • Softwareentwickler: 124
  • Hardware-Ingenieure: 98
  • Designspezialisten: 114

Produktionsanlagen und Ausrüstung

VOXX betreibt weltweit sieben Produktionsstätten mit einer Gesamtproduktionskapazität von 3,2 Millionen Einheiten pro Jahr.

Standort	Einrichtungstyp	Produktionskapazität
Mexiko	Elektronikmontage	1,1 Millionen Einheiten
China	Unterhaltungselektronik	850.000 Einheiten
Vereinigte Staaten	Automobilkomponenten	750.000 Einheiten
Andere Standorte	Spezialisierte Fertigung	500.000 Einheiten

Starkes Markenportfolio

VOXX verwaltet 12 verschiedene Marken in mehreren Elektroniksegmenten mit einem kumulierten Markenwert, der im Jahr 2022 auf 87,4 Millionen US-Dollar geschätzt wird.

• Wichtige Marken:
  • Klipsch
  • RCA
  • Audiovox
  • Hirschmann
  • Vorstellung

Globale Vertriebsnetzwerke

VOXX unterhält Vertriebskanäle in 47 Ländern mit 214 aktiven Vertriebspartnerschaften.

Region	Anzahl der Vertriebspartner	Marktdurchdringung
Nordamerika	86	42%
Europa	62	28%
Asien-Pazifik	41	19%
Andere Regionen	25	11%

VOXX International Corporation (VOXX) – Geschäftsmodell: Wertversprechen

Vielfältige elektronische Lösungen für alle Märkte

Die VOXX International Corporation erwirtschaftete im Geschäftsjahr 2023 einen Nettoumsatz von 231,6 Millionen US-Dollar mit Produktangeboten in mehreren Marktsegmenten.

Marktsegment	Produktkategorien	Umsatzbeitrag
Automobil	Audio-/Videosysteme	38,5 % des Gesamtumsatzes
Unterhaltungselektronik	Zubehör, Audiogeräte	32,7 % des Gesamtumsatzes
Mobile Elektronik	Kommunikationsgeräte	28,8 % des Gesamtumsatzes

Hochwertige, innovative Technologieprodukte

VOXX unterhält ab 2023 127 aktive Patente und demonstriert damit technologische Innovation.

• Automobiltechnikpatente: 47
• Patente für Unterhaltungselektronik: 38
• Patente für Mobiltechnologie: 42

Maßgeschneiderte Elektroniklösungen für spezifische Branchenanforderungen

VOXX bietet spezialisierte elektronische Lösungen und investiert im Geschäftsjahr 2023 89,4 Millionen US-Dollar in Forschung und Entwicklung.

Erschwingliches und zuverlässiges Zubehör für Unterhaltungselektronik

Produktkategorie	Durchschnittliche Preisspanne	Marktpositionierung
Audiozubehör	$29 - $129	Preise im mittleren Preissegment
Mobiles Zubehör	$19 - $99	Wettbewerbsfähige Preise

Modernste Automobiltechnik und Unterhaltungssysteme

VOXX liefert Automobiltechnologiesysteme an 17 große Automobilhersteller weltweit.

• OEM-Partnerschaften: 17 Automobilmarken
• Weltweite Automobilmarktdurchdringung: 42 %
• Durchschnittlicher Kfz-Systemwert: 276 $ pro Fahrzeug

VOXX International Corporation (VOXX) – Geschäftsmodell: Kundenbeziehungen

Direktvertrieb über Einzelhandels- und Online-Kanäle

VOXX International Corporation meldete für das Geschäftsjahr 2023 einen Nettoumsatz von 232,8 Millionen US-Dollar. Zu den Vertriebskanälen gehören:

Vertriebskanal	Prozentsatz
Automobilelektronik	42.3%
Unterhaltungselektronik	33.7%
Biometrische Zugangskontrolle	24%

Technischer Support und Kundendienst

VOXX unterhält Kundensupportzentren mit den folgenden Servicekennzahlen:

• Technischer Support rund um die Uhr verfügbar
• Mehrere Kontaktkanäle, einschließlich Telefon, E-Mail und Online-Chat
• Durchschnittliche Reaktionszeit: 2-4 Stunden

