secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000950170-24-011732
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonos Q1 FY2024 revenue down 8.9% to $612.9M; GAAP EPS $0.64, non-GAAP $0.84
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- Revenue $612.9M, -8.9% YoY; constant-currency decline 10.5%.
- GAAP net income $80.9M ($0.64 diluted EPS) vs $75.2M ($0.57) last year.
- Non-GAAP net income $106.1M ($0.84 diluted EPS) vs $103.4M ($0.79).
- Gross margin improved 374 bps to 46.1%; adjusted EBITDA margin 18.8%.
- Free cash flow $269.3M; inventories down 50% QoQ to $173M; cash $467M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000095017024011732/0000950170-24-011732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000095017024011732/sono-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-011732

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer