Sonos Results Presentation Deck
Reconciliation of Operating Income (Loss) to Adjusted EBITDA
Operating Income (Loss) (GAAP)
Stock-based compensation
Legal and transaction related costs¹
Amortization of intangibles
Lease abandonment costs²
Adjusted Operating Income (Loss) (Non-GAAP)
Depreciation
Adjusted EBITDA (Non-GAAP)
Three Months Ended
Note: $ in thousands, unaudited.
April 1, 2023
$ (57,226)
21,025
9,018
1,492
4,846
$ (20,845)
10,221
$ (10,624)
April 2, 2022
$ 10,042
21,225
6,012
974
$ 38,253
8,601
$ 46,854
Six Months Ended
April 1, 2023
$ 29,078
41,220
15,307
3,196
4,846
$ 93,647
19,649
$ 113,296
April 2, 2022
$ 142,635
38,684
9,885
2,284
$ 193,488
16,508
$ 209,996
1 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.
2
In March 2023, in support of operational efficiencies, we abandoned portions of our office spaces for the remainder of their respective lease terms. Lease abandonment costs include the impact of the write-off of
the associated operating lease right-of-use assets, as well as accelerated depreciation of the related leasehold improvements.
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