secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040575
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023040575/0000950170-23-040575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023040575/sono-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040575

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