Sonos Results Presentation Deck
Reconciliation of Net Income to Adjusted EBITDA
Net income
Add (deduct):
Depreciation and amortization
Stock-based compensation expense
Interest income
Interest expense
Other (income) expense, net
Provision for income taxes
Restructuring and related expenses (1)
Legal and transaction related costs (2)
Adjusted EBITDA
Revenue
Adjusted EBITDA margin
January 1, 2022
$ 123,481
9,217
17,459
(33)
98
Note: $ in thousands, unaudited.
1,402
7,646
3,873
$ 163,143
$ 664,481
24.6 %
Three Months Ended
January 2, 2021
$ 132,292
7,982
14,844
(36)
265
(4,257)
9,120
(2,611)
8,666
$ 166,265
$ 645,584
25.8 %
(1) Restructuring and related expenses for the three months ended January 2, 2021, include a gain of $2.8 million, related to our negotiation for the early termination of a facility lease that was part of the restructuring plan initiated in June 2020
as part of our efforts to reduce operating expenses and conserve liquidity due to the uncertainty and challenges stemming from the COVID-19 pandemic. 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.View entire presentation