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Mar 31, 2021

Ubiquiti Q3 2021 Earnings Report

Ubiquiti's financial performance for Q3 2021 was announced.

Key Takeaways

Ubiquiti Inc. reported revenues of $467.2 million, a 38.5% increase year-over-year. GAAP diluted EPS was $2.32, up 45.0% year-over-year, and non-GAAP diluted EPS was $2.30, a 42.9% increase year-over-year.

Revenues reached $467.2 million, showing a 38.5% increase year-over-year.

GAAP diluted EPS increased by 45.0% year-over-year, reaching $2.32.

Non-GAAP diluted EPS grew by 42.9% year-over-year, amounting to $2.30.

The company amended and restated its credit facility, providing for a $500 million term loan and a $700 million revolving credit facility.

Total Revenue
$467M
Previous year: $337M
+38.5%
EPS
$2.3
Previous year: $1.61
+42.9%
Gross Profit (%)
47.7%
Previous year: 47.3%
+0.8%
Research and Development
$30.5M
Previous year: $21.7M
+40.6%
SG&A Expense
$13.3M
Previous year: $10.6M
+25.5%
Gross Profit
$223M
Previous year: $160M
+39.5%
Cash and Equivalents
$263M
Previous year: $77.8M
+237.9%
Free Cash Flow
$135M
Previous year: $68.4M
+96.9%
Total Assets
$893M
Previous year: $621M
+43.9%

Ubiquiti

Ubiquiti

Ubiquiti Revenue by Segment

Ubiquiti Revenue by Geographic Location

Forward Guidance

The company's future results are dependent on the ability to procure components and services and the effects of the global component supply shortage and the COVID-19 pandemic may not be fully reflected in the Company's financial results until future periods.

Revenue & Expenses

Visualization of income flow from segment revenue to net income