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.
The Day After Losing 39 Exhibitors, Expo Loses Another 26
What a crazy couple of weeks it has been for exhibitors of CEDIA Expo 2021, and also for potential attendees who watched a slow-motion train wreck unfold right in front of their eyes. It was almost exactly two weeks ago – on August 10th – when Savant CEO Robert Madonna suddenly announced that Savant was pulling out of CEDIA, due to concerns over the surging infections from the Delta variant of COVID-19.
Little did we know then that this was the trickle before the flood…
See more on the saga of CEDIA Expo 2021[Read more…] about CEDIA Expo 2021: Should You Risk Your Health to Attend a ‘20% Expo’?
The announcements are coming faster than I can get them written up, as I learned late Friday that Samsung has notified their dealers that they too have pulled out of the CEDIA Expo 2021. Pressure is building on other exhibitors to take a stand. A tipping point may be approaching…
See more on Samsung exiting CEDIA Expo…[Read more…] about Samsung Says ‘Recent Rise’ of COVID, is Cause for Withdrawal from CEDIA Expo
In a note sent to dealers Friday, Sonos said that “after much deliberation” it has decided that it will no longer be participating in the CEDIA Expo 2021 as originally planned. Yet another in a line of exhibitors leaving the event, the company cited “the recent increases in COVID cases and the prevalence of the Delta variant.”
See more on Sonos canceling their CEDIA Expo presence[Read more…] about The ‘Risks of Exhibiting…are Too High,’ Sonos Cancels Participation at CEDIA Expo
Strata-gee broke the news to the industry on Tuesday that Savant had announced they were pulling out of CEDIA Expo 2021 due to the surging COVID Delta variant putting employees and attendees at risk. Today, Snap One, another major CEDIA Expo exhibitor has made the same decision, pulling out of the event currently scheduled to launch in just about three weeks from now.
See more on this new announcement from Snap One…[Read more…] about Snap One, Yet Another Major Exhibitor, Pulls Out of CEDIA Expo 2021
Moody’s Investors Service, one of the top global credit and bond rating agencies, announced last week that it has raised the credit rating on Wirepath LLC (dba Snap One) based on its successful completion of an initial public offering of shares of the company’s stock. This is good news for Snap One and potential investors.
Learn more about the new Snap One credit rating by Moody’s[Read more…] about Moody’s Raises Snap One’s Credit Rating in Wake of Its Successful IPO
In 2020, Company Revenues Grew 37.8% to $814.1M But With a Net Loss of $25.2M
Snap One Holdings Corp (Snap One) – formerly SnapAV – has filed an S-1 registration with the Securities and Exchange Commission (SEC) in preparation for an initial public offering (IPO) of its stock on a public exchange. In this S-1 filing, we learn much about the company’s current position and what its plan is to grow the operation to even loftier heights.
See more on the Snap One S-1 registration…[Read more…] about Snap One Files for an IPO Laying Out Its Strategy for Growth & Perhaps Profit
SnapAV Execs Hindman & Vaughn Explain the Rationale Behind the Change to Strata-gee
Recently, in a special Zoom presentation for Strata-gee by SnapAV executives Jeff Hindman (Chief Revenue Officer) and Kordon Vaughn (VP Marketing), I was about to learn about the company’s new brand strategy going forward. Ever since SnapAV acquired their largest division, Control4, there has been much speculation about how to address the market with two strong, well-known brands. I joked, “So what’s it going to be…ControlAV or Snap4?
It turns out I wasn’t that far off, as the executives shared with me that they would be rebranding the organization as Snap One.