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Stock impact report

Sonos Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]

Sonos, Inc. (SONO) 
Last sonos, inc. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
"Thanks to the hard work of our team, and the strength of our brand and product portfolio, we delivered results that slightly exceeded our expectations in our second quarter despite the challenging environment," Sonos CEO Patrick Spence commented. "Today marks the launch of our completely reimagined Sonos app, which is our most extensive app redesign ever. This is a major step in enabling our multi-year product cycle and sets us up well for the launch of our highly anticipated new product later this quarter." "Our Q2 results show our commitment to execution. With a solid first half behind us, we are well positioned to deliver on our Fiscal 2024 guidance," said Sonos CFO Saori Casey. Second Quarter Fiscal 2024 Financial Highlights (unaudited) Revenue of $252.7 million Gross margin of 44.3% GAAP net loss of ($69.7) million, GAAP diluted loss per share (EPS) of ($0.56) Non-GAAP net loss of ($42.1) million, Non-GAAP diluted EPS of ($0.34) Adjusted EBITDA of ($33.6) million Show less Read more
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