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Dec 30, 2023
Sonos Q1 2024 Earnings Report
Reported an 8.9% decrease in revenue year-over-year, but net income and EPS increased.
Key Takeaways
Sonos reported a decrease in revenue but an increase in net income and EPS for the first quarter of fiscal year 2024. The company is preparing to launch a new product in a multi-billion dollar category.
Revenue decreased 8.9% year-over-year to $612.9 million.
GAAP net income increased to $80.9 million, compared to $75.2 million last year.
GAAP diluted EPS increased to $0.64, compared to $0.57 last year.
Free cash flow was $269.3 million.
Sonos
Sonos
Sonos Revenue by Segment
Sonos Revenue by Geographic Location
Revenue by Segment
Sonos Speakers Revenue
CapyFin.comSonos System Products Revenue
CapyFin.comPartner Products & Other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope, Middle East & Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Sonos anticipates revenue between $1.6 billion and $1.7 billion for fiscal year 2024, with a GAAP gross margin between 45.0% and 46.0% and adjusted EBITDA between $150 million and $180 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income