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
October 2, 2021
($8,744)
8,093
Note: $ in thousands, unaudited.
15,372
(33)
67
2,271
(5,106)
Three Months Ended
165
5,028
$17,113
$359,539
4.8%
October 3, 2020
$18,411
8,733
15,971
(43)
300
(3,273)
34
125
6,170
$46,428
$339,837
13.7%
Twelve Months Ended
October 2, 2021
$158,595
33,882
62,127
(146)
592
(2,407)
(1,670)
(2,446)
30,058
$278,585
$1,716,744
16.2%
(1) Restructuring and related expenses for the twelve months ended October, 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. The gain represents the difference between the related operating lease liability and previously accrued restructuring expenses versus the early termination payment.
October 3, 2020
($20,115)
(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.
36,426
57,610
(1,998)
1,487
(6,639)
32
26,285
15,455
$108,543
$1,326,328
8.2%View entire presentation