secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020517
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonos Q2 FY2023 revenue down 23.9% to $304.2M; GAAP net loss $30.7M; board chair changes
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- Revenue $304.2M, down 23.9% YoY; constant-currency decline 22.4%.
- GAAP net loss of $(30.7)M ($(0.24) diluted EPS) vs. net income $8.6M ($0.06) last year.
- Non-GAAP net income $5.7M ($0.04 diluted EPS); Adjusted EBITDA -$10.6M (3.5% margin).
- Free cash flow -$121.7M; inventories $326.3M (finished goods $274.5M).
- Julius Genachowski appointed Board Chairperson; Mike Volpi continues as independent director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023020517/0000950170-23-020517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023020517/sono-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020517

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