Brian Ruttenbur's questions to VOXX leadership • Q3 2024
Question
Inquired about the pipeline for the biometrics business, the expected normalized revenue run rate for the OEM business now that the UAW strike is over, and the anticipated cash flow from operations for the fourth quarter.
Answer
The biometrics pipeline is strong with projects in testing and planning with government, financial, and healthcare clients, with growth expected in 2025. The OEM business is expected to return to its pre-strike run rate of around $50 million per quarter and then grow with new programs. Q4 cash flow will be significantly impacted by the final $32 million payment for the Seaguard settlement, which will be funded by collecting holiday receivables and using the company's credit facility.