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Sonos in Sustained Struggle Throughout 4Q & Full Year Fiscal 2024

December 5, 2024 by Ted 5 Comments

Sonos 4Q and Full Year Fiscal 2024 results

Sonos, Inc. (Nasdaq: SONO) Chief Executive Officer Patrick Spence did his best to sound upbeat and exuberant recently as he discussed the company’s results for its fourth quarter (4Q) and full year of Fiscal 2024 on an earnings call with financial analysts. Although most expected poor results in the wake of recent challenges, the numbers were particularly rough as the company is struggling against market headwinds in the audio segment, a less-than-satisfying rollout of what it had hoped would be a blockbuster new product in a blockbuster new category (Ace headphones), and most vexingly, from its own self-inflicted wound with a horribly botched app rollout.

Spence faced a tough sell to analysts, even with reduced expectations, as the numbers were quite disappointing.

See the results for 4Q & full-year fiscal 2024 at Sonos

[Read more…] about Sonos in Sustained Struggle Throughout 4Q & Full Year Fiscal 2024

Filed Under: Feature, Financial Tagged With: earnings, Patrick Spence, Saori Casey, Sonos, Sonos Ace, Sonos Arc Ultra, Sonos Sub4

Masimo Responds to ‘Speculative Articles’ on Sound United

November 27, 2024 by Ted 1 Comment

Marantz Grand Horizon speaker from the Masimo Sound United group
Marantz’s just launched Grand Horizon loudspeaker [Click to enlarge]

‘Discontinued Operation’ is a Financial Reporting Designation

Late Tuesday, Masimo’s communications team reached out to Strata-gee to provide a statement designed to counter or otherwise address unspecified “speculative articles” on the recent pronouncement from Masimo CFO Micah Young that the Sound United division may end up being treated as a “discontinued operation” if the Board decides not to spin it off as a publicly-traded company.

Why are people speculating about that? Read on…

See more on the Sound United ‘Discontinued Operation’ controversy

[Read more…] about Masimo Responds to ‘Speculative Articles’ on Sound United

Filed Under: Brands, Feature, Management, Manufacturers, Media, News, Strategy Tagged With: Blair Tripodi, Marantz, Masimo, Sound United

Happy Thanksgiving 2024!

November 26, 2024 by Ted 2 Comments

Happy Thanksgiving 2024!

As another year begins to wind down, it is fitting that we all pause, catch our breath, and reconnect with friends and family. The holidays are a time to relax and unwind…to recharge our batteries, so to speak.

See more of my thoughts as we head into the Thanksgiving break

[Read more…] about Happy Thanksgiving 2024!

Filed Under: General Topics Tagged With: holiday

New Single-Family Home Sales Collapse in October to Two-Year Low

November 26, 2024 by Ted Leave a Comment

Photo of home by Shenandoah Homes

Sales of newly constructed single-family homes dropped to a two-year low in October as rising mortgage rates and persistent high prices impacted the affordability of available homes and served to keep buyers on the sidelines. Some experts also noted that elevated hurricane activity also kept buyers away, especially in the South region.

Get all the details on new home sales in October

[Read more…] about New Single-Family Home Sales Collapse in October to Two-Year Low

Filed Under: Economic Trends, Housing, News Tagged With: inflation, new home sales

J Geiger Shade Maker’s Gamble on New Trial with Lutron Cost It $1.2 Million

November 25, 2024 by Ted Leave a Comment

Photo from lawsuit showing the Lutron bracket (R) looks identical to the J Geiger bracket made by GeigTech (L)
Patented GeigTech (J Geiger) bracket on the left, Lutron copy on the right [Click to enlarge]

Last week, a jury was convened for a special trial to determine reasonable damages in the matter of GeigTech East Bay LLC v. Lutron Electronics Co., Inc. GeigTech, the plaintiff in this case is the manufacturer of motorized shade products marketed under the J Geiger brand, an independent company owned by Savant (and which is not a party to this litigation). Lutron has already been found to have infringed on certain patents held by Geigtech and the original jury’s large damages award was set aside by the judge who found it to be excessive. This new trial was held to determine a more reasonable damages amount.

