Sonos, Inc. is an American technology company based in California, US. The company offers audio products and services to its customers including wireless speakers, home theater systems, music streaming services and more. Sonos’ current stock quote is 20.62 USD with market capitalization of around 2.6 bln USD and 127 mln shares outstanding.
Analyzing the company’s revenue over the past few financial quarters reveals a mixed picture. In the most recent quarter ending 1 April 2022, Sonos reported total revenue of 66 mln USD which was 6% higher than estimated revenue for this quarter but 7% lower than the previous quarter ending 7 January 2022 when it reported total revenue of 37 mln USD. The quarter before that ending 16 October 2021 saw Sonos reporting total revenue of 31 mln USD which was a decrease from prior year’s third quarter total revenue of 40 mln USD.
Overall, it appears that Sonos’ business has been gradually declining over the last year or so with total revenues decreasing from a peak of 66 mln USD in Q1 FY2022 to 31 mln USD in Q3 FY2021 and further decreased to 37 mln in Q4 FY2021 followed by another decline to 30 mln USD in Q1 FY2022. This could indicate some financial trouble for the company going forward as well as suggest that investors must be cautious while investing in this stock despite its potential growth opportunities due to unfavorable macroeconomic conditions and competitive market environment..
