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
Three Months Ended
October 1,
2022
$(64,067)
10,805
18,177
(1,070)
168
8,364
(3,459)
October 2,
2021
$(8,744)
8,093
15,372
(33)
67
2,271
(5,106)
165
5,028
$17,113
$359,539
4.8%
Twelve months ended
October 1,
2022
$67,383
38,504
75,640
(1,655)
552
21,905
1,347
October 2,
2021
$158,595
22,873
$226,549
$1,752,336
12.9%
33,882
62,127
(146)
592
(2,407)
(1,670)
(2,446)
5,529
30,058
$(25,553)
$278,585
$1,716,744
$316,290
(8.1)%
Adjusted EBITDA margin
16.2%
(1) Restructuring and related expenses for the twelve months ended October 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