Sonos Q3 FY2023 revenue flat at $373.4M; GAAP loss deepens to $0.18/sh

Sonos Inc

2023-Q3 EPS reported $0.16 revenue$1,350,108,000

Revenue $373.4M, +0.4% YoY (constant-currency +0.3%); gross margin 46.0%, down 130bp.
GAAP net loss $23.6M ($0.18 loss per share) vs $0.6M loss YoY; non-GAAP net income $21.3M ($0.16 EPS).
Adjusted EBITDA $34.3M (9.2% margin) vs $42.1M (11.3%) last year; free cash flow negative ($7.8M).
Inventories $298.1M, down 8.6% QoQ; finished goods down 12.5% to $240.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sonos Inc reported third fiscal quarter ended July 1, 2023 results: revenue $373.4 million, net income $23.6 million, EPS $0.18.

Period: third fiscal quarter ended July 1, 2023
Revenue: $373.4 million
Net income: $23.6 million
EPS: $0.18
Result: reported results

Exact text from the filing

- Sonos, Inc. (Nasdaq: SONO) today reported third quarter fiscal 2023 results. Third Quarter 2023 Financial Highlights (unaudited) ● Revenue increased 0.4% year-over-year to $373.4 million; on a constant-currency basis, revenue increased 0.3% year-over-year ● Gross margin decreased 130 basis points year-over-year to 46.0% ● GAAP net loss of $23.6 million compared

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Source: SEC EDGAR

accession 0000950170-23-040575

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