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You are here: Home / Archives for Financial

Financial

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

November 10, 2022 by Ted 2 Comments

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

[Read more…] about Masimo Corp., Parent of Sound United, Announces Mixed Fiscal ’22 Q3 Results

Filed Under: Financial, News Tagged With: Masimo, Sound United

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

November 8, 2022 by Ted Leave a Comment

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

[Read more…] about Emerald Reports Q3 Results; Its Relief is Palpable w/COVID Finally Behind Them

Filed Under: Financial, Management, News, Shows & Events Tagged With: COVID, Emerald Expositions

WiSA Technologies Puts Up a ‘For Sale’ Sign

November 3, 2022 by Ted Leave a Comment

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

[Read more…] about WiSA Technologies Puts Up a ‘For Sale’ Sign

Filed Under: Associations, Brands, Financial, Manufacturers, News, Pivot Point, Tech Trends, Technology Tagged With: wireless speakers, WiSA

Snap One Acquires Parasol Remote Support Service

October 27, 2022 by Ted Leave a Comment

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

[Read more…] about Snap One Acquires Parasol Remote Support Service

Filed Under: Financial, Service Tagged With: Greg Simmons, Henry Clifford, John Heyman, Parasol, Snap One, SnapAV, Ted Bremekamp

Masimo Acquisition of Sound United Spurs Ugly Activist Shareholder Lawsuit

October 26, 2022 by Ted 7 Comments

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.

[Read more…] about Masimo Acquisition of Sound United Spurs Ugly Activist Shareholder Lawsuit

Filed Under: Financial, Manufacturers, News, Strategy Tagged With: Joe Kiani, Masimo, Politan Capital Management, Quentin Koffey, Sound United

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

October 13, 2022 by Ted Leave a Comment

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

[Read more…] about VOXX Intl, Owner of Onkyo & Others, Reports Fiscal ’23 Q2 Sales Decline, $11M Net Loss

Filed Under: Brands, Financial, Management, Manufacturers, News Tagged With: Integra, Onkyo, Premium Audio Company, Voxx International

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

October 12, 2022 by Ted 1 Comment

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

[Read more…] about CEDIA Expo Gives the Cold Shoulder to Any Media Not Named CE Pro

Filed Under: Financial, Industry Trends, Management, Media, News Tagged With: CEDIA Expo, Emerald Expositions

Data Suggests Inflation-Impacted High-Income Consumers are ‘Trading Down’

August 17, 2022 by Ted 2 Comments

consumers are 'trading down' to high value products
Via CNBC [Photo: Joe Raedle | Getty Images}

High-Income Consumers are ‘Trading Down’ to High-Value Products

Walmart surprised analysts in its latest earnings report for its fiscal second quarter. After having issued a warning last month that its profit may drop as shoppers were feeling the effects of high inflation and focusing purchases on necessities like food rather than discretionary (and more profitable) items such as electronics. But on Tuesday, the company reported solid revenue increases and although earnings tightened a little, they still beat analysts’ forecasts.

In a tough economic environment for retailers, how did they do it? The company says they are attracting more middle- and high-income shoppers. These high-income consumers are ‘trading down’ – an effect that has been discovered in past times of economic slowdowns and recessions. And it seems to be happening now…

Read more about high-end customers trading down

[Read more…] about Data Suggests Inflation-Impacted High-Income Consumers are ‘Trading Down’

Filed Under: Consumer Trends, Financial, News Tagged With: consumer, luxury market

Masimo Quarterly Report Offers a First Look at Sound United Numbers & Future

August 11, 2022 by Ted 1 Comment

Joe Kiani, Masimo CEO

Masimo Corporation (NASDAQ: MASI), a global designer and producer of medical products and associated services that recently acquired Sound United, reported its second quarter fiscal 2022 results this week. With this filing, we get to see real data on the size and performance of Sound United, which the company acquired in April.

Learn more on the Masimo report, including the Sound United results

[Read more…] about Masimo Quarterly Report Offers a First Look at Sound United Numbers & Future

Filed Under: Financial, Manufacturers, News, Strategy Tagged With: Joe Kiani, Masimo, Sound United

Sonos Surprises Wall St.; Stock Value Drops >18% in After-Hours Trading

August 11, 2022 by Ted 4 Comments

Sonos Q2 2022

Consumer Biz Softens, Revises Forecasts Downward, CFO Departs

Wall Street hates surprises, especially when public companies fail to hit analysts’ estimates and when the company is forced to cut previously issued financial estimates based on a deteriorating macroeconomic environment. Sonos hit a surprisingly sour note in its report today on fiscal 2022 third-quarter results – soundly missing expectations, cutting forward guidance on future results, and announcing the CFO is leaving the company. The result of this terrible trifecta of bad news? Sonos stock dropped as much as 20% in after-hours trading.

See more on Sonos’ third quarter report

[Read more…] about Sonos Surprises Wall St.; Stock Value Drops >18% in After-Hours Trading

Filed Under: Financial, Manufacturers, News Tagged With: quarterly earnings, Sonos

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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