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WiSA Edges Closer to the Abyss; Auditors Note ‘Substantial Doubt’; New Nasdaq Delisting Notice

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Retail Investor: ‘My Investment in this Company is Now Basically Worthless’

WiSA Technologies, Inc. (NASDAQ: WISA) released its fiscal 2022 fourth quarter and full-year results and it was not a pretty picture – leading the company’s auditors to issue a “going concern” warning, questioning its ability to continue. A developer and licensor of spatial, wireless sound technology used in a variety of brands, WiSA largely blamed an overall slackening consumer demand causing a glut of existing CE product inventory as the main source of its problems.

See more on WiSA’s results for its last fiscal year

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In a Shocking Reversal, Judge Grants Dish Motion; Throws Out Jury Verdict

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BREAKING NEWS

On Tuesday, less than two weeks after the conclusion of a trial in the case of ClearPlay, Inc. vs. Dish Network where a jury found in favor of ClearPlay and ordered Dish Network to pay $470 million for patent infringement – Judge David Nuffer announced a new ruling that throws out the jury verdict and award. This dramatic turnabout was announced during a court status hearing on Tuesday in which the parties participated via Zoom.

See more on this dramatic reversal

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A Jury Finds that Dish Network Must Pay $470M for Patent Infringement

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A Dish Network webpage pitching Autohop - a jury says this infringes on a ClearPlay patent

Dish Network, LLC must pay nearly $470 million for patent infringement related to its Autohop Hopper technology that a Salt Lake City District Court jury says infringes on patents held by ClearPlay Inc. The case, originally filed as ClearPlay, Inc. vs. Dish Network LLC, Dish Network Corp., EchoStar Corp., and EchoStar Technologies L.L.C. has been a long-running battle as it was originally filed in March 2014.

Learn more about Dish Network ordered to pay $470 million

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Snap One Reports Mixed Results for Fiscal ’22 Q4 & Full Year; Forecasts 2023 Resi Decline

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Cover page of Snap One presentation to financial analysts

Red Flags: Residential Market is ‘Softening’; Consumers are ‘Cautious’; Channel Inventory ‘Destocking’

Snap One Holdings Corp. (NASDAQ: SNPO) released their fiscal 2022 fourth quarter and full-year results after the close of the market on Tuesday and held a conference call for investment analysts shortly afterward with more details. The company produced a prodigious amount of data that they suggest shows success in the face of adversity, and forecast a decline in their performance in fiscal 2023.

They also said the industry slowed down in 2022 and will continue to be slow for the first three quarters of 2023.

See more on the latest Snap One earnings report and forecast

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With COVID Behind Them, Emerald Expo Reports Improved Results in Fiscal ’22

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Emerald Expo earnings report

Owner of CEDIA Expo & CE Pro Sees Revenue and Income Gains

Emerald Holding, Inc. (NYSE: EEX) (Emerald), also known as Emerald Expositions (Emerald Expo), reported their fiscal 2022 fourth quarter and full-year results on Tuesday. Their results, with strong revenue and income growth, clearly establish that the organization is rebounding from the years of COVID with exhibitors and attendees coming back to their events in force.

Learn more about the Emerald Expo fiscal 2022 results

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Sales of Luxury Homes Collapse -45% to Second Lowest Level Ever Recorded

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photo of a luxury home

Realtors Say Economic Uncertainty Has Frozen Buyers/Sellers

According to the latest data from national realtor Redfin, sales of luxury homes in the U.S. have declined a record -44.6% for the three-month period ending January 3, 2023, on a year-over-year (YoY) basis. That result outpaced the decline in sales of non-luxury homes of -37.5%.

See more on the collapse of luxury home sales; Is your market affected?

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Azione Unlimited Spring Conf. Shows Members Their Future is Unlimited

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Photo from Azione Unlimited's Spring Conference called the Didactic Dovecote in the Desert

Launches Two Major Initiatives Partnering with Nationwide

On Thursday, Azione Unlimited wrapped up its spring conference, this year known as the Didactic Dovecote in the Desert, which took place in Scottsdale, AZ from March 7th to March 9th. Although this is the first Azione event I have personally attended, it was an impressive display of solidarity, sharing, learning, and planning with a lot of enthusiastic participation by the organization’s members and vendors.

Perhaps most importantly, as part of the Nationwide Marketing Group’s family of companies, the association announced two major new initiatives: the Azione Academy, an online self-paced education program; and the Drive to 1,000 collective membership drive. This initiative by Nationwide is their plan to drive collective group membership to 1,000 members overall.

Learn more about the Azione spring conference…

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Sonos Launches New Era 300 and Era 100 Smart Speakers Featuring Spatial Audio

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New Sonos Era 300

Sonos (NASDAQ: SONO) announced on Tuesday that it has launched two new smart speakers that implement spatial audio for a more immersive listening experience. The company says these new models are the next-generation of smart speakers, utilizing Dolby Atmos technology to launch “…a whole new chapter in sound and design innovation.” They also call them “revolutionary” and “bold” and the “best experience for out loud spatial listening.”

Learn more about the Sonos Era 300 and Era 100

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Sony Offers Unusual Incentive to Attract Chip Engineers for Expanding Division

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photo of a Sony facility
[Photo: Nikkei]

Sony is looking to make a major investment to fuel even greater growth in its semiconductor business – a hot category right now around the globe. This means they need to hire engineers, dozens of engineers. But one of the consequences of so many companies chasing the semiconductor category is that competition has really been turbocharged for everything…especially engineers.

Now the company thinks it has found the perfect incentive to lock up the best engineers – something that is not nearly as prevalent in Japan as in the U.S.

See what Sony plans to offer to lock up the right engineers

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Integra Adds DRX-8.4 Deeply Featured Flagship AVR to Its Integrator Lineup

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Integra DRX-8.4 flagship AV receiver

Premium Audio Company, a VOXX company, announced this week the launch of an all-new, deeply featured Integra flagship audio/video receiver (AVR) to cap its remarkable DRX line first introduced in 2021. The new DRX-8.4 offers 11 channels of 150 watts of Integra symmetric class AB room-shaking power. This unit is stuffed with all of the latest technology offering integrators an unprecedented level of flexibility and system control.

Learn all about the new Integra DRX-8.4 AVR

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