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Skullcandy Inc. is an American company based in Park City, Utah, that markets technology such as headphones, earphones, Bluetooth speakers and other products. [ 3 ] It was acquired by Mill Road Capital for $196.9 million and the deal was finalized on October 3, 2016, making Skullcandy a wholly owned private subsidiary of that company.
In 2003, Alden formed Skullcandy designing headphones and other audio products targeted as skiers, skateboarders and other outdoor activities. [3] The first Skullcandy product – the Skullcandy Portable LINK – was introduced at the 2003 Consumer Electronic Show (CES) in Las Vegas, where it won its first Design and Innovation Award.
Skullcandy is targeting adjusted earnings to grow 10% to 20% to between $1.10 a share and $1.20 a share. Net sales should grow by 18% to 27%. Analysts are roughly parked in the middle of the ranges.
In early 2011, the publicly traded Utah-based company, Skullcandy, purchased Astro Gaming for $10.8 million, acquiring all assets. [6] In 2016, Mill Road Capital purchased all outstanding stock of Skullcandy and its subsidiary, Astro Gaming. [7] In 2017, Logitech acquired Astro Gaming from Mill Road for $85 million. [8]
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[4] [6] Early entries in the series were basic affairs with matte plastic finishes; [4] in 2015 Toshiba began introducing C-Series Satellites with resin finishes imitating the look of stainless steel, included Skullcandy-manufactured speakers, and were optioned with touchscreen displays. [7]
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