Strata-gee.com

Strategy in TECH...

You are here: Home / Archives for Financial

Financial

MQA Limited Enters ‘Administration’ in U.K.; Similar to Chapter 11 Bankruptcy

by 19 Comments

BREAKING NEWS

MQA Limited, the company that invented and markets the Master Quality Authenticated digital music system said to deliver lossless high-res streaming music, has entered “administration” in the U.K. Administration is a form of bankruptcy or protection from creditors similar to Chapter 11 bankruptcy here in the U.S. In the U.K., administration offers an insolvent company time to reorganize, develop a new plan, and – with stakeholder and government approval – an opportunity to exit bankruptcy.

Learn more about this dramatic development with MQA

[Read more…] about MQA Limited Enters ‘Administration’ in U.K.; Similar to Chapter 11 Bankruptcy

Japan-Based OLED Manufacturer JOLED Files for Bankruptcy

by Leave a Comment

Photo of JOLED factory

JOLED, a Japanese manufacturer of OLED-based panels and products that was formed by the merger of the OLED divisions of both Panasonic and Sony, filed for bankruptcy protection in the Tokyo District Court on Monday. According to the filing, the company reported that it has debts totaling ¥33.7 billion ($257 million).

Learn more about the bankruptcy of JOLED…

[Read more…] about Japan-Based OLED Manufacturer JOLED Files for Bankruptcy

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

by 2 Comments

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

[Read more…] about WiSA Edges Closer to the Abyss; Auditors Note ‘Substantial Doubt’; New Nasdaq Delisting Notice

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

by Leave a Comment

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

[Read more…] about In a Shocking Reversal, Judge Grants Dish Motion; Throws Out Jury Verdict

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

by Leave a Comment

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

[Read more…] about A Jury Finds that Dish Network Must Pay $470M for Patent Infringement

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

by 1 Comment

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

[Read more…] about Snap One Reports Mixed Results for Fiscal ’22 Q4 & Full Year; Forecasts 2023 Resi Decline

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

by Leave a Comment

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

[Read more…] about With COVID Behind Them, Emerald Expo Reports Improved Results in Fiscal ’22

Masimo Hails ‘Momentous Year’ in Fiscal ’22 with Revenue Gains From Sound United Acquisition

by 2 Comments

Image from Masimo quarterly earnings presentation

But Was It Truly a Momentous Year?

On Tuesday, Masimo Corporation (Masimo) (NASDAQ: MASI) announced the results for its fiscal 2022 fourth quarter and full-year periods. Calling 2022 a “momentous year” for the company, management noted strong revenue growth – mostly from its acquisition of Sound United – as well as several adjusted figures exceeding forecast.

Learn more about Masimo’s results and see what they said about Denon and Marantz performance…

[Read more…] about Masimo Hails ‘Momentous Year’ in Fiscal ’22 with Revenue Gains From Sound United Acquisition

Once Again Moody’s Downgrades the Credit of AVDG Parent Guitar Center

by 1 Comment

Photo of Guitar Center store in Manhattan. Guitar Center owns AVDG
Guitar Center in Manhattan

Moody’s Investors Service (Moody’s) announced recently that it has once again downgraded the overall credit rating of Guitar Center Inc. – the owner of custom integrator Audio Visual Design Group (AVDG). The agency has dropped its creditworthiness from B2 to B3. Not only that, Moody’s notes that it has additionally downgraded the company’s rating on a specific item – its senior secured note – to Caa1 from B3. The outlook for the near term is said to be “stable.”

This is yet a new chapter in a long-troubled private equity-owned company swimming in debt and trying to grow itself out of trouble.

See more on Moody’s analysis of Guitar Center/AVDG…

[Read more…] about Once Again Moody’s Downgrades the Credit of AVDG Parent Guitar Center

UEI – This May be the Canary in the Coal Mine We Need to Pay Attention To

by Leave a Comment

A slide from a UEI investor presentation

Universal Electronics, Inc. (UEI), (NASDAQ: UEIC) released the results of their fiscal 2022 fourth quarter (Q4) and full year (FY) at the end of last week and their mixed performance was not well received by investors skittish over the economic outlook for 2023. Although gross margins improved slightly for the fourth quarter, for the full year gross margins declined, revenues were down, operating income declined, and the company saw its net income dramatically lowered.

UEI is one of the companies I watch as it can give a sense of the changing economic outlook for the overall consumer electronics market. And that fact makes this latest report a little troubling.

Learn more about UEI’s results for fiscal 2022…

[Read more…] about UEI – This May be the Canary in the Coal Mine We Need to Pay Attention To