STOCK TITAN

Sonos, Inc. - SONO STOCK NEWS

Welcome to our dedicated page for Sonos news (Ticker: SONO), a resource for investors and traders seeking the latest updates and insights on Sonos stock.

Sonos, Inc. (NASDAQ: SONO) is a leading innovator in home audio systems, revolutionizing the way people listen to music since its inception in 2002. The company's vision is to fill every home with music and make the listening experience truly valuable. Sonos offers a comprehensive range of products, including speaker sets, mounts, stands, cables, and networking accessories, ensuring high-quality sound in every room.

Operating in more than 60 countries and available in seven languages, Sonos has a global footprint with significant market presence in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The majority of its revenue is generated from the Americas. The company's products are available through thousands of retailers worldwide, making it easy for customers to access and enjoy high-fidelity audio.

Sonos continually invests in research and development to innovate and enhance the user experience. Recent achievements include the introduction of new hardware and software solutions designed to improve sound quality and user interface. These advancements enable users to discover new music and enjoy their favorite songs with superior audio performance.

With a commitment to excellence, Sonos partners with other technology and music industry leaders to bring cutting-edge features and integrations to its products. This dedication to quality and innovation has cemented Sonos's reputation as a pioneer in the home audio market.

For investors, Sonos presents a compelling opportunity to invest in a company that not only has a robust product lineup but also a clear vision for the future of home audio technology.

Rhea-AI Summary

Sonos (NASDAQ: SONO) released its 2024 Listen Better Report, highlighting environmental and social governance progress. The company introduced new products with sustainability features, including Sonos Ace headphones with recycled materials and Arc Ultra speakers with improved energy efficiency. The report details progress on their Climate Action Plan, showing a 6% decrease in total emissions compared to the previous year. Sonos strengthened its commitment to responsible business practices by integrating RBA Code of Conduct into its Supplier Code and supported diversity initiatives, including scholarships for women in sound engineering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.22%
Tags
none
-
Rhea-AI Summary

Sonos (SONO) has announced the Era 100 Pro, its first professional installation solution for light-commercial and residential spaces, available for pre-order with shipping starting January 28, 2025. The product features Power over Ethernet (PoE+) for simplified setup, a pro-grade surface mount for versatile orientation, and a new software feature called 'zones' for managing larger installations. Era 100 Pro will be sold exclusively in pairs through select Sonos partners and marks the company's hardware debut in the $2B light commercial audio market, following their SaaS product Sonos Pro.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
none
-
Rhea-AI Summary

Sonos (SONO) reported fiscal 2024 results with revenue of $1.52 billion and a GAAP net loss of $38.1 million. Fourth quarter revenue was $255.4 million with a net loss of $53.1 million. The company's GAAP gross margin for the fiscal year was 45.4%. Despite headwinds in the audio category, Sonos launched new products including Arc Ultra and Sub 4 for the holiday season, following software improvements. The company noted an increase in new products per home in Fiscal 2024, though facing overall audio category challenges.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
Rhea-AI Summary

Sonos has scheduled its fourth quarter and fiscal 2024 financial results announcement for November 13, 2024, after market close. The company will release financial results for the period ended September 28, 2024, accompanied by a slide presentation. A conference call and Q&A session will be held at 5:00 p.m. Eastern Time, accessible via webcast or phone. The webcast replay and transcript will be available after the call through the investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
conferences earnings
-
Rhea-AI Summary

Sonos (SONO) has unveiled Arc Ultra, a new premium soundbar featuring revolutionary Sound Motion™ transducer technology. This innovation significantly reduces transducer size while enhancing bass performance, delivering up to double the bass of its predecessor with a 9.1.4 spatial audio experience. Alongside Arc Ultra, Sonos introduced Sub 4, an updated subwoofer with improved design and internals.

