SnapAV announced today that it has engineered an all-new version of their popular OvrC remote monitoring and management system (RMM). This new version, launched in the wake of their acquisition of Control4 last year with its competitive Pakedge networking, as well as BakPak and Ihiji remote monitoring solutions, is said to combine the best of all of these systems.
Archives for May 2020
Epidemic Engulfs Emerald Expositions; Reports Massive Q1 Loss of $570.1M
CFO Admits Company Looking at Possibility of No More Shows in 2020 – and Fewer in 2021
Emerald Holding Inc., formerly Emerald Expositions Events, Inc. (NYSE:EEX), has released their fiscal 2020 first quarter results and the organization makes no bones about it – it has been hit, and hit hard, by the COVID-19 pandemic. The company announced that in the first quarter of fiscal 2020 – the period ending March 31, 2020 – sales declined 27.4% to $99.7 million and the company had the biggest net loss in its history, losing $570.1 million.
See more on the dire situation at Emerald…
[Read more…] about Epidemic Engulfs Emerald Expositions; Reports Massive Q1 Loss of $570.1MAXPONA is Canceled; But Its Promoter & Exhibitors are Still Battling
Joel Davis of JD Events (JDE) announced a little more than a week ago that AXPONA, the high-end audio exposition scheduled to take place in Schaumburg, IL in August, is now canceled. Citing the health and safety of attendees, Davis’ letter said “we do not feel 100% confident that we can provide a safe environment for all of our customers and press…” But in a separate communication to exhibitors, Davis informed them the that JDE was in dire financial straits and unable to return their deposits – further angering the still unhappy AXPONA exhibitors.
See more on the AXPONA turmoil…
[Read more…] about AXPONA is Canceled; But Its Promoter & Exhibitors are Still BattlingSonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 Million
CEO Says Direct-to-Consumer Sales Were Big, Launching Three New Models
Sonos Inc. announced Wednesday the results of their fiscal second quarter, a quarter that CEO Patrick Spence called “challenging.” The company saw a double-digit sales decline of 17% to $175.1 million from $210.2 million in the same quarter in 2019. Worse, net losses more than doubled to $52.3 million – 129% worse than the net loss of $22.8 million in Q2 last year.
Still, Spence sounded upbeat in a letter to investors and says he is “confident that the actions we are taking today will set us up for long-term success and the continued tremendous opportunity ahead.”
Learn more about the sour Sonos results in Q2…
[Read more…] about Sonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 MillionCrestron in Triumphant Return to CEDIA Expo
Crestron Electronics announced today that it is returning to the CEDIA Expo show for the first time since Strata-gee broke the news of their surprising exit from the event four years ago in 2016. This announcement marks a triumphant return for a company that has seen its residential business soar over the last few years, particularly with the launch of their Crestron Home software solution.
See more on Crestron’s return to CEDIA Expo
[Read more…] about Crestron in Triumphant Return to CEDIA ExpoA Savant 1-2 Punch: New Pro Remote X2 & Powerful Consumer Ad Campaign
Today, Savant Systems launched its latest remote control, the Pro Remote X2, which it says offers users “an unprecedented smart home experience from a hand-held remote.” Along with this, the company is simultaneously launching an aggressive new advertising campaign targeted at consumers and designed to drive business to Savant integrators.