secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0000950170-23-064177
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023064177/0000950170-23-064177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000095017023064177/sono-20231115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-064177

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