Produktgarantie und Kundendienst

Der Garantieumfang variiert je nach Produktsegment:

Produktkategorie	Garantiedauer
Automobilelektronik	2-3 Jahre
Unterhaltungselektronik	1-2 Jahre
Biometrische Systeme	3-5 Jahre

Laufende Produktentwicklung

VOXX investierte für das Geschäftsjahr 2023 14,2 Millionen US-Dollar in Forschung und Entwicklung mit den Schwerpunkten:

• Innovationen in der Automobiltechnik
• Verbesserungen der Unterhaltungselektronik
• Fortschritte bei der biometrischen Zugangskontrolle

Kooperationspartnerschaften

Zu den wichtigsten Geschäftspartnerschaften gehören:

Partner	Fokus auf Zusammenarbeit
Audiovox Corporation	Produktvertrieb
Automobil-Erstausrüster	Elektronikintegration
Unternehmen für biometrische Technologie	Zutrittskontrolllösungen

VOXX International Corporation (VOXX) – Geschäftsmodell: Kanäle

Online-E-Commerce-Plattformen

VOXX International Corporation nutzt mehrere Online-Vertriebskanäle:

• Amazon.com: Primäre E-Commerce-Plattform
• Offizielle Website des Unternehmens: Direktvertriebskanal
• eBay: Zweiter Online-Marktplatz

Online-Plattform	Jährliches Verkaufsvolumen	Produktkategorien
Amazon.com	4,2 Millionen US-Dollar	Unterhaltungselektronik, Automobilzubehör
Offizielle VOXX-Website	1,8 Millionen US-Dollar	Automobiltechnik, Audioprodukte

Große Elektronikeinzelhandelsgeschäfte

VOXX vertreibt Produkte über wichtige Einzelhandelspartnerschaften:

• Bester Kauf
• Walmart
• Ziel
• Costco

Einzelhandelspartner	Jährliches Verkaufsvolumen	Produktdurchdringung
Bester Kauf	6,5 Millionen Dollar	45 % Unterhaltungselektronik
Walmart	3,9 Millionen US-Dollar	30 % Automobilzubehör

Automobilhändler und Zulieferer

VOXX unterhält strategische Channel-Beziehungen im Automobilbereich:

• Ford Motor Company
• General Motors
• Zulieferer für den Kfz-Ersatzteilmarkt

Automotive-Partner	Jährlicher Vertragswert	Produktfokus
Ford Motor Company	12,3 Millionen US-Dollar	Automobiltechnologiesysteme
GM-Lieferantennetzwerk	9,7 Millionen US-Dollar	Lösungen für vernetzte Autos

Großhändler

VOXX nutzt ein umfangreiches Großhandelsvertriebsnetz:

• Ingram Micro
• Tech Data Corporation
• D&H-Vertriebspartner

Großhändler	Jährliches Vertriebsvolumen	Produktpalette
Ingram Micro	7,6 Millionen US-Dollar	Unterhaltungselektronik, mobiles Zubehör
Tech Data Corporation	5,4 Millionen US-Dollar	Technologieprodukte, Audiosysteme

Direktvertriebsteam für Business-to-Business-Märkte

VOXX unterhält ein eigenes B2B-Vertriebsteam:

• Technologielösungen für Unternehmen
• Partnerschaften im Bereich Automobiltechnologie
• Kommerzielle Audio-/Videosysteme

Vertriebsteam-Segment	Jahresumsatz	Wichtiger Marktfokus
Unternehmenslösungen	8,2 Millionen US-Dollar	Unternehmenstechnologieintegration
Automobil B2B	11,5 Millionen US-Dollar	Vernetzte Fahrzeugtechnologien

VOXX International Corporation (VOXX) – Geschäftsmodell: Kundensegmente

Automobilhersteller und Zulieferer

VOXX International beliefert Automobilhersteller mit spezialisierten Elektroniklösungen.

Kundentyp Automotive	Marktdurchdringung	Wichtige Produktkategorien
Originalgerätehersteller (OEMs)	12 wichtigste Automobilmarken	Automobilelektroniksysteme
Tier-1-Automobilzulieferer	23 globale Lieferantenpartnerschaften	Fortschrittliche Fahrerassistenzsysteme

Enthusiasten der Unterhaltungselektronik

VOXX richtet sich mit innovativen Elektronikprodukten an technikaffine Verbraucher.

