Revenue segments as reported by the company.

Sonos speakers

Sonos system products

Partner products and other revenue

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Sales and marketing

General and administrative

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Sonos

Sonos, Inc. engages in the provision of multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts and audiobooks, with control from Android smartphones, iPhone or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in August 2002 and is headquartered in Santa Barbara, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sonos reports record revenue in Q1, eyes growth opportunities

Sonos pleased with Q1 performance, emphasizing focus on controllable factors amid consumer uncertainty. Confident in product roadmap despite emerging competition, particularly from Apple. Acknowledges pandemic impact with stay-at-home tailwinds and new customer contributions.

Sonos reports successful quarter amidst revenue challenges and strategic growth

Sonos navigated challenges in Q2 2023 while maintaining focus on innovation and profitability.
The company's strategic initiatives like Sonos Pro and direct-to-consumer approach position it well for growth.
Despite industry challenges, Sonos remains committed to leveraging technology and customer satisfaction for sustained success.

Sonos reports robust Q3 earnings, eyes new product categories

Sonos showcased strong financial performance in Q3, with revenue growth, expanded gross margin, and higher than expected EBITDA.
The company's focus on profitability, cost management, and product innovation positions it well for sustainable growth and market leadership.
While facing challenges of workforce reduction and market expansion, Sonos remains confident in its guidance and strategic direction for future success.

Sonos meets revenue targets, plans cost optimization for sustainable growth

Sonos' performance in Q4 and fiscal 2023 was solid, with a focus on maintaining market share, introducing new products, and cost reduction measures. Despite challenges with litigation, Sonos is optimistic about future growth opportunities through new product introductions and customer attraction strategies.

Sonos reports robust Q1 results, eyes new markets for growth

Sonos delivered strong financial performance in Q1 2024, exceeding expectations and setting ambitious targets for fiscal 2024.
The company's strategic focus on new product launches, market expansion, and operational efficiency positions it for future growth.
While facing challenges in expense management and margin maintenance, Sonos is leveraging opportunities in new markets and partnerships.

Sonos reports solid Q3 performance amidst app challenges and opportunities

Sonos faced challenges with the new app impacting sales outlook, but demonstrated strong financial performance in Q3.
The company's strengths include revenue growth, margin improvement, and a focus on innovation and customer satisfaction.
Addressing app issues presents short-term challenges but also opportunities for operational enhancement and market positioning.
Sonos' commitment to resolving issues, investing in customer support, and returning value to shareholders underpin its strategic resilience.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

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Short term debt

Income tax payable

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sonos, Inc. engages in the provision of multi-room wireless audio products. It supports streaming services and provides access to music, Internet radio, podcasts and audiobooks, with control from Android smartphones, iPhone or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in August 2002 and is headquartered in Santa Barbara, CA.

Sonos's (SONO) fiscal fourth-quarter performance is affected due to softness across Sonos speakers and Sonos system products segments.

Sonos (SONO) Q4 Earnings & Revenues Miss Estimates, Fall Y/Y

Sonos, Inc. (NASDAQ:SONO ) Q3 2023 Earnings Call Transcript November 15, 2023 5:00 PM ET Company Participants James Baglanis - Senior Director, Investor Relations Patrick Spence - Chief Executive Officer Edward Lazarus - Chief Financial Officer and Chief Legal Officer Conference Call Participants Tom Forte - D.A. Davidson Steve Frankel - Rosenblatt Erik Woodring - Morgan Stanley Jason Haas - Bank of America Alex Fuhrman - Craig-Hallum Capital Group Jake Norrison - Raymond James David Lustberg - Jefferies Operator Good afternoon.

Sonos, Inc. (SONO) Q3 2023 Earnings Call Transcript

The headline numbers for Sonos (SONO) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Sonos (SONO) Q4 Earnings: A Look at Key Metrics

Sonos (NASDAQ:SONO) shares rose nearly 3% in extended trading Wednesday on a fiscal fourth-quarter loss that came in narrower than expected.  The audio technology company posted revenue of $305.1 million, down 3.5% year-over-year but above Street expectations of  $299.4 million.

Sonos delivers loud and clear fiscal 4Q earnings beat

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (NASDAQ: SONO) today reported fourth quarter and fiscal 2023 results. Fiscal 2023 Financial Highlights (unaudited) Revenue decreased 5.5% year-over-year to $1,655.3 million; on a constant-currency basis, revenue decreased 3.3% year-over-year Gross margin decreased 220 basis points year-over-year to 43.3% GAAP net loss of $10.3 million compared to net income of $67.4 million last year GAAP diluted loss per share of $(0.08) compared to GAAP dilu.

Sonos Reports Fourth Quarter and Fiscal 2023 Results

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $200 million. Since September 2019, the company has completed $350 million in stock repurchases, including its most recent $100 million stock repurchase program which it completed in the fourth quarter of fiscal 2023. Under its most recently completed authorization, the company repurchased approximately 6.6 million shares at an.

Sonos Announces $200 Million Stock Repurchase Program and Completion of Previous Stock Repurchase Program

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Sonos (SONO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2023.

