Filing Flows › Sonos (SONO) › Q4 FY24
Sonos (SONO) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 15, 2024
Sonos (SONO) reported revenue of $255M for the fourth quarter fiscal 2024 (Q4 FY24), -16% from a year earlier and -36% from the quarter before. Operating margin was -27.2%, net loss $53.1M (20.8% of revenue).
Sonos, Q4 FY24: revenue $255M (-16% year over year), operating margin -27.2%, net loss $53.1M, operating cash flow −$37.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $255M | -36% | -16% |
| Operating profit | −$69.4M | — | — |
| Net earnings | −$53.1M | — | — |
| Operating cash flow | −$37.7M | — | — |
What changed
Revenue was $255.4M in Q4 FY24, down 16% year over year and down 36% from the previous quarter. Sonos speakers was the largest line at 70% of revenue.
Gross margin was 40.3%, down 1.6 points from a year earlier. Operating costs exceeded revenue by $69.4M, an operating margin of -27.2%. Operating expenses grew 10% against a revenue fall of 16%. The fastest-growing cost line was Sales & marketing (+25%). The quarter ended with a net loss of $53.1M, after a profit of $3.7M the previous quarter.
Operating cash flow was −$37.7M. Non-cash charges added back $17.2M of depreciation and amortization and $19.3M of share-based compensation. Working capital and other items used $21.2M. Capital expenditures of $15.8M exceeded it, leaving free cash flow of −$53.5M.
Questions
What was Sonos' revenue in the fourth quarter fiscal 2024?
Sonos (SONO) reported revenue of $255M for the fourth quarter fiscal 2024 (Q4 FY24), -16% from a year earlier and -36% from the quarter before.
Was Sonos profitable in the fourth quarter fiscal 2024?
Operating loss was $69.4M (-27.2% of revenue) and net loss $53.1M.
Source: Sonos 10-K on SEC EDGAR.