secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0000950170-23-002139
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonos Q1 FY2023 revenue $672.6M (+1.2% YoY); GAAP EPS $0.57, Non-GAAP $0.79; maintains FY guidance
--------------------------------------------------------------------------------

- Revenue $672.6M, up 1.2% YoY (constant-currency growth ~7%); gross margin 42.4%, down 540 bps.
- GAAP net income $75.2M ($0.57 EPS) vs $123.5M ($0.87 EPS) a year ago.
- Non-GAAP net income $103.4M ($0.79 EPS) vs $146.1M ($1.03 EPS); Adjusted EBITDA $123.9M (18.4% margin).
- Free cash flow $167.6M; inventories $306.1M, down 33% from prior quarter (finished goods down 36%).
- Fiscal 2023 outlook reaffirmed; management cites record Q1 revenue despite macroeconomic headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023002139/0000950170-23-002139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023002139/sono-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002139

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer