secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0000950170-22-016477
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonos Q3 revenue $371.8M (-1.8% YoY), net loss $0.6M; FY22 revenue guidance cut to $1.73-1.755B; CFO Bagley resigns
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- GAAP net loss of $0.6M vs net income $17.8M last year; GAAP diluted EPS $0.00 vs $0.12.
- Non-GAAP diluted EPS $0.19 vs $0.27; Adjusted EBITDA $42.1M vs $46.7M; free cash flow -$16.0M.
- FY22 revenue guidance slashed to $1.73B-$1.755B from $1.95B-$2.0B; EBITDA guidance cut to $215M-$230M from $290M-$310M.
- CFO Brittany Bagley resigns effective Sept 1, 2022; CLO Eddie Lazarus appointed interim CFO.
- FY2024 revenue target of $2.5B and EBITDA margin 15-18% timeline extended beyond FY2024 due to macro uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000095017022016477/0000950170-22-016477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000095017022016477/sono-20220805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-016477

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