This post will present some of the top tech stories from CEDIA Expo 2022. You know, covering a trade show like Expo has always been a particular challenge for me. As someone who is always looking for a good story, going to a trade show with hundreds of exhibits is a bit like trying to take a sip of water from a fire hose. Nonetheless, I was able to discover several stories I found particularly interesting and I hope you’ll like them too.
Snap One
Snap One Offers ‘Partners’ Advice to Protect Them from Fraud
Snap One, the entity originally founded as SnapAV, and a company whose motto is “Founded by integrators for integrators,” recently demonstrated how they strive to be a better partner by providing their dealers with some really solid and helpful advice. One of their appreciative dealers forwarded me an email he had received from the company containing useful information on how to protect his business from fraud.
See how Snap One sought to protect dealers from fraud
[Read more…] about Snap One Offers ‘Partners’ Advice to Protect Them from FraudSnap One Fiscal 1st Qtr Results Show Good Revenue Growth, But a Net Loss
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 LossSnap One Says Selling to All 4 Buying Groups Shows Commitment to Integrators
Snap One announced today that they are now selling to all four major custom integration buying groups (they called them “all four major CEDIA U.S. buying groups”) and that fact shows their commitment to their “integrator partners.” The company says it is now allied with Azione Unlimited, HTSA, HTSN, and ProSource “…as a key part of its long term strategy to help dealers succeed.”
Learn more about this strategy by Snap One
[Read more…] about Snap One Says Selling to All 4 Buying Groups Shows Commitment to IntegratorsSnap One Unleashes an Array of New Products at Virtual Partner Summit
New Introductions for Control4, OvrC, Episode and Triad
Last Friday, Snap One held a Virtual Partner Summit in which they unveiled a whole roster of new products to dealers participating in the online event. It was an impressive launch in key product areas for the company including OvrC, audio, new controllers, new soundbar and wireless sub, new architectural speakers, a major new operating system upgrade called OS 3.3.0, and more.
See more on these new products from Snap One
[Read more…] about Snap One Unleashes an Array of New Products at Virtual Partner SummitSnap One Acquires Canadian Distributor Staub Electronics
Snap One announced on Thursday that it has acquired Staub Electronics, a distributor based in Canada who has been the Snap One distributor there for ten years as an independent entity. Snap One says this “strategic move” will “elevate [the] partner experience in Canada.”
See more on Snap One’s acquisition of Staub Electronics
[Read more…] about Snap One Acquires Canadian Distributor Staub ElectronicsSnap One: What May Be Its Greatest Invention Yet
A Strata-gee Exclusive Report
In a special presentation to Strata-gee, Snap One educators Rus Rassmussen and Shayne Larsen shared with me the company’s latest revamped educational initiative designed to better educate integrators by improving comprehension and retention. This program, created and designed by the company’s education team, is now beginning to roll out and is impressive in scope, style, and design – it just may be Snap One’s greatest invention yet.
See all the details on this impressive education initiative from Snap One…
[Read more…] about Snap One: What May Be Its Greatest Invention YetSnap One Sees Q3 Revenues Increase Thanks to Price Increase & More Dealers
But a 57% Increase in SG&A Expenses Swung the Quarter to a Net Loss
Snap One Holdings Corp. (NASDAQ: SNPO) announced the results for its fiscal 2021 third quarter last week and said that thanks in part to an August 2021 price increase and continued expansion of its dealer base, the company booked a substantial revenue increase to $260.7 million, or 15% higher than the same quarter the year before. However, the company additionally reported a net loss of -$21.5 million, way below the net income of $1.4 million in the quarter last year, due to a significant increase in SG&A expenses.
See more on the Snap One 3rd quarter results
[Read more…] about Snap One Sees Q3 Revenues Increase Thanks to Price Increase & More DealersSnap One Continues Local In-Market Expansion; Adds New Florida ‘Store’
Snap One announced this week that it has opened another “Partner Store” – a locally based warehouse location – that carries its products as well as other brands and offers support and training for area integrators. This new location opened in Hollywood, Florida, and – interestingly – is being operated by their Allnet branch.
See more on the continued expansion of Snap One
[Read more…] about Snap One Continues Local In-Market Expansion; Adds New Florida ‘Store’Snap One Reports 34% Increase in Q2 Sales, With a Reduced $1.1M Net Loss
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.