Sonder Holdings Inc (OQ:SOND)
Business Focus: Hotels, Motels & Cruise Lines
| Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 447 Sutter St. Suite 405, #542 SAN FRANCISCO CA 94108 |
| Tel: | N/A |
| Website: | https://www.sonder.com |
| IR: | See website |
| Key People | ||
| Francis Davidson Chairman of the Board, Chief Executive Officer | Deeksha Hebbar Chief Operating Officer | Thomas Buoy Chief Commercial Officer and Executive Vice President |
| Adam K. Bowen Chief Accounting Officer | Philip Rothenberg General Counsel, Secretary | Martin Picard Chief Real Estate Officer |
| Business Overview |
| Sonder Holdings Inc. is a hospitality company. The Company provides a variety of accommodation options, from spacious rooms to fully equipped suites and apartments. It works with real estate owners to lease properties that meet its furnish and decorate them to provide a design-led, technology-enabled experience, and then make them available for guests to book directly through the Sonder app, its Website, or its sales personnel or through indirect channels, such as Airbnb, Expedia, Booking.com, and other online travel agencies. It manages its properties using third-party technologies and delivers services to guests through the Sonder app and 24/7 on-the-ground support. It has a diverse product portfolio serves various traveler types, including leisure travelers, families, digital nomads, and business travelers. It has approximately 11,100 units available for guest bookings (Live Units) across 43 cities and 10 countries. |
| Financial Overview |
| For the nine months ended 30 September 2023, Sonder Holdings Inc revenues increased 35% to $439M. Net loss increased 81% to $196M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Change in fair value of Earn Out liabili decrease of 98% to $2.1M (income), Rent expense increase of 27% to $242.4M (expense). |
| Employees: | 993 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $74.51M as of Sep 30, 2023 |
| Annual revenue (TTM): | $573.81M as of Sep 30, 2023 |
| EBITDA (TTM): | -$218.44M as of Sep 30, 2023 |
| Net annual income (TTM): | -$269.78M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$114.57M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $31.35M as of Sep 30, 2023 |
| Shares outstanding: | 11,064,738 as of Nov 1, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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