secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001314727-21-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000131472721000029/0001314727-21-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000131472721000029/sono-20210811.htm
  HTML page:      https://secwatch.observer/filing/0001314727-21-000029

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