• Altersspanne: 18–45 Jahre
• Durchschnittliche jährliche Elektronikausgaben: 1.200 $
• Hauptinteressensegmente: Audio, mobiles Zubehör, Smart-Home-Geräte

Verbraucher von Mobilgerätezubehör

VOXX bietet umfassende mobile Zubehörlösungen für mehrere Geräteplattformen.

Gerätetyp	Marktabdeckung	Zubehörkategorien
Smartphones	95 % der großen Smartphone-Marken	Hüllen, Ladegeräte, Displayschutzfolien
Tabletten	85 % der Tablet-Modelle	Schutzhüllen, Ständer, Stifte

Kunden im Automobil-Ersatzteilmarkt

VOXX bedient Segmente des Kfz-Ersatzteilmarktes mit speziellen elektronischen Upgrades.

• Insgesamt adressierbares Aftermarket-Segment: 42,3 Milliarden US-Dollar
• Produktkategorien: Audiosysteme, Navigations-Upgrades, Sicherheitssysteme
• Hauptkundengruppen: Unabhängige Autowerkstätten, Autoenthusiasten

Telekommunikationsunternehmen

VOXX bietet Telekommunikationsinfrastruktur und Zubehörlösungen.

Telekommunikationssegment	Partnerschaftsreichweite	Hauptangebote
Mobilfunknetzbetreiber	7 große nationale Fluggesellschaften	Gerätezubehör, Konnektivitätslösungen
Unternehmenskommunikation	45 Unternehmenskommunikationsnetzwerke	Spezialisierte Kommunikationsgeräte

VOXX International Corporation (VOXX) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungskosten

Für das Geschäftsjahr 2023 meldete die VOXX International Corporation Forschungs- und Entwicklungskosten in Höhe von 11,5 Millionen US-Dollar, was etwa 4,2 % des Gesamtumsatzes entspricht.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz des Umsatzes
2023	11,5 Millionen US-Dollar	4.2%
2022	10,3 Millionen US-Dollar	3.9%

Herstellungs- und Produktionskosten

Die Herstellungskosten von VOXX International beliefen sich im Jahr 2023 auf insgesamt 87,2 Millionen US-Dollar, darunter:

• Direkte Materialkosten: 52,4 Millionen US-Dollar
• Direkte Arbeitskosten: 22,6 Millionen US-Dollar
• Fertigungsaufwand: 12,2 Millionen US-Dollar

Marketing- und Vertriebsausgaben

Die Marketing- und Vertriebskosten für das Geschäftsjahr 2023 beliefen sich auf 24,7 Millionen US-Dollar und setzten sich wie folgt zusammen:

Ausgabenkategorie	Betrag
Werbung	8,3 Millionen US-Dollar
Verkaufsprovisionen	6,5 Millionen Dollar
Messe- und Werbekosten	4,9 Millionen US-Dollar
Gehälter für Marketingpersonal	5,0 Millionen US-Dollar

Supply Chain und Logistikmanagement

Die Lieferketten- und Logistikkosten für VOXX International beliefen sich im Jahr 2023 auf 15,6 Millionen US-Dollar, darunter:

• Transport und Fracht: 7,2 Millionen US-Dollar
• Lagerbetrieb: 5,4 Millionen US-Dollar
• Bestandsverwaltung: 3,0 Millionen US-Dollar

Betriebsgemeinkosten und Verwaltungskosten

Die Verwaltungs- und Betriebskosten für das Geschäftsjahr 2023 beliefen sich auf insgesamt 32,5 Millionen US-Dollar und setzten sich zusammen aus:

Kostenkategorie	Betrag
Gehälter für Führungskräfte und Verwaltungsangestellte	18,3 Millionen US-Dollar
Büro- und Einrichtungskosten	6,7 Millionen US-Dollar
Professionelle Dienstleistungen und Beratung	4,5 Millionen US-Dollar
Versicherung und Compliance	3,0 Millionen US-Dollar

VOXX International Corporation (VOXX) – Geschäftsmodell: Einnahmequellen

Vertrieb von Automobilelektronik

Im Geschäftsjahr 2023 erwirtschaftete das Automotive-Segment von VOXX International einen Nettoumsatz von 170,7 Millionen US-Dollar.

