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Epidemic Engulfs Emerald Expositions; Reports Massive Q1 Loss of $570.1M

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CFO Admits Company Looking at Possibility of No More Shows in 2020 – and Fewer in 2021

Emerald Holding logo

Emerald Holding Inc., formerly Emerald Expositions Events, Inc. (NYSE:EEX), has released their fiscal 2020 first quarter results and the organization makes no bones about it – it has been hit, and hit hard, by the COVID-19 pandemic. The company announced that in the first quarter of fiscal 2020 – the period ending March 31, 2020 – sales declined 27.4% to $99.7 million and the company had the biggest net loss in its history, losing $570.1 million.

See more on the dire situation at Emerald…

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AXPONA is Canceled; But Its Promoter & Exhibitors are Still Battling

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Joel Davis of JD Events (JDE) announced a little more than a week ago that AXPONA, the high-end audio exposition scheduled to take place in Schaumburg, IL in August, is now canceled. Citing the health and safety of attendees, Davis’ letter said “we do not feel 100% confident that we can provide a safe environment for all of our customers and press…” But in a separate communication to exhibitors, Davis informed them the that JDE was in dire financial straits and unable to return their deposits – further angering the still unhappy AXPONA exhibitors.

See more on the AXPONA turmoil…

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Critically Needed to Protect Crews, The DaVinci Group Sets Up to Supply Dealers PPE

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The DaVinci Group now supplies PPE to dealers

The DaVinci Group (TDG), a specialty supplier of custom integration gear including architectural speakers, amplifiers and more, has taken extraordinary steps to offer their dealers responsibly sourced personal protection equipment (PPE), such that their work crews can safely continue to access job sites and clients’ homes fully protected. An example of creative thinking, TDG used their sourcing prowess to find a reliable resource for a range of PPE gear that is desperately needed by integrators…many of whom report a lack of local supply.

Learn more about this new The DaVinci Group PPE service…

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Fear Factor: Consumers’ Fear Suggests a Slow Recovery from Recession

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Photo from Manhattan showing stores closed due to recession and very few people on the street
[Photo: Juan Arredondo, New York Times]

COVID-19 Recession: Will Rebound be a V…U…or W?

The Coronavirus pandemic has hit America big time. With a head-spinning swiftness, the epidemic swept across the country with ruthless efficiency – first impacting densely populated urban areas (NYC, LA, Chicago), then spreading its tentacles throughout more sparsely populated regions of the country. It has extracted a devastating human toll, striking fear in the hearts of consumers, and brought a once bustling economy to a screeching halt…plunging it into recession.

We have never seen anything quite like this and for business owners and managers…we are truly in uncharted territory. With almost 85% of all Americans now subject to some form of Shelter-In-Place or Stay-At-Home order, everything except essential services, such as grocery stores and pharmacies, has been closed down – and most companies have seen their sales disappear. Will a fearful consumer complicate our recovery from this recession?

See more on what kind of rebound to expect…

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Melrose Suspends Dividends, Cuts Executive Pay

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Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19

Melrose logo

Melrose Industries PLC has announced it will suspend the payment of its usual year-end dividend in the face of the deteriorating economic environment as a result of the global spread of Coronavirus (COVID-19). Melrose, the U.K. turnaround specialist that is parent company of the U.S. based Nortek has taken other actions to adjust operations at its operating companies in the face of COVID-19.

Learn more about Melrose’s actions to adjust to COVID-19…

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Leave Sony for Sound United?? Frank Sterns Senses Opportunity

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Graphic from Sound United website

When news first appeared two months ago that Frank Sterns was making the move from Sony to Sound United, many folks asked…why? At Sony, he was a top executive with a global CE leader positioned at the top of the industry food chain…a backbone-of-the-industry brand…the inventor of many of the core technologies used in just about every home in America today. Yes, Sound United is a global player as well, but in a much more limited way…and focused exclusively in only one area…audio.

Sterns Tells Strata-gee Readers What He Saw at Sound United…

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Savant 2020 Integrator Summit Shows Strength of Strategic Products & Partnerships

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Ring founder Jamie Siminoff at Savant Integrator Summit
Jamie Siminoff, Ring founder

Savant Systems LLC held their 2020 Integrator Summit this year in conjunction with the International Builder Show in Las Vegas, NV on January 20-23. At that event, the company unveiled a large array of new products and new strategic partnerships, showing they intend to retain their innovative edge that has attracted so many integrator fans.

See more on the Savant Integrator Summit…

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U.S. Trade Commission Opens Formal Investigation of Google on Sonos Complaint

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Sonos vs. Google - Google booth at a show in China
[Photo: REUTERS/Stringer]

The U.S. International Trade Commission has announced that it is launching a patent investigation into various speaker and controller products offered by Alphabet Inc.’s Google brand. This investigation initiation is the result of a formal complaint made by Sonos, Inc. who makes similar products that compete with Google, and claims the tech giant stole their technology.

See more on this Sonos – Google development

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RMR – Want Recurring Monthly Revenue But Don’t Know Where to Begin?

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Strata-SERIES RMR Programs

By now, most integrators have heard the siren call that they should launch a recurring monthly revenue program (RMR) to add profits and deepen their relationships with their clients. But to many of them, this is an idea that is easy to say…but hard to do. Quite literally, it can be hard to figure out just where to begin.

There are resources within the industry that can step up and help your integration company offer an RMR or service contract program to your clients. Some of them can even offer to take and handle your service calls on a 24×7 basis. However, those services can be fairly expensive. But one service I’ve learned about, MC Group, tells me that they have assisted hundreds of integrators with an affordable program they call “Turnkey RMR.”

Learn about RMR and MC Group…

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Savant Sister Company Racepoint Energy Acquires NOON Home

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Savant logo

Racepoint Energy, sister company of Savant Systems LLC, announced this week that it has acquired innovative residential lighting control provider NOON Home. Based in Campbell, CA, NOON offers an impressive array of intuitive lighting and intelligent control solutions.

Learn more about NOON & Savant…

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