Strata-gee.com

Strategy in TECH...

You are here: Home / Posts

Posts

Will Sonos Ace Help the Company Return Its Business to Growth?

by 7 Comments

Sonos launches new Sonos Ace headphones

Sonos, Inc. (Nasdaq: SONO) announced today the long-awaited launch of its secretive new product targeted for a “multi-billion dollar category,” as Sonos CEO Patrick Spence is wont to remind us of frequently. One of the worst-kept, leakiest of launch secrets (probably intentionally so) in the industry, the company announced a new over-the-ear wireless headphone model featuring Dolby Atmos immersive sound and active noise cancellation called Sonos Ace.

But did the company Ace the test for turning around its deteriorating financial performance?

See more on the Sonos Ace headphone

[Read more…] about Will Sonos Ace Help the Company Return Its Business to Growth?

Scan Your Radar Closely: Consumer Finances are Getting Stressed

by Leave a Comment

Photo of a consumer shopping center

When most of us think about the Fed (the Federal Reserve Board), we think about Chairman Jerome Powell setting bank rates that can have a major impact on the U.S. economy. But what you may not know is that the Fed is a prodigious monitor and relayer of economic data. New data points have come to my attention that show increasing pressure as consumer debt levels and delinquency rates continue to rise – a condition impacting the everyday average American consumer. I felt compelled to share this data with you so you can begin tracking it on your radar screens as well.

See the new data on the consumer market I find troubling

[Read more…] about Scan Your Radar Closely: Consumer Finances are Getting Stressed

Sonos Says Q2 Fiscal 2024 ‘Exceeded Our Expectations;’ Revenues -16.9%, Losses +127%

by 2 Comments

Sonos Q2/FY2024 cover

Sonos, Inc. (Nasdaq: SONO) announced its financial performance for the second quarter of Fiscal 2024, the period that ended on March 30, 2024. The numbers, as we’re seeing more consistently across a wide variety of consumer brands, were rough…really rough. Revenues in the quarter declined a nasty 16.9% and the company’s Net Loss more than doubled, increasing by a scary 127%.

Yet CEO Patrick Spence claimed in a statement that “…we delivered results that slightly exceeded our expectations…” Either they were expecting a really devastating result, or I’ll have whatever he’s having!

See more on the Sonos Q2 Fiscal 2024 results

[Read more…] about Sonos Says Q2 Fiscal 2024 ‘Exceeded Our Expectations;’ Revenues -16.9%, Losses +127%

VOXX Fiscal 2024 Results Reveal 2nd Year of Deteriorating Sales & Deepening Losses

by Leave a Comment

VOXX headquarters

Value of VOXX Stock Drops 23.9%…Hits New 52-Week Lows

After markets closed on Tuesday, VOXX International Corporation (NASDAQ: VOXX) released its Fiscal 2024 fourth quarter and full-year financial results for the period ending February 29, 2024…and it wasn’t a pretty picture. Net sales in Fiscal 2024 were down a double-digit percentage at 12.2% and the company’s Net Loss ballooned to an eye-popping $45.6 million.

What can investors expect in Fiscal 2025 from Voxx? At best, flat sales but the company is hoping to engage in a protracted restructuring process to try and reattain profitability.

See more on the VOXX report of financial performance in fiscal 2024

[Read more…] about VOXX Fiscal 2024 Results Reveal 2nd Year of Deteriorating Sales & Deepening Losses

Oasys Summit 2024: ‘What a Difference a Year Makes!’

by Leave a Comment

Hank Alexander, Oasys Executive Director

Earlier this month, folks from all over the country made a trek to Austin, Texas to participate in the Oasys Summit 2024. I was one of them. Only the second such gathering for the newly launched group, it was with great anticipation I joined them in Austin for great music, great food, and really fun and quirky pubs (do they call them pubs in Texas?)

But mostly, I joined them for an incredible industry conference that seemed particularly poignant as the young group feels very much like a true start-up, whose participants really bonded over great conversation, best practice sharing, savvy education from top industry experts, smart impactful keynote speakers, and the forging of iron-clad new friendships.

Learn more about Oasys Summit 2024

[Read more…] about Oasys Summit 2024: ‘What a Difference a Year Makes!’

