Sonos, Inc. (SONO)
| Market Cap | 1.75B |
| Revenue (ttm) | 1.52B |
| Net Income (ttm) | -38.15M |
| Shares Out | 121.76M |
| EPS (ttm) | -0.31 |
| PE Ratio | n/a |
| Forward PE | 27.97 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,691,274 |
| Open | 14.13 |
| Previous Close | 14.00 |
| Day's Range | 13.94 - 14.46 |
| 52-Week Range | 10.23 - 19.76 |
| Beta | 1.99 |
| Analysts | Buy |
| Price Target | 17.50 (+21.87%) |
| Earnings Date | Feb 6, 2025 |
About SONO
Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers wireless, portable, and home theater speakers; and headphones, components, and accessories. It offers its products through physical stores, websites, online retailers, and custom installers. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headqu... [Read more]
Financial Performance
In 2024, Sonos's revenue was $1.52 billion, a decrease of -8.29% compared to the previous year's $1.66 billion. Losses were -$38.15 million, 271.3% more than in 2023.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for SONO stock is "Buy." The 12-month stock price forecast is $17.5, which is an increase of 21.87% from the latest price.
News
If Sonos' Board Sells, Will Apple Be the Buyer?
Will audio tech company Sonos soon have a new owner? If so, which tech giant will it be?
Sonos Announces Date for First Quarter Fiscal 2025 Financial Results and Conference Call
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Thursday, February 6, 2025 the company will report financial results for the first quarter...
Sonos CEO to step down after disastrous app overhaul
Sonos Chief Executive Patrick Spence is stepping down and leaving the company's board in a shake-up that comes as the wireless speaker maker tries to win back the trust of its customers.
Sonos CEO Patrick Spence steps down after app update crisis: here's what we know so far
Sonos is facing a major leadership shift as CEO Patrick Spence steps down following a disastrous app update that severely affected customer experience and hampered the release of key products.
Sonos CEO Patrick Spence steps down after app update debacle
Speaker maker Sonos said on Monday Patrick Spence will step down as its CEO after a disastrous app update last year sparked customer criticism and delayed the development and release of other products...
Sonos Says CEO Patrick Spence Is Stepping Down
Sonos Chief Executive Patrick Spence is stepping down, ending an eight-year stint as its leader as the company recovers from a botched app launch that hurt its brand.
Sonos Announces CEO Transition
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that the Sonos Board of Directors and Patrick Spence have agreed that Mr. Spence will step down as Chief Executive Of...
Sonos Reports Environmental Progress On Headphones, New Products, and Climate Plan
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Today, Sonos (NASDAQ: SONO) released its annual Listen Better Report, offering a comprehensive overview of the company's Environmental, Social, and Governance (...
Sonos to Launch Era 100 Pro, Its First-Ever Solution for Professional Installation, in January 2025
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos (Nasdaq: SONO) today announced that Era 100 Pro, its first-ever solution optimized for professional installation in light-commercial and residential space...
Sonos Begins a Very Long Road Back
The speaker maker's holiday quarter forecast is lifting its stock, but fallout from last spring's app fiasco still lingers.
Sonos, Inc. (SONO) Q4 2024 Earnings Call Transcript
Sonos, Inc. (NASDAQ:SONO) Q4 2024 Earnings Conference Call November 13, 2024 5:00 PM ET Company Participants James Baglanis - Head, Investor Relations & Treasury Patrick Spence - Chief Executive Offi...
Sonos Reports Fourth Quarter and Fiscal 2024 Results
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported fourth quarter and fiscal 2024 results. “Thanks to our team going all-in on our app recovery efforts, we made signific...
Earnings Preview: What To Expect From Sonos
Sonos is scheduled to report earnings after Wednesday's close. In 2021, the stock hit a record high near $44.72/share and is currently trading near $14/share.
Sonos Announces Date for Fourth Quarter and Fiscal 2024 Financial Results and Conference Call
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, November 13, 2024 the company will report financial results for the fourth quar...
Sonos Reveals Arc Ultra, its New Soundbar Featuring Sound Motion™
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos introduces Arc Ultra, a premium soundbar featuring new acoustic technology, along with Sub 4, the next generation of its iconic subwoofer.
Sonos Announces New Quality and Customer Experience Commitments
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos announces new quality and customer experience commitments resulting from an internal review of its app release in May.
Sonos outlines turnaround plan following app disaster
Sonos' May app relaunch will be studied as a business school cautionary tale for years to launch. The home audio firm prioritized netting new customers over its existing loyal fanbase as it added the ...
Exclusive: Sonos CEO promises reforms after May app release 'failure'; leaders to forgo bonuses
Speaker-maker Sonos unveiled on Tuesday a broad series of reforms that it hopes will restore its reputation after a disastrous app update in May that torpedoed customer trust and caused the company to...
Sonos and Sporty & Rich Serve Up Tenniscore Style with New Limited Edition Headphones
GOLETA, Calif.--(BUSINESS WIRE)--Sonos (Nasdaq: SONO) and Sporty & Rich, the ultimate authority on fashion meets function, today announced the release of the Sonos Ace x Sporty & Rich Limited Edition ...
Lenovo Group: First Quarter Financial Results 2024/25
HONG KONG--(BUSINESS WIRE)--Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (‘the Group'), today announced Q1 results for fiscal year 2024/25, reporting profitability imp...
Sonos CEO Patrick Spence confirms 100-person layoff
Sonos has laid off 100 employees, 14 months after reducing its 1,800 headcount by seven. The home audio company confirmed the news with TechCrunch, following an initial report by The Verge.
Sonos: Technical Missteps Are Overshadowing Strong Sales And Great Value
Shares of Sonos declined sharply after posting Q3 results, bringing YTD losses to nearly 30%. The company's app redesign caused a number of glitches, hurting near-term sales and forcing a delay of the...
Sonos Delays Products, Cuts Guidance as It Scrambles To Fix Buggy App
Sonos (SONO) shares slumped on Thursday, a day after the maker of headphones and home sound systems cut its guidance and delayed two hardware releases as it races to fix bugs in its app.
Sonos, Inc. (SONO) Q3 2024 Earnings Call Transcript
Sonos, Inc. (NASDAQ:SONO) Q3 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Corporate Participants James Baglanis - Head-Investor Relations Patrick Spence - Chief Executive Officer Saori Cas...
Sonos Reports Third Quarter Fiscal 2024 Results
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported third quarter fiscal 2024 results. “Thanks to Ace, our long-awaited entry into headphones, we reported year over year ...