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Gentex, Owner of Onkyo & Klipsch, Reports 1Q/2025 Results; Sales & Profits Declined

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Gentex CES 2025 booth

Gentex Corporation (Nasdaq: GNTX), the new owner of Voxx, Premium Audio Company, Onkyo, Integra, and Klipsch reported the financial results for its first quarter of fiscal 2025 – the period that ended on March 31, 2025. Note that these results do not include the Voxx et. al. acquisition in its numbers, as that merger did not close until April 1, 2025. Gentex reported declines in sales, gross profit dollars, income from operations, and net income.

And all that happened before the new tariffs launched by the Trump administration took effect in full force.

Learn more about the Gentex results in the first quarter of 2025…

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ListenUp Acquires Timberline Audio Video, Establishing Its Fifth Location

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ListenUp Colorado Springs location

Well-known Denver, CO-based custom integration dealer ListenUp announced that it has acquired Timberline Audio Video based in Loveland, Colorado. This is now the fifth location for the company as it continues to grow its regional footprint, expanding its ability to serve even more clients throughout Northern Colorado and Southern Wyoming.

Learn more about this ListenUp acquisition of Timberline Audio Video…

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Latest Masimo SEC Filing Shows Fresh Approach – Heavy on Disclosure & Pro Management

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Masimo Schedule 14A filing with the SEC
Fan…TAB…ulous! The colored tabs mark significant sections I discovered in the DEF14A filing

Masimo Corporation (Nasdaq: MASI) latest filing with the SEC continues to project an undeniable shift in style that is sure to please investors. The filing, a Schedule 14A (DEF14A) filing with information for shareholders in advance of the April 29, 2025, Annual Meeting of Stockholders, is absolutely stuffed with information on its new management, new goals, new policies, and new shareholder-friendly approach to running this business.

It also had plenty of tasty tidbits for those curious as to what is going on at the company.

See more on this latest filing by Masimo…

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Gentex Closes on Acquisition of Voxx International Corp

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Gentex image from website

Embarks on a New Era of ‘Transformation’

On Monday, March 31, 2025, Voxx International Corp. held a special meeting of stockholders who voted “overwhelmingly” in favor of the final closing of its acquisition by auto parts maker Gentex. According to an announcement by the company, “With all regulatory and stockholder approval obtained and all closing conditions met” the transaction is now closed and Gentex now owns Voxx lock, stock, and barrel.

See more on Gentex closing the deal to acquire Voxx…

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SAVI Controls and OliverIQ Merge to Create SAVI iQ

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SAVI iQ logo and app image

Carrollton, TX-based commercial solutions provider SAVI Controls and South Jordan, UT-based residential smart home-as-a-service (SHaaS) provider Oliver IQ announced today they were entering into a “strategic merger.” The merged entity will now be known as SAVI iQ and seeks to be the “first AI-driven, cloud-based automation and support platform for commercial and residential markets, engineered to accelerate growth for integrators and service providers.”

See more on SAVI iQ…

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Is Sonos Adrift and Directionless? Or On the Right Track?

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Exhibit F Sonos Motion

Recent developments and reporting within the last week seem to suggest that Sonos, Inc. (Nasdaq: SONO) is adrift and directionless as its new Interim CEO tries to right the ship. It has even canceled its next big product introduction. Is the company flailing? Or is it finally getting its act together?

See more on the recent Sonos reporting…

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Seeking to Replace the Loss of ProSource, Premium Audio Company Turns to NATM

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NATM member ABC Warehouse
From the NATM website [Click to enlarge]

Premium Audio Company (PAC), a subsidiary of Voxx International Corporation (Nasdaq: VOXX) and soon to be a subsidiary of Gentex Corp. (Nasdaq: GNTX), announced that it is entering into a “strategic partnership” with the National Alliance of Trade Merchants (NATM). PAC calls NATM “a leading national buying co-op of top independent retailers in the United States.” The move appears to be a pretty transparent effort to replace sales volume lost when major buying group ProSource dropped all PAC brands from its list of supported products.

Is this new partnership a good alternative? Read on…

See more on Premium Audio Company partnering with NATM

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Sony Donates $7.5 Million to NYU to Create the Sony Audio Institute

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A photo of NYU which is partnering with Sony
NYU Steinhardt campus [PHOTO: Gabriela Bhaskar for the NY Times]

On Tuesday, New York University (NYU) and Sony Corporation announced a new partnership to establish the Sony Audio Institute, which is “…a multifaceted partnership at NYU’s Steinhardt School of Culture, Education and Human Development.” Sony has donated $7.5 million to create the institute, which is expected to launch this spring.

See more on the new Sony Audio Institute at NYU

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Making History: Sony Names Lin Tao as CFO, The First Woman to Ever Hold the Position

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A photo of Lin Tao, the first woman ever named as Sony CFO
[PHOTO: Nikkei]

There is a major shakeup in the executive management team at Sony Group that will take effect at the beginning of the next fiscal year, which, as is true for most Japanese companies, starts on April 1, 2025. These are big changes to important roles, including Chief Executive Officer, Chief Financial Officer, and President.

But the change that most Sony employees are buzzing about is the person that was named as its new CFO.

See more on the new Sony CFO and why this appointment is so epic

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