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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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In Stinging Rebuke, a Double-Digit Percentage of CEDIA Members Vote No on Slate

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CEDIA boardroom
Boardroom at CEDIA HQ in Fishers, IN

After Obvious Failure of Transparency, CEO Says He’s Learned a ‘Lesson’

On Wednesday, CEDIA Global President and CEO Daryl Friedman sent a letter to all members advising them that the election process for new Board members has been completed – and that the slate of three Board-selected candidates for the three open Board seats has now been filled by Stephan Goodhue, Jennifer Mallett, and James Ratcliffe. The cheery tone of the letter belies the fact that the election process was viewed by many as tainted and has inflamed anger from what seems to be a fairly significant percentage of members who resent losing the opportunity to vote for a candidate of their choice.

However, in this letter, Friedman did allow that “…we need to do a better job of communication.”

See more on the CEDIA letter to members

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Draper Adds Muscle to Residential Push, Promoting Two from Within

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Draper with its Draper@Home division

Draper Inc., a major manufacturer of shades, projection screens, solar control solutions, and more, announced this week a move to build up its management infrastructure to support its push into the residential custom integration channel. As part of this process, it has promoted Chris Sitarov and Pat Herron from within to two new Director of Sales roles overseeing the company’s sales force.

See more on this move by Draper

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AVNation Features Ted Green on Special Episode Discussing CEDIA Board Election Issue

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AVNation graphic on panel where AVNation Features Ted Green

This week, AVNation features Ted Green – me – on a special episode discussing the CEDIA Director Elections taking place right now. As you may know, there was some controversy surrounding this election as CEDIA’s board decided to change the normal election process where association members pick from a selection of nominees to vote on those they want on the Board of Directors. Instead, this year members vote with a simple yes/no on a predetermined slate of candidates selected by the Board’s Governance Committee.

See more on this special AVNation episode featuring me

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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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Layoffs Hit Premium Audio Company as It Right-Sizes Ops; To Skip CEDIA Expo

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Onkyo receiver, part of Premium Audio Company

BREAKING NEWS

Premium Audio Company, a division of VOXX International and operator of brands such as Onkyo, Integra, Pioneer, and Elite, confirmed today that it has instituted a round of layoffs to “right-size” company operations based on current macroeconomic trends. The company has also confirmed that it has decided, for the second year in a row, not to participate in next week’s CEDIA Expo 2022, due to product roadmap cycles.

See more on these Premium Audio Company decisions

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VOXX Int’l Launches E-Commerce Platform Selling Premium Audio Co. Brands

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Voxx Int'l home page

VOXX International Corporation (VOXX), owner of Premium Audio Company (PAC) and many other brands, announced this week that it has launched a new e-commerce platform. This new platform is initially being rolled out at Premium Audio Company – the division that operates brands such as Klipsch, Jamo, Onkyo, Integra, Pioneer, Elite, Magnat, and Heco.

Learn more on Voxx’s top brands being sold through e-commerce

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Former ProSource VP Andy Orozco Named Nationwide Senior VP of CI

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Nationwide Marketing Group logo

Nationwide Marketing Group (Nationwide) continues to hit the accelerator pedal as it seeks to build upon its plans to expand the custom integration segment for the group, first indicated when it acquired another CI-centric group, Azioned Unlimited, back in October of 2021. Now Nationwide is announcing that Andy Orozco, a former top (and long-time) executive with ProSource, has joined the organization as its Senior Vice President of Custom Integration.

See more on Orozco joining Nationwide Marketing Group

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Masimo Names Blair Tripodi as Replacement for Former Sound United CEO Kevin Duffy

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New Masimo W1 smart watch

Tripodi to Head New Masimo Consumer Division

Masimo, a medical products company that acquired Sound United in February 2022, announced on Monday that it is naming Blair Tripodi as Chief Operating Officer (COO) for its new Consumer division. At this time, the Masimo Consumer division consists almost exclusively of the Sound United business. Tripodi moves into the role originally given to former Sound United CEO Kevin Duffy, although Duffy was offered the title of President.

See more on Tripodi’s ascension to COO of Masimo Consumer division

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