Sonos (SONO) stock price, revenue, and financials

Sonos market cap is $1.2 b, and annual revenue was $1.26 b in FY 2019

$1.2 B

SONO Mkt cap, 22-May-2020

$175.1 M

Sonos Revenue Q2, 2020
Sonos Gross profit (Q2, 2020)73 M
Sonos Gross profit margin (Q2, 2020), %41.7%
Sonos Net income (Q2, 2020)-52.3 M
Sonos EBIT (Q2, 2020)-53.2 M
Sonos Cash, 28-Mar-2020283.3 M
Sonos EV1 B

Sonos Revenue

Sonos revenue was $1.26 b in FY, 2019

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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 Income Statement

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

Gross profit Margin, %

45%45%46%43%42%

Sales and marketing expense

272.4m258.0m270.2m270.9m247.6m

R&D expense

100.7m107.7m124.4m142.1m171.2m

General and administrative expense

64.8m68.5m77.1m85.2m102.9m

Operating expense total

437.9m434.3m471.7m498.2m521.6m

EBITDA

(4.6m)29.4m56.0m

EBITDA margin, %

(1%)3%6%

EBIT

(55.7m)(30.9m)(15.6m)(8.9m)5.7m

EBIT margin, %

(7%)(3%)(2%)(1%)0%

Interest expense

156.0k2.5m4.3m4.5m6.8m

Interest income

4.3m

Pre tax profit

(65.5m)(35.6m)(16.5m)(14.5m)(1.1m)

Income tax expense

3.2m2.6m(2.3m)1.1m3.7m

Net Income

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

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

369.2m164.2m181.5m186.4m372.8m182.5m223.1m214.1m469.0m186.7m208.4m210.2m260.1m562.1m175.1m

Cost of goods sold

212.5m91.4m97.0m97.0m213.0m96.4m115.8m111.2m272.7m105.4m112.9m119.8m142.7m334.5m102.1m

Gross profit

156.7m72.8m84.4m89.5m159.8m86.1m107.3m102.9m196.2m81.3m95.5m90.4m117.4m227.6m73.0m

Gross profit Margin, %

42%44%47%48%43%47%48%48%42%44%46%43%45%40%42%

Sales and marketing expense

94.9m57.9m44.5m60.7m77.9m59.2m70.1m62.9m94.0m59.2m60.8m49.4m61.5m77.4m50.5m

R&D expense

29.3m28.0m24.6m25.9m28.4m29.1m33.3m33.5m33.5m35.2m35.4m40.1m44.4m52.5m49.6m

General and administrative expense

17.3m18.0m17.8m15.4m17.4m17.6m20.0m22.1m22.4m20.6m20.9m23.9m26.6m30.2m26.1m

Operating expense total

141.5m103.9m87.0m101.9m123.8m106.0m123.4m118.5m149.9m115.1m117.1m113.4m132.4m160.2m126.2m

EBITDA

31.4m(15.3m)11.3m1.9m1.7m694.0k796.0k763.0k65.4m(14.8m)

EBITDA margin, %

9%(9%)6%1%0%0%0%0%14%(8%)

EBIT

15.2m(31.1m)(2.6m)(12.5m)36.0m(19.9m)(16.1m)(15.6m)46.3m(33.7m)(21.6m)(22.9m)(15.0m)67.5m(53.2m)

EBIT margin, %

4%(19%)(1%)(7%)10%(11%)(7%)(7%)10%(18%)(10%)(11%)(6%)12%(30%)

Interest expense

555.0k242.0k893.0k800.0k857.0k1.1m1.2m1.1m1.2m1.1m1.1m611.0k806.0k998.0k874.0k

Pre tax profit

11.5m(29.5m)(4.6m)(12.9m)32.9m(19.7m)(14.3m)(15.4m)45.7m(32.0m)(26.5m)(23.0m)(13.2m)72.4m(54.1m)

Income tax expense

985.0k420.0k746.0k492.0k(2.1m)62.0k196.0k(461.0k)32.0k601.0k494.0k(213.0k)833.0k1.7m(1.8m)

Net Income

10.5m(29.9m)(5.4m)(13.4m)35.0m(19.8m)(14.5m)(14.9m)45.7m(32.6m)(27.0m)(22.8m)(14.0m)70.8m(52.3m)

