Welcome to our dedicated page for Snap One Holdings news (Ticker: SNPO), a resource for investors and traders seeking the latest updates and insights on Snap One Holdings stock.
Snap One Holdings Corp. (SNPO) provides smart living technology through its integrated platform for professional integrators. This news hub delivers official updates and market insights to track the company's strategic developments.
Access real-time announcements including product launches, financial results, and partnership agreements. Our curated collection ensures investors and industry professionals stay informed about SNPO's innovations in audio/visual systems, security solutions, and automation technologies.
Discover updates across key categories: earnings reports, technology partnerships, distribution network expansions, and industry recognition. Bookmark this page for streamlined access to verified information supporting informed analysis of SNPO's market position.
Snap One Holdings Corp. (Nasdaq: SNPO) reported a strong fiscal first quarter 2022 with a 26% increase in net sales, totaling $277.4 million, compared to $220.5 million in the prior year. Adjusted EBITDA rose to $23.6 million, despite ongoing supply chain challenges. The company has raised its earnings outlook for FY 2022, anticipating net sales between $1.16 billion and $1.18 billion. Additionally, a $25 million share repurchase program has been authorized to capitalize on attractive stock prices.
Snap One Holdings Corp. (Nasdaq: SNPO) will hold a conference call on May 12, 2022, at 4:30 p.m. ET to discuss its fiscal Q1 financial results ending April 1, 2022. The company will issue a press release before the call, which will include a presentation followed by a Q&A session. Interested participants can join via U.S. dial-in at 844-467-8941 or internationally at 929-517-0912. A live broadcast of the call will be available on their website, with a replay accessible until May 19, 2022.
Snap One Holdings Corp. (NASDAQ: SNPO) reported record net sales exceeding $1 billion for fiscal 2021, marking a 24% increase year-over-year. The company achieved a net loss of $36.5 million and an adjusted EBITDA of $110.8 million, up 17% from the previous year. Significant operational highlights include the opening of eight new branches and strong demand for products. For fiscal 2022, Snap One anticipates net sales between $1.140 billion and $1.170 billion, reflecting a growth of 13% to 16% year-over-year. The company is confident in overcoming supply chain challenges while maintaining focus on long-term growth.
Snap One Holdings Corp. (NASDAQ: SNPO) will hold a conference call on March 22, 2022, at 4:30 p.m. ET to discuss financial results for the fiscal fourth quarter and full year ended December 31, 2021. A press release with the financial results will be issued prior to the call. The call will include a presentation followed by a Q&A session, and it will be broadcast live, with a replay available until March 29, 2022.
Snap One Holdings Corp. (NASDAQ: SNPO) announced its participation in several financial conferences and industry trade shows in spring 2022. These events include the Raymond James 2022 Institutional Investors Conference on March 7, Morgan Stanley Technology, Media & Telecom Conference on March 10, ISC West 2022 from March 22-25, and J.P. Morgan's 50th Annual Conference from May 23-25. Snap One is a leading provider of smart living products and services for professional integrators, with a focus on enhancing their business through high-quality products and support.
Snap One (NASDAQ: SNPO) has acquired Staub Electronics, enhancing its capabilities in Canada and expanding its local branch footprint to 33 locations. This acquisition aims to improve product offerings, enable faster order fulfillment, and elevate support for professional integrators. CEO John Heyman emphasized the long-standing partnership between the two companies and the anticipated improved customer experience. Staub will continue operating under its management team, while Snap One continues its growth through strategic acquisitions.
Snap One Holdings Corp. (NASDAQ: SNPO) will participate in several financial conferences before the end of 2021. Key events include the UBS Virtual Industrial Tech and Innovation Conference on November 17, the Raymond James Technology Investors Conference from December 6-8, and the Imperial Capital 18th Annual Security Investor Conference on December 14-15. Company representatives, including CEO John Heyman and CFO Mike Carlet, will present at these conferences, providing insights into Snap One's operations and future prospects.
Snap One has enhanced its Josh.ai voice control experience through a new Control4 Certified driver, offering improved integration with music streaming services and advanced lighting control. This update allows users to execute voice commands contextually, enhancing convenience and privacy. With the distribution agreement, Josh.ai hardware will also be available via the Control4 Portal. Both CEOs expressed excitement about the partnership, aiming to provide innovative voice control solutions tailored for smart homes.
Snap One Holdings Corp. (SNPO) reported strong fiscal third quarter results for 2021, with net sales increasing by 15% to $260.7 million, driven by enhanced operational efficiency and a successful product portfolio expansion. The company opened three new branches and upgraded software, fostering further growth. Despite facing supply chain challenges, Snap One raised its fiscal year net sales guidance to between $990 million and $1 billion.
Adjusted EBITDA expectations were also increased to between $106 million and $110 million, reflecting solid performance amid ongoing market demand.
