NASDAQ$SONO

Sonos Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Sonos reported record revenue and adjusted EBITDA in Q1 2020 and reaffirmed fiscal 2020 outlook.

Sonos announced record first quarter fiscal 2020 financial results, delivering record revenue and adjusted EBITDA while reaffirming its fiscal 2020 outlook.

  • Sonos reported record revenue for the first quarter fiscal 2020.
  • The company achieved record adjusted EBITDA during the quarter.
  • Sonos reaffirmed its financial outlook for fiscal year 2020.
  • The financial results were released in a letter to shareholders.

Headline financials

Total Revenue

$562M

Previous: $496M+13.2%
EPS (adj)

$0.60

Previous: $0.55+9.1%
Capital Expenditures

-$15.9M

Previous: -$5.37M-196.2%
Free Cash Flow

$54.9M

Previous: $56.3M-2.5%
Net Income

$70.8M

Previous: $61.7M+14.8%
Operating Income

$67.5M

Previous: $68.5M-1.5%
Gross Profit

$228M

Previous: $195M+16.6%
Cash & Equivalents

$408M

Previous: $307M+32.9%
Total Assets

$874M

Previous: $636M+37.5%
Stock-Based Comp

$13.2M

Previous: $9.03M+46.2%

Revenue & EPS history

Sonos · Revenue · Quarterly

$562M

Q1 2020+13.2%vs Q1 2019
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Revenue by segment

Sonos · $305M total across 3 segments · Q4 2023

  • Sonos speakers
    $223M-5.0%
  • Sonos system products
    $62.3M-0.7%
  • Partner products and other revenue
    $19.5M+5.9%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-3.5%

Avg return

30 days after

51%

19 / 37 earnings

Positive

+29.5%

Q4 2020

Best reaction

-25.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.0%+1.3%+9.3%
Q1 2026+6.4%+16.7%-2.5%
Q4 2025+1.5%+1.5%+16.7%
Q2 2025+9.7%+25.3%+11.9%
Q1 2025-7.5%-12.5%-14.1%
Q4 2024-2.2%-10.2%+3.6%
Q3 2024-5.4%-8.4%-6.9%
Q2 2024-5.8%-7.0%-11.2%
Q1 2024+21.8%+15.6%+20.2%
Q4 2023+18.0%+27.2%+51.1%
Q3 2023-7.8%-11.8%-16.1%
Q2 2023-25.9%-28.7%-27.5%
Q1 2023+11.9%+14.2%+3.0%
Q4 2022-2.5%-3.7%-1.5%
Q3 2022-22.3%-22.2%-27.1%
Q2 2022+4.4%+4.5%+2.0%
Q1 2022+4.7%+2.7%-9.7%
Q4 2021-4.3%-6.8%-14.0%
Q3 2021+6.2%+13.4%+5.0%
Q2 2021-3.0%-2.9%+1.3%
Q1 2021+13.1%+10.1%+28.9%
Q4 2020+29.5%+25.1%+42.0%
Q3 2020-13.6%-16.5%-20.7%
Q2 2020-1.3%+0.6%+14.0%
Q1 2020+8.0%-5.7%-28.2%
Q4 2019-2.0%+6.5%+2.2%
Q3 2019+8.8%+18.8%+48.0%
Q2 2019+4.0%+1.8%+3.3%
Q1 2018-13.5%-9.3%-19.3%
Q1 2019-17.1%-16.5%-24.2%
Q2 2018+4.5%+7.5%-15.6%
Q2 2017+4.5%+7.5%-15.6%
Q1 2016+4.5%+7.5%-15.6%
Q4 2018+10.8%-4.4%-18.2%
Q3 2018-19.2%-21.6%-38.0%
Q3 2017-19.2%-21.6%-38.0%
Q4 2017-19.2%-11.2%-28.8%

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