• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About Strata-gee
  • Contact Us
  • Free Newsletter
  • Sponsor Strata-gee
  • Privacy Policy
  • Latest Posts
  • Strategy
  • Technology
  • Products
  • People
  • Statistics
  • Financial
  • Legal
  • Economic
  • Events

Strata-gee.com

Strategy in TECH...

Sonance James Small Aperture Series
You are here: Home / Archives for Financial

Financial

Snap One Reports 2nd Quarter Fiscal ’23 Results; Net Sales Declined, Net Loss Reduced

August 18, 2023 by Ted Leave a Comment

Snap One cover photo

Last week, Snap One Holdings Corp. (Nasdaq: SNPO) released its financial results for the second quarter of fiscal 2023, the 13-week period ending June 30, 2023. The company reported mixed results with a continuing sales decline but with a reduced net loss in the quarter.

See more on the SnapOne 2nd quarter fiscal ’23 report

[Read more…] about Snap One Reports 2nd Quarter Fiscal ’23 Results; Net Sales Declined, Net Loss Reduced

Filed Under: Brands, Financial, Management, Manufacturers, News Tagged With: quarterly earnings, Snap One

Masimo CEO: ‘We are Disappointed with Our Results This Quarter’

August 10, 2023 by Ted Leave a Comment

Masimo slide from their Q2 fiscal '23 quarterly earnings presentation

Masimo Corporation (Nasdaq: MASI) (Masimo) announced the final financial results for the second quarter of fiscal 2023, the 90-day period that ended on July 1, 2023. About three weeks ago, the company released a preliminary report on the quarter, alerting investors to an unexpected drop in revenues. As they predicted, revenues did decline, although not as poorly as they suggested might be the case.

See the actual Masimo results for the second quarter of fiscal 2023

[Read more…] about Masimo CEO: ‘We are Disappointed with Our Results This Quarter’

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

Emerald Expo Shows Big Increases in 2nd Qtr of Fiscal ’23; Revenues Up 21%, Losses Up 1,057%

August 9, 2023 by Ted Leave a Comment

Emerald Holding Inc. cover page of a financial presentation

Mixed Results from Owner of CEDIA Expo and CEPro

Emerald Holding, Inc. (NYSE: EEX) (Emerald) owner of Emerald Expositions, a leading B2B exposition company, as well as the CEDIA Expo, CEPro, and Commercial Integrator media properties, announced its financial performance in the second quarter of fiscal 2023. While results were mixed with both increased revenues and increased losses, the company struck an optimistic tone, saying it is on track to generate $400 million in revenues and $100 million in “Adjusted” EBITDA (a measure of profits) in the current fiscal year.

See more on Emerald’s fiscal ’23 second quarter results

[Read more…] about Emerald Expo Shows Big Increases in 2nd Qtr of Fiscal ’23; Revenues Up 21%, Losses Up 1,057%

Filed Under: Financial, Management, News, Shows & Events Tagged With: David Doft, Emerald Expositions, Emerald Holding Inc., Herve Sedky, quarterly earnings

AudioControl Residential Division Acquired by AVPro Global Holdings

August 1, 2023 by Ted Leave a Comment

Some AVPro Global products

BREAKING NEWS

This morning, AVPro Global Holdings, Inc., a maker of a wide variety of audio/video gear and services, announced it has acquired the residential division of AudioControl from AAMP Global. Like King Solomon, the move “splits the baby” in half along its logical business lines with AVPro Global taking over AudioControl’s residential division, while AAMP Global retains its mobile electronics business.

See more on the AudioControl acquisition by AVPro Global

[Read more…] about AudioControl Residential Division Acquired by AVPro Global Holdings

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: AudioControl, AVPro Global, Jeff Murray

‘There is No Solace I Can Offer;’ VOXX CEO Announces 14% Cut in Jobs

July 25, 2023 by Ted Leave a Comment

VOXX letter to employees

In a letter to employees earlier this month, VOXX International Corp. (Nasdaq: VOXX) CEO Pat Lavelle painted a dark picture of the economic environment the company finds itself mired in, noting its significant sales declines and mounting losses. If you were a VOXX employee reading the opening phrases of this letter, I’m pretty certain a feeling of dread would sweep over you – sensing where this communication is heading.

And you would be right, as later in the correspondence, Lavelle reveals a plan to cut “more than 150 employees” along with a series of other steps to cut costs and lower overhead. And these cuts are on top of the job cuts the company has already implemented in 2022, as it tries again to right the ship.

See more on VOXX management’s missive to employees

[Read more…] about ‘There is No Solace I Can Offer;’ VOXX CEO Announces 14% Cut in Jobs

Filed Under: Financial, Management, Manufacturers, News Tagged With: layoffs, Pat Lavelle, Voxx International

Masimo Stock Value Crashes After Prelim Q2 Warning of Revenue Decline

July 18, 2023 by Ted Leave a Comment

Masimo website

BREAKING NEWS

After the close of markets on Monday, Masimo Corporation (Nasdaq: MASI) took the unusual step of issuing a press release announcing preliminary results for its fiscal 2023 second quarter, the quarter that ended July 1, 2023. The release warned investors that the company expected to report a revenue decline in the quarter…a pretty significant revenue decline. But perhaps even more impactful than that, the company went on to add that it is forced to revise downward its forward guidance for the full Fiscal 2023 annual results. The value of MASI stock crashed nearly 26% in an early evening reading of after-hours trading in the stock.

