Sonos Stock Price, News & Analysis

Sonos has launched a new curated station on Sonos Radio, called SOLARSYSTYM, featuring music selections by award-winning artist Lorde. This station offers an insight into Lorde's musical influences from her teenage years to present. Fans can also participate in weekly giveaways for a sustainably-designed Roam carry bag. Sonos Radio provides a wide array of radio content and exclusive stations, enhancing the listening experience for users worldwide. The station and the giveaways are available globally.

Sonos, Inc. reported a 20.1% year-over-year increase in revenue for Q2 2022, totaling $399.8 million, with a constant-currency increase of 22.8%. However, gross margins fell by 500 basis points to 44.8%, leading to a GAAP net income decline to $8.6 million from $17.2 million the previous year. The non-GAAP net income also decreased to $35.8 million from $44.6 million. The company maintained its fiscal 2022 revenue outlook of $1.95 billion to $2.0 billion, but adjusted guidance showed a reduction in expected gross margins to 45.5% to 46.0%.

Sonos (Nasdaq: SONO) has launched Sonos Voice Control, a new voice experience designed exclusively for hands-free music control with an emphasis on privacy. This feature operates on all voice-capable Sonos speakers, processing commands locally without sending data to the cloud. Available from June 1 in the US and expanding to France later, it supports various music services like Apple Music and Amazon Music. Giancarlo Esposito provides the voice for the control system, ensuring a natural interaction.

Sonos, Inc. (NASDAQ: SONO) will release its second-quarter financial results after market close on May 11, 2022, covering the period ended April 2, 2022. The earnings report will be accompanied by a slide presentation available on their investor relations website. A conference call and Q&A session will occur at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the call live or via toll-free number. Sonos is recognized for its innovation in multi-room wireless audio systems.

Sonos, Inc. (NASDAQ: SONO) announced its acquisition of Mayht Holding BV for approximately $100 million in cash. Mayht has developed innovative audio transducer technology enabling smaller, lighter speakers without sacrificing sound quality. This acquisition is expected to enhance Sonos' product portfolio, offering a competitive advantage by integrating Mayht’s technology and intellectual property. The acquisition's financial details will be disclosed during Sonos’ Q2 earnings call in May. CEO Patrick Spence emphasized its potential to revolutionize the audio experience.

Sonos, Inc. (NASDAQ: SONO) will have its CEO Patrick Spence and CFO Brittany Bagley participate in the Morgan Stanley Technology, Media and Telecom conference on March 9, 2023, at 1:15 p.m. Pacific Time. The discussion will be available via live webcast on the Sonos investor relations website. Known for its multi-room wireless home audio innovations, Sonos is dedicated to delivering exceptional sound experiences. For further details, visit their official site or the investor section.

Sonos, Inc. (Nasdaq: SONO) reported a 3% year-over-year revenue increase to $664.5 million for Q1 fiscal 2022. Gross margin improved by 140 basis points to 47.8%. GAAP net income was $123.5 million, down from $132.3 million last year, with GAAP diluted EPS at $0.87, compared to $1.01 previously. The company raised its fiscal 2022 revenue guidance to between $1.95 billion and $2.0 billion, indicating a growth of 14% to 16%. For fiscal 2024, Sonos targets around $2.5 billion in revenue, a 13% CAGR.

Sonos, Inc. (NASDAQ: SONO) will announce its financial results for Q1 2022 on February 9, 2022, after market close. The results will be accompanied by a press release and slide presentation available on their investor relations website. A conference call will also take place at 5:00 PM ET that day, which will include a Q&A session. Investors can join the call toll-free or access a live webcast. Sonos is known for pioneering multi-room wireless home audio, enhancing the listening experience with innovative sound solutions.