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Walt Zerbe Leaves CEDIA to Join Perlisten Audio as Director of Global Business

March 4, 2025 by Ted Leave a Comment

Walt Zerbe, Perlisten Director of Global Business

In an announcement seen on LinkedIn, Perlisten Audio announced that it has appointed Walt Zerbe as its new Director of Global Business. Prior to joining Perlisten, Zerbe was with the CEDIA trade association as its Senior Director of Technology and Standards.

Learn more about Walt Zerbe and Perlisten Audio

[Read more…] about Walt Zerbe Leaves CEDIA to Join Perlisten Audio as Director of Global Business

Filed Under: News, People Tagged With: CEDIA, Perlisten Audio, Walt Zerbe

Masimo Reports 4th Quarter & Full Year 2024 Results and Investors Like It

February 28, 2025 by Ted Leave a Comment

Masimo pulse oximeter

Sound United ‘in the Later Stages of the Process’ of Divestment

On Tuesday, after the close of financial markets, Masimo Corporation (Nasdaq: MASI) announced its financial performance for the fourth quarter and full year of Fiscal 2024. Consolidated revenues grew a mere 2%, and the company booked a net loss of $304.9 million. And yet, investors were thrilled, driving up the value of shares of MASI stock by a double-digit percentage on the first trading day after the announcement.

What?!?!

See why investors are thrilled with the financial report from Masimo…

[Read more…] about Masimo Reports 4th Quarter & Full Year 2024 Results and Investors Like It

Filed Under: Feature, Financial, News, Strategy Tagged With: earnings, Katie Szyman, Masimo, Micah Young, Sound United

Thanks to Snap One, Resideo Shows Growth; But Not Without Some Pain

February 26, 2025 by Ted Leave a Comment

Resideo image for FY 2024 presentation

Resideo Technologies, Inc. (NYSE: REZI) reported its financial performance in the fourth quarter and full year of Fiscal 2024, the period that ended on December 31, 2024. The company showed good growth, much of which was thanks to its June 2024 acquisition of Snap One, which contributed $553 million to its net revenues.

However, that revenue win was not pain free…

See the details of the Resideo 4Q & FY 2024 financial results…

[Read more…] about Thanks to Snap One, Resideo Shows Growth; But Not Without Some Pain

Filed Under: Feature, Financial, News Tagged With: ADI, earnings, Jay Geldmacher, Products and Solutions, Resideo

Another Top Executive Leaves Sonos

February 25, 2025 by Ted Leave a Comment

Sonos Chief Commercial Officer Deirdre Findlay

On Monday, Sonos, Inc. (Nasdaq: SONO), in a filing with the Securities and Exchange Commission (SEC), revealed that Deirdre Findlay, Sonos Chief Commercial Officer, had resigned from her position with the company on February 19, 2025. This is yet another top executive, in this case, a top marketing position, to leave the company.

See more on this additional top executive departure from Sonos

[Read more…] about Another Top Executive Leaves Sonos

Filed Under: Feature, Management, Manufacturers, News, People Tagged With: Deirdre Findlay, Sonos

ListenUp President Appointed to the Colorado State Electrical Board

February 20, 2025 by Ted Leave a Comment

ListenUp President Benjamin Larkin

Hey Colorado integrators, you’ve got a guy on the inside now! Benjamin Larkin, President of renowned Denver AV retail and custom integration company ListenUp, has been appointed to the Colorado State Electrical Board. Appointed by Colorado Governor Jared Polis, Larkin brings an integrator’s perspective into a government regulatory body.

Read more on Larkin’s appointment to the Colorado State Electrical Board

[Read more…] about ListenUp President Appointed to the Colorado State Electrical Board

Filed Under: Gov't/Politics, Integrators, News, People Tagged With: ListenUp, regulations

Latest Sonos Earnings Report Shows Just How Bad Things Are

February 20, 2025 by Ted 2 Comments

Sonos graphic for Q1 Fiscal 2025 results
Is that a disaster movie they’re watching?

Sonos announced the financial results for its first quarter of Fiscal 2025, the 90-day period that ended on December 28, 2024. It was sobering news – Revenues declined over 10%, Operating Income collapsed almost 40%(!), and Net Income slid 38%. These poor results show that Sonos is starting out 2025, not as bad as 2024…it’s starting out worse.

