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Snap One Reports Mixed Results for Fiscal ’22 Q4 & Full Year; Forecasts 2023 Resi Decline

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Cover page of Snap One presentation to financial analysts

Red Flags: Residential Market is ‘Softening’; Consumers are ‘Cautious’; Channel Inventory ‘Destocking’

Snap One Holdings Corp. (NASDAQ: SNPO) released their fiscal 2022 fourth quarter and full-year results after the close of the market on Tuesday and held a conference call for investment analysts shortly afterward with more details. The company produced a prodigious amount of data that they suggest shows success in the face of adversity, and forecast a decline in their performance in fiscal 2023.

They also said the industry slowed down in 2022 and will continue to be slow for the first three quarters of 2023.

See more on the latest Snap One earnings report and forecast

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Sonos Launches New Era 300 and Era 100 Smart Speakers Featuring Spatial Audio

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New Sonos Era 300

Sonos (NASDAQ: SONO) announced on Tuesday that it has launched two new smart speakers that implement spatial audio for a more immersive listening experience. The company says these new models are the next-generation of smart speakers, utilizing Dolby Atmos technology to launch “…a whole new chapter in sound and design innovation.” They also call them “revolutionary” and “bold” and the “best experience for out loud spatial listening.”

Learn more about the Sonos Era 300 and Era 100

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Sony Offers Unusual Incentive to Attract Chip Engineers for Expanding Division

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photo of a Sony facility
[Photo: Nikkei]

Sony is looking to make a major investment to fuel even greater growth in its semiconductor business – a hot category right now around the globe. This means they need to hire engineers, dozens of engineers. But one of the consequences of so many companies chasing the semiconductor category is that competition has really been turbocharged for everything…especially engineers.

Now the company thinks it has found the perfect incentive to lock up the best engineers – something that is not nearly as prevalent in Japan as in the U.S.

See what Sony plans to offer to lock up the right engineers

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RoseWater Energy Joins in Local Energy Day Dealer Presentations

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RoseWater Energy founders
The founders of RoseWater Energy Group – Joe Piccirilli, Mario Bottero, and Marco Lorenti

RoseWater Energy Group said today that it is participating in multiple Energy Day education seminars being held by local sales representatives around the country. These events are being held in February and March and provide dealers with an informative half-day education session on the importance of power as the foundation for any home automation or smart home solution.

See more on these RoseWater energy seminars…

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Russound Says ISE 2023 was a Blast

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Charlie Porritt/Russound (L), Mike Blackman/ISE (C), and Pete Baker/Russound Rep (R)

Russound released a statement today from CEO Charlie Porritt who summed up their experience at the recent ISE 2023 event in Barcelona. According to Porritt, the show was “one of the most productive, well-run, and enjoyable trade events to date.” It doesn’t get much better than that…

See more on Russound’s experience at ISE 2023

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These 4 Charts Clearly Reveal the Challenges of Big Tech

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Australian store of Apple, part of Big Tech
An Apple store in Australia [Photo: REUTERS/David Gray]

After years of driving the economy, Big Tech has suddenly hit a rough road. By now you’ve likely heard about layoffs in tech…lots and lots of layoffs. According to Layoffs.fyi, as of this writing, more than 104,000 tech jobs have been lost in just the first six weeks of 2023. But what is behind the struggles of these Big Tech players?

See four charts that explain what’s happening to Big Tech

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End of an Era: Alex Camara Leaves AudioControl

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BREAKING NEWS

AAMP Global announced today that Alex Camara, CEO of AudioControl for the last decade, will leave the company “to pursue new opportunities.” This change in Camara’s status will be effective on March 1, 2023.

Learn more about Alex Camara and AudioControl

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Sonos Q1 Report: Revenue? Flat. Profits? Down. Stock Price? WAY Up. Wait, What?

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Sonos fiscal 2023 Q1 results cover image

Wall Street can be a fickle partner sometimes. Occasionally, a company will turn in a good performance, but its stock value will decline anyway because the performance wasn’t as good as financial analysts had expected. And sometimes, as is the case this time with Sonos’ fiscal 2023 first quarter results, you can turn in poor performance, and your stock value can take off flying – because this time, your performance was not good, but not as bad as the financial analysts had expected.

See more on the Sonos fiscal 2023 first-quarter performance

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Draper Announces Further Expansion of Its Resi CI Sales Team

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Draper@Home residential shading line

Draper, Inc. (Draper), a leading manufacturer of window shades, projection screens, AV mounts, and architectural gym equipment, announced this week that it is further expanding its residential sales team, adding another member covering the southeastern U.S. This makes the team targeted to offering sales and support of the custom integration channel now five dedicated folks strong.

Learn more about the Draper sales team expansion

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Sonance Names New Northeast Rep

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sonance logo

Sonance announced this week that it has appointed well-known manufacturer sales representative firm Strateres as its representative for the New England region. This agreement includes the representation of all of the company’s brands, including Sonance, James Loudspeaker, and IPORT.

Learn more about the Sonance appointment of Strateres

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