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Gentex – Soon to be Owner of Voxx, Onkyo & Klipsch – Reports 4Q & Full Year Results

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Gentex CES booth
Gentex at CES

Gentex Corporation (Nasdaq: GNTX) announced its financial results for the fourth quarter (4Q) and full year (FY) of Fiscal 2024. The results spooked investors as the company appeared to be cruising to a solid, probably single-digit growth year through the first three quarters. In fact, the company was predicting a year of record net sales through the first nine months of 2024. Then…the fourth quarter happened…

Analysts on an earnings call had a lot of questions about management’s guidance miss, the reasons for the performance decline at the end of the year, and what the company plans to do with Voxx when the deal finally closes.

See more on the Gentex results for 2024 and what happened in the 4Q…

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Highly Esteemed PR Executive Peter Hoagland Dies

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Peter Hoagland at a past show
[Photo: Courtesy of Secrets of Home Theater & HiFi]

I’m sorry to report that highly esteemed marketing and PR executive Peter Hoagland has died. The cause of his death was Glioblastoma (cancer of the brain), an illness he fought since his retirement four years ago. Hoagland’s 40+ year career in consumer electronics – where he helped an almost uncountable number of brands achieve greater success – has resulted in his influence reaching far and wide throughout our industry. Many industry folks know Peter and know him well, as evidenced by the many tributes to him popping up all over social media.

Learn more about the life of Peter Hoagland

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NASDAQ Warns VOXX It’s Out of Compliance with Listing Rules

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Image of Nasdaq tower

Voxx International Corporation (Nasdaq: VOXX) revealed on Friday that it has received an official notification from the Nasdaq Stock Market LLC (Nasdaq) informing the company that the fact it has failed to timely file its Quarterly Report on Form 10-Q for the period ending November 30, 2024 means that it is out of compliance with Nasdaq Listing Rule 5250(c)(1). The company said it had received Nasdaq’s official compliance notice on January 28, 2025.

See what the Nasdaq warning means for Voxx…

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Director Robert Chapek Resigns from the Masimo Board of Directors

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Robert Chapek, current Masimo director who has resigned

On Friday, Masimo Corporation (Nasdaq: MASI) notified the Securities and Exchange Commission (SEC) that current director Robert Chapek has tendered his resignation from the Masimo Board of Directors. According to the SEC filing, his resignation is effective as of the date of the 2025 annual meeting, an event that has yet to be scheduled.

Learn more about the resignation of Masimo Director Bob Chapek

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Consumer Confidence Drops in January as Consumers Turn Pessimistic

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The Consumer Confidence Index (CCI), one of two major indexes tracking consumer sentiment on the U.S. economy, dropped in January, following what appeared to be a turning point to the negative side in late December. The CCI, a monthly survey of consumers conducted by The Conference Board and widely followed by economists as a reliable gauge that probes consumers’ thoughts on the economy – both in a rating of their present conditions…and in their rating of the near-term future prospects.

What does this unexpected decline mean for the economy?

See more on this drop in the Consumer Confidence Index

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Daisy Adds New Franchise in Ocala, Fl with a Familiar Owner

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The Daisy Ocala, FL team including franchisee Bert Herrero
Bert Herrero (Ocala franchisee), Sean Williams, Jose Zapata (Daisy Ocala) & Suzanne Keoghan (Daisy corporate partnerships & marketing) [Click to enlarge]

Daisy, the new national brand that is both acquiring and franchising custom integration businesses, announced today that it celebrated the Grand Opening of its newest franchise location in Ocala, Florida on January 25th. This new location, owned and operated by Bert Herrero, joins the ever-expanding Daisy universe.

But wait! That name…Bert Herrero…sounds familiar. Isn’t he already a part of the Daisy organization?

Read on to learn the interesting twist in this story

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For Nationwide Groups Azione, Oasys, and Ellipsys…What Will 2025 Bring?

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Nationwide MG CI Groups Oasys, Azione Unlimited, and Ellipsys

Part 2 of My Conversation with Nationwide MG’s CI Division

Note to Reader: This post is the second part of a two-part series. In Part One, each of the directors of the three operating buying groups in Nationwide’s CI Division shared the details of their individual and group progress in 2024. You will want to read – or reread – that post first, as it helps Part Two make more sense.

Nationwide Marketing Group’s Custom Integration (CI) division made serious progress in 2024 as part of the organization’s ambitious Drive to 1,000 plan – seeking to build a collective CI membership of 1,000 dealers strong. In my previous post, the executives instrumental in achieving that progress – Andy Orozco (Nationwide’s Senior Vice President of Custom Integration), Patrick McCarthy (Executive Director, Azione Unlimited), Hank Alexander (Executive Director, Oasys Residential Technology Group), and Chris Whitley (Executive Director, Ellipsys Commercial Technology Group) – shared the highs and lows of building a business the likes of which we’ve never before seen. Now they share their plans for 2025…

See more on NMG CI Division plans for 2025

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After Year-and-a-Half Fight, All Claims are Dismissed in Snap One vs AVA

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Graphic showing AVA, Josh.ai, and Snap One

Snap One vs Josh.ai Lawsuit Continues

Strata-gee has learned that the U.S. District Court in the District of Utah has granted a Joint Motion to Dismiss all claims between Snap One, LLC (now part of Resideo) and AVA, Inc. The motion is the result of a negotiated settlement between the parties. This solves one-half of a lawsuit originally filed in August 2023 between Snap One, LLC (plaintiff) versus AVA, Inc. (defendant), and Josh.ai, Inc. (defendant).

Josh.ai is not part of this settlement so that case carries on.

Learn more about the settlement between Snap One and AVA

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Now Part of Bose, McIntosh Group Terminates Independent Sales Reps

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Image of McIntosh and Bose products

In the wake of its acquisition by Bose last November, I have learned that there has been a significant shift in McIntosh’s go-to-market strategy. Multiple sources are reporting that McIntosh Group has terminated all independent manufacturer sales representatives. This move appears to contradict statements made by a Bose executive during the original announcement of its acquisition of McIntosh in November.

Learn more about McIntosh terminating its sales representatives

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AVPro Global Selects Loel Wheeler for Murideo VP of Sales

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Loel Wheeler new head of Murideo for AVPro Global

AVPro Global Holdings LLC, a company holding a diversified portfolio of top custom integration brands, such as AudioControl Pro, Murideo, Bullet Train, and more announced on Monday that it has selected Loel Wheeler to be its Vice President of Sales for Murideo – the company’s testing and measurement tools division.

Learn more about Loel Wheeler as VP of Sales at Murideo

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