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. reports developments for a consumer audio business built around a connected sound system for music, movies, stories and conversations. Its news commonly covers financial results, product introductions and platform updates across home theater speakers, components, plug-in and portable speakers, headphones and professional installation products.
Company updates also address software experience, marketing execution, expansion in growth markets, conference participation and board governance. Recent product-related announcements include Sonos Play, Era 100 SL and Amp Multi, reflecting the company's focus on multi-room audio, home integration and scalable residential sound systems.
Sonos, Inc. (SONO) reported strong financial results for Q4 and fiscal 2020, achieving a GAAP net income of $18.4 million compared to a net loss of $29.6 million last year. The non-GAAP net income rose to $40.7 million from a loss of $16.6 million. Revenue surged 16% year-over-year to $339.8 million, with direct-to-consumer sales increasing by 67%. For fiscal 2021, Sonos forecasted revenue between $1.44 billion and $1.5 billion, reflecting an 11% to 15% growth. The company expects adjusted EBITDA margins of 12% to 14%, which exceeds prior targets.
Sonos, Inc. (Nasdaq: SONO) will report its financial results for the fourth quarter and fiscal year ended October 3, 2020, after market close on November 18, 2020. A press release and slide presentation will be available on their investor relations page. The company will also host a conference call and Q&A session at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the call toll-free by dialing (833) 921-1637 or via the provided links for the live webcast and subsequent replay.
AAMP Global, a leader in vehicle aftermarket technology, has appointed Matthew Siegel to its Board of Directors. Siegel, who serves as the Chief Commercial Officer at Sonos (SONO), brings extensive experience in digital marketing. His past roles include Vice President of Global Digital Commerce at Nike and Executive Vice President of eCommerce at ANN, Inc. AAMP expects his expertise to enhance its digital strategy and omni-channel growth as the company expands its vehicle technology solutions.
Sonos (Nasdaq: SONO) is partnering with Disney+ for a strategic marketing campaign celebrating the season two premiere of “The Mandalorian” on October 30. The campaign will emphasize the series' immersive sound and original score, featuring iconic audio elements from the show. Customers purchasing select Sonos products will receive six months of Disney+ for new subscribers in select countries. Additionally, composer Ludwig Göransson will launch a curated station on Sonos Radio, showcasing music that inspires him. This initiative aims to enhance the user experience and attract fans globally.