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EX - 99.1 2 snpofq32021 earningsrelea.htm EX - 99.1 snap one Snap One Reports Fiscal Third Quarter 2021 Results Sustained Market Demand , Combined with Agile Response to Global Supply Chain Pressures , Drives Continued , Strong Operating Results , Highlighted by 15 % Increase in Net Sales Company Raises Earnings Outlook for Fiscal 2021 CHARLOTTE , N.C. - November 4 , 2021 - Snap One Holdings Corp. ( NASDAQ : SNPO ) ( " Snap One , " the " Company , " " we " or " our " ) , a provider of smart living products , services , and software to professional integrators , reported financial results for the fiscal third quarter ended September 24 , 2021 . Recent Operational Highlights • Opened three new domestic local branches in attractive geographic markets , including Hollywood , FL , Austin , TX , and Nashville , TN . The Company currently operates a nationwide footprint of 30 locations as of quarter end ; Snap One plans to continue expanding its omnichannel distribution presence domestically and internationally going forward . • Upgraded new Control 4 OS 3.2.3 software to increase connectivity and search speed for integrator efficiency as well as to provide end consumers with more control and personalization of their systems . This latest upgrade brings new Composer Pro features designed to make installations faster and more efficient and adds fundamental platform enhancements for commercial deployments , including native support for multi - display rooms and video walls . Updated OvrC remote management platform to bring improved notification accuracy , more actionable information , and better , faster user interface navigation . • • Continued product innovation including the release of the Company's new Control4 Contemporary Lighting lineup with elevated lighting control and aesthetics , providing end consumers with a modern , sophisticated and more energy efficient solution . • Expanded third - party product portfolio including the addition of popular audio brands Denon and Marantz from Sound United . These new brands complement other recent additions such as KEF , Klipsch , Parasound , and Yamaha . Through its proprietary and third - party brands , Snap One has built and curated a leading lineup of audio solutions to meet the needs of its integrators and end • • consumers . Hired new Chief People Officer Kathleen Creech to lead people initiatives . Ms. Creech most recently served as Chief Human Resources Officer for Manhattan & Associates ( NASDAQ : MANH ) , a leading supply chain software company . Announced three new board member appointments of Adalio Sanchez , President of S Group Advisory LLC ; Amy Steel Vanden - Eykel , Senior Vice President of Merchandising & Marketing for Staples , Inc .; and Dr. Annmarie Neal , Partner and Chief Talent Officer at Hellman & Friedman to its Board of Directors , effective June , July , and January 2021 , respectively . Supporting the Company's expanded responsibilities and mission following its recent public listing in July , these new board members serve on various committees and provide strategic oversight to the business . 1