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Will Sonos Ace Help the Company Return Its Business to Growth?

May 21, 2024 by Ted 7 Comments

Sonos, Inc. (Nasdaq: SONO) announced today the long-awaited launch of its secretive new product targeted for a “multi-billion dollar category,” as Sonos CEO Patrick Spence is wont to remind us of frequently. One of the worst-kept, leakiest of launch secrets (probably intentionally so) in the industry, the company announced a new over-the-ear wireless headphone model featuring Dolby Atmos immersive sound and active noise cancellation called Sonos Ace.

But did the company Ace the test for turning around its deteriorating financial performance?

See more on the Sonos Ace headphone

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Sonos Says Q2 Fiscal 2024 ‘Exceeded Our Expectations;’ Revenues -16.9%, Losses +127%

May 16, 2024 by Ted 2 Comments

Sonos, Inc. (Nasdaq: SONO) announced its financial performance for the second quarter of Fiscal 2024, the period that ended on March 30, 2024. The numbers, as we’re seeing more consistently across a wide variety of consumer brands, were rough…really rough. Revenues in the quarter declined a nasty 16.9% and the company’s Net Loss more than doubled, increasing by a scary 127%.

Yet CEO Patrick Spence claimed in a statement that “…we delivered results that slightly exceeded our expectations…” Either they were expecting a really devastating result, or I’ll have whatever he’s having!

See more on the Sonos Q2 Fiscal 2024 results

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Masimo Announces Double-Digit Drop in Revenues & Profits; Reveals Spin-Off Plans

May 9, 2024 by Ted 2 Comments

Company Reveals Initial Plans for Spinning off Sound United Biz

Masimo Corporation (Nasdaq: MASI), yet another company in Tech that reported their financial results for the first quarter of Fiscal 2024 after the close of business on Tuesday, revealed that both revenues and profits had declined double-digit percentages in the quarter. What was remarkable about this result is that Masimo CEO Joe Kiani said in a statement in the release about the Q1 results that the company is “reaching a steady state.”

Investors apparently didn’t see it that way, as shares in MASI stock dropped almost 12% on Wednesday, the next trading day after the announcement.

See more on the Masimo Q1, Fiscal 2024 report

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Throwing Shade – Jury Finds Lutron Guilty of Infringement; Owes J. Geiger $34.6M

April 25, 2024 by Ted Leave a Comment

J. Geiger Shades, a related company to GeigTech, the design was copied by Lutron, the fury says

A Federal jury in the U.S. District Court for the Southern District of New York delivered a verdict against Lutron Electronics Co., finding that it had infringed on a window shade patent held by GeigTech East Bay, a South Carolina company. The jury awarded GeigTech $34.6 million in damages for Lutron’s infringement, a figure that Lutron called “grossly excessive.”

Learn more about Lutron losing to GeigTech

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D-Day Arrives; Control4 Integrators Begin Turning Clients over to Snap One

April 24, 2024 by Ted Leave a Comment

On Tuesday this week, a previously announced program being offered by Snap One – now Resideo – has begun. This program, called Control4 Connect, is a mandatory program that requires all integrators to connect all new client installations of Control4 products directly to Snap One’s central station for future software updates and data collection.

It is a new kind of transactional connection that establishes a direct relationship with the client for direct-to-user system updates and base-level client support supplied – not by the local integrator – but by Control4 support.

See more on this new industry scheme

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After a Hopeful February, March Housing Starts Drop Double-Digit Percentage

April 18, 2024 by Ted Leave a Comment

This is a new home; housing starts declined in March

Residential construction, known as housing starts, dropped in March by a surprising double-digit percentage. Most industry analysts believe that the slowdown is due to stubborn inflation readings motivating the Fed to keep interest rates high which is affecting mortgage rates and home affordability.

After solid gains in February raised hopes in the segment, the March numbers were a chilling splash of reality as home inventory is low and mortgage rates are high.

See more on housing starts in March

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Highly Regarded Exec Frank Sterns to Consult on Custom Integration for Nationwide MG

April 17, 2024 by Ted 1 Comment

Frank Sterns, consultant to Nationwide Marketing Group

Frank Sterns, a well-known and highly regarded (some would say renowned) industry executive, has been retained to consult on custom integration matters with Nationwide Marketing Group. Clearly a sign of just how serious the large diversified Nationwide organization is about targeting custom integration, Sterns brings a wealth of Grade A experience as a leader in the custom integration space.

See more on Nationwide retaining Frank Sterns

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Security Company Resideo Acquires Snap One in $1.4B Transaction

April 15, 2024 by Ted 2 Comments

Will Merging Two Stagnant Businesses Reignite Growth?

This morning we learned that Snap One Holdings, Corp. (Nasdaq: SNPO) has been acquired by large security provider Resideo Technologies, Inc. (NYSE: REZI) and private equity company Clayton, Dubilier & Rice (CD&R) in a $1.4 billion deal. If you aren’t familiar with the Resideo name, you may know them by ADI, their distribution wing.

The deal is expected to close in the second half of 2024.

See more on Resideo / ADI / CD&R acquiring Snap One

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AVA Cinema Remote Now Shipping After Production Glitch Resolved

April 4, 2024 by Ted Leave a Comment

AVA Cinema Remote held by Ted Haeger — *Ted Haeger, AVA Chief Customer Officer showing off the new Cinema Remote [Click to enlarge]*

When it comes to a potentially ground-breaking remote control, good things come to those who wait. But the wait is over and AVA, Inc. has announced it is now shipping its remarkable Cinema Remote, an innovative new remote control design first previewed to dealers at CEDIA Expo 2023. They may have had to wait longer than anticipated due to a manufacturing glitch, but now that is resolved and the product is flowing to the field.

See why this AVA shipping news is newsworthy…

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Chris Kane of AudioControl is Promoted to Vice President for AV Pro Global

April 4, 2024 by Ted 1 Comment

Chris Kane of AudioControl is now VP of NA Residential Sales for AVPro Global

Chris Kane, long-time key executive at AudioControl has been promoted to Vice President of North American Residential Sales for AVPro Global. Sioux Falls, SD-based AVPro Global is a rapidly expanding manufacturer and distributor of top custom integration brands, such as AudioControl, AVPro Edge, Bullet Train, Murideo, and Then Audio.

See more on the advancement of Chris Kane

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