Sonos Balance Sheet

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

Current Assets

183.4m301.5m497.6m679.1m

PP&E

90.4m95.1m85.4m78.1m

Total Assets

278.9m400.0m587.5m761.6m

Accounts Payable

77.9m114.5m195.2m251.9m

Short-term debt

6.7m8.3m

Current Liabilities

151.5m223.3m296.4m402.5m

Long-term debt

24.5m39.6m33.1m24.8m

Total Debt

24.5m39.6m39.8m33.2m

Total Liabilities

217.3m309.7m379.1m480.7m

Common Stock

27.0k30.0k101.0k110.0k

Preferred Stock

90.3m90.3m

Additional Paid-in Capital

144.8m200.3m424.6m502.8m

Retained Earnings

(173.8m)(188.0m)(203.6m)(208.4m)

Total Equity

(28.8m)27.0k208.4m280.9m

Debt to Equity Ratio

-0.9 x1.5 k x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

-9.7 x14.8 k x2.8 x2.7 x

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

Current Assets

253.4m305.0m478.8m566.4m688.6m464.0m

PP&E

92.2m89.6m71.6m72.9m81.5m74.9m

Goodwill

40.5m15.5m

Total Assets

351.7m401.3m554.3m643.9m873.9m639.2m

Accounts Payable

65.9m117.2m86.1m153.5m191.4m82.1m

Short-term debt

10.0m11.7m9.4m8.3m

Current Liabilities

135.6m185.8m275.5m375.1m213.2m

Long-term debt

39.7m39.7m29.8m28.2m81.8m77.7m

Total Debt

39.7m39.7m29.8m28.2m91.2m86.1m

Total Liabilities

225.3m290.1m267.5m355.5m506.7m339.4m

Common Stock

30.0k61.0k106.0k107.0k111.0k113.0k

Preferred Stock

90.3m

Additional Paid-in Capital

223.8m235.4m463.7m480.2m523.9m541.9m

Retained Earnings

(174.9m)(201.9m)(164.8m)(178.8m)(137.6m)(189.9m)

Total Equity

36.1m20.9m286.9m288.4m367.3m299.8m

Debt to Equity Ratio

1.1 x1.9 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0 x

Financial Leverage

9.7 x19.2 x1.9 x2.2 x2.4 x2.1 x

Sonos Cash Flow

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

Accounts Receivable

(7.2m)(4.6m)(2.7m)(26.5m)(32.1m)

Inventories

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

Accounts Payable

46.8m(5.7m)54.9m66.5m85.9m

Cash From Operating Activities

38.7m43.3m64.0m30.6m120.6m

Purchases of PP&E

(65.7m)(52.5m)(33.6m)(35.7m)(23.2m)

Cash From Investing Activities

(65.5m)(52.5m)(33.6m)(35.7m)(23.2m)

Long-term Borrowings

(85.4m)(70.0m)(6.7m)

Cash From Financing Activities

35.4m8.0m24.0m94.4m21.9m

Net Change in Cash

5.7m(1.4m)55.7m90.3m117.7m

Interest Paid

176.0k2.3m4.1m3.8m2.5m

Income Taxes Paid

946.0k233.0k461.0k1.4m3.6m

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

Accounts Receivable

5.0m12.1m(5.7b)7.9m(19.1m)(31.4m)63.3m

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)

Cash From Operating Activities

60.7m4.6m15.8m65.1m110.9m118.8m35.4m

Purchases of PP&E

(12.4m)(21.9m)(25.4m)(8.1m)(14.1m)(15.9m)(25.8m)

Cash From Investing Activities

(12.4m)(21.9m)(25.9m)(8.1m)(14.1m)(51.5m)(62.1m)

Long-term Borrowings

(30.0m)(1.7m)(3.3m)

Cash From Financing Activities

19.1m2.3m2.9m17.8m20.6m1.2m(28.6m)

Net Change in Cash

67.0m(12.8m)(6.2m)74.3m117.4m69.8m(55.4m)

Interest Paid

1.9m2.4m3.6m1.2m1.3m472.0k851.0k

Income Taxes Paid

132.0k503.0k1.3m1.9m2.5m517.0k1.0m

Sonos Ratios

USDY, 2020

EV/EBIT

-19.1 x

EV/CFO

28.8 x

Financial Leverage

2.1 x

Sonos Operating Metrics

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

Patent Applications

570

Products

10

Content Providers

100

Countries

50

Content Consumption, hours

5 b

Monthly Content Consumption per Customer, hours

70

Sonos Employee Rating

4.2200 votes
Culture & Values
4.4
Work/Life Balance
4.2
Senior Management
3.8
Salary & Benefits
3.9
Career Opportunities
3.8
Source