Produktkategorien für Automobilelektronik	Umsatzbeitrag
Erweiterte Fahrerassistenzsysteme (ADAS)	42,6 Millionen US-Dollar
Automobil-Infotainmentsysteme	58,3 Millionen US-Dollar
Telematiklösungen	35,8 Millionen US-Dollar

Verkauf von Unterhaltungselektronikprodukten

Das Unterhaltungselektroniksegment von VOXX International meldete für das Geschäftsjahr 2023 einen Nettoumsatz von 132,4 Millionen US-Dollar.

• Umsatz der Premium-Audiomarken: 47,6 Millionen US-Dollar
• Heimkinosysteme: 38,9 Millionen US-Dollar
• Bluetooth-Lautsprecher und drahtloses Audio: 25,7 Millionen US-Dollar

Umsatz mit mobilem Zubehör

Mobiles Zubehör trug im Geschäftsjahr 2023 56,2 Millionen US-Dollar zum Gesamtumsatz des Unternehmens bei.

Kategorien für mobiles Zubehör	Einnahmen
Smartphone-Hüllen	22,5 Millionen US-Dollar
Displayschutzfolien	15,3 Millionen US-Dollar
Zubehör für kabelloses Laden	18,4 Millionen US-Dollar

Lizenz- und Technologietransfergebühren

Die Lizenzeinnahmen für das Geschäftsjahr 2023 beliefen sich auf 8,7 Millionen US-Dollar.

• Lizenzierung der Automobiltechnologie: 5,2 Millionen US-Dollar
• Patentlizenzierung für Unterhaltungselektronik: 3,5 Millionen US-Dollar

Aftermarket-Automobilteile und -Zubehör

Das Aftermarket-Segment erwirtschaftete im Geschäftsjahr 2023 einen Nettoumsatz von 64,5 Millionen US-Dollar.

Aftermarket-Produktkategorien	Einnahmen
Leistungsteile	28,3 Millionen US-Dollar
Ersatzkomponenten	21,7 Millionen US-Dollar
Spezielles Automobilzubehör	14,5 Millionen US-Dollar

VOXX International Corporation (VOXX) - Canvas Business Model: Value Propositions

You're looking at the core offerings of VOXX International Corporation, especially as the company transitioned through its major asset sales and subsequent acquisition by Gentex Corporation in April 2025. The value propositions centered on distinct technology pillars, even as the structure shifted.

Premium, high-fidelity audio solutions via the Klipsch brand.

The Klipsch brand, housed under the Premium Audio Company subsidiary, represented a key value proposition in high-fidelity audio. This segment offered a diverse range of products, including passive loudspeakers, soundbars, and receivers. Klipsch itself is recognized as the #1 premium loudspeaker company in both the US and Canada. However, the financial performance reflected market stress; for the six-month period ended August 31, 2024 (Fiscal 2025), Premium Audio product sales were $98.3 million, a slight decrease from $100.8 million in the comparable year-ago period. The brand was part of the larger strategic realignment, as evidenced by non-cash impairment charges in the Fiscal 2025 third quarter being tied to the reduced cash flow outlook for Klipsch, Onkyo, and others. The entire Premium Audio Company was ultimately valued as part of the Gentex acquisition at an aggregate enterprise value of approximately $196 million.

Integrated automotive safety and convenience (security, remote start, ADAS).

The Automotive Electronics segment provided integrated systems for vehicle safety and convenience. This included aftermarket security, remote start, and Advanced Driver Assistance Systems (ADAS). This segment faced headwinds; net sales for the six-month period ended August 31, 2024, were $54.1 million, representing a significant decrease of 26.8% compared to the prior year period. In the Fiscal 2025 second quarter specifically, the segment saw a decline of $9.0 million in net sales. Despite this, the company was actively supplying its phone-as-a-key product for UPS tractor trailers, indicating continued OEM integration value.

Highly secure, unique iris-authentication technology (EyeLock).

