Sonos, Inc. Reports Earnings Results for the Full Year Ended October 01, 2022
November 16, 2022 at 04:31 pm EST
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Sonos, Inc. reported earnings results for the full year ended October 01, 2022. For the full year, the company reported sales was USD 1,752.34 million compared to USD 1,716.74 million a year ago. Net income was USD 67.38 million compared to USD 158.6 million a year ago.
Basic earnings per share from continuing operations was USD 0.53 compared to USD 1.3 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 1.13 a year ago.
Sonos, Inc. designs, develops, manufactures and sells audio products and services. The Company has developed multi-room, wireless audio products. Its platform has a broad range of more than 130 streaming content providers, such as Apple Music, Spotify and Pandora. The Company outsources the manufacturing of its speakers and components to contract manufacturers, who produce its products based on its design specifications. Its product categories include speakers, portable speakers, home theater, sets, architectural, audio components and accessories. The Company's products include Arc, Beam (Gen 2), Ray, Era 100, Era 300, Roam, Move 2, Sub (Gen 3), Sub Mini, Five and Amp. Its partner products include Sonos Pro, Audi Partnership, Sonos Radio HD, Sonos Radio, Sonos Architectural by Sonance, IKEA module units and accessories. Its Move 2 product is a portable, battery-powered smart speaker that delivers spacious stereo sound, with water-resistant design for outdoor and indoor listening.
SONOS, INC. 
