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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 397M | 57.3% |
| Gross Profit | 192M | 71.1% |
| Cost of Revenue | 311M | 27.5% |
| Operating expense | 179M | 2.2% |
| Net Income | 3.7M | 105.3% |
| EBITDA | 13M | 119.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 961M | 3.8% |
| Total Liabilities | 497M | 15.1% |
| Total Equity | 464M | 6% |
| Shares Outstanding | 123M | 1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 63M | 157.1% |
| Cash from investing | -27M | 52% |
| Cash from financing | -56M | 3.2% |
EPS
Financial Highlights for Sonos in Q2 '24
Sonos reported a revenue of 397M, which is a 57.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 192M, marking a 71.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 311M, a 27.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 179M, showing a -2.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 3.7M, showing a 105.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 13M, showing a 119.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Sonos with growth in revenue, gross profit, and net income.