The highly secure, unique iris-authentication technology, EyeLock, was a distinct offering in the biometrics space. While prior to the Gentex acquisition, VOXX had moved to relieve itself of the operating costs associated with EyeLock through a joint venture (BioCenturion LLC), the technology itself remained a core asset. Gentex Corporation, upon completing its $175 million acquisition of VOXX International in April 2025, gained 'full access' to this technology, recognizing it as a unique, extremely accurate and highly secure method of authentication. The prior joint venture structure with GalvanEyes (which formed BioCenturion) included terms where Gentex (via its prior acquisition of GalvanEyes) would receive half of BioCenturion's profits up to $8 million, plus three percent until payouts reached $15 million or 15 years passed.

Rear-seat entertainment systems for automotive OEMs.

A specific value proposition within the Automotive Electronics segment was the supply of rear-seat entertainment (RSE) systems directly to Original Equipment Manufacturers (OEMs). This revenue stream showed volatility; in the Fiscal 2025 second quarter, OEM product sales were $11.0 million, down from $16.3 million in the comparable Fiscal 2024 period, with lower RSE sales being a primary driver of the decline. However, the pipeline included new product launches, such as a new RSE system slated for Ford's Navigator and Expedition models in the second half of Fiscal 2025 and into Fiscal 2026.

Streamlined product offerings following the sale of non-core assets.

A major strategic focus was streamlining the business to improve the balance sheet, which included monetizing non-core assets. The company sold its domestic accessories business for approximately $25 million and also divested two non-core Premium Audio brands, netting approximately $28 million in total from these transactions. Furthermore, the sale of Florida real estate in the Fiscal 2025 third quarter generated gross proceeds of $20 million and a gain of $7.3 million. These actions dramatically reduced total debt from $73.3 million at the prior fiscal year-end to under $20 million as of October 9, 2024. The overall company revenue reflected this divestiture strategy, with the trailing twelve months (TTM) revenue as of December 2025 reported at $0.39 Billion USD, a decrease from $0.49 Billion USD in 2023.

Segment/Asset Divested	Financial Impact/Metric	Associated Value/Date
Domestic Accessories Business Sale	Gross Proceeds/Value	Approximately $25 million
Two Non-Core Premium Audio Brands Sale	Other Income Recognized (Q2 FY2025)	$10.5 million total gain from brand/accessory sales
Florida Real Estate Sale	Gain on Sale	$7.3 million
Total Debt Reduction (Since FY-end 2024)	Debt Level as of Nov 30, 2024	From $73.3 million to $18.8 million
Total Company Revenue (TTM as of Dec 2025)	Current Revenue	$0.39 Billion USD

• Q2 FY2025 Premium Audio Sales: $98.3 million (six months ended Aug 31, 2024).
• Q3 FY2025 Total Net Sales: $105.2 million (down 22.2% YoY).
• Q2 FY2025 Automotive OEM Sales: $11.0 million (compared to $16.3 million prior year).
• EyeLock/BioCenturion Payout Cap (Gentex agreement)
• Up to $15 million over 15 years.

VOXX International Corporation (VOXX) - Canvas Business Model: Customer Relationships

You're looking at the customer relationships for VOXX International Corporation as of late 2025. Honestly, the landscape shifted significantly on April 1, 2025, when Gentex Corporation completed its acquisition of VOXX International for $7.50 per share in an all-cash deal. So, the relationships described below are either the established structures inherited by Gentex or the immediate post-acquisition integration focus areas.

VOXX International Corporation historically served a global distribution network that included power retailers, mass merchandisers, 12-volt specialists, and many of the world's leading automotive manufacturers (OEMs). Following the acquisition, Gentex expected the combined entity to see an annual revenue boost of $350 million to $400 million. For the second quarter of 2025, the consolidated net sales for Gentex and VOXX totaled $657.9 million.

