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 (SONO) delivers premium home sound systems that redefine audio experiences through innovative wireless speakers and smart home integration. This news hub provides investors and industry observers with essential updates about the company's market position and technological advancements.
Access official press releases and curated analysis covering product launches, financial results, and strategic partnerships. Our repository simplifies tracking of Sonos' developments in acoustic engineering, software updates, and global expansion efforts.
Discover updates across key categories including quarterly earnings reports, new product certifications, executive leadership changes, and collaborations within the smart home ecosystem. All content is verified through primary sources to ensure reliability.
Bookmark this page for streamlined monitoring of Sonos' innovations in multi-room audio systems and competitive developments within the consumer electronics sector. Check regularly for real-time updates that impact market understanding and investment decisions.
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.
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.
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.
Sonos (NASDAQ: SONO) has launched its first headphones, Sonos Ace, marking its entry into the personal audio market. The over-the-ear Bluetooth headphones offer high-fidelity sound, Active Noise Cancellation (ANC), and Aware Mode, along with Sonos' new TrueCinema technology for a surround sound home theater experience. Available globally in Black and Soft White from June 5, 2024, at $449, the headphones feature custom-designed drivers, spatial audio with Dolby Atmos, dynamic head tracking, and a 30-hour battery life. Sonos Ace is designed for comfort with lightweight, premium materials, and includes eco-friendly components such as replaceable ear cushions and a recycled travel case.
Sonos reported solid second quarter fiscal 2024 results, exceeding expectations despite challenges. The company launched a revamped Sonos app and is set for a new product release. Financially, revenue was $252.7 million, with a gross margin of 44.3%. GAAP net loss was ($69.7) million, and non-GAAP net loss was ($42.1) million. Adjusted EBITDA was ($33.6) million. Fiscal 2024 outlook includes revenue of $1.6-$1.7 billion and adjusted EBITDA of $150-$180 million. Conference call and webcast on May 7, 2024.
FAQ
What is the current stock price of Sonos (SONO)?
What is the market cap of Sonos (SONO)?
