2022 Revenues ($USD) : $1,239,153,000 2022 R&D spend : $137,234,000 2022 Number of Employees : 2,200 Fiscal Year End : 12/31/2021 Company CEO : Joe Kiani, chairperson and CEO
What do health monitoring technologies and high-end audio speakers have in common? Officials at Masimo decided this year that the answer was “a lot.” In April, they closed on their $1.025 billion acquisition of Sound United and its sound and home theater system brands including Bowers & Wilkins, Denon, Polk Audio and Marantz. Investors initially appeared puzzled at the deal, but they have since warmed to it. CEO Joe Kiani explained during the company’s Q2 earnings call in August that Sound United will aid in the rollout of the company’s next-gen biosensing smartwatch, dubbed Freedom, which is expected to roll out next year. (This year, the company is rolling out its W1 health watch.) Kiani explained earlier this year that Sound United gives Masimo immediate scale with leading retail establishments like Best Buy in the U.S. and Euronics in Europe. –CN