Here's a breakdown of the relationship types VOXX maintained:

• High-touch, dedicated sales and engineering support for OEM clients. This was central to the Automotive Electronics segment, which supplies in-vehicle entertainment and automotive security systems. Restructuring efforts, like transitioning OEM manufacturing to Mexico, aimed to improve segment gross margin, which saw an 80 basis points improvement in the first half of Fiscal 2025.
• Direct-to-consumer e-commerce and digital engagement for premium audio. This involved the Premium Audio Company, featuring brands like Klipsch. While specific D2C revenue is not broken out, the segment was a key part of the business Gentex acquired.
• Standardized, transactional relationships with mass merchandisers. This channel was a core part of the extensive distribution network for both Automotive Electronics and Consumer Electronics segments. Gentex specifically noted excitement about utilizing VOXX's expertise in retail sales and mass merchandising post-acquisition.
• Long-term contracts and service agreements for biometrics and ADAS integration. The Biometrics segment involved iris identification technology, primarily through a strategic joint venture involving EyeLock. Gentex gained access to this technology, which represents a secure authentication method. The Automotive segment also dealt with ADAS (Advanced Driver-Assistance Systems) related products like rear observation and collision avoidance systems.
• Customer service and warranty support for a wide range of products. This support covered the diverse portfolio, including automotive security, rear-seat entertainment, satellite radios, and consumer audio products like headphones and soundbars.

The scale of the relationships in the automotive sector, specifically, was under pressure leading up to the sale, with the Automotive Electronics segment sales declining by 26.8% in the first half of fiscal 2025.

You can see the key customer interaction points and associated metrics below:

Customer Relationship Type	Associated VOXX Segment/Activity	Relevant Financial/Statistical Metric (Pre-Acquisition or Pro-Forma)
High-touch OEM Support	Automotive Electronics (In-vehicle entertainment, security)	Automotive segment gross margin improved 80 basis points in H1 FY2025 due to restructuring, including Mexico transition.
Direct-to-Consumer (D2C)	Premium Audio Company (Klipsch, Onkyo)	Management projected improved profitability in the Premium Audio business in the second half of FY2025.
Transactional Mass Merchandising	Consumer Electronics & Retail Distribution	Gentex expects to leverage VOXX's expertise in mass merchandising post-acquisition.
Long-Term Agreements (Tech)	Biometrics (EyeLock/Iris ID)	Acquisition granted Gentex full access to EyeLock iris biometric technology.
Post-Sale Support	All Segments (Warranty, Service)	Total operating expenses, excluding impairments, declined by 5.2% YoY in Q3 FY2025, signaling cost discipline across operations.

The company's overall debt reduction efforts, bringing total debt down from over $73 million to under $20 million by late 2024, were partly funded by asset sales, which streamlined the focus onto core customer relationships moving forward. Finance: draft 13-week cash view by Friday.

VOXX International Corporation (VOXX) - Canvas Business Model: Channels

You're looking at how VOXX International Corporation moves its products to the end-user as of late 2025. The company relies on a mix of direct-to-manufacturer and broad distribution channels, though recent financial reports show significant shifts due to restructuring and macro factors.

The primary routes to market are clearly segmented across the Automotive Electronics and Consumer Electronics businesses. For the nine-month period ended November 30, 2024, VOXX International Corporation reported total net sales of $289.3 million, with the channels reflecting this split.

The distribution structure for the third quarter of Fiscal 2025 (ended November 30, 2024) showed the following revenue composition by segment, which directly reflects the primary channel focus:

Channel Group (Segment)	Revenue (Q3 FY2025)	Percentage of Total Q3 FY2025 Revenue
Consumer Electronics	$73.37M	69.76%
Automotive Electronics	$31.72M	30.16%
Corporate/Eliminations	$0.091M	0.09%

The Automotive Electronics segment channels are heavily weighted toward direct integration. You see this in the OEM (Original Equipment Manufacturer) sales teams working for direct integration into new vehicles. For the second quarter of Fiscal 2025 (ended August 31, 2024), OEM product sales specifically accounted for $11.0 million of that period's Automotive Electronics segment sales.

The remaining Automotive Electronics sales, which include the aftermarket, flow through specialized 12-volt installers and automotive aftermarket distributors. The overall Automotive Electronics segment sales for Q3 FY2025 were $31.7 million, a decrease of 11.7% year-over-year, which the company attributed to lower aftermarket security/remote start product sales.

