Systemax

Voxx hits the gas as 3Q income, earnings spike

  VOXX INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Consumer non-durables Nasdaq: VOXX Reporting Date: Jan. 9, 2018 Reporting Quarter: 3Q FY2018 Quarter Ended: Nov. 30, 2017 Numbers: Net third-quarter sales were reported as $156.6 million, down 0.5 percent from the $157.4 million reported for the third quarter of last fiscal year. But net income was reported as $8.6 million, a healthy 48.2 percent increase over the $5.8 million reported for 3Q FY2017. Diluted third-quarter earnings-per-share also…


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…