Sonos (SONO) Tops Q2 EPS by 19c, Offers Guidance
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Sonos Reports Second Quarter Fiscal 2022 Results
May 11, 2022 4:05 PM EDTDelivers strong revenue growth of 20%, consistent profitability and updates Full Year Outlook
SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported second quarter fiscal 2022 results.
Second Quarter 2022 Financial Highlights (unaudited)
Revenue increased 20.1% year-over-year to $399.8 million; on a constant-currency basis, revenue increased approximately 22.8% year-over-year Gross margin decreased 500 basis points year-over-year to 44.8% GAAP net income of $8.6 million compared to $17.2 million last year; non-GAAP net income excluding stock-based compensation and legal and transaction related fees of $35.8 million compared to $44.6 million last... More