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Nailed It! Masimo Preliminary Results for Fiscal ’23 Q4 & Full Year are Within Guidance

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Masimo logo

Will Exclude Apple Litigation Fees from Future Guidance

On Wednesday, Masimo Corporation (NASAQ: MASI) released preliminary results for its Fiscal 2023 fourth quarter and full-year results and issued new guidance representing its outlook for Fiscal 2024. Even though its final results won’t be announced until next month (February) the company has enough information to issue these preliminary results now, giving investors a better picture of how their fiscal quarter and year will end.

Masimo also announced it would change its formulation for future guidance by excluding the extensive costs associated with its litigation with Apple.

See more on this report from Masimo

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VOXX Reports Fiscal ’24 Q3 Results, Cites a ‘Slowing’ Economy & ‘Continued Softness’

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New VOXX product, the Klipsch Flexux powered by Onkyo

VOXX Stock Loses Over 12% of Its Value the Next Trading Day

After the close of markets on Tuesday, VOXX International Corporation (NASDAQ: VOXX) released its Fiscal 2024 third-quarter financial results for the period ending November 30, 2023. Citing continued challenging macroeconomic conditions in 2023, the company reported that its third-quarter sales declined 5.4% and net income dropped 74.3%. CEO Pat Lavelle, who was participating in an analyst conference call on its earnings by phoning in from CES 2024, started his presentation somberly, saying to analysts that, “2023 has been tough for everyone, not just Voxx. Our entire industry has had a very challenging year.”

Learn more from the VOXX fiscal ’24 3rd quarter earnings report

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OliverIQ: Order a Juicy New Smartphone and Get a Side Order of Smart Home With It

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The ‘Intel Inside’ of the DIY Smart Home Industry

Launching today at CES 2024 is a new company of impressive pedigree that purports to offer Smart Home as a Service (SHaaS) through partnering with large national service providers -potentially scaling the category to a level not seen up to now. OliverIQ shared with members of the media their vision for an entirely new kind of multi-protocol, cloud-based, interoperability-enabling solution that just might change the face of the DIY Smart Home market.

See more on the bold thinking behind OliverIQ

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Lenbrook Spins Off Its Media Business as an Independent Unit

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Canada’s The Lenbrook Group announced today that it has spun off its digital media and content-related businesses as a separate unit, independent of its hardware brands. The new unit will be known as The Lenbrook Media Group and is to be headed by former MQA Ltd. CEO Mike Jbara.

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New Study Finds 80% of Companies Will Track RTO Attendance in 2024

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Companies are getting serious about RTO policies

A new study on corporate return-to-office (RTO) plans shows that 8 in 10 companies say they will track employee office attendance in 2024. The survey also found that those who fail to follow company policy on in-office attendance will face negative consequences for not complying.

See what else this study found on rapidly changing company attendance policies

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Shelly Group to Launch New Gen3 Series of IoT Devices at CES 2024

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New Shelly chip powers Gen3 devices

Shelly Group AD (formerly Allterco Robotics), a maker of a range of task-specific IoT devices and smart building solutions under the Shelly brand, announced today that it is launching a new Gen3 series of devices at the upcoming Consumer Electronics Show 2024. Shelly offers an innovative line of devices primarily targeted at the DIY hobbyist market, but devices that are increasingly being embraced by integrators as handy problem solvers in the field.

See the new Gen 3 Shelly devices launching at CES 2024

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Themes That Were Key in ’23 on Strata-gee

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Themes that were Key in 2023

Wow! It’s crazy that 2023 is now just about behind us, and what a dramatic and dynamic year it was! What were the key themes of the year? At the beginning of the year, I think most would say their greatest concern was the economy and their least concern was the tech industry. Yet the year turned out to be almost the exact opposite of that.

See more on the themes that were key in ’23 on Strata-gee

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Upscale Speaker Maker Fyne Audio Selects Harmonia Distribution for U.S.

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Fyne Audio loudspeakers are now distributed by Harmonia Distribution in the U.S.

Fyne Audio, a U.K. manufacturer of advanced high-end audio loudspeakers based in Scotland, has appointed Harmonia Distribution as its distributor for the United States market, effective immediately. Harmonia, formerly known as Upscale Distribution, said in an announcement that it is proud to have been selected by Fyne, a manufacturer that represents a blend of the best of “contemporary and traditional designs.”

See more on Fyne Audio and Harmonia Distribution

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Apple Watch Ban Takes Effect as White House Declines to Veto USITC Action

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This image is now the top graphic on the Apple Watch product page. It is the SE entry-level model that has been in the line for some time now [Click to enlarge]

Apple Files Emergency Request to Appeals Court to Halt Ban

UPDATE: See the latest news that broke the day after this story was posted at the bottom of this story…

The Masimo vs. Apple saga continues as the ban on Apple Watch models that the U.S. International Trade Commission (USITC) declared infringed on multiple Masimo Corp. (NASDAQ: MASI) patent claims is now in full force as the Biden Administration declined to veto the USITC decision. Apple’s (NASDAQ: AAPL) hopes for a presidential intervention countermanding the USITC ban from taking effect were dashed as the Presidential Review period expired at the end of Monday – yes, Christmas Day – with no action taken by the White House.

Speaking for the Biden Administration Tuesday morning, Katherine Tai, the U.S. Trade Representative said the government “decided not to reverse the ban following careful consultations.” With that, the Apple Watch ban took full effect.

See more on what happens now in this Masimo vs. Apple patent battle

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