Sonos Inc
For the period ended Mar 30, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 8, 2024
SONO$16.89-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed consolidated statements of operations and comprehensive income (loss)
(unaudited, in thousands, except share and per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| March 30,2024 | April 1,2023 | March 30,2024 | April 1,2023 | |
| Revenue | $252,662 | $304,173 | $865,531 | $976,752 |
| Cost of revenue | 140,624 | 172,555 | 470,815 | 560,078 |
| Gross profit | 112,038 | 131,618 | 394,716 | 416,674 |
| Operating expenses | ||||
| Research and development | 80,322 | 80,785 | 159,557 | 157,726 |
| Sales and marketing | 61,835 | 63,621 | 145,785 | 142,317 |
| General and administrative | 40,841 | 44,438 | 80,639 | 87,553 |
| Total operating expenses | 182,998 | 188,844 | 385,981 | 387,596 |
| Operating income (loss) | (70,960) | (57,226) | 8,735 | 29,078 |
| Other income, net | ||||
| Interest income | 3,933 | 3,181 | 7,008 | 5,149 |
| Interest expense | (122) | (152) | (227) | (311) |
| Other income (expense), net | (3,303) | (2,832) | 6,971 | 20,745 |
| Total other income, net | 508 | 197 | 13,752 | 25,583 |
| Income (loss) before provision for (benefit from) income taxes | (70,452) | (57,029) | 22,487 | 54,661 |
| Provision for (benefit from) income taxes | (743) | (26,377) | 11,249 | 10,124 |
| Net income (loss) | $(69,709) | $(30,652) | $11,238 | $44,537 |
| Net income (loss) attributable to common stockholders: | ||||
| Basic and diluted | $(69,709) | $(30,652) | $11,238 | $44,537 |
| Net income (loss) per share attributable to common stockholders: | ||||
| Basic | $(0.56) | $(0.24) | $0.09 | $0.35 |
| Diluted | $(0.56) | $(0.24) | $0.09 | $0.34 |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders: | ||||
| Basic | 123,749,605 | 127,952,875 | 124,465,661 | 127,582,560 |
| Diluted | 123,749,605 | 127,952,875 | 128,206,823 | 132,834,096 |
| Total comprehensive income (loss) | ||||
| Net income (loss) | (69,709) | (30,652) | 11,238 | 44,537 |
| Change in foreign currency translation adjustment | (85) | 4,542 | (948) | (2,684) |
| Net unrealized loss on marketable securities | (26) | — | (26) | — |
| Comprehensive income (loss) | $(69,820) | $(26,110) | $10,264 | $41,853 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.