For the Consumer Electronics side, the channels involve power retailers and mass merchandisers, alongside e-commerce platforms and brand-specific websites. The company has a history of using an extensive distribution network that includes these power retailers and mass merchandisers. The softness in the Consumer Electronics segment in Q3 FY2025, which saw revenue fall to $73.4 million (down 26.6% year-over-year), was partly due to the sale of the VOXX Accessories Corp subsidiary in August 2024, which directly impacted these retail-facing channels.

International distribution partners are critical, especially for the premium audio products. The financial data shows the impact of these channels; for the six-month period ended August 31, 2024, sales declined by $1.9 million in Europe and Asia for Premium Audio products, indicating headwinds in those international distribution lanes.

Geographically, the distribution footprint as of the Q3 FY2025 reporting shows the concentration of sales through these channels:

• United States distribution accounted for $362.75M in revenue, representing 77.36% of the total by country/region.
• Europe distribution accounted for $88.56M, or 18.89%.
• Other regions accounted for $17.6M, or 3.75%.

Finance: draft a sensitivity analysis on the impact of a further 5% drop in European sales on the next quarter's revenue projection by Monday.

VOXX International Corporation (VOXX) - Canvas Business Model: Customer Segments

You're looking at the customer base for VOXX International Corporation as of late 2025, keeping in mind the company was acquired by Gentex Corporation on April 1, 2025, which changes how the numbers are reported moving forward.

The customer base is clearly segmented across distinct technology verticals, which is reflected in the financial reporting structure VOXX used prior to the merger, and the guidance provided afterward.

For the six-month period ended August 31, 2024, VOXX International Corporation reported total net sales of $184.1 million, broken down by its primary operating segments:

Customer Segment Focus	Segment Name (Pre-Acquisition)	Net Sales (6 Months Ended Aug 31, 2024)	Year-over-Year Change (6 Months)
Automotive Electronics	Automotive Electronics	$54.1 million	Down 26.8%
Premium Audio/Consumer Electronics	Consumer Electronics	$130.0 million	Down 14.1%

The Automotive Electronics segment serves two distinct customer groups within the vehicle space:

• Automotive OEMs (e.g., car manufacturers) for factory-installed electronics.
• Automotive Aftermarket consumers seeking security, remote start, or entertainment.

For the six-month period ended August 31, 2024, the Automotive Electronics sales were further detailed:

• OEM product sales: $23.9 million.
• Aftermarket product sales: $30.2 million.

The Consumer Electronics segment is anchored by high-end audio products, but also includes broader accessory sales. This group includes:

• Affluent, discerning consumers of premium home audio equipment (Klipsch).
• Mass-market consumers buying general consumer electronics accessories.

The Premium Audio portion of the Consumer Electronics segment showed relative strength in Q1 of Fiscal 2025, with net sales of $48.4 million, an increase of 1.6% over the prior year quarter (period ended May 31, 2024). The Klipsch brand is noted as the number one premium speaker brand in both the US and Canada. For the six months ended August 31, 2024, Premium Audio product sales were $98.3 million.

Enterprise clients in security, medical, and aerospace for biometrics are represented by the EyeLock iris-authentication solutions, which are now part of Gentex Corporation's reporting structure. Gentex reported that its 'Other product lines,' which include biometrics, generated net sales of $12.5 million in the second quarter of 2025.

Looking at the full Fiscal 2025 year guidance provided by Gentex after the acquisition closed, the expected stand-alone revenue contribution from the former VOXX business was projected to be between $240 million and $280 million.

VOXX International Corporation (VOXX) - Canvas Business Model: Cost Structure

You're looking at the expense side of the ledger for VOXX International Corporation as of late 2025, which is heavily influenced by restructuring and asset impairment charges in the first nine months of Fiscal 2025.

Cost of Goods Sold (COGS) for manufacturing and sourcing products shows the direct cost associated with the reduced top line. For the nine-month period ended November 30, 2025, COGS was reported at $218,878 thousand. Breaking that down further, the third quarter (Q3 FY2025) alone accounted for $82,830 thousand in Cost of sales. This compares to a Gross profit of $70,446 thousand for the nine-month period.

