Snap One Q1 net sales $246.1M (-2.4% YoY); net loss $22.9M

Snap One Holdings Corp.

2024-Q1 EPS reported -$0.30 revenue$246,078,000

Net sales $246.1M, down 2.4% YoY from $252.0M; net loss widened to $22.9M from $14.5M.
Adjusted EBITDA $22.5M (9.1% of sales) vs $22.7M (9.0%) in prior year.
Free cash flow improved to $3.9M from -$11.8M in prior year.
Cash and equivalents $41.3M at quarter end, down from $61.0M at FY2023 year-end.
Foregoing Q1 earnings call due to pending acquisition by Resideo at $10.75/share (H2 2024).

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 0.9

Snap One Holdings Corp. reported three months ended March 29, 2024 results: revenue $246.1 million, net income $22.9 million.

Period: three months ended March 29, 2024
Revenue: $246.1 million
Net income: $22.9 million
Result: reported results

Exact text from the filing

● Net sales decreased 2.4% to $246.1 million from $252.0 million in the comparable year-ago period. ● Selling, general, and administrative (SG&A) expenses decreased 3.2% to $90.8 million (36.9% of net sales) from $93.8 million (37.2% of net sales) in the comparable year-ago period. ● Net loss increased $8.4 million to $22.9 million (-9.3% of net sales) compared to net loss of $14.5 million (-5.8% of net sales) in the comparable year-ago period.

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Source: SEC EDGAR

accession 0001856430-24-000023

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