Despite Challenges, Sonos Slightly Exceeds Expectations with Strategic Innovations and Maintains 2024 Guidance
Audio technology Sonos company (NASDAQ:SONO) announced better-than-expected results in Q1 CY2024, with revenue down 16.9% year on year to $252.7 million. The company expects the full year's revenue to be around $1.65 billion, in line with analysts' estimates. It made a non-GAAP loss of $0.34 per share, down from its profit of $0.04 per share in the same quarter last year.
SANTA BARBARA, Calif., May 07, 2024--Sonos, Inc. (Nasdaq: SONO) today reported second quarter fiscal 2024 results.