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3 Audio Video Stocks to Focus on From a Flourishing Industry
ZACKS· 2025-09-23 15:36
The Zacks Audio Video Production industry participants like Dolby Laboratories, Inc. (DLB) , Sonos, Inc. (SONO) and GoPro, Inc. (GPRO) are likely to benefit from investments in cutting-edge technology solutions that create better communication experiences. The players also stand to gain as they increase focus on direct-to-customer sales channels. Rapid technological advances, such as 4K, 8K and immersive audio formats, are boosting demand for new devices, which bodes well for participants like GoPro and Dol ...
Sonos' Q3 Earnings Meet Estimates, Revenues Beat, Stock Up
ZACKS· 2025-08-07 15:56
Core Insights - Sonos, Inc. reported third-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 19 cents, meeting the Zacks Consensus Estimate, but down from 23 cents in the prior-year quarter. On a GAAP basis, the company reported a loss of 3 cents compared to an EPS of 3 cents in the year-ago quarter [1][2] Revenue Performance - Quarterly revenues declined 13.2% year over year to $344.8 million, exceeding the company's guidance of $310 million to $340 million, driven by stronger-than-expected sales of portables and components [2][10] - Revenues from Sonos speakers were $253.7 million, down 15.8% year over year, while system products generated $73.2 million, a decrease of 2.7% year over year. Partner products and other revenues totaled $17.9 million, down 14.1% year over year [5] - Region-wise, revenues from the Americas decreased 13.2% to $229.7 million, Europe, the Middle East, and Africa generated $97.2 million, down 12.3%, and revenues from the Asia Pacific fell 17.4% to $17.9 million [6] Margin and Expense Analysis - Non-GAAP gross profit was $154.1 million, down 20.3% year over year, with non-GAAP gross margin contracting 400 basis points to 44.7% [7] - Adjusted operating expenses were $131.1 million, down 15.4% year over year, reflecting a 23% decline in non-GAAP operating expenses due to workforce reductions and cost optimization initiatives [8][10] - Research and development (R&D) expenses decreased 17%, general and administrative (G&A) expenses fell 16%, and sales and marketing expenses were down 13% [9] Cash Flow and Liquidity - In the fiscal third quarter, Sonos generated $37.4 million in cash from operations, with free cash flow at $32.7 million, down from $40.3 million in the same period last year. Cash and cash equivalents stood at $201.3 million as of June 28, compared to $173.2 million as of March 29, 2025 [12] Future Guidance - For the fourth quarter, Sonos expects revenues to range between $260 million and $290 million, indicating a year-over-year increase of 2% to 14%. Projected GAAP gross margin is between 42% and 44%, and non-GAAP gross margin is expected to be between 43.7% and 45.5% [14] - GAAP operating expenses are projected to be between $150 million and $155 million, a decline of 10% to 13% from $172 million in the same period last year [15] - Adjusted EBITDA is anticipated to range from a loss of $10 million to a gain of $14 million, marking an improvement compared to a negative EBITDA of $22.6 million in the fourth quarter of the prior year [16]
Sonos (SONO) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2025-08-06 22:31
Core Insights - Sonos reported revenue of $344.76 million for the quarter ended June 2025, reflecting a year-over-year decline of 13.2% and an EPS of $0.19 compared to $0.23 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $329.21 million, resulting in a surprise of +4.73%, while the EPS met the consensus estimate [1] Revenue Performance - Revenue from Sonos speakers was $253.67 million, surpassing the average estimate of $245.35 million, but showing a decline of -15.8% year-over-year [4] - Revenue from partner products and other revenue was $17.92 million, slightly below the average estimate of $18 million, with a year-over-year decline of -14.1% [4] - Revenue from Sonos system products was $73.18 million, exceeding the average estimate of $53.08 million, but still reflecting a -2.7% change compared to the previous year [4] Stock Performance - Sonos shares have returned +0.9% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Sonos (SONO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-05-08 00:05
Core Insights - Sonos reported revenue of $259.76 million for the quarter ended March 2025, marking a year-over-year increase of 2.8% and exceeding the Zacks Consensus Estimate by 1.50% [1] - The company's EPS for the same period was -$0.18, an improvement from -$0.34 a year ago, but did not deliver an EPS surprise as it matched the consensus estimate [1] Revenue Performance - Revenue from Sonos speakers was $194.52 million, below the average estimate of $203.42 million, reflecting a year-over-year increase of 3.9% [4] - Revenue from partner products and other revenue was $14.70 million, falling short of the estimated $17.30 million, representing a year-over-year decline of 8.9% [4] - Revenue from Sonos system products reached $50.54 million, surpassing the average estimate of $34.62 million, with a year-over-year increase of 2.6% [4] Stock Performance - Sonos shares have returned +12.8% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]