OverviewSuggest Edit

Sonos is a consumer electronics company that makes a variety of wireless audio products, including smart speakers, home theatres and components. The Company's wireless multi-room music systems enable users to play music anywhere in the house and control it using a smartphone. Sonos offers its products through retail stores, as well as online.

TypePublic
Founded2002
HQSanta Barbara, US
Websitesonos.com
Employee Ratings4.2
Culture scoreB

Latest Updates

Employees (est.) (Sept 2019)1,446(+7%)
Revenue (FY, 2019)$1.3 B(+11%)
Share Price (May 2020)$10.9 (+6%)

Key People/Management at Sonos

David Perri

David Perri

COO
Michael Giannetto

Michael Giannetto

CFO
Patrick Spence

Patrick Spence

CEO
Ron Kuper

Ron Kuper

Director, Advanced Concepts Lab
Ingvar Meijers

Ingvar Meijers

Managing Director of Sonos EMEA
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Sonos Office Locations

Sonos has offices in Santa Barbara, Boston, Seattle, Cremorne and in 8 other locations
Santa Barbara, US (HQ)
614 Chapala St
Boston, US
2 Ave de Lafayette 3rd Floor
Seattle, US
Bullitt Center, 1501 E Madison St
Cremorne, AU
3-5 Hill St
Beijing, CN
Reignwood Plaza, Room: 1101-1106, No.8 YongAnDongLi, Jianguomenwai Ave
Shanghai, CN
Suite 802, Tower A, Venture International Park, No. 2679 Hechuan Road, Minhang District
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Sonos Financials and Metrics

Sonos Revenue

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Sonos's revenue was reported to be $1.26 b in FY, 2019
USD

Revenue (Q2, 2020)

175.1m

Gross profit (Q2, 2020)

73.0m

Gross profit margin (Q2, 2020), %

41.7%

Net income (Q2, 2020)

(52.3m)

EBIT (Q2, 2020)

(53.2m)

Market capitalization (29-May-2020)

1.2b

Closing stock price (29-May-2020)

10.9

Cash (28-Mar-2020)

283.3m

EV

986.1m
Sonos's current market capitalization is $1.2 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

843.5m901.3m992.5m1.1b1.3b

Revenue growth, %

7%10%

Cost of goods sold

461.4m497.9m536.5m647.7m733.5m

Gross profit

382.1m403.4m456.1m489.3m527.3m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

74.9m130.6m220.9m338.6m

Accounts Receivable

45.3m47.4m73.2m102.7m

Prepaid Expenses

10.1m17.8m

Inventories

53.6m113.9m193.2m219.8m
Quarterly
USDQ2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

117.8m124.4m295.3m338.3m408.4m283.3m

Accounts Receivable

36.4m53.1m64.1m91.3m135.9m40.2m

Prepaid Expenses

15.5m15.4m31.0m27.9m

Inventories

87.3m113.4m103.7m121.2m113.1m112.5m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(68.8m)(38.2m)(14.2m)(15.6m)(4.8m)

Depreciation and Amortization

27.9m34.3m35.0m39.4m36.4m

Inventories

(16.0m)5.9m(60.3m)(80.1m)(31.8m)

Accounts Payable

46.8m(5.7m)54.9m66.5m85.9m
Quarterly
USDQ2, 2017Q2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

15.2m13.1m(13.9m)38.8m24.8m70.8m18.5m

Depreciation and Amortization

15.5m18.9m28.6m19.0m27.4m9.1m18.8m

Inventories

15.7m28.0m(79.0k)86.8m69.7m107.3m106.2m

Accounts Payable

(13.8m)(75.7m)(24.4m)(111.2m)(33.7m)(39.4m)(191.1m)
USDY, 2020

EV/EBIT

-18.5 x

EV/CFO

27.9 x

Financial Leverage

2.1 x
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Sonos Operating Metrics

FY, 2013FY, 2014FY, 2015FY, 2016H1, 2017FY, 2017H1, 2018Q3, 2018

Products Sold

1.50 m2.90 m3.40 m3.51 m2.38 m3.94 m3.07 m886.51 k

Total Households

1.20 m2.20 m3.40 m4.60 m5.90 m6.90 m

Products Registered

19 m

Patents Issued

630
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Sonos Acquisitions / Subsidiaries

Company NameDateDeal Size
SnipsNovember 20, 2019$37.50 m
Sonos Europe B.V. (Netherlands)

Sonos Revenue Breakdown

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Sonos revenue breakdown by business segment: 48.5% from Wireless Speakers, 15.3% from Components, 35.2% from Home Theater Speakers and 1.1% from Other

Sonos revenue breakdown by geographic segment: 50.0% from Americas, 44.5% from Europe, Middle East and Africa and 5.4% from Asia Pacific

Sonos Online and Social Media Presence

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Sonos Company Culture

  • Overall Culture

    B

    74/100

  • CEO Rating

    A+

    80/100

  • Compensation

    C-

    60/100

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Sonos News and Updates

Sonos stock falls after double downgrade at Goldman calls for 'severe reduction' in speaker demand

Shares of Sonos Inc. are off 5.5% in Friday morning trading after Goldman Sachs analyst Rod Hall cut his rating on the stock to sell from buy while lowering his target price to $7.50 from $20. "We now expect a severe reduction in smart speaker demand with Sonos products generally at the top end of …

The 16 Best Weekend Deals: Sonos Speakers, Nest Wifi, and More

Everyone's sheltering in place—might as well enjoy your social isolation with better sound and classic videogames.

Sonos’ Fix for Aging Speakers Is Two Separate Sonos Apps

The company's VP of software defends the solution in an interview with WIRED.

Sonos abandons ‘Recycle Mode’ on old speakers after much backlash

Back in October, Sonos introduced a new ‘trade up‘ program that offers existing Sonos users a 30 percent discount to buy a new speaker if they recycle an eligible older model. Problem was, qualifying for the program required users to put their old devices in a new ‘Recycle Mode’ which would permanen…

Sonos is ending its controversial 'recycle mode' program that rendered speakers useless following a critical backlash (SONO)

Sonos is getting rid of its controversial "Recycle Mode" amid a backlash, as first reported by The Verge on Thursday and confirmed to Business Insider. The speaker company had pushed a trade-up program that gave customers a discount for upgrading — but only if they put their old speaker into Recyc…
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Sonos Frequently Asked Questions

  • When was Sonos founded?

    Sonos was founded in 2002.

  • Who are Sonos key executives?

    Sonos's key executives are David Perri, Michael Giannetto and Patrick Spence.

  • How many employees does Sonos have?

    Sonos has 1,446 employees.

  • What is Sonos revenue?

    Latest Sonos annual revenue is $1.3 b.

  • What is Sonos revenue per employee?

    Latest Sonos revenue per employee is $871.9 k.

  • Who are Sonos competitors?

    Competitors of Sonos include Tieline Technology, Focusrite and Sse Audio.

  • Where is Sonos headquarters?

    Sonos headquarters is located at 614 Chapala St, Santa Barbara.

  • Where are Sonos offices?

    Sonos has offices in Santa Barbara, Boston, Seattle, Cremorne and in 8 other locations.

  • How many offices does Sonos have?

    Sonos has 12 offices.