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Snap One Sees Q3 Revenues Increase Thanks to Price Increase & More Dealers

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But a 57% Increase in SG&A Expenses Swung the Quarter to a Net Loss

Snap One Holdings Corp. (NASDAQ: SNPO) announced the results for its fiscal 2021 third quarter last week and said that thanks in part to an August 2021 price increase and continued expansion of its dealer base, the company booked a substantial revenue increase to $260.7 million, or 15% higher than the same quarter the year before. However, the company additionally reported a net loss of -$21.5 million, way below the net income of $1.4 million in the quarter last year, due to a significant increase in SG&A expenses.

See more on the Snap One 3rd quarter results

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Residential Tech Today Podcast Features… Ahh…Me, Ted Green!

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Residential Tech Today podcast with Ted Green and Jeremy Glowacki

Residential Tech Today Editor Jeremy Glowacki interviewed Ted Green – yeah, that’s me – for their podcast which is available in both audio-only or audio/video formats. What a weird experience it was for me! I’m used to being the questioner…not the questioned. Especially when you consider the fact that Jeremy and I are friends and talk frequently about everything from the business to family and friends – it was strange when he invited me to be on the podcast and shifted into professional editor mode.

And, he asked real questions – such as why Strata-gee can sometimes be controversial and how I came to this role.

See more on what Jeremy asked during my appearance on Residential Tech Today

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CEDIA 2019 IRS Filing Reveals a $3.7M Deficit; Org Dubs It a Transitional Year

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A past CEDIA Expo
A past CEDIA Expo, now owned by Emerald Expositions

CEDIA recently filed their Form 990 with the IRS – a required filing by non-profits disclosing key financial data – and for the first time in a while, I found some interesting and somewhat confusing things in there. Yes, I obtain the organization’s 990 filings every year just to get a sense of how things are going. Like all of us, the organization is filing for, at best, the previous year and often they request and receive an extension. Hence, we are just now getting a glimpse of their 2019 results…and it was an eye-opener.

See what the CEDIA interim co-CEOs told me about 2019

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New Vanco Introduction Powers Up Your Assortment, Client Satisfaction & Profits

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I recently became aware of the fact that Vanco, the Chicago-based manufacturer of a broad range of mostly accessory products had decided to become a master distributor for a product category that we all need, we all use, and yet to which we pay little attention. It is in this reality, Vanco’s President Mark Corbin tells me, that there lies a tremendous opportunity to better serve our customers and to add meaningful profit to our financials.

See this Vanco solution…

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Azione Unlimited Merges with Nationwide Marketing Group

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Azione logo

Azione Unlimited announced today that it has partnered with Nationwide Marketing Group, a group representing more than 14,000 storefronts made up largely of appliance, furniture, and electronics retailers. While Nationwide may not be an immediately obvious choice as a partner for Azione, the custom integration specialist group maintains that it makes perfect sense as they say integrators must be able “to address all of their clients’ needs, no matter the room in the home.”

See more on the merger of Azione Unlimited and Nationwide Marketing Group

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Crestron Brings the Trade Show to You via the Crestron NEXT Road Trip

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Crestron NEXT logo

BREAKING NEWS Event Kicks Off in November, Starting in Boston & Chicago; More to Follow

I have just learned that Crestron is planning to launch a monster series of regional dealer shows, called the Crestron NEXT Road Trip, that sounds as though they’re going to be spectacular – with new product launches, full product displays & demos, and in-depth educational courses offered. The multi-day event will include huge displays from both the company’s commercial and residential business units in what promises to be quite a show.

See what we know so far about the Crestron NEXT Road Trip

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Savant’s Virtual Expo Delivers a Powerful 1-2 Punch That Just Knocks Me Out

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Online home of the Savant Virtual Expo 2021

As the first and one of the most prominent brands that decided to pull out of the recent CEDIA Expo in Indianapolis last month, Savant based their difficult decision on placing the safety of their employees and customers as their key concern in a time of surging Delta-variant COVID infections. But that decision did not mean that they didn’t want to communicate with their dealers about the many exciting developments at the company. So Savant developed a powerful two-pronged approach (the 1-2 punch I mentioned) to deliver their dealers a better – virtual – trade show.

See more on the Savant virtual tradeshow…

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Nortek Security & Control Acquired by Italy’s Nice

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Nice headquarters in Oderzo, TV, Italy

Nice, a global manufacturer of Smart Home, Security, and Home & Building Automation products based in Italy, announced today that it has acquired Nortek Security & Control – purchased from Melrose plc for $285 million. The move expands Nice’s portfolio and strengthens its North American presence.

See more on this new Italian home for Nortek Control

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After Strata-gee Report on Changes at Kaleidescape, It Releases a Statement

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Kaleidescape Terra 72 terabyte movie server

Last Friday, Strata-gee broke the news that both Cheena Srinivasan and Michael Malcolm, co-founders of Kaleidescape, had left the company recently to pursue new opportunities. (A third co-founder, Dan Collens, left the company back in 2006.) Kaleidescape, the leading media server manufacturer in the upscale residential space, is an important supplier to many custom integrators, so this is a big change. Late Friday, after Strata-gee broke the news of the change, the company put out a formal statement on the situation.

See what Kaleidescape had to say about the exit of the co-founders

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See How This Executive Reignited Growth at a Lagging Trade Media Group

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Alice Schmalzl of CT Lab

A Strata-gist Profile: Alice Schmalzl of CT Lab

A few weeks back while on a work assignment unrelated to Strata-gee, I had the opportunity to meet for the first time Alice Schmalzl, the new Chief Operating Officer (COO) at CT Lab, the company that owns Dealerscope, Connected Design, and the CE Week show. During the course of a lunch meeting lasting over two-hours, Schmalzl was engaging, articulate, thought-provoking, refreshingly transparent, and funny. I found her incredibly smart, with a strong business foundation, and I sensed she possessed a steely inner-toughness. I resolved then and there to interview her for a Strata-gist profile for Strata-gee readers.

Meet Schmalzl and learn of her plans for CT Lab

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