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John Heyman

D-Day Arrives; Control4 Integrators Begin Turning Clients over to Snap One

April 24, 2024 by Ted Leave a Comment

On Tuesday this week, a previously announced program being offered by Snap One – now Resideo – has begun. This program, called Control4 Connect, is a mandatory program that requires all integrators to connect all new client installations of Control4 products directly to Snap One’s central station for future software updates and data collection.

It is a new kind of transactional connection that establishes a direct relationship with the client for direct-to-user system updates and base-level client support supplied – not by the local integrator – but by Control4 support.

See more on this new industry scheme

[Read more…] about D-Day Arrives; Control4 Integrators Begin Turning Clients over to Snap One

Filed Under: Brands, Dealers, Integrators, Management, Manufacturers, News, Strategy Tagged With: John Heyman, Resideo, SaaS, Snap One

Security Company Resideo Acquires Snap One in $1.4B Transaction

April 15, 2024 by Ted 2 Comments

Resideo acquires Snap One

Will Merging Two Stagnant Businesses Reignite Growth?

This morning we learned that Snap One Holdings, Corp. (Nasdaq: SNPO) has been acquired by large security provider Resideo Technologies, Inc. (NYSE: REZI) and private equity company Clayton, Dubilier & Rice (CD&R) in a $1.4 billion deal. If you aren’t familiar with the Resideo name, you may know them by ADI, their distribution wing.

The deal is expected to close in the second half of 2024.

See more on Resideo / ADI / CD&R acquiring Snap One

[Read more…] about Security Company Resideo Acquires Snap One in $1.4B Transaction

Filed Under: Financial, News, Strategy Tagged With: ADI, Jay Geldmacher, John Heyman, Resideo, Snap One, Tom Surran, Tony Trunzo

Snap One Closes Out a Tough Year; They Say Next Year Will Be Better…Maybe

March 12, 2024 by Ted Leave a Comment

Cover page of Snap One Fiscal Q4 & FY 2023 results

Company Turns To Forced Client Fees to Improve Its Results

At the end of last week, Snap One Holdings Corporation [NASDAQ: SNPO] announced the results of its Fiscal Fourth Quarter and Full Year 2023. Much as we’ve seen quarter-by-quarter all year long, the company remained subsumed by a challenging “destocking” market, with Net Sales in Fiscal 2023 finishing down 5.6%, and its Net Loss last year increasing by another 146.3% this year. CEO John Heyman called it “another strong year.”

But was it truly “another strong year?”

See more details on the Snap One Fiscal 2023 performance

[Read more…] about Snap One Closes Out a Tough Year; They Say Next Year Will Be Better…Maybe

Filed Under: Financial, Management, Manufacturers Tagged With: Control4, John Heyman, Mike Carlet, Snap One

Snap One Seeks to Change the Integration Industry Model with Subscription SaaS Plan

January 18, 2024 by Ted Leave a Comment

Screenshot of Snap One execs briefing Ted Green of Strata-gee
Snap One CEO John Heyman and VP of New Ventures Graham Jaenicke tell me about the new Control4 SaaS program [Click to enlarge]

Seemingly Well Designed, But One Thing I Find Suspicious

Snap One announced today the launch of three new services, part of a Software-as-a-Service subscription program that gets the manufacturer in direct communication with end users of every Control4-based system sold and provides new levels of customer support. The program is said to include a revenue share for its dealers. These programs are called Control4 Connect, Control4 Assist, and Control4 Assist Premium and allow for direct-to-consumer support by the company.

