Sonos Inc (OQ:SONO)
Business Focus: Home Audio
| Sector: Technology | Industry: Household Electronics |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 614 Chapala Street SANTA BARBARA CA 93101 |
| Tel: | N/A |
| Website: | https://www.sonos.com |
| IR: | See website |
| Key People | ||
| Patrick Spence President, Chief Executive Officer, Director | Saori Casey Chief Financial Officer | Shamayne Braman Chief People Officer |
| Maxime Bouvat-Merlin Chief Product Officer | Deirdre Findlay Chief Commercial Officer | Nicholas Millington Chief Innovation Officer | Edward P. Lazarus Chief Legal and Strategy Officer, Corporate Secretary |
| Business Overview |
| Sonos, Inc. designs, develops, manufactures and sells audio products and services. The Company has developed multi-room, wireless audio products. Its platform has a broad range of more than 130 streaming content providers, such as Apple Music, Spotify and Pandora. The Company outsources the manufacturing of its speakers and components to contract manufacturers, who produce its products based on its design specifications. Its product categories include speakers, portable speakers, home theater, sets, architectural, audio components and accessories. The Company's products include Arc, Beam (Gen 2), Ray, Era 100, Era 300, Roam, Move 2, Sub (Gen 3), Sub Mini, Five and Amp. Its partner products include Sonos Pro, Audi Partnership, Sonos Radio HD, Sonos Radio, Sonos Architectural by Sonance, IKEA module units and accessories. Its Move 2 product is a portable, battery-powered smart speaker that delivers spacious stereo sound, with water-resistant design for outdoor and indoor listening. |
| Financial Overview |
| For the three months ended 30 December 2023, Sonos Inc revenues decreased 9% to $612.9M. Net income increased 8% to $80.9M. Revenues reflect Sonos speakers segment decrease of 7% to $503M, Europe, Middle East and Africa segment decrease of 20% to $191.8M, Units Sold - Number - Total decrease of 15% to 2.1M. Net Income benefited from General and administrative - Balancing decrease of 55% to $33.8M (expense). |
| Employees: | 1,867 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,622M as of Dec 30, 2023 |
| Annual revenue (TTM): | $1,596M as of Dec 30, 2023 |
| EBITDA (TTM): | $68.03M as of Dec 30, 2023 |
| Net annual income (TTM): | -$4.52M as of Dec 30, 2023 |
| Free cash flow (TTM): | $151.85M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 123,843,001 as of Jan 29, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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