Strategy in TECH...
Indy Audio Labs, the company that manufactures the respected high-end high-performance brands Acurus and Aragon, announced this week that it has appointed AWA Reps as its representative for the Great Lakes region. The company, which calls itself “leaders in immersive home cinema processing and amplification” is looking to shine a light on this appointment for dealers in the region.
On Wednesday, Masimo Corporation (NASAQ: MASI) released preliminary results for its Fiscal 2023 fourth quarter and full-year results and issued new guidance representing its outlook for Fiscal 2024. Even though its final results won’t be announced until next month (February) the company has enough information to issue these preliminary results now, giving investors a better picture of how their fiscal quarter and year will end.
Masimo also announced it would change its formulation for future guidance by excluding the extensive costs associated with its litigation with Apple.
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.”
Launching today at CES 2024 is a new company of impressive pedigree that purports to offer Smart Home as a Service (SHaaS) through partnering with large national service providers -potentially scaling the category to a level not seen up to now. OliverIQ shared with members of the media their vision for an entirely new kind of multi-protocol, cloud-based, interoperability-enabling solution that just might change the face of the DIY Smart Home market.
Canada’s The Lenbrook Group announced today that it has spun off its digital media and content-related businesses as a separate unit, independent of its hardware brands. The new unit will be known as The Lenbrook Media Group and is to be headed by former MQA Ltd. CEO Mike Jbara.
A new study on corporate return-to-office (RTO) plans shows that 8 in 10 companies say they will track employee office attendance in 2024. The survey also found that those who fail to follow company policy on in-office attendance will face negative consequences for not complying.
Shelly Group AD (formerly Allterco Robotics), a maker of a range of task-specific IoT devices and smart building solutions under the Shelly brand, announced today that it is launching a new Gen3 series of devices at the upcoming Consumer Electronics Show 2024. Shelly offers an innovative line of devices primarily targeted at the DIY hobbyist market, but devices that are increasingly being embraced by integrators as handy problem solvers in the field.
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.
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.
Fyne Audio, a U.K. manufacturer of advanced high-end audio loudspeakers based in Scotland, has appointed Harmonia Distribution as its distributor for the United States market, effective immediately. Harmonia, formerly known as Upscale Distribution, said in an announcement that it is proud to have been selected by Fyne, a manufacturer that represents a blend of the best of “contemporary and traditional designs.”