See more on how Snap One is driving change in custom integration…

[Read more…] about Snap One Seeks to Change the Integration Industry Model with Subscription SaaS Plan

Filed Under: Integrators, Manufacturers, News, Strategy, Technology Tagged With: Control4, Graham Jaenicke, John Heyman, SaaS, Snap One

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

November 15, 2023 by Ted 3 Comments

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

[Read more…] about Snap One Fiscal ’23 Q3 Shows Recurring Story of Sales Decline & Losses Improve

Filed Under: Financial Tagged With: John Heyman, quarterly earnings, Snap One

Sources: Snap One has Restructured Operations with Staff Layoffs

January 26, 2023 by Ted 1 Comment

Snap One website

Multiple reports are pouring in that Snap One, a leading custom integration supplier, has just completed a restructuring that resulted in layoffs. It is not clear at this point just how many employees were cut, but it was significant enough to motivate several sources around the country to reach out to Strata-gee.

See what we know so far on the Snap One restructuring

[Read more…] about Sources: Snap One has Restructured Operations with Staff Layoffs

Filed Under: Brands, Financial, Management, Manufacturers, News Tagged With: Control4, John Heyman, Snap One

Why is Snap One Stock Dropping to New 52-Week Lows Recently?

December 2, 2022 by Ted Leave a Comment

slide from Snap One earnings report

Snap One (NASDAQ: SNPO), a major player in the custom integration/smart home channel, recently reported its fiscal 2022, third-quarter results last month, showing both revenue gains and reduced losses. The company says sales are slowing and they revised their forward-looking guidance for yearly performance downward.

Since this earnings report was released, the value of Snap One stock has really struggled, dropping 19% and setting several new 52-week lows.

See why Snap One stock struggles in the wake of their Q3 performance report

[Read more…] about Why is Snap One Stock Dropping to New 52-Week Lows Recently?

Filed Under: Brands, Distributors, Financial, Integrators, Management, Manufacturers, News Tagged With: John Heyman, quarterly earnings, Snap One

Snap One Acquires Parasol Remote Support Service

October 27, 2022 by Ted Leave a Comment

From the Snap One website

In a move that was widely anticipated, Snap One announced this week that it will acquire Parasol, a remote support service that since its launch has been based on Snap One’s OvrC system. The company says that this acquisition will result in “creating new opportunities for Snap One Partners to focus on running their business while increasing profitability, productivity and service levels to their customers.”

Learn more about Snap One’s acquisition of Parasol

[Read more…] about Snap One Acquires Parasol Remote Support Service

Filed Under: Financial, Service Tagged With: Greg Simmons, Henry Clifford, John Heyman, Parasol, Snap One, SnapAV, Ted Bremekamp

Snap One Fiscal 1st Qtr Results Show Good Revenue Growth, But a Net Loss

May 19, 2022 by Ted 2 Comments

Snap One cover photo

At the end of last week, Snap One Holdings Corp. released the results of their fiscal 2022 first quarter, a period which ended April 1, 2022, with comparisons to the same quarter last year, which ended on March 26, 2021. The company showed good revenue growth in the quarter but is still dealing with a net loss – albeit less of one than in 2021.

See the details on the Snap One fiscal Q1 results

[Read more…] about Snap One Fiscal 1st Qtr Results Show Good Revenue Growth, But a Net Loss

Filed Under: Brands, Distributors, Financial, Integrators, Management, Manufacturers, News, Strategy Tagged With: earnings, John Heyman, Mike Carlet, Snap One

Snap One Reports 34% Increase in Q2 Sales, With a Reduced $1.1M Net Loss

August 26, 2021 by Ted Leave a Comment

Snap One Holdings Corp. (NASDAQ: SNPO) announced the results of their fiscal second quarter, the period that ended June 25, 2021. This is the first official report to investors for the newly public company, and Snap One executives were excited to talk about all the positive milestones they achieved in the quarter – first and foremost, launching a successful public offering. Aside from a technical glitch in their conference call with analysts, it was all good news from the company.

See more details on the Snap One quarterly report

[Read more…] about Snap One Reports 34% Increase in Q2 Sales, With a Reduced $1.1M Net Loss

Filed Under: Financial, Management, Manufacturers, News, Strategy Tagged With: John Heyman, Mike Carlet, Snap One, SnapAV

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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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