Sonos Results Presentation Deck
Reconciliation of Net Income (Loss) to Adjusted EBITDA
Net income (loss)
Add (deduct):
Depreciation and amortization
Stock-based compensation expense
Interest income
Interest expense
Other (income) expense, net
Provision for (benefit from) income taxes
Restructuring and related expenses (1)
Legal and transaction related costs (2)
Adjusted EBITDA
Revenue
Adjusted EBITDA margin
April 3, 2021
S17,221
8,742
Note: $ in thousands, unaudited.
16,363
(44)
182
1,578
Three Months Ended
(6,542)
11,013
$48,513
$332,949
14.6%
March 28, 2020
($52,320)
9,726
13,394
(874)
374
1,423
(1,810)
1,705
$(28,382)
$175,098
(16.2)%
Six Months Ended
April 3, 2021
$149,513
16,725
31,207
(80)
448
(2,680)
2,578
(2,611)
19,679
$214,779
$978,532
21.9%
March 28, 2020
$18,454
(1) Restructuring and related expenses for the six months ended April 3, 2021 includes a gain of $2.8 million, related to our negotiation for the early termination of a facility lease that was part of the 2020 restructuring.
The gain represents the difference between the related operating lease liability and previously accrued restructuring expenses versus the early termination payment.
(2) Legal and transaction related costs consist of expenses related to our intellectual property ("IP") litigation against Alphabet Inc. and Google LLC as well as legal and transaction costs associated with our acquisition
activity, which we do not consider representative of our underlying operating performance.
18,831
26,598
(1,873)
827
(3,001)
(153)
$64,836
$737,181
5,153
8.8%View entire presentation