secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0000950170-22-025310
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonos Q4 revenue down 12% YoY; appoints CFO Lazarus; authorizes $100M buyback
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- FY2022 revenue $1,752.3M (+2.1% YoY); GAAP EPS $0.49 vs $1.13; Non-GAAP EPS $1.20 vs $1.77.
- Q4 revenue $316.3M (-12% YoY); GAAP net loss $64.1M ($0.50 loss per share); Non-GAAP net loss $40.4M ($0.32 loss per share).
- FY2022 Adjusted EBITDA $226.5M (12.9% margin) vs $278.6M (16.2%); Q4 Adj. EBITDA loss $25.6M.
- Appointed Eddie Lazarus as permanent CFO effective immediately; he remains Chief Legal Officer.
- Board authorized $100M stock repurchase program; completed prior $150M program repurchasing 6.6M shares at avg $22.80.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000095017022025310/0000950170-22-025310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000095017022025310/sono-20221115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025310

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