earnings
confidence high
sentiment positive
materiality 0.85
Sonos reports record FY2021 revenue up 29% to $1.72B; FY2022 guidance implies 12-16% growth; $150M buyback authorized.
Sonos Inc
2021-FY EPS reported
$1.13
revenue$1,716,744,000
- FY2021 revenue $1.717B (+29% YoY); GAAP net income $158.6M vs loss of $20.1M; diluted EPS $1.13.
- Q4 revenue $359.5M (+6% YoY); GAAP net loss $8.7M vs income $18.4M; Adj EBITDA $17.1M.
- FY2022 outlook: revenue $1.925B-$2.0B; Adj EBITDA $280M-$325M; gross margin 46-47%.
- Board authorized $150M stock buyback ($100M completed prior at avg $19.30 per share).
- Households reached 12.6M (+15%); products per household 3.0; FY2024 targets ahead of schedule.