Welcome to our dedicated page for Sonos news (Ticker: SONO), a resource for investors and traders seeking the latest updates and insights on Sonos stock.
Sonos, Inc. (NASDAQ: SONO) is a leading innovator in home audio systems, revolutionizing the way people listen to music since its inception in 2002. The company's vision is to fill every home with music and make the listening experience truly valuable. Sonos offers a comprehensive range of products, including speaker sets, mounts, stands, cables, and networking accessories, ensuring high-quality sound in every room.
Operating in more than 60 countries and available in seven languages, Sonos has a global footprint with significant market presence in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The majority of its revenue is generated from the Americas. The company's products are available through thousands of retailers worldwide, making it easy for customers to access and enjoy high-fidelity audio.
Sonos continually invests in research and development to innovate and enhance the user experience. Recent achievements include the introduction of new hardware and software solutions designed to improve sound quality and user interface. These advancements enable users to discover new music and enjoy their favorite songs with superior audio performance.
With a commitment to excellence, Sonos partners with other technology and music industry leaders to bring cutting-edge features and integrations to its products. This dedication to quality and innovation has cemented Sonos's reputation as a pioneer in the home audio market.
For investors, Sonos presents a compelling opportunity to invest in a company that not only has a robust product lineup but also a clear vision for the future of home audio technology.
Sonos (Nasdaq: SONO) has announced that it will release its third quarter fiscal 2024 financial results on Wednesday, August 7, 2024, after the market closes. The company will issue a press release and accompanying slide presentation, which will be available on their investor relations website. Following the release, Sonos will host a conference call and Q&A session at 5:00 p.m. Eastern Time to discuss the results.
Investors and interested parties can access the live webcast of the conference call through the Sonos investor relations website. For those unable to attend the live event, a replay of the webcast and transcript will be made available afterwards. Additionally, participants can join the call via phone by dialing 1 (888) 330-2454 (U.S. toll-free) or 1 (240) 789-2714 (international) using the conference ID 8641747.
Sonos announced that its CFO, Saori Casey, and Head of Investor Relations, James Baglanis, will participate in the Maxim Group Virtual Tech Conference on June 5.
The event will feature a fireside chat at 8:30 am Eastern, which will be webcast live and available for replay on the Sonos investor relations website.
Sonos (NASDAQ: SONO) has launched its first headphones, Sonos Ace, marking its entry into the personal audio market. The over-the-ear Bluetooth headphones offer high-fidelity sound, Active Noise Cancellation (ANC), and Aware Mode, along with Sonos' new TrueCinema technology for a surround sound home theater experience. Available globally in Black and Soft White from June 5, 2024, at $449, the headphones feature custom-designed drivers, spatial audio with Dolby Atmos, dynamic head tracking, and a 30-hour battery life. Sonos Ace is designed for comfort with lightweight, premium materials, and includes eco-friendly components such as replaceable ear cushions and a recycled travel case.
Sonos reported solid second quarter fiscal 2024 results, exceeding expectations despite challenges. The company launched a revamped Sonos app and is set for a new product release. Financially, revenue was $252.7 million, with a gross margin of 44.3%. GAAP net loss was ($69.7) million, and non-GAAP net loss was ($42.1) million. Adjusted EBITDA was ($33.6) million. Fiscal 2024 outlook includes revenue of $1.6-$1.7 billion and adjusted EBITDA of $150-$180 million. Conference call and webcast on May 7, 2024.
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