Seeking Clues to Sonos (SONO) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

An analyst downgraded his recommendation on the company's shares. He feels that they now only rate a neutral.

Why Sonos Stock Wasn't Music to Investors' Ears Today

Sonos (NASDAQ:SONO), the wireless speaker company known for its smart speakers, has been downgraded to ‘Neutral' from ‘Buy' by analysts at Bank of America (BofA) Securities due to ongoing softness in consumer electronics spending. In a note to clients, the BofA analysts also lowered their price target to $12, from $20, citing the long replacement cycle of home audio products, weak housing turnover, and Sonos (NASDAQ:SONO)' elevated inventory and promotions.

Sonos cut to ‘Neutral' as BofA presses pause due to ongoing softness in consumer electronics spending

A BofA Securities analyst sounded caution on shares of Sonos Inc. Tuesday, downgrading the stock amid concerns about promotional activity and weakness in the consumer-electronics market.

Sonos's stock dinged as BofA ends bullish call

Sonos, Inc. has experienced significant pressure on sales and margins, leading to a decline in realistic earnings. Despite a strong product lineup, product superiority has not translated into superior financial performance. The company's net cash holdings have decreased substantially, and the outlook for sales and margins remains weak.

Sonos: A Mixed Bag

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Vizio Holding Corp

While the innovation sphere experienced a dramatic rise in attention, the fear of holding the bag might lead more investors to consider the (possible) virtue of targeting de-risked tech stocks. That's a euphemism I picked up somewhere.

7 De-Risked Tech Stocks to Pick Up for Cheap

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, November 15, 2023 the company will report financial results for the fourth quarter and fiscal year ended September 30, 2023. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A.

Sonos Announces Date for Fourth Quarter and Fiscal 2023 Financial Results and Conference Call

Panasonic Holdings Corp

Investors with an interest in Audio Video Production stocks have likely encountered both Panasonic Corp. (PCRFY) and Sonos (SONO). But which of these two stocks is more attractive to value investors?

PCRFY vs. SONO: Which Stock Should Value Investors Buy Now?

Alphabet

A California judge has thrown out a $32.5 million verdict win for Sonos against Google after two of Sonos' patents were deemed unenforceable and invalid. As a result, Google has started to re-introduce software features it had removed due to Sonos' lawsuit.

Federal judge throws out $32.5 million win for Sonos against Google

Google has been let off paying wireless audio firm Sonos (NASDAQ:SONO) US$32.5 million after a California federal judge found the latter's patents to be “unenforceable”. Judge William Alsup ruled on Friday that Sonos (NASDAQ:SONO) had incorrectly linked patents for its multi-room technology to a 2006 application for the rights.

Google swerves Sonos damages payment on ‘unenforceable' patents

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today introduced new members of its executive management team. Deirdre Findlay joins as its new Chief Commercial Officer with responsibilities spanning all go-to-market and customer experience functions, while Dunja LaRosa joins as Chief Revenue Officer, responsible for overseeing Sonos' key sales channels, and veteran Sonos executive Maxime Bouvat-Merlin was recently named Chief Product Officer, leading the global product and o.

Preparing for the opportunity ahead, Sonos bolsters Leadership Team

Bragg Gaming Group

Guess?

Hilton Worldwide Holdings

Stocks like Guess?, Inc. (GES), Sonos, Inc. (SONO), Bragg Gaming Group Inc. (BRAG) and Hilton Worldwide Holdings Inc. (HLT) should benefit from the rise in personal spending and income.

4 Solid Stocks to Buy on Jump in Personal Income, Spending

Chewy

Lovesac Company

Chewy is the Amazon of online pet care. Sonos has delivered strong growth with its forward-thinking solutions in home audio.

Wall Street Is Bullish on These 3 Top Stocks: Are They a Buy?

Snap

SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today that Patrick Spence, Chief Executive Officer and member of the board of directors of Sonos, Inc. (NASDAQ: SONO), has been appointed to the company's board of directors, effective as of September 14, 2023. “We are excited to welcome Patrick to Snap's board and we are grateful for the opportunity to benefit from his extensive experience building innovative products,” said Evan Spiegel, co-founder and Chief Executive Off.

Patrick Spence Joins Snap Inc. Board of Directors

Sonos (SONO) adds that the new speaker delivers up to 24 hours of battery life, which is double the playback time of the original Move speaker.

Sonos (SONO) Unveils Next-Generation Portable Move Speaker

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos Introduces Move 2, Revamped Inside and Out to Deliver Heart-Pumping Stereo Sound.

Sonos Introduces Move 2, Revamped Inside and Out to Deliver Heart-Pumping Stereo Sound

Sonos (SONO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -20.42% in 4 Weeks, Here's Why Sonos (SONO) Looks Ripe for a Turnaround

Nextdoor

Sonos and Nextdoor have low market caps, and their enterprise values are even lower, given their strong net-cash positions. Sonos will end its streak of 17 years of positive revenue growth, but it remains a market leader in the dynamic wireless home speaker market.

These 2 Under-the-Radar Stocks Have Incredibly Bright Futures

The heavy selling pressure might have exhausted for Sonos (SONO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

News for Sonos Stock (SONO)