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 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.
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