Masimo executives are back calling their consumer audio business Sound United, with a senior executive on a conference call this week claiming that th

Former Sound United Business Could Be “Discontinued” Next Year After Falling Revenues, No Buyer and Losses Claims New Director

submited by
Style Pass
2024-11-25 18:00:07

Masimo executives are back calling their consumer audio business Sound United, with a senior executive on a conference call this week claiming that they will move the business into being a “discontinued operations” if and when the board decides “to no longer pursue a spin-off, of the this business into a publicly traded company” they claimed.

What “discontinued operation” actually meant was not rationalised or explained for their struggling consumer business that in the three months ending September 28, 2024, recorded a revenue decline to US$161.4 million vs $171.5 million in the same period in 2023.

The business that sells Bowers and Wilkins, Denon and Marantz sound systems with the full Denon range set to be sold at JB Hi Fi next year, reporting a net loss of $12.9 million during the quarter ending in September 2024.

For the nine months ended September 28, 2024, the Company recorded revenue of $465.6 million a fall from the $562.1 million in the prior year.

Leave a Comment