earnings
confidence high
sentiment negative
materiality 0.70
Sonos Q2 FY2022 revenue $399.8M (+20% YoY); GAAP EPS $0.06; narrows FY2022 EBITDA outlook to $290-310M
Sonos Inc
2022-Q2 EPS reported
$0.94
revenue$1,064,262,000
- Revenue $399.8M (+20.1% YoY, +22.8% constant currency); GAAP net income $8.6M ($0.06 diluted EPS).
- Gross margin 44.8% (down 500 bps YoY); adjusted EBITDA $46.9M (margin 11.7% vs 14.6% prior year).
- FY2022 outlook: revenue maintained $1.95-2.0B; gross margin narrowed to 45.5-46.0% (from 46-47%); adjusted EBITDA narrowed to $290-310M.
- Free cash flow negative ($106.9M) in Q2; three new products announced.