Sonos Results Presentation Deck slide image

Sonos Results Presentation Deck

Summary Financial Overview Americas % y/y EMEA % y/y APAC % yly Total Revenue % y/y % y/y - CC Gross Profit % gross margin Non-GAAP Operating Expenses R&D % of revenue S&M % of revenue Adjusted G&A % of revenue Total Operating Expenses % of revenue Adjusted EBITDA % margin Cash From/(Used in) Operations Capex Free Cash Flow 2018 603 QUE 479 55 1,137 489 43.0% 128 11.3% 255 22.4% 77 6.7% 460 40.4% 69 6.1% 31 (36) (5) 2019 678 12% 485 1% 98 78% 1,261 11% 13% 527 41.8% 154 12.2% 235 18.6% 88 7.0% 476 37.8% 89 7.0% 121 (23) 97 2020 756 11% 471 (3%) 100 2% 1,326 5% 6% 572 43.1% 185 13.9% 229 17.3% 85 6.4% 499 37.7% 109 8.2% 162 (33) 129 2021 981 30% 618 31% 117 18% 1,717 29% 26% 810 47.2% 204 11.9% 261 15.2% 100 5.8% 565 32.9% 279 16.2% 253 (46) 208 2022 1,044 7% 578 (7%) 130 11% 1,752 2% 5% 796 45.4% 222 12.7% 265 15.1% 120 6.8% 607 34.6% 227 12.9% (28) (46) (74) 2023 - Guidance Midpoint 1,750 0% 4% 796 45.5% 163 9.3% Note: $ in millions (unless noted), CC = constant currency, unaudited. FY23 guidance as of the date of this presentation. Non-GAAP operating expense figures exclude stock-based compensation, amortization restructuring, and related charges and legal and transaction related costs Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. Adjusted EBITDA, Adjusted EBITDA margin and free cash flow are non-GAAP measures. *See appendix for reconciliation of GAAP 28
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