Sonos Results Presentation Deck
Reconciliation of Net Income to Adjusted EBITDA
Net income
Add (deduct):
Depreciation and amortization
Stock-based compensation expense
Interest income
Interest expense
Other expense (income), 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
April 2, 2022
$8,566
9,575
21,225
(123)
90
2,281
(772)
6,012
$46,854
$ 399,781
11.7%
April 3, 2021
$ 17,221
8,742
16,363
(44)
182
1,578
(6,542)
11,013
$ 48,513
$ 332,949
14.6 %
Six Months Ended
April 2, 2022
$132,047
18,792
38,684
(156)
187
3,683
6,874
9,885
$209,996
$1,064,262
19.7%
April 3, 2021
$ 149,513
16,725
31,207
(80)
448
(2,680)
2,578
(2,611)
19,679
$ 214,779
$978,532
21.9%
(1) Restructuring and related expenses for the three months ended January 2, 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