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
Three Months Ended
July 2, 2022
$ (597)
8,907
18,779
(429)
196
9,858
(2,068)
7,459
$ 42,105
$ 371,783
11.3%
July 3, 2021
$ 17,826
9,065
15,547
(34)
77
(1,998)
858
5,351
$ 46,692
$ 378,672
12.3%
Nine Months Ended
July 2, 2022
$ 131,451
27,699
57,463
(585)
384
13,541
4,805
17,344
$ 252,102
$ 1,436,046
17.6%
July 3, 2021
$ 167,339
25,789
46,755
(114)
525
(4,678)
3,436
(2,611)
25,030
$261,471
$ 1,357,204
19.3%
(1) Restructuring and related expenses for the nine months ended July 3, 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 2020
restructuring plan. 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 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.
Note: $ in thousands, unaudited.View entire presentation