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, net
Provision for (benefit from) income taxes
Restructuring and related expenses
Legal and transaction related costs (2)
Adjusted EBITDA
Revenue
Adjusted EBITDA margin
(1)
Note: $ in thousands, unaudited.
July 3, 2021
$17,826
9,065
15,547
(34)
77
(1,998)
858
5,351
Three Months Ended
$46,692
$378,672
12.3%
June 27, 2020
($56,980)
8,861
15,041
(81)
360
(365)
152
26,160
4,132
$(2,720)
$249,310
(1.1) %
Nine Months Ended
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%
June 27, 2020
($38,526)
(1) Restructuring and related expenses for the nine months ended July 3, 2021 includes 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.
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.
27,692
41,638
(1,954)
1,187
(3,366)
(1)
9,285
$62,115
$986,491
26,160
6.3%View entire presentation