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Sonos (SONO)

Sonos is one of the world's leading sound experience brands. As the inventor of multi-room wireless home audio, Sonos innovation helps the world listen better by giving people access to the content they love and allowing them to control it however they choose. Known for delivering an unparalleled sound experience, thoughtful home design aesthetic, simplicity of use and an open platform, Sonos makes the breadth of audio content available to anyone. Sonos is headquartered in Santa Barbara, California.

SONO stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$20.00
Low target
$20.00
High target
$20.00
Morgan Stanley
Maintains
Equal-Weight
$20.00
11 Aug 22
Stifel
Maintains
Hold
$20.00
11 Aug 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Aug 22
1 Oct 22
28 Sep 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 439.73M 439.73M 439.73M 439.73M 439.73M 439.73M
Cash burn (monthly) 55.67M 19.26M (no burn) (no burn) 2.24M (no burn)
Cash used (since last report) 167.08M 57.82M n/a n/a 6.72M n/a
Cash remaining 272.64M 381.91M n/a n/a 433.01M n/a
Runway (months of cash) 4.9 19.8 n/a n/a 193.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Sep 22 Lazarus Edward P RSU Common Stock Grant Acquire A No No 0 219,797 0 328,443
1 Sep 22 Christopher Scott Mason RSU Common Stock Grant Acquire A No No 0 164,848 0 223,199
15 Aug 22 Lazarus Edward P Common Stock Payment of exercise Dispose F No No 17.11 9,331 159.65K 166,806
15 Aug 22 Lazarus Edward P Common Stock Option exercise Acquire M No No 0 18,816 0 176,137
15 Aug 22 Lazarus Edward P RSU Common Stock Option exercise Dispose M No No 0 17,064 0 108,646
15 Aug 22 Lazarus Edward P RSU Common Stock Option exercise Dispose M No No 0 1,752 0 125,710
15 Aug 22 Fraser Anna Common Stock Payment of exercise Dispose F No No 17.11 10,805 184.87K 110,864
15 Aug 22 Fraser Anna Common Stock Option exercise Acquire M No No 0 20,520 0 121,669
15 Aug 22 Fraser Anna RSU Common Stock Option exercise Dispose M No No 0 19,419 0 95,482
15 Aug 22 Fraser Anna RSU Common Stock Option exercise Dispose M No No 0 1,101 0 114,901
13F holders Current Prev Q Change
Total holders 332 348 -4.6%
Opened positions 55 70 -21.4%
Closed positions 71 86 -17.4%
Increased positions 103 113 -8.8%
Reduced positions 103 105 -1.9%
13F shares Current Prev Q Change
Total value 2.51B 3.48B -27.8%
Total shares 117.09M 121.54M -3.7%
Total puts 1.17M 2.56M -54.5%
Total calls 2.26M 3.64M -37.9%
Total put/call ratio 0.5 0.7 -26.6%
Largest owners Shares Value Change
BLK Blackrock 21.24M $383.15M -5.0%
Vanguard 13.72M $247.54M +0.9%
Coliseum Capital Management 5.43M $98M +36.5%
American Century Companies 4.51M $81.35M -3.3%
STT State Street 4.3M $77.64M +3.0%
MS Morgan Stanley 4.26M $76.9M -13.2%
Thrivent Financial For Lutherans 4.08M $73.58M +7.1%
BEN Franklin Resources 3.89M $70.16M +4.2%
JPM JPMorgan Chase & Co. 3.5M $63.12M -1.5%
Trigran Investments 3.07M $55.34M +13.7%
Largest transactions Shares Bought/sold Change
HS Management Partners 0 -2.4M EXIT
Lord, Abbett & Co. 0 -1.87M EXIT
Coliseum Capital Management 5.43M +1.45M +36.5%
Scopia Capital Management 3.02M +1.21M +66.3%
DB Deutsche Bank AG - Registered Shares 128.89K -1.19M -90.2%
Park Presidio Capital 1.18M +1.18M NEW
BLK Blackrock 21.24M -1.13M -5.0%
Jacobs Levy Equity Management 0 -1.06M EXIT
Newbrook Capital Advisors 0 -856.18K EXIT
Hawk Ridge Capital Management 1.67M +827.29K +98.4%

Financial report summary

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Management Discussion
  • Total revenue increased $390.4 million, or 29.4%, for fiscal 2021 compared to fiscal 2020. The 53rd week in fiscal 2020 added approximately $25.0 million in fiscal 2020 revenue. Excluding the 53rd week in fiscal 2020, revenue increased approximately 31.9% for fiscal 2021 compared to fiscal 2020. The increase was driven by strong overall demand across all our product categories and the success of new product launches, partially offset by the impact of constrained product availability.
  • Sonos speakers revenue represented 80.3% of total revenue for fiscal 2021 and increased by 33.2% for fiscal 2021 compared to fiscal 2020 led by the launch of Roam and the continued success of Arc and Sub. Sonos system products revenue represented 15.4% of total revenue for fiscal 2021 and increased 21.2% for fiscal 2021 compared to fiscal 2020. Partner products and other revenue represented 4.2% of total revenue for fiscal 2021 and remained flat for fiscal 2021 compared to fiscal 2020. This category was more significantly impacted by reduced orders as IKEA slowed ordering modules given impacts of COVID-19 and as a result of cyclical product launches.
  • Volume growth of products sold for fiscal 2021 compared to fiscal 2020 was driven by growth in Sonos speakers and Sonos system products. The rate of increase of volume of products sold and revenue differed for fiscal 2021 compared to fiscal 2020 primarily due to product and channel mix on revenue. This volume growth was partially offset by volume declines by IKEA that slowed ordering modules due to impacts of COVID-19 and as a result of the cyclical product launches.

Content analysis

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Readability
H.S. sophomore Good
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Removed: eliminated, geographical, gmbh, Ireland