Sonos reports record Q3 FY21 revenue $378.7M (+52% YoY); raises FY21 outlook

Sonos Inc

2021-Q3 EPS reported $1.20 revenue$1,357,204,000

Revenue $378.7M, +52% YoY; GAAP net income $17.8M vs loss $57.0M last year.
Non-GAAP diluted EPS $0.27 vs loss $0.11 last year; adjusted EBITDA $46.7M (12.3% margin).
Gross margin improved 300 bps to 47.0%.
FY21 revenue guidance raised to $1.695-1.710B; adjusted EBITDA guidance raised to $270-280M.
CEO cites strong demand and three macro trends; company ahead of schedule on FY24 targets.

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