Systemax

After tough 2Q, Voxx reworks its game plan

  VOXX INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Consumer non-durables Nasdaq: VOXX Reporting Date: Oct. 10, 2018 Reporting Quarter: 2Q FY2019 Quarter Ended: Aug. 31, 2018 Numbers: Net sales for the second quarter were reported as $108.9 million, down 4.1 percent from the $113.5 million reported for the same quarter last fiscal year. The company reported a quarterly net loss from continuing operations of $22.5 million, about 13.6 percent off the continuing-operations net loss of $19.8…


No. 327: On ‘Moby Dick,’ ‘Gangsta’s Paradise,’ shredded wheat and life on Mars

  August already? How did THAT happen? We’re as dumfounded as you, dear reader, but here we are – Aug. 1, 2018, about halfway through the summer and this exciting week in Long Island socioeconomic innovation. Neck and neck: It’s also World Scout Scarf Day, when active and former Scouts around the world are encouraged to wear the trademark neckerchiefs (actual word) to promote Scouting’s history and spirit. For the record, some 170 countries around…


No. 286: ‘King Kong’ lives, Janam Tech muscles up and Sammy Chu bites off more than … actually, he can definitely handle it

Welcome to Friday: You’ve done it again, readers and friends – another week of socioeconomic progress in the books, another weekend earned. It was also a Friday, 56 years ago tonight, on March 2, 1962, when Wilt “The Stilt” Chamberlain set the NBA’s unassailable single-game scoring record, pouring in a phenomenal 100 points for the Philadelphia Warriors in a 169-147 win over the New York Knicks. And that’s without the Nike endorsement: Speaking of record-setting…


No. 255: Good boardrooms, better breast surgeries, best way to drink Scotch

That’s a wrap: It’s Friday, friends, and the end of another busy week for the Long Island innovation economy. Welcome new readers Betty, Beth and Elizabeth – we assume that’s three people – and please remember to tell your friends all about us. Please also jeer us, revere us and otherwise keep us in the loop at editor@innovateli.com. Remember, it’s your innovation economy – we just chronicle it. Those were the days: It’s Nov. 3,…


Systemax spins positives after 3Q dip

Despite impressive gains by its Industrial Products Group – including the group’s 27th consecutive quarter posting revenue growth and a nearly 10 percent increase in its sales force –Systemax Inc. swung to a third-quarter loss. Reporting Monday on its FY2016 third quarter, the Port Washington-based supplier of brand-name and private-label computers and other consumer electronics – largely through e-commerce platforms – reported net sales of $414.8 million, a 2 percent drop from the $423.3 million…