Sonos (SONO) Tops Q4 EPS by 10c, Offers Guidance

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Go back to Sonos (SONO) Tops Q4 EPS by 10c, Offers Guidance

Sonos Reports Fourth Quarter and Fiscal 2023 Results

November 15, 2023 4:05 PM EST

SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (NASDAQ: SONO) today reported fourth quarter and fiscal 2023 results.

Fiscal 2023 Financial Highlights (unaudited)

Revenue decreased 5.5% year-over-year to $1,655.3 million; on a constant-currency basis, revenue decreased 3.3% year-over-year Gross margin decreased 220 basis points year-over-year to 43.3% GAAP net loss of $10.3 million compared to net income of $67.4 million last year GAAP diluted loss per share of $(0.08) compared to GAAP diluted earnings per share (EPS) of $0.49 last year Non-GAAP net income1 of $121.4 million compared to $171.1... More