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
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