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Parasound VP of R&D Has Fresh Ideas to Expand the Company & Grow High End

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Parasound VP of Research & Development Darren Myers

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

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WiSA Fiscal ’23 Q3 Revenues Drop 18%, Net Loss Deepens; New Nasdaq Violations

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WiSA graphic of its fiscal 2023 third quarter financial results

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?

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What I’m Listening To: Audio Unleashed

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Audio Unleashed art

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…

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October Housing Starts Show a Surprise Upturn in Construction; But Builder Confidence Declines

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This completed home was once a housing start

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

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Draper Campus Expands with New 100,000 Sq. Ft. Facility

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Overview of the Draper campus

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

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Sonos Q4 & Full Year 2023 Results Show Post-COVID Drop in Demand

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Sonos Q4 and Fiscal 2023 earnings

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

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Snap One Fiscal ’23 Q3 Shows Recurring Story of Sales Decline & Losses Improve

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Snap One earnings report cover

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

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Masimo Says Fiscal ’23 Q3 Results Hit By Tough Post-COVID Trends & Slack Consumer Demand

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Masimo cover page of its Fiscal 2023 Q3 earnings report

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.

Learn more about the Masimo fiscal ’23 Q3 earnings report

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Emerald Reports Fiscal ’23 Q3 Revenues are Up $10M; Profits are Down $82.3M

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Emerald quarterly report cover

Content Biz Declines; Company Announces Restructuring of Content Unit

Noting solid gains in their trade show segment, Emerald Holding, Inc. (NYSE: EEX) management proclaimed satisfaction with their fiscal 2023 third-quarter results. However, while the tradeshow business – the segment containing its CEDIA Expo show – saw a post-COVID increase in attendance and revenues, all was not rosy, as the company reported a dramatic drop in profits. Not only that but continued trouble in its content business – the segment with its CE Pro and Commercial Integrator (and other media brands) properties – saw revenues decline and even forced the company to revise its overall annual financial guidance downward.

See more on CEDIA Expo- and CEPro-owner Emerald Holding’s results

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