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Major Transition Hits Specialty Stalwart Parasound as Founder Retires

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Parasound Halo JC1+ amplifier
Parasound Halo JC 1+

Parasound is a unique company. A long-time specialty segment stalwart, the company has been delighting audio enthusiasts for more than forty years! That is no small achievement when you consider the twists and turns of the specialty segment over that time frame.

And the credit for that success is largely due to the commitment to quality – and, frankly, just the bulldog temerity – of founder and CEO Richard Schram. So it is a development worthy of note that, yesterday, Schram announced his retirement from the company and its sale to a new owner.

Learn more about Schram’s retirement and Parasound’s transition to new ownership

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WiSA Raises $7.6 Million in Public Offering; Takes Down ‘For Sale’ Sign & Launches App

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WiSA Technologies, Inc. (NASDAQ: WISA), “a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems,” announced recently that it has successfully closed on a $7.6 million public offering…breathing new life into the struggling organization. The offering was made pursuant to an S-1 filing with the SEC, which declared the registration as effective on November 29, 2022.

See more on this news from WiSA Technologies…

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Why is Snap One Stock Dropping to New 52-Week Lows Recently?

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slide from Snap One earnings report

Snap One (NASDAQ: SNPO), a major player in the custom integration/smart home channel, recently reported its fiscal 2022, third-quarter results last month, showing both revenue gains and reduced losses. The company says sales are slowing and they revised their forward-looking guidance for yearly performance downward.

Since this earnings report was released, the value of Snap One stock has really struggled, dropping 19% and setting several new 52-week lows.

See why Snap One stock struggles in the wake of their Q3 performance report

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Masimo Corp., Parent of Sound United, Announces Mixed Fiscal ’22 Q3 Results

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Masimo graphic from investor materials

Masimo Corporation (NASDAQ: MASI), the parent company of Sound United, announced its financial results for fiscal 2022, third quarter this week, which covers the 90-day period ending on October 1, 2022. Results for the company, which makes and sells medical equipment and AV products, were mixed, showing good growth in revenues (sales) but a decline in earnings (profits).

Why were results mixed? Read on…

See more on the earnings report by Masimo

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Emerald Reports Q3 Results; Its Relief is Palpable w/COVID Finally Behind Them

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Emerald Q3 Fiscal 2022 results cover

Owner of CEDIA Expo and CEPro Reports Recovery from COVID Era

Emerald Holding, Inc. (NYSE: EEX), parent company of Emerald Expositions, a large B2B trade show, conference, and event company, reported the financial results of its fiscal third quarter and you could almost feel the relief of a company rapidly climbing its way out of the deep hole into which COVID-19 had thrust them. I follow Emerald’s results because the company owns the CEDIA Expo trade show, as well as CE Pro and other media properties that participate in the custom integration industry.

See more on Emerald’s Q3 results

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WiSA Technologies Puts Up a ‘For Sale’ Sign

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WiSA Technologies home page

On Monday, WiSA Technologies, Inc., a “developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems,” announced that it has hired an advisor to aid them in moving forward with an “exploration of strategic alternatives” for the company.

In other words, it is putting itself up for sale.

See more on WiSA looking for a buyer

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Snap One Acquires Parasol Remote Support Service

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From the Snap One website

In a move that was widely anticipated, Snap One announced this week that it will acquire Parasol, a remote support service that since its launch has been based on Snap One’s OvrC system. The company says that this acquisition will result in “creating new opportunities for Snap One Partners to focus on running their business while increasing profitability, productivity and service levels to their customers.”

Learn more about Snap One’s acquisition of Parasol

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Masimo Acquisition of Sound United Spurs Ugly Activist Shareholder Lawsuit

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Masimo home page

Will Sound United End Up on the Chopping Block as One of Kiani’s Follies?

Politan Capital Management LP filed an amended Schedule 13D to report to the Securities and Exchange Commission (SEC) two important actions the activist investment company had recently taken. One of those actions was that it had increased its holdings of Masimo Corporation (NASDAQ: MASI) to 4,648,869 shares or nearly 9% of the company’s outstanding shares – making it a significant owner. And the second action? Politan has filed a “Verified Complaint” against the company and its Board of Directors – and boy, that complaint is a doozy!

See the details of Politan’s lawsuit against Masimo Corp.

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VOXX Intl, Owner of Onkyo & Others, Reports Fiscal ’23 Q2 Sales Decline, $11M Net Loss

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VOXX International Corporation (NASDAQ: VOXX) announced its financial results for the second quarter of fiscal 2023 this week and they were quite sobering. Not only did revenues decline by double digits, but the company had a dramatic increase in net loss to nearly $11 million.

What went wrong?

See more on VOXX Intl’s fiscal Q2/2023 results

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CEDIA Expo Gives the Cold Shoulder to Any Media Not Named CE Pro

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CEDIA Expo

It’s a remarkable event when someone can claim a legitimate first. In all my years in this crazy Tech business, those firsts are getting fewer and further between. But Emerald Expositions, owner of the CEDIA Expo trade show can claim a legitimate first that I have never seen before from any show. They gave the cold shoulder to any media organization not named CE Pro.

Usually, shows want good media relations across the board with happy media writing positive stories and building an upbeat buzz about their event. Not Emerald…they are quite satisfied to help just one media outlet to run positive stories about their event…their very own CE Pro.

See how Emerald and CEDIA Expo give the media the cold shoulder

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