2023-08-09 16:08:00 ET
- Sonos press release ( NASDAQ: SONO ): FQ3 Non-GAAP EPS of $0.16 beats by $0.23 .
- Revenue of $373.4M (+0.4% Y/Y) beats by $38M .
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Revised Fiscal 2023 Outlook
- Revenue in the range of $1.64 billion to $1.66 billion, vs. consensus of $1.64B, representing a decline of 6% to 5% from fiscal 2022, or a decline of 4% to 3% on a constant currency basis. This compares to a prior outlook range of $1.625 billion to $1.675 billion, which represented a decline of 7% to 4% from fiscal 2022
- Gross margin in the range of 44.0% to 44.2%, compared to prior outlook range of 44.3% to 44.8%
- Adjusted EBITDA in the range of $148 million to $158 million, compared to prior outlook range of $138 million to $168 million
- Adjusted EBITDA margin of 9.0% to 9.5%, compared to prior outlook range of 8.5% to 10%
For further details see:
Sonos Non-GAAP EPS of $0.16 beats by $0.23, revenue of $373.4M beats by $38M