Sonos Q2 FY2024 revenue $252.7M, GAAP net loss of $69.7M, reaffirms FY2024 guidance

Sonos Inc

2024-Q2 EPS reported $0.09 revenue$865,531,000

Revenue $252.7M, gross margin 44.3%.
GAAP net loss ($69.7M), diluted EPS ($0.56); Non-GAAP net loss ($42.1M), diluted EPS ($0.34).
Adjusted EBITDA loss ($33.6M).
Management says results slightly exceeded expectations; on track for FY2024 guidance.
Launched redesigned Sonos app; new product launch anticipated later in Q3 FY2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sonos Inc reported second fiscal quarter ended March 30, 2024 results: revenue $252.7 million, net income ($69.7) million, EPS ($0.56). Guidance reaffirmed.

Period: second fiscal quarter ended March 30, 2024
Revenue: $252.7 million
Net income: ($69.7) million
EPS: ($0.56)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

behind us, we are well positioned to deliver on our Fiscal 2024 guidance,” said Sonos CFO Saori Casey. Second Quarter Fiscal 2024 Financial Highlights (unaudited) ● Revenue of $252.7 million ● Gross margin of 44.3% ● GAAP net loss of ($69.7) million, GAAP diluted loss per share (EPS) of ($0.56) ● Non-GAAP net loss 1 of ($42.1) million, Non-GAAP diluted EPS 1 of

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