Nationwide Marketing Group’s Oasys Residential Technology Group division reported this week that its membership has grown “over 100%” in 2023, a remarkable achievement in a relatively short period of time. It also propels the overall organization towards its publicly stated goal of achieving a total of at least 1,000 custom integration members across its three brands as part of its “Drive to 1,000,” first announced in March this year.
Darren Myers doesn’t look like your typical audio electronics engineer. He also doesn’t sound like a typical audio engineer. A young guy with fresh ideas…maybe they make sense, maybe they don’t…I had an unusual, thought-provoking, and even at times surprising conversation with Darren Myers, Parasound’s Vice President of Research and Development.
See what Myers thinks about the revitalization of Parasound and what he believes is an exciting and expanding future for the entire high end audio industry.
Check out my conversation with the top engineer at Parasound[Read more…] about Parasound VP of R&D Has Fresh Ideas to Expand the Company & Grow High End
Earlier this month, WiSA Technologies released its Fiscal 2023 third-quarter earnings report and it was not a pretty picture. Still, company CEO Brett Moyer struck an optimistic tone and said its results were “better than expected.” Then he shifted attention to a focus on the company’s latest WiSA E technology which he suggests is making huge positive gains that point to a brighter future.
Can investors ignore the messy present financial condition…to hold on for a – maybe – brighter tomorrow???
Is WiSA delusional…or on to something?[Read more…] about WiSA Fiscal ’23 Q3 Revenues Drop 18%, Net Loss Deepens; New Nasdaq Violations
The holidays are upon us and it is a good time to pause and reflect on the truly important things in life. See my short message below on Thanksgiving 2023…
My thoughts this Thanksgiving[Read more…] about Happy Thanksgiving 2023!
Some of you may know that I health walk most mornings. I am always listening to something during these walks, which average 2-3 miles a day. Often, I’m listening to music. (Did you know that I was formerly a professional musician?) But I also listen to several different podcasts, and today I want to share with you one that I enjoy and I think you will too. That podcast is Audio Unleashed.
See why I like Audio Unleashed…[Read more…] about What I’m Listening To: Audio Unleashed
Is this the beginning of a new trend? After a notable jump in September, which some suggested may have been a bit of a fluke, residential construction – known as housing starts – actually surprised some industry analysts by jumping again in October. And while the amount of increase was more modest, that there was another month of increase may indicate the beginning of a new trend. Yet other data calls into question just where residential construction is heading. Read on to see that data…
See more on housing starts in October & declining homebuilder confidence[Read more…] about October Housing Starts Show a Surprise Upturn in Construction; But Builder Confidence Declines
Draper, Inc. announced this week that it has added a new 100,000 sq. ft. building to its campus in Spiceland, Indiana. This is its tenth building and this addition brings the company’s total footprint in Spiceland to no less than 500,000 sq. ft.
Learn more about this expansion by Draper[Read more…] about Draper Campus Expands with New 100,000 Sq. Ft. Facility
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 Demand
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 Improve
Double-Digit Percentage Declines in Revenues & Profits
Without a doubt, Fiscal 2023 has been a challenging year for Masimo in many ways. And this week, as the company reported its results for the third quarter (Q3) that ended on September 30, 2023, that reality couldn’t be any clearer. With revenues down 13% and net income down more than 72%, about all the company could say is – wait until next year…it is going to be great.