Sonos (SONO) Tops Q3 EPS by 13c, Revenue and Guidance Miss Consensus

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Sonos Reports Third Quarter Fiscal 2022 Results

August 10, 2022 4:05 PM EDT

SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported third quarter fiscal 2022 results.

Third Quarter 2022 Financial Highlights (unaudited)

Revenue decreased 1.8% year-over-year to $371.8 million; on a constant-currency basis, revenue increased approximately 2.2% year-over-year Gross margin increased 30 basis points year-over-year to 47.3% GAAP net loss of $0.6 million compared to GAAP net income of $17.8 million last year; non-GAAP net income excluding stock-based compensation and legal and transaction related fees of $25.6 million compared to $38.7 million last year GAAP diluted earnings per share (EPS) of $0.00 compared to $0.12 last year;... More