Sonos Stock Price, News & Analysis

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.

Sonos, Inc. (Nasdaq: SONO) reported its third-quarter fiscal 2022 results, revealing a 1.8% year-over-year revenue decline to $371.8 million, though revenue rose 2.2% in constant currency. Net loss was $0.6 million, reversing from a profit of $17.8 million in the prior year. Non-GAAP net income fell to $25.6 million from $38.7 million. Adjusted EBITDA decreased to $42.1 million with a margin of 11.3%. Revised fiscal 2022 revenue guidance is now $1.730 to $1.755 billion, down from $1.95 to $2.0 billion.

Sonos, Inc. (NASDAQ: SONO) will report its financial results for Q3 ended July 2, 2022, after market close on August 10, 2022. The earnings release and slide presentation will be available on their investor relations page. A conference call will follow at 5:00 PM ET, allowing for a Q&A session. Investors can listen live via webcast or dial in toll-free at 888-330-2454 (internationally at 240-789-2714) using conference ID 8641747. Sonos is known for its innovative multi-room wireless audio systems, enhancing sound experiences globally.

Sonos, Inc. (Nasdaq: SONO) announced the participation of Chief Financial Officer Brittany Bagley in two upcoming investor conferences. The events include the Jefferies Software Conference on June 2, 2022, and the BofA Securities 2022 Global Technology Conference on June 8, 2022. A live webcast of both conferences will be available on Sonos’ investor relations website. Sonos is recognized as a leading brand in multi-room wireless home audio, committed to delivering exceptional sound experiences and user-friendly technology.

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has selected Sonos Inc. (NASDAQ: SONO) as the "Stock to Study" and United Rentals Inc. (NYSE: URI) as the "Undervalued Stock" for the August 2022 issue. This decision comes amid recent share-price declines in the market. Ken Zendel, CEO of the National Association of Investors, emphasized the importance of reviewing investment strategies to avoid common mistakes. Investors can utilize BetterInvesting’s online tools to assess these stocks further.