Sonos (SONO) Stock

SONO's Q4 revenues suffer due to delays in product launches amid setbacks with the new app rollout.

The speaker maker's holiday quarter forecast is lifting its stock, but fallout from last spring's app fiasco still lingers.

Sonos, Inc. (NASDAQ:SONO ) Q4 2024 Earnings Conference Call November 13, 2024 5:00 PM ET Company Participants James Baglanis - Head, Investor Relations & Treasury Patrick Spence - Chief Executive Officer Saori Casey - Chief Financial Officer Conference Call Participants Steve Frankel - Rosenblatt Brent Thill - Jefferies Erik Woodring - Morgan Stanley Alex Fuhrman - Craig-Hallum Capital Group Mark Cash - Raymond James Operator Thank you for standing by, and welcome to the Sonos Fourth Quarter 2024 Conference Call. All lines have been placed on mute to prevent any background noise.

The headline numbers for Sonos (SONO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Sonos (SONO) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.07 per share a year ago.

Sonos is scheduled to report earnings after Wednesday's close. In 2021, the stock hit a record high near $44.72/share and is currently trading near $14/share.

Evaluate the expected performance of Sonos (SONO) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Sonos, Inc. SONO has made seven new commitments based on an internal review of its May app release, ensuring it continues to deliver the best wireless audio systems and that customers enjoy the quality for which the brand is known. Many of these efforts are already in progress, with additional measures set to be rolled out over the rest of the year.

Sonos' May app relaunch will be studied as a business school cautionary tale for years to launch. The home audio firm prioritized netting new customers over its existing loyal fanbase as it added the Ace headphones to its product portfolio.