Days after Snap One announced a major program initiative in an effort to change the integration industry business model, the company held a media presentation in which 5 members of the 23-member Control4 dealer advisory panel that helped the company design the program were made available to select members of the media for a short question and answer session. This was organized by Snap One specifically because I had asked to speak with the panel. How do I know that was the reason for this media opportunity? Because company executives told the media that I was the reason they chose to hold this event. This may, or may not, have endeared me to the other media.
Snap One
Snap One Seeks to Change the Integration Industry Model with Subscription SaaS Plan
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 PlanSnap One Fiscal ’23 Q3 Shows Recurring Story of Sales Decline & Losses Improve
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 ImproveSnap One Lawsuit: AVA & Josh.ai File Responses; The Dance Marathon Begins
After receiving an extension from the court giving them more time to respond, AVA, Inc. and Josh.ai, Inc. formally filed their responses to the Snap One, LLC lawsuit filed against them this past summer. With these filings, we have completed the end of the beginning of what will undoubtedly be a long dance marathon of patent and trade secret litigation.
See more on the AVA and Josh.ai responses to allegations from Snap One
[Read more…] about Snap One Lawsuit: AVA & Josh.ai File Responses; The Dance Marathon BeginsSnap One Opens Six New Warehouses; Will Host 400 Trainings in 2023
Barely out of CEDIA Expo 2023, Snap One announced this week that it has launched six new warehouse locations they call local partner stores, further filling out its national distribution footprint. The company also said it will finish 2023 having hosted no fewer than 400 events – a prodigious effort at connecting with its customers, the local integrators.
See more on this latest muscle flex by Snap One
[Read more…] about Snap One Opens Six New Warehouses; Will Host 400 Trainings in 2023Snap One to Pump More R&D $’s into Software Dev to ‘Fuel Innovation’
Snap One, a leading manufacturer of a diversified group of custom integration (CI) brands, announced on the eve of CEDIA Expo 2023 that it is “increasing investments in software research and development (R&D)” for the purpose of enhancing the “performance, reliability, and scalability” of its solutions to yield “more efficient backend processes and better user experiences.” The release goes on to note the importance of software for the residential and commercial custom integration industries.
See more on increasing R&D dollars for software development by Snap One
[Read more…] about Snap One to Pump More R&D $’s into Software Dev to ‘Fuel Innovation’Snap One Reports 2nd Quarter Fiscal ’23 Results; Net Sales Declined, Net Loss Reduced
Last week, Snap One Holdings Corp. (Nasdaq: SNPO) released its financial results for the second quarter of fiscal 2023, the 13-week period ending June 30, 2023. The company reported mixed results with a continuing sales decline but with a reduced net loss in the quarter.
See more on the SnapOne 2nd quarter fiscal ’23 report
[Read more…] about Snap One Reports 2nd Quarter Fiscal ’23 Results; Net Sales Declined, Net Loss ReducedSnap One Sues Josh.ai and AVA for Patent Infringement and So Much More
Lawsuit Alleges Unethical Biz Practices from CI Brands Perceived as Upstanding Citizens
On Monday, Snap One revealed that it had filed a lawsuit against two other well-known, if smaller, brands, alleging patent infringement and a range of illicit and unethical business practices that it claims violated existing contractual agreements. The defendants in this matter are Josh.ai and AVA.
The allegations, if true, are really quite surprising.
See more on Snap One vs Josh.ai and AVA
[Read more…] about Snap One Sues Josh.ai and AVA for Patent Infringement and So Much MoreSnap One Reports Mixed Results for Fiscal ’22 Q4 & Full Year; Forecasts 2023 Resi Decline
Red Flags: Residential Market is ‘Softening’; Consumers are ‘Cautious’; Channel Inventory ‘Destocking’
Snap One Holdings Corp. (NASDAQ: SNPO) released their fiscal 2022 fourth quarter and full-year results after the close of the market on Tuesday and held a conference call for investment analysts shortly afterward with more details. The company produced a prodigious amount of data that they suggest shows success in the face of adversity, and forecast a decline in their performance in fiscal 2023.
They also said the industry slowed down in 2022 and will continue to be slow for the first three quarters of 2023.
See more on the latest Snap One earnings report and forecast
[Read more…] about Snap One Reports Mixed Results for Fiscal ’22 Q4 & Full Year; Forecasts 2023 Resi DeclineIt’s Show Time! Check Out These Hot Products at ISE 2023
See Solutions from Crestron, Russound, Snap One & AudioControl
Taking place right now in Barcelona, Spain, ISE is a unique show that offers products tailored for both the residential and commercial side of the integration business, as well as for the international market. Of course, many major industry brands that distribute their goods globally are showing there, including these top technology products from the curated selection shown below.