Sonos, Inc. (SONO) – Profit margins are still under severe pressure

Sonos, Inc. (SONO) Equity Report (Q3FY23)

Stock performance: Sonos, Inc. stock price showed a downward trend in the past 3-month period and gave a (29%) return. The stock price declined by 31% in the past 1-year. The stock has a 52-week high of $21.98 and a 52-week low of $9.78. SONO has a 50-day moving Avg. and a 200-day moving Avg. of $12.30 and $16.44, respectively.

Quarter Performance: In Q3FY23, revenue rose 0.4% to $373.3mn as compared to $371.78mn in Q3FY22. The increase was driven by growth in the Americas primarily from strong performance of the new product introductions, and successful promotional activity, partially offset by declines in EMEA and APAC primarily due to demand softening.

Management Guidance for FY23: Revenue is expected to be $1.64bn-$1.66bn. The gross margin is expected to be 44%-44.2%.

Highlights

Being an early pioneer, SONO enjoys the advantages of a well-established and extensive product ecosystem, along with strong user support. Its open platform acts as a
marketplace for content partners, offering customers a wide range of choices. With over 130 content partners worldwide, spanning from music to podcasts, and audiobooks to radio stations, it provides a diverse content library.

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– PE Band Comparison
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– Key Developments
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 34

To download the previous quarter’s equity/ stock report CLICK HERE

To Download other equity/ stock reports CLICK HERE

Follow our LinkedIn page for more updates.