On Tuesday, Sonos, Inc. [Nasdaq: SONO] reported its first quarter, fiscal 2024 results for the period that ended December 30, 2023. While the actual numbers were a bit of a mixed bag with revenues down – even though the company embarked on a strong holiday promotional push – the company booked strong gross profit improvements and generated more cash beating Wall Street estimates. This resulted in a big jump in its share price on the next trading day.
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Mango Power E Sounds Like an Energy Drink But It’s a Tasty, Eco-Friendly, Portable Power Station
Integrators Will Want to Sell It to Clients and Use It in Their Businesses
Sometimes, those things most valuable in life – like air, for example – are unimportant to us until that moment we need it. For example, it does not occur to us that we rely on a safe, efficient, clean source of power until a big storm – a hurricane, tornado, forest fire, etc. – cuts it off. Mango Power offers a portable battery/inverter power station that will protect your access to clean battery-generated AC power…enough power to get you through most events…as well as enhance many other activities.
Learn more about the Mango Power E solution
[Read more…] about Mango Power E Sounds Like an Energy Drink But It’s a Tasty, Eco-Friendly, Portable Power StationVOXX Reports Fiscal ’24 Q3 Results, Cites a ‘Slowing’ Economy & ‘Continued Softness’
VOXX Stock Loses Over 12% of Its Value the Next Trading Day
After the close of markets on Tuesday, VOXX International Corporation (NASDAQ: VOXX) released its Fiscal 2024 third-quarter financial results for the period ending November 30, 2023. Citing continued challenging macroeconomic conditions in 2023, the company reported that its third-quarter sales declined 5.4% and net income dropped 74.3%. CEO Pat Lavelle, who was participating in an analyst conference call on its earnings by phoning in from CES 2024, started his presentation somberly, saying to analysts that, “2023 has been tough for everyone, not just Voxx. Our entire industry has had a very challenging year.”
Learn more from the VOXX fiscal ’24 3rd quarter earnings report
[Read more…] about VOXX Reports Fiscal ’24 Q3 Results, Cites a ‘Slowing’ Economy & ‘Continued Softness’Happy New Year 2024
Happy New Year to Strata-gists everywhere! As we close the chapter on 2023, a challenging year of transition for the country and for Tech, we look forward to a bigger and better 2024.
See my Happy New Year 2024 message
[Read more…] about Happy New Year 2024Themes That Were Key in ’23 on Strata-gee
Wow! It’s crazy that 2023 is now just about behind us, and what a dramatic and dynamic year it was! What were the key themes of the year? At the beginning of the year, I think most would say their greatest concern was the economy and their least concern was the tech industry. Yet the year turned out to be almost the exact opposite of that.
See more on the themes that were key in ’23 on Strata-gee
[Read more…] about Themes That Were Key in ’23 on Strata-geeHappy Holidays 2023!
It’s the most wonderful time of the year! Or so the song goes… With 2023 now almost in the books, it is time for all of us to take a much-needed holiday break. But first, let’s talk about the year now ending.
See my 2023 Holiday message…
[Read more…] about Happy Holidays 2023!Sonos Q4 & Full Year 2023 Results Show Post-COVID Drop in Demand
Fiscal 2023 Total Sales Drop 6%…Installer Sales Decline 7%
After the close of markets on Wednesday, Sonos released its Fiscal 2023 fourth quarter (Q4) and full-year results. As one of the industry’s top consumer brands, Sonos’ latest quarterly and full-year earnings put the post-COVID strain in full display as the company was hit with both sales and profit declines even though it took aggressive steps to adjust to an adverse consumer market.
The company says loyal customers are its greatest buffer against macroeconomic headwinds, but those headwinds were particularly daunting in 2023.
See more on the Sonos Fiscal 2023 Q4 and Full Year results
[Read more…] about Sonos Q4 & Full Year 2023 Results Show Post-COVID Drop in DemandSnap One Fiscal ’23 Q3 Shows Recurring Story of Sales Decline & Losses Improve
Company Still Pitches ‘Destocking’ & ‘Descoping’
Last week, Snap One Holdings Corporation (Nasdaq: SNPO) reported its Fiscal 2023 third-quarter results, and it seemed to me like we’ve seen this movie before. In a nutshell, the company’s net sales declined and its net losses decreased. These are virtually the same trends we saw last quarter (Q2) and even the quarter before that. In fact, the company first talked about elements of these trends in the fourth quarter of 2022.
Learn more about the Snap One fiscal ’23 Q3 results
[Read more…] about Snap One Fiscal ’23 Q3 Shows Recurring Story of Sales Decline & Losses ImproveVOXX Intl Fiscal ’24 2nd Quarter Results Echo 1st – Sales Down, Losses Up
Company Touts Sequential Improvement, Expense Control, New Investor
VOXX International Corporation (Voxx) (NASDAQ: VOXX), a manufacturer and distributor of a wide range of automotive and consumer electronics products, late on Tuesday released its second quarter of fiscal 2024 financial results for the period ending August 31, 2023. These results mostly echoed those of its first quarter and the company says it is still dealing with multiple negative macroeconomic factors such as a durable drop in consumer spending, inflated retail inventories, a UAW strike, and remaining supply chain challenges. However, the results in the second quarter were slightly more moderate than in the first quarter and there was a modest improvement on a sequential basis.
See more on the VOXX Q2 results and what it says it is focused on
[Read more…] about VOXX Intl Fiscal ’24 2nd Quarter Results Echo 1st – Sales Down, Losses UpHere are My Top Stories from CEDIA Expo 23
Well, another CEDIA Expo is in the books and we return to our daily duties and launch into a new Fall season full of promise…and concerns. What were the big stories of this year’s edition of Emerald’s (a public, for-profit company that owns the show) CEDIA Expo? Well, I’ve scanned several summations from others in the media and it almost seems like we attended different Expos. Here’s what I think they are…