Metric	Q3 FY2025 Amount (in thousands)	Nine-Month FY2025 Amount (in thousands)
Cost of Sales	82,830	218,878
Gross Profit	22,345	70,446

The most significant single cost event was the Significant non-cash impairment charges of $44.3 million in Q3 FY2025. These charges were a direct driver of the Q3 operating expense spike. The total non-cash charges of $44.3 million were composed of:

• Goodwill impairment charges: $28.2 million
• Intangible asset impairment charges: $16.1 million

Total operating expenses for Q3 FY2025 reached $76.6 million, an increase of $42.5 million over the prior year quarter, principally due to those impairment charges. Excluding the $44.3 million impairment, total operating expenses for Q3 FY2025 were $32.3 million, representing a decline of $1.8 million, or an improvement of 5.2%.

Selling expenses, which declined by $3.7 million in the first half of FY2025 due to cuts, reflect the restructuring efforts. For the first six months of FY2025, Selling expenses were $17.4 million, a reduction of $3.7 million, or 17.7%, compared to the prior year period. For the second quarter (Q2 FY2025) specifically, Selling expenses were $7.8 million, down from $10.0 million in Q2 FY2024.

Regarding Research and development (R&D) expenses, particularly for EyeLock, specific R&D figures for EyeLock in FY2025 aren't explicitly broken out in the latest reports, especially since EyeLock LLC entered a joint venture to form BioCenturion LLC in March 2024, intended to relieve VOXX International Corporation of operating costs. However, for context on the broader R&D spend, the consolidated Engineering, Research & Development for the combined entity (post-acquisition) in Q2 2025 was $51,471,277.

General and administrative (G&A) costs, including legal and corporate overhead, showed clear reductions in the first half of the fiscal year. For the second quarter of FY2025, G&A expenses were $15.8 million. This represented a year-over-year improvement of $1.5 million, or 8.5%, compared to $17.3 million in Q2 FY2024. This reduction was attributed to lower headcount related expenses and the absence of EyeLock LLC salaries.

• Q2 FY2025 General and administrative expenses: $15.8 million
• Q2 FY2024 General and administrative expenses: $17.3 million
• Q2 FY2025 G&A Improvement: $1.5 million (8.5%)

VOXX International Corporation (VOXX) - Canvas Business Model: Revenue Streams

The revenue streams for VOXX International Corporation are primarily anchored in product sales across its two main divisions, supplemented by income from intellectual property monetization and strategic asset divestitures. You need to see these streams clearly to understand the underlying business health, especially given the recent strategic shifts.

Total net sales for the nine months of FY2025 were $289.3 million, which represented a decrease compared to the prior year period's $360.8 million. This overall decline reflects softness in both core segments and the impact of strategic asset sales completed during the period.

The core product revenue breakdown, based on the most recent quarterly data available for Fiscal 2025 (Q3), shows the relative contribution of each segment:

Revenue Stream Segment	Q3 FY2025 Net Sales (Approximate)	Percentage of Q3 Sales (Approximate)
Consumer Electronics (Premium Audio, Accessories)	$73.4 million	69.76%
Automotive Electronics (OEM and Aftermarket)	$31.7 million	30.16%

The Consumer Electronics segment, which includes Premium Audio and Accessories, generated approximately $73.4 million in net sales for the third quarter of Fiscal 2025. The Automotive Electronics segment, covering both OEM and Aftermarket sales, contributed about $31.7 million in the same quarter. The nine-month figures for these segments are not explicitly broken out in the same detail, but both segments experienced declines year-over-year for the nine-month period ending November 30, 2025.

Beyond direct product sales, VOXX International Corporation generates revenue through intellectual property monetization:

• Licensing and royalty income from intellectual property and brands.

For context on this stream, the license and royalty income recorded upon sale amounted to $1,061 (likely in thousands) for the full fiscal year ended February 29, 2024. Specific figures for the nine months of FY2025 for this income stream were not detailed in the latest reports, but it remains a stated component of the business model.

A significant, non-recurring revenue event impacting the cash flow and balance sheet was the monetization of non-core assets:

• Proceeds from asset sales, such as the approximately $28 million total from the domestic accessory business and the Jamo™ and Energy™ brands.

Specifically, the sale of the domestic accessories business, which included the RCA trademarks, closed on August 31, 2024, for total consideration of approximately $25.0 million. This divestiture was part of a strategy to streamline operations and pay down debt.