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You are here: Home / Archives for Sonos

Sonos

Sonos Car Audio and Other Surprises at Investor Event

March 11, 2021 by Ted 2 Comments

Audi Q4 E-Tron interior with Sonos car audio
Audi Q4 E-Tron interior [Click to enlarge]

On Tuesday, Sonos held a major investors event that started off with the introduction of their new Roam portable speaker. But the real purpose of this event was to provide investors information on their financial performance. And stock analysts and the media got quite a show – and a few surprises – as the company revealed their formula for success.

Learn what Sonos says is their success formula…

[Read more…] about Sonos Car Audio and Other Surprises at Investor Event

Filed Under: Brands, Financial, Management, Manufacturers, Strategy Tagged With: Audi, Brittany Bagley, Patrick Spence, Pete Pedersen, Roam, Sonos, Ted Dworkin

With Direct Sales Expanding, Sonos Reports Record 1st Qtr Fiscal 21 Results

February 11, 2021 by Ted Leave a Comment

On Wednesday after the close of markets, Sonos announced that it had turned in a record first quarter in their current 2021 fiscal year with revenues up, profits up, long-term debt down and new records set in several performance categories. In fact, actual performance came in so much stronger than the company had originally anticipated, that after just this first quarter of the year they announced they were revising and raising their guidance for their anticipated revenues and profits for the remainder of the fiscal year.

But were there any dark clouds in the super sunny Sonos report?

[Read more…] about With Direct Sales Expanding, Sonos Reports Record 1st Qtr Fiscal 21 Results

Filed Under: Brands, Financial, Management, News, Strategy Tagged With: Sonos, Sonos Inc

Sonos Scores Another Patent Win, Legrand Signs Multi-Year Licensing Deal

December 16, 2020 by Ted 2 Comments

Sonos logo from the past

In yet another sign of patent success for Sonos, major industry player Legrand has agreed to a multi-year licensing deal to cover the technology used in their Nuvo line of wireless multi-room products. This is yet another sign that tends to add to the growing power of the Sonos patent portfolio covering these technologies.

See more on this announcement of a deal with Legrand…

[Read more…] about Sonos Scores Another Patent Win, Legrand Signs Multi-Year Licensing Deal

Filed Under: Financial, Law, News, Strategy Tagged With: lawsuit, Legrand, patents, Sonos, Sonos Inc

Sonos & Google Patent War Gets Ugly, Each Accuses the Other of Bad Faith

December 3, 2020 by Ted 2 Comments

Photo of lawyers arm wrestling

A hearing before a California federal judge brought an ugly exchange between attorneys for both Sonos and Google – with each side pointing their finger at the other and accusing them of bad faith. That attorneys got ugly against their counterparts is not in itself surprising. However, the speed with which this dispute devolved to that point was a surprise.

Learn more about this escalating battle between Sonos & Google…

[Read more…] about Sonos & Google Patent War Gets Ugly, Each Accuses the Other of Bad Faith

Filed Under: Brands, Law, Manufacturers, News, Strategy, Tech Trends Tagged With: Google, lawsuit, patent infringement, patents, Sonos

Sonos is Getting Hooked on D2C Biz; Revenues & Profits Exceed Expectations

November 20, 2020 by Ted 2 Comments

But Is Everything Really as Good as It Looks?

Sonos, Inc. [NASDAQ: SONO] released their fourth quarter and full year financial results for fiscal 2020. Their performance pleasantly surprised Wall Street and their stock value exploded well over 20% in Thursday trading as the company exceeded analysts’ estimates for both revenue growth and profits. But is everything as it appears here?

See more on Sonos financial results…

[Read more…] about Sonos is Getting Hooked on D2C Biz; Revenues & Profits Exceed Expectations

Filed Under: Brands, Financial, Management, News, Strategy Tagged With: IKEA, Patrick Spence, Sonance, Sonos, Sonos Inc

Sonos Stock Slammed on News Apple Stores Drop the Line

October 7, 2020 by Ted 2 Comments

Photo of Apple store in Chicago

Lost 7% of Value in After-Hours Trading

Bloomberg News reported late on Monday that Apple is dropping Sonos [NASDAQ: SONO] and other non-Apple branded products from their stores. The news of Sonos losing such a major customer caused their stock to derail in after hours trading, down almost 7% in value at one point. On Tuesday, Sonos stock price closed down 3.2% as Wall Street digested the news.

