Source: Unsplash
Sonos (NASDAQ:SONO) reported first-quarter financial results this week, with earnings growth and gross margin. The home-speaker maker is sometimes overlooked as a consumer electronics powerhouse, but its wide product range, premium branding (which has since expanded downmarket through partnerships with the likes of IKEA), and strong fundamentals could mean its growth outlook is the most important factor for investors right now.
On the back of significant demand, shares of Sonos rose in early 2021, but they have since decreased in tandem with other tech stocks.
The company reported solid earnings ...
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Sonos (NASDAQ:SONO) Reports Strong Q1 2022 Earnings