Masimo Announces Double-Digit Drop in Revenues & Profits; Reveals Spin-Off Plans

by 2 Comments

Masimo headquarters

Company Reveals Initial Plans for Spinning off Sound United Biz

Masimo Corporation (Nasdaq: MASI), yet another company in Tech that reported their financial results for the first quarter of Fiscal 2024 after the close of business on Tuesday, revealed that both revenues and profits had declined double-digit percentages in the quarter. What was remarkable about this result is that Masimo CEO Joe Kiani said in a statement in the release about the Q1 results that the company is “reaching a steady state.”

Investors apparently didn’t see it that way, as shares in MASI stock dropped almost 12% on Wednesday, the next trading day after the announcement.

See more on the Masimo Q1, Fiscal 2024 report

[Read more…] about Masimo Announces Double-Digit Drop in Revenues & Profits; Reveals Spin-Off Plans

Snap One Reports Results for Q1 of Fiscal 2024; Old Themes Continue

by Leave a Comment

Snap One booth at CEDIA Expo 2023

Snap One Holdings Corp, soon to be part of Resideo Technologies’ ADI distribution business, reported their financial performance for the first quarter of Fiscal 2024 yesterday. In the wash, it looks much like its other recent quarterly reports – sales decline, losses increase, sales shift from its own proprietary brands to third-party brands, etc. But a couple of things did change, starting with my assessment that much less effort than usual was expended in creating this pretty thin report than is typical for them…there isn’t even a quote from CEO John Heyman or anyone in management…and the company even chose not to hold an earnings conference call with analysts as they typically do every quarter.

I suspect that this is due to the fact that the entire company – and its investors – are simply waiting for the new owners to take over.

See more on the Snap One Q1 Fiscal 2024 financial results

[Read more…] about Snap One Reports Results for Q1 of Fiscal 2024; Old Themes Continue

Emerald Reports Fiscal Q1 2024 Results; All Good, Except for One Unit

by Leave a Comment

Emerald Holding title slide

On Tuesday, Emerald Holding, Inc. [NYSE: EEX], aka Emerald Expositions, a national B2B tradeshow company, reported its financial results for the First Quarter of Fiscal 2024. Emerald, as most Strata-gee readers know, is the owner of the CEDIA Expo show, the Total Tech Summit show, and various publishing entities like CE Pro, Custom Integrator and more.

The consolidated results looked pretty good, but one business unit was a decided under-performer. Can you guess which one? Read on…

See what division under-performed in the Q1 fiscal 2024 report from Emerald

[Read more…] about Emerald Reports Fiscal Q1 2024 Results; All Good, Except for One Unit

2024 CI Expo Brings the Latest Tech to N. Cal Integrators for the 15th Time

by 2 Comments

Photo from a past CI Expo

One of the longest-running custom integration technology events, the Northern California Technology Conference, known as the CI Expo, will hold its 15th annual dealer show this month at the Hilton Oakland Airport on May 30th. An early proponent of knowledge sharing and bringing the technology to you, this event is free for integrators. You can’t get a better deal than that!

See more on the 2024 CI Expo

[Read more…] about 2024 CI Expo Brings the Latest Tech to N. Cal Integrators for the 15th Time

Josh.ai Goes on Offense, Fires Off Motion to Dismiss Much of Snap One Lawsuit

by Leave a Comment

Graphic with Snap One, Josh.ai, and AVA logos

In the matter of Snap One, LLC v. AVA, Inc, and Josh.ai, Inc., we finally see a substantive move after the initial filing by plaintiff Snap One and subsequent answers from the defendants AVA and Josh.ai. And that subsequent move is a doozy – Josh.ai has gone on offense and filed a motion to dismiss multiple major claims in the Snap One lawsuit.

Josh.ai’s filing is well written and puts Snap One on defense, forcing them to submit genuine facts and evidence to support their many claims, including a few allegations that were really quite salacious.

See more on Josh.ai’s Motion to Dismiss putting Snap One on defense

[Read more…] about Josh.ai Goes on Offense, Fires Off Motion to Dismiss Much of Snap One Lawsuit