See the painful result for Geigtech in this new trial

[Read more…] about J Geiger Shade Maker’s Gamble on New Trial with Lutron Cost It $1.2 Million

Filed Under: Feature, Law, Management, Manufacturers, News, Technology Tagged With: GeigTech, lawsuit, Lutron Electronics, motorized shades, patent infringement

AVPro Edge Launches New HDMI Extension Kit With Mind-Blowing 150 Meter Range

November 21, 2024 by Ted Leave a Comment

AVPro Edge AC-EX150-BRK front
AVPro Edge AC-EX150-BKT front [Click to enlarge]

Are you facing a painfully long HDMI cable run and don’t know how you can reliably accomplish that? AVPro Edge has your answer – the AC-EX150-BKT. This new HDMI extension kit breaches new barriers to deliver integrators a mind-blowing range of up to 150 meters. Problem solved…

See more on the AVPro Edge EX150-BKT HDMI extender

[Read more…] about AVPro Edge Launches New HDMI Extension Kit With Mind-Blowing 150 Meter Range

Filed Under: Products, Technology Tagged With: AVPro Edge, HDMI extender

CEDIA Tech & Business Summit – An Impressive Show from a Well-Oiled Machine

November 21, 2024 by Ted Leave a Comment

Badge to enter CEDIA Tech & Business Summit

Last week, I had the opportunity to attend the CEDIA Tech & Business Summit at the Hilton Hotel in Hasbrouck Heights in Northern New Jersey. To my eyes, this was a well-attended event and I was impressed with how the Association has put together a well-oiled machine that shows some real progress in elevating the value of attending a regional industry event like this.

See my thoughts on this 2024 CEDIA Tech & Business Summit in NJ

[Read more…] about CEDIA Tech & Business Summit – An Impressive Show from a Well-Oiled Machine

Filed Under: Associations, Brands, News, Shows & Events Tagged With: CEDIA, Tech & Business Summit

McIntosh Group Acquired by Bose; Does This Deal Make Any Sense?

November 20, 2024 by Ted 16 Comments

Image from Bose website
Bose website

On Tuesday, Bose Corporation – a privately held manufacturer and marketer of a variety of predominantly audio products like headphones, speakers, soundbars and car audio – announced it has acquired McIntosh Group, a high-end manufacturer of electronics under the McIntosh brand and speakers/phono cartridges under the Sonus faber brand. Terms of the deal were not revealed and a buzz has descended around the industry as to whether this is a good thing or a bad thing.

Learn more about Bose acquiring McIntosh

[Read more…] about McIntosh Group Acquired by Bose; Does This Deal Make Any Sense?

Filed Under: Brands, Feature, Financial, News, Strategy Tagged With: acquisition, Bose Corporation, McIntosh, Sonus Faber

Samsung Electronics and Union Finally Reach a Preliminary Agreement

November 14, 2024 by Ted Leave a Comment

NSEU union members in a rally outside of Samsung Headquarters

Samsung Electronics and the largest union at the company have finally reached a preliminary agreement on a new contract that provides for a wage increase as well as other benefit enhancements, the company announced today in Korea. The deal should put an end to any further labor actions. However, it still needs to be ratified by the union membership.

Learn more about this first labor action at Samsung

[Read more…] about Samsung Electronics and Union Finally Reach a Preliminary Agreement

Filed Under: Asian Connection, Management, Manufacturers, News, Strategy Tagged With: labor, NSEU, Samsung, Samsung Electronics, Strike, Unions

Snap One Parent Resideo Releases 3Q/2024 Results; Organic Gains are Modest

November 14, 2024 by Ted Leave a Comment

Resideo 3Q/2024 earnings presentation cover image

Resideo Technologies, Inc. (NYSE: REZI) – the new parent company of residential integration company Snap One – recently released the financial results for its third quarter of fiscal 2024, the 90-day period that ended September 28, 2024. While the overall numbers looked fairly strong with revenues increasing 18% to $1.83 billion with gross profit expansion, when looked at organically, the results show a more moderate revenue growth of 4%.

See more on the Resideo results in 3Q/2024

[Read more…] about Snap One Parent Resideo Releases 3Q/2024 Results; Organic Gains are Modest

Filed Under: Feature, Financial Tagged With: Resideo, Snap One

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‘The New American Home 2025’ Gets Its Smarts & Its Power from Savant

At the International Builders' Show (IBS) in Las Vegas, NV, earlier this year, … [Read More...] about ‘The New American Home 2025’ Gets Its Smarts & Its Power from Savant

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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