See why Apple stores are dropping Sonos…

[Read more…] about Sonos Stock Slammed on News Apple Stores Drop the Line

Filed Under: Brands, Financial, Management, News, Products, Retailers, Strategy, Tech Trends Tagged With: Apple, Apple Watch, B&O, B&W, Bang & Olufsen, Beats, Bowers & Wilkins, FitBit, Pioneer, Sonos

Sonos & Google Patent War Intensifies as Each Fires New Salvos This Week

September 30, 2020 by Ted Leave a Comment

tanks are aligned for battle between these two giants

It must be really interesting in those Sonos and Google joint product development meetings, where the parties meet to discuss their partnership on the Google assistant technology built into Sonos products. You see, in addition to this product partnership, both companies are ensnarled in a nasty round of lawsuits accusing each other of various patent violations – with tactics and rhetoric heating up as each fired new salvos at the other just this week. On Monday, Google sued Sonos. On Tuesday, Sonos sued Google. This is getting serious…

See what’s happening now between Sonos and Google

[Read more…] about Sonos & Google Patent War Intensifies as Each Fires New Salvos This Week

Filed Under: Law, Manufacturers, News, Strategy Tagged With: Google, lawsuit, patent infringement, Sonos

Sonos Adds Top Microsoft Executive to Its Board of Directors

August 20, 2020 by Ted Leave a Comment

Photo of Sonos One

Sonos, Inc. (NASDAQ: SONO) announced this week that they are adding a new member to their Board of Directors. In fact, they even increased the size of the Board to make room for this new addition. The news surprised – and impressed – many market observers, as the person they are adding is Panos Panay, a top Microsoft Corp. executive. You see, if you are not familiar with Panay, there is something special about his background that makes him an intriguing addition to the Sonos Board.

Learn more about this Sonos recruitment…

[Read more…] about Sonos Adds Top Microsoft Executive to Its Board of Directors

Filed Under: Financial, Management, Manufacturers, News, People, Strategy Tagged With: Microsoft, Microsoft Corporation, Sonos, Sonos Inc

KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

June 22, 2020 by Ted 1 Comment

Sonos soundbar and subwoofer

In a filing with the Securities and Exchange Commission on Thursday, KKR Stream Holdings LLC reported that it sold nearly 14 million shares of Sonos, Inc. stock (SONO:NASDAQ). The sale took place on Wednesday (June 17, 2020) and, according to their disclosure filed with the SEC, this sale takes them completely out of Sonos ownership, with zero shares remaining in its portfolio.

Learn more about KKR selling their Sonos stock…

[Read more…] about KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

Filed Under: Financial, News Tagged With: divestiture, KKR, Sonos

Sonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 Million

May 6, 2020 by Ted 1 Comment

Photo of new Sonos Sub

CEO Says Direct-to-Consumer Sales Were Big, Launching Three New Models

Sonos Inc. announced Wednesday the results of their fiscal second quarter, a quarter that CEO Patrick Spence called “challenging.” The company saw a double-digit sales decline of 17% to $175.1 million from $210.2 million in the same quarter in 2019. Worse, net losses more than doubled to $52.3 million – 129% worse than the net loss of $22.8 million in Q2 last year.

Still, Spence sounded upbeat in a letter to investors and says he is “confident that the actions we are taking today will set us up for long-term success and the continued tremendous opportunity ahead.”

Learn more about the sour Sonos results in Q2…

[Read more…] about Sonos Hits Sour Note – Fiscal Q2 Sales Drop 17%, Losses Hit $52.3 Million

Filed Under: Financial, Management, Manufacturers, News, Products Tagged With: Sonos, Sonos Inc

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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