Yet some outlets on Wall Street reported Sonos results were “better than expected.” With these numbers, how is that possible? Read on…

Learn all about the Sonos financial results in the first quarter of Fiscal 2025

[Read more…] about Latest Sonos Earnings Report Shows Just How Bad Things Are

Filed Under: Feature, Financial, Management, Manufacturers, News Tagged With: Patrick Spence, Saori Casey, Sonos, Tom Conrad

Another Round of Sonos Layoffs at a Critical Moment; 12% of Staff is Cut

February 18, 2025 by Ted Leave a Comment

Consumer using Sonos products

Sonos has announced that it is launching yet another reorganization (it had one in 2024, and another one before that in 2023) with a “reduction in force” this time impacting 12% of its entire workforce. It seems remarkable that at a time when it continues to struggle to extricate itself from the La Brea tar pits it fell into via 2024’s app disaster, one of its first solutions is to let people go. More than 1 out of every 10 employees has been terminated to “…improve the Company’s operating model and cost structure to set the Company up for long-term success.”

See more on the Sonos layoffs

[Read more…] about Another Round of Sonos Layoffs at a Critical Moment; 12% of Staff is Cut

Filed Under: Financial, Management, Manufacturers, News, Strategy Tagged With: layoffs, Sonos, Tom Conrad

Another Sign of Rising Consumer Pessimism – the U of M Index of Consumer Sentiment

February 13, 2025 by Ted Leave a Comment

Another sign of a deteriorating consumer outlook arrived last Friday in the form of the Index of Consumer Sentiment (ICS), another highly respected data resource from the University of Michigan that is widely followed by economists, financial analysts, Wall Street, the Federal Reserve Board, government officials, the media, and more. Widely viewed as a reliable indicator of how consumers are feeling about their current circumstances, as well as their outlook for the future, and their expectations for inflation – it is a leading indicator of future economic direction.

The preliminary result of the ICS for February registered a significant drop in consumer sentiment. What is spooking consumers?

See more on the February Index of Consumer Sentiment decline…

[Read more…] about Another Sign of Rising Consumer Pessimism – the U of M Index of Consumer Sentiment

Filed Under: Consumer Trends, Economic Trends, News Tagged With: Index of Consumer Sentiment, inflation, Joanne Hsu, University of Michigan

Sonance Names Tyler Kungl as VP of Luxury Residential Sales

February 12, 2025 by Ted Leave a Comment

Tyler Kungl, New Sonance VP of Luxury Residential Sales

Sonance announced on Wednesday that it has named Tyler Kungl as Vice President of Luxury Residential Sales. Another in a series of recent hires, Sonance looks to be on the move, strategically increasing market presence and dealer support for various markets, both domestic and international.

Learn more on this Sonance appointment of Tyler Kungl

[Read more…] about Sonance Names Tyler Kungl as VP of Luxury Residential Sales

Filed Under: Management, Manufacturers, News, People, Sales Tagged With: Jason Sloan, Sonance

Voxx Total Company Value Falls Below Book; Takes Big Write-Downs to Over-Valued Assets

February 12, 2025 by Ted 2 Comments

Voxx investor relations page. Company is being acuired by Gentex Corp.

In New SEC Filing, Company Reveals Onkyo, Rosen, and VSM No Longer Have Any Goodwill

Voxx International Corporation (Nasdaq: VOXX) has released its Form 10-Q report to the Securities and Exchange Commission (SEC) revealing its financial results for its third quarter – the 90-day period ending on November 30, 2024 – as well as the year-to-date nine-month period ended the same date for Fiscal 2025. It is a sobering report of a company struggling to get to the altar with Gentex while its financial foundation is increasingly shaking.

The surprising results answer some questions, yet raise others as revenues continue to decline and losses mount.

Learn more about Voxx’s current financial situation…

[Read more…] about Voxx Total Company Value Falls Below Book; Takes Big Write-Downs to Over-Valued Assets

Filed Under: Feature, Financial, News Tagged With: acquisition, Gentex, Integra, Klipsch, Onkyo, Steve Downing, Voxx International

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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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