Sonos Reports First Quarter Fiscal 2024 Results
Sonos, Inc. (SONO)
Last sonos, inc. earnings: 2/5 04:05 pm
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Source: Business Wire
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported first quarter fiscal 2024 results.First Quarter Fiscal 2024 Financial Highlights (unaudited)Revenue decreased 8.9% year-over-year to $612.9 million; on a constant-currency basis, revenue decreased 10.5% year-over-yearGross margin increased 374 basis points year-over-year to 46.1%GAAP net income of $80.9 million compared to $75.2 million last yearGAAP diluted earnings per share (EPS) of $0.64 compared to $0.57 last yearNon-GAAP net income1 of $106.1 million compared to $103.4 million last yearNon-GAAP diluted EPS1 of $0.84 compared to $0.79 last yearGAAP net income margin of 13.2% compared to 11.2% last yearAdjusted EBITDA1 of $115.2 million compared to $123.9 million last yearAdjusted EBITDA margin1 of 18.8% compared to 18.4% last yearFree cash flow of $269.3 million. Cash flows from operating activities of $275.4 millionInventories of $173 million, decreased 50% from last quarterFinished goods of $1
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SONO
News
- Sonos (SONO) Redesigns Sonos App to Boost User Experience [Yahoo! Finance]Yahoo! Finance
- Sonos Unveils Completely Reimagined Sonos App, Bringing Services, Content and System Controls to One Customizable Home ScreenBusiness Wire
- Sonos Announces Date for Second Quarter Fiscal 2024 Financial Results and Conference CallBusiness Wire
- US court allows Google speaker imports in Sonos patent fight [Reuters]Reuters
- Home Audio Components Market to Reach $64.4 Billion, Globally, by 2032 at 11.1% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
SONO
Earnings
- 2/6/24 - Beat
SONO
Sec Filings
- 4/12/24 - Form 4
- 4/10/24 - Form 144
- 4/8/24 - Form 4
- SONO's page on the SEC website