Strata-gee.com

Strategy in TECH...

You are here: Home / Archives for Tom Conrad

Tom Conrad

Calling Year ‘Transitional,’ Sonos Reports Fiscal 2025 Results; Revenues Decline, Losses Increase

by 3 Comments

CEO Articulates a New Strategy…But, Is It Really New?

Calling 2025 a “transitional” year, new Sonos, Inc. (Nasdaq: SONO) CEO Tom Conrad suggested the company turned a corner in the fourth quarter, as part of reporting its financial results for fiscal 2025, the year that ended on September 27, 2025. However, I couldn’t help but notice company executives were carefully choosing their words in describing the company’s performance – referring to just certain key Q4 numbers and “adjusted” results. This always makes me want to take a deeper look, and when I looked at fiscal 2025’s total performance, it was disappointing, with revenues continuing to decline and losses progressively increasing…again.

Even in the fourth quarter, which the executives did want to talk about, the company lost $37.9 million.

Learn all about how Sonos performed in fiscal 2025…

[Read more…] about Calling Year ‘Transitional,’ Sonos Reports Fiscal 2025 Results; Revenues Decline, Losses Increase

Sonos Reports Fiscal 2025 Q3 Results; Revenues Drop 13%, Reveals Net Loss of $3.4M

by Leave a Comment

Sonos, Inc. (Nasdaq: SONO) released its financial results for the third quarter of Fiscal Year 2025, which included a double-digit percentage revenue decline and a significant net loss in the millions of dollars. Yet Sonos management declared victory with new CEO Tom Conrad calling the quarter a “…solid step forward for Sonos,” and CFO Saori Casey joining in by saying, “Q3 was another quarter of solid execution…”

Are we watching the same movie here?

See all the details on the Sonos Q3 of fiscal 2025 financial performance

[Read more…] about Sonos Reports Fiscal 2025 Q3 Results; Revenues Drop 13%, Reveals Net Loss of $3.4M

Sonos Board Decides to Upgrade Interim CEO Tom Conrad to Official CEO

by Leave a Comment

Sonos permanent CEO Tom Conrad

Sonos, Inc. [Nasdaq: SONO] announced today that its Board of Directors has decided to appoint Tom Conrad – current Interim CEO – as the new official Chief Executive Officer, effective immediately. Conrad, who was a member of the Board of Directors when it chose to dismiss previous CEO Patrick Spence, was named as the Interim CEO back in January.

Learn more about Sonos making Tom Conrad its CEO

[Read more…] about Sonos Board Decides to Upgrade Interim CEO Tom Conrad to Official CEO

Is Sonos Adrift and Directionless? Or On the Right Track?

by 4 Comments

Exhibit F Sonos Motion

Recent developments and reporting within the last week seem to suggest that Sonos, Inc. (Nasdaq: SONO) is adrift and directionless as its new Interim CEO tries to right the ship. It has even canceled its next big product introduction. Is the company flailing? Or is it finally getting its act together?

See more on the recent Sonos reporting…

[Read more…] about Is Sonos Adrift and Directionless? Or On the Right Track?

Latest Sonos Earnings Report Shows Just How Bad Things Are

by 2 Comments

Sonos graphic for Q1 Fiscal 2025 results
Is that a disaster movie they’re watching?

Sonos announced the financial results for its first quarter of Fiscal 2025, the 90-day period that ended on December 28, 2024. It was sobering news – Revenues declined over 10%, Operating Income collapsed almost 40%(!), and Net Income slid 38%. These poor results show that Sonos is starting out 2025, not as bad as 2024…it’s starting out worse.

Yet some outlets on Wall Street reported Sonos results were “better than expected.” With these numbers, how is that possible? Read on…

Learn all about the Sonos financial results in the first quarter of Fiscal 2025

[Read more…] about Latest Sonos Earnings Report Shows Just How Bad Things Are

Another Round of Sonos Layoffs at a Critical Moment; 12% of Staff is Cut

by Leave a Comment

Consumer using Sonos products

Sonos has announced that it is launching yet another reorganization (it had one in 2024, and another one before that in 2023) with a “reduction in force” this time impacting 12% of its entire workforce. It seems remarkable that at a time when it continues to struggle to extricate itself from the La Brea tar pits it fell into via 2024’s app disaster, one of its first solutions is to let people go. More than 1 out of every 10 employees has been terminated to “…improve the Company’s operating model and cost structure to set the Company up for long-term success.”

See more on the Sonos layoffs

[Read more…] about Another Round of Sonos Layoffs at a Critical Moment; 12% of Staff is Cut