The company also announced substantial improvements to its app, addressing performance issues and reintroducing 90% of missing features. Arc Ultra, priced at $999, and Sub 4, at $799, will be available from October 29, 2024. Both products feature enhanced sustainability efforts, including improved serviceability and reduced power consumption.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
none
-
Rhea-AI Summary

Sonos (NASDAQ: SONO) has announced seven new commitments following an internal review of its app release in May. These commitments aim to address root causes of app problems and regain customer trust. Key initiatives include:

1. Enhancing customer experience focus
2. Increasing pre-launch testing stringency
3. Gradual release of major app changes
4. Appointing a Quality Ombudsperson
5. Extending home speaker warranties
6. Regular software upgrades
7. Establishing a Customer Advisory Board

Sonos CEO Patrick Spence emphasized the company's dedication to fixing the app and improving customer experience. The Executive Leadership Team will forgo annual bonuses unless app quality improves and customer trust is rebuilt. Sonos reports that 80% of missing app features have been reintroduced, with nearly 100% expected to be restored soon.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.91%
Tags
none
Rhea-AI Summary

Sonos (Nasdaq: SONO) and Sporty & Rich have unveiled the Sonos Ace x Sporty & Rich Edition headphones, priced at $449. This collaboration capitalizes on the popular 'tenniscore' trend, blending high-quality audio with fashionable design. The headphones feature:

  • Custom details including the Sporty & Rich crest
  • A couture case with green accents
  • Tennis-inspired packaging
  • Sonos Ace's signature sound quality
  • Active Noise Cancellation and Aware Mode

Available exclusively on the Sporty & Rich website and NYC flagship store, these headphones aim to elevate the tenniscore aesthetic while delivering premium audio performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Sonos (Nasdaq: SONO) released its Q3 fiscal 2024 results, showing revenue of $397.1 million, a 6.4% increase YoY.

GAAP net income was $3.7 million with diluted EPS of $0.03, while Non-GAAP net income was $29.5 million, yielding an EPS of $0.23. The gross margin improved to 48.3%.

Despite the positive fiscal performance, the company faced issues with its new app rollout, prompting a reduction in fiscal 2024 guidance.

Sonos highlighted the successful launch of its first headphone, Ace, contributing to the revenue growth. Adjusted EBITDA for the quarter was $48.9 million.

The company will discuss its fiscal 2024 outlook in the earnings call, with further details available in their supplemental earnings presentation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
-
Rhea-AI Summary

Sonos (Nasdaq: SONO) has announced that it will release its third quarter fiscal 2024 financial results on Wednesday, August 7, 2024, after the market closes. The company will issue a press release and accompanying slide presentation, which will be available on their investor relations website. Following the release, Sonos will host a conference call and Q&A session at 5:00 p.m. Eastern Time to discuss the results.

Investors and interested parties can access the live webcast of the conference call through the Sonos investor relations website. For those unable to attend the live event, a replay of the webcast and transcript will be made available afterwards. Additionally, participants can join the call via phone by dialing 1 (888) 330-2454 (U.S. toll-free) or 1 (240) 789-2714 (international) using the conference ID 8641747.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
conferences earnings
Rhea-AI Summary

Sonos announced that its CFO, Saori Casey, and Head of Investor Relations, James Baglanis, will participate in the Maxim Group Virtual Tech Conference on June 5.

The event will feature a fireside chat at 8:30 am Eastern, which will be webcast live and available for replay on the Sonos investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
none

FAQ

What is the current stock price of Sonos (SONO)?

The current stock price of Sonos (SONO) is $14.56 as of December 11, 2024.

What is the market cap of Sonos (SONO)?

The market cap of Sonos (SONO) is approximately 1.7B.

What does Sonos, Inc. do?

Sonos, Inc. provides innovative home audio systems, including speakers, mounts, stands, cables, and networking accessories.

In which regions does Sonos operate?

Sonos operates globally in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Where does Sonos generate most of its revenue?

The majority of Sonos's revenue comes from the Americas.

How many countries is Sonos available in?

Sonos products are available in more than 60 countries.

What makes Sonos products unique?

Sonos products offer high-fidelity audio and an enhanced user experience through continuous innovation and quality.

What languages are Sonos products available in?

Sonos products are available in seven languages.

What recent achievements has Sonos made?

Sonos has introduced new hardware and software solutions that enhance sound quality and user experience.

Who are some of Sonos's partners?

Sonos collaborates with various technology and music industry leaders to integrate new features into its products.

What is the vision of Sonos, Inc.?

Sonos aims to fill every home with music, making the listening experience valuable and enjoyable with high-quality sound.

How can I purchase Sonos products?

Sonos products are available through thousands of retailers worldwide.

Sonos, Inc.

Nasdaq:SONO

SONO Rankings

SONO Stock Data

1.74B
119.34M
1.94%
91.78%
7.16%
Consumer Electronics
Household Audio & Video Equipment
Link
United States of America
SANTA BARBARA