See more on this surprising announcement from Masimo on Q2 results

[Read more…] about Masimo Stock Value Crashes After Prelim Q2 Warning of Revenue Decline

Filed Under: Financial Tagged With: Joe Kiani, Masimo, Sound United, stock market

Voxx Intl 1st Qtr Fiscal ’24 Results Hit Hard; Premium Audio Sales Drop -32%

July 12, 2023 by Ted 6 Comments

Voxx International website

VOXX International Corporation (Voxx) (Nasdaq: VOXX) reported its financial results for the first quarter of fiscal year 2024 and the numbers were not pretty. The first quarter is the period ending on May 31, 2023, and overall net sales n the quarter dropped by -13.1%, with a net loss increase of 65%. The hardest hit segment was the company’s Premium Audio Company division – home of brands like Onkyo, Pioneer, Integra, Elite, and more – which saw sales collapse by -32%.

Learn more about Voxx Intl’s rough first quarter of fiscal 2024

[Read more…] about Voxx Intl 1st Qtr Fiscal ’24 Results Hit Hard; Premium Audio Sales Drop -32%

Filed Under: Financial, Management, Manufacturers, News Tagged With: Pat Lavelle, Premium Audio Company, quarterly earnings, Voxx International

Audio Research Corp Begins Its Next Chapter as AR Tube Audio Corporation

June 21, 2023 by Ted 9 Comments

Minnesota Judicial Branch logo

The Minnesota District Court for the Fourth Judicial District in the County of Hennepin held a hearing on Tuesday to determine the final disposition of the insolvent Audio Research Corporation which is operating under Assignment for the Benefit of Creditors (ABC) – a form of receivership. The assignee in this case, Patrick Finn of Lighthouse Management Group had executed an Asset Purchase Agreement (APA) with Acora Acoustics and was seeking an order from the judge to approve the APA and the transfer of the assets free and clear of any and all liens to Acora Acoustics.

See more on this end of one era of Audio Research…and the beginning of the next

[Read more…] about Audio Research Corp Begins Its Next Chapter as AR Tube Audio Corporation

Filed Under: Financial, Law, Management, Manufacturers, News, Specialty Tagged With: Audio Research Corporation, Patrick Finn, receivership, Trent Suggs, Valerio Cora

Sonos Cuts Headcount 7%, Looking to Cut Real Estate & Programs

June 14, 2023 by Ted Leave a Comment

Exploded view of Sonos speaker

Is Sonos Exploding?

In a filing with the Securities and Exchange Commission (SEC) on Tuesday, Sonos, Inc. [NASDAQ: SONO] said it will institute a “reduction in force” or headcount reduction of approximately 7% of their employees. While the decision to cut jobs is designed to reduce labor expenses, the execution of the plan is estimated to cost the company somewhere between $11 million to $14 million.

But there was even more in the Sonos filing…

[Read more…] about Sonos Cuts Headcount 7%, Looking to Cut Real Estate & Programs

Filed Under: Financial, Management, Manufacturers Tagged With: layoffs, Sonos

Will Audio Research Corp Actually Be Acquired by Acora Acoustics?

June 7, 2023 by Ted 5 Comments

Audio Research Corp tube amplifier

So much has transpired over the last two weeks in the matter of Audio Research Corp’s status as it operates under Assignment for the Benefit of Creditors, a form of receivership. Several more documents have emerged that serve to shed more light on just precisely what is going on.

See all the latest on the status of Audio Research Corp’s journey to a new owner

[Read more…] about Will Audio Research Corp Actually Be Acquired by Acora Acoustics?

Filed Under: Financial, Management, Manufacturers, News, Specialty Tagged With: Acora Acoustics, ARC, Audio Research Corporation, Patrick Flynn, Trent Suggs, Valerio Cora

  • « Go to Previous Page
  • Page 1
  • Interim pages omitted …
  • Page 7
  • Page 8
  • Page 9
  • Page 10
  • Page 11
  • Interim pages omitted …
  • Page 51
  • Go to Next Page »

Primary Sidebar

Search

Sign-Up for Our FREE Newsletter

loader

Latest Posts

New Housing Starts in June Rebound 4.6% From May, But Remain Below 2024

Permits Issued in June Send a Clear Warning Signal It's a bit of a mixed bag … [Read More...] about New Housing Starts in June Rebound 4.6% From May, But Remain Below 2024

  • Premium Audio Company and Pioneer Corp Formally End Partnership
  • A Tough Task, A Turbulent Time; Yet Manley Labs Owner Overcomes All to Achieve the American Dream
  • Latest Financial Results for Samsung and LG Show Impact of Trade Troubles

Categories

Sponsors

Crestron Register for Expo
AudioControl Single Zone Amps
Sonance James Small Aperture
Savant

Tag Cloud

acquisition Amazon Apple AudioControl B&W Bowers & Wilkins CEDIA CEDIA Expo CES Control4 Core Brands COVID-19 Crestron D&M Holdings Denon Emerald Expositions Foxconn Gibson Brands Gibson Guitar Google headphones Henry Juszkiewicz Hon Hai Precision Industry Co. housing starts Integra Joe Kiani LG Masimo Nortek OLED Onkyo Panasonic patent infringement Pioneer Samsung Savant Sharp smart home SnapAV Snap One Sonos Sony Sound United SpeakerCraft Toshiba

Footer

Got News?

HEY PR & Marketing Pros: Have NEWS for Strata-gee readers?

Send it to: HotNews@strata-gee.com

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Sponsor Strata-gee

Strata-gee Ads

Archives

Translate

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.

Follow Ted Green

  • Facebook
  • X
  • LinkedIn
  • Instagram

Copyright © 2025 Strata-gee.com · The Stratecon Group, Inc. All Rights Reserved · Log in