secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001314727-24-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000131472724000015/0001314727-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000131472724000015/sono-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001314727-24-000015

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