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Apr 02, 2022
Sonos Q2 2022 Earnings Report
Reported strong revenue growth and consistent profitability.
Key Takeaways
Sonos reported a 20.1% increase in revenue to $399.8 million. GAAP net income was $8.6 million, with a GAAP EPS of $0.06. The company maintains its revenue outlook for the fiscal year.
Revenue increased by 20.1% year-over-year to $399.8 million.
Gross margin decreased to 44.8%.
GAAP net income was $8.6 million compared to $17.2 million last year.
Free cash flow was ($106.9) million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sonos maintains its revenue outlook in the range of $1.95 billion to $2.0 billion, representing growth in the range of 14% to 16% from fiscal 2021. Gross margin is updated to be in the range of 45.5% to 46.0%. Adjusted EBITDA is expected to be in the range of $290 million to $310 million, representing growth in the range of 4% to 11%.
Positive Outlook
- Revenue outlook maintained in the range of $1.95B to $2.0B.
- Represents growth of 14% to 16% from fiscal 2021.
- Gross margin updated to be in the range of 45.5% to 46.0%.
- Adjusted EBITDA in the range of $290M to $310M.
- Adjusted EBITDA growth in the range of 4% to 11%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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