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) has launched Sonos Voice Control for French users, enabling hands-free music control with a focus on privacy. Following its US debut on June 1st, this voice feature ensures that requests are processed locally, with no audio sent to the cloud. The update has already led to a 30% increase in music listening among its US users. This rollout is part of Sonos' commitment to enhancing user experience while safeguarding privacy, targeting broader audiences in France and beyond.
Sonos, Inc. (NASDAQ: SONO) has approved a new stock repurchase program of up to $100 million, aimed at enhancing shareholder value. This follows the completion of $250 million in stock repurchases since September 2019, including a $150 million program finalized in Q4 of fiscal 2022, where approximately 6.6 million shares were repurchased at an average price of $22.80 per share. The buyback may occur through various methods and will be funded by existing cash or future cash flows.
Sonos remains cautious due to potential market conditions and challenges.
Sonos, Inc. (NASDAQ: SONO) reported its fiscal 2022 results, highlighting a revenue increase of 2.1% year-over-year to $1.75 billion, with a gross margin decline of 180 basis points to 45.4%. GAAP net income fell to $67.4 million, with diluted EPS at $0.49. In Q4, revenue dropped 12% to $316.3 million and posted a GAAP net loss of $64.1 million. The company anticipates fiscal 2023 revenue between $1.7 billion and $1.8 billion, reflecting a potential decline of 3% to growth of 3%. Additionally, Eddie Lazarus was appointed CFO, succeeding in streamlining financial operations.
Sonos, Inc. (Nasdaq: SONO) will announce its fourth-quarter and fiscal year financial results on November 16, 2022, after market close. The earnings report will detail results for the period ending October 1, 2022. A press release and slide presentation will be available on the company's investor relations site. Following the announcement, Sonos will host a conference call at 5:00 p.m. Eastern Time to discuss the results, with live and replay access provided on their website.
Sonos (Nasdaq: SONO) has launched the Seasonal Audio Noise Tracking Aggregator (S.A.N.T.A.) Index, an innovative algorithm designed to identify the official start of the holiday season by measuring 'Jingle Waves' across 23 countries. This initiative will analyze user searches and plays of popular holiday songs and movies on the Sonos app, generating a daily score from 0-100. Once a score of 50 is reached, it will signal the start of the holiday season. To celebrate, Sonos will offer product giveaways and unlock new holiday-themed content on Sonos Radio.
Sonos has announced the launch of the Sonos Sub Mini, a new wireless subwoofer designed to deliver powerful bass in smaller rooms. Starting on October 6, the Sub Mini will be available globally for $429. This compact subwoofer features dual custom woofers and advanced processing that eliminate distortion, providing balanced sound alongside other Sonos speakers. The product enhances home theater experiences for movies, music, and gaming with an easy setup process via the Sonos app.
Sonos, Inc. (NASDAQ: SONO) announced that CEO Patrick Spence and Interim CFO Eddie Lazarus will participate in the Goldman Sachs Communacopia + Technology Conference on September 12, starting at 3:00 PM Pacific. The discussion will be available via a live webcast and replay on the Sonos investor relations website. Renowned for its multi-room wireless audio solutions, Sonos continues to enhance the sound experience for its users, emphasizing innovation and accessibility.
Axon has appointed Brittany Bagley as the new Chief Financial Officer and Chief Business Officer, effective September 26, 2022, replacing Jim Zito. Bagley, formerly CFO at Sonos, brings 17 years of financial experience, including a background at KKR & Co. and Goldman Sachs. Axon’s CEO, Rick Smith, expressed confidence in her ability to guide the company’s finance organization during its growth phase. Bagley aims to leverage Axon’s rapid software growth to enhance profitability and shareholder value.
Sonos, Inc. (NASDAQ: SONO) announces the resignation of CFO Brittany Bagley effective September 1, 2022, to pursue another opportunity. Eddie Lazarus, the Chief Legal Officer, will take over as interim CFO. Bagley has significantly contributed to Sonos' growth, market expansion, and shareholder value during her tenure. Lazarus brings extensive experience in financial management and strategic planning. Sonos will also discuss its third-quarter financial results in a conference call today at 5:00 p.m. Eastern Time.
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