secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001314727-21-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonos reports record FY2021 revenue up 29% to $1.72B; FY2022 guidance implies 12-16% growth; $150M buyback authorized.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000131472721000034/0001314727-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000131472721000034/sono-20211117.htm
  HTML page:      https://secwatch.observer/filing/0001314727-21-000034

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