Sonos reports FY2023 revenue down 5.5% to $1,655M; GAAP loss $10.3M; announces $200M buyback

Sonos Inc

2023-FY EPS reported -$0.08 revenue$1,655,255,000

FY2023 revenue $1,655.3M (-5.5% YoY); GAAP net loss $10.3M vs $67.4M income; non-GAAP EPS $0.92 vs $1.24.
Q4 revenue $305.1M (-3.5%); GAAP loss $31.2M; non-GAAP loss $9.0M; Adj EBITDA $6.3M vs -$25.6M prior year.
Q4 gross margin +270bps YoY to 42.0%; FY gross margin 43.3%, -220bps YoY.
Board authorized $200M stock buyback, no expiration; completed prior $100M program in Q4 by repurchasing 6.6M shares at $15.25 avg.

item 2.02 item 7.01 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 financial results for fourth fiscal quarter and fiscal year ended September 30, 2023.

Period: fourth fiscal quarter and fiscal year ended September 30, 2023
Result: reported results

Exact text from the filing

Sonos, Inc. (the "Company") issued a press release announcing its financial results for its fourth fiscal quarter and fiscal year ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-064177

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