Sonos Q3 revenue $397M, adj EPS $0.23; guides down FY2024 after app issues

Sonos Inc

2024-Q3 EPS reported $0.12 revenue$1,262,676,000

Revenue $397.1M; GAAP EPS $0.03, Non-GAAP EPS $0.23; Adj. EBITDA $48.9M.
Gross margin 48.3%.
CEO: Ace headphones launch drove YoY revenue growth, but app rollout problems caused FY2024 guidance cut.
Non-GAAP net income $29.5M, excluding stock-based compensation and other costs.
Guidance reduced for Fiscal 2024; specific new figures not in this excerpt.

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