Sonos, Inc. is a leading audio company that specializes in the development and manufacturing of wireless sound systems and smart speakers
The company is recognized for its innovative approach to home audio, providing a seamless listening experience that integrates music streaming and home entertainment. Sonos products are designed for ease of use and high-quality sound, enabling customers to create customized audio environments throughout their homes. Additionally, Sonos emphasizes compatibility with various music services and smart home technology, making it a popular choice for tech-savvy consumers seeking enhanced audio experiences.
Sonos, Inc. (Nasdaq: SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $150 million. The $11 million remaining under the company’s existing $200 million repurchase program expired upon approval of the new authorization.
Sonos, Inc. (Nasdaq: SONO) today announced that Tom Conrad, Interim Chief Executive Officer, and Saori Casey, Chief Financial Officer, will participate in a fireside chat with Morgan Stanley analyst Erik Woodring at the Morgan Stanley Technology, Media & Telecom Conference on Monday, Mar. 3. The fireside chat will begin at 4:50 pm Pacific. A live webcast and replay of the fireside chat will be accessible in the News & Events section of the Sonos investor relations website: https://investors.sonos.com/news-and-events/default.aspx#section=events-and-presentations.
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Sonos reported mixed first-quarter fiscal 2025 results, with revenue and earnings per share beating expectations despite revenue falling year over year.
Audio technology Sonos company (NASDAQSONO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 10.1% year on year to $550.9 million. Its non-GAAP profit of $0.64 per share was significantly above analysts’ consensus estimates.
Sonos announces a 12% workforce reduction as part of its restructuring plan aimed at improving operational efficiency. The company estimates restructuring costs of $15 million to $18 million.
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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 ended December 28, 2024. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports.
