Fueled by the strong performance of Klipsch and the company’s other premium audio lines—all of which are overseen from Indianapolis by longtime Klipsch CEO Paul Jacobs—Voxx shares have risen more than 200% this year.
The manufacturer has reinvigorated its product line, brokered new partnerships, and greatly expanded its sales footprint, but the tune from parent New York-based Voxx International Corp. is far less melodic.
Voxx International Corp.’s Premium Audio segment—essentially Klipsch—has seen three straight quarters of strong sales growth, including a 27-percent showing in the latest quarter.
Michael Klipsch, who stepped down in September as chief legal counsel and president of business development, had been with the indianapolis-based speaker maker nearly 20 years.
The homegrown speaker and headphone maker Klipsch Group in recent weeks released a bevy of new products and launched a marketing campaign headlined by high-profile athletes and a rock band.
The order enables the Indianapolis speaker maker to disable the websites where the suspected knockoffs are sold and allows it to restrain the funds of the accused.
Indy Audio Labs is shipping its first finished product and had it certified by THX Ltd., the gold standard in consumer electronics, in time for a major industry trade show this month.
Audiovox said in a statement, though, that the deal is “subject to a number of contingencies.” Indianapolis-based Klipsch was founded in 1945 and has 130 local employees.
An upstart audio products company with offices at Purdue Research Park at AmeriPlex has brought in big guns to launch sales.
Making money in earphones will require higher sales volumes, but Klipsch CEO Fred Klipsch thinks there are plenty more consumers
left for his company to tap.