10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-24-011840 |
| Period End Date | 20231231 |
| Filing Date | 20240207 |
| Fiscal Year | 2024 |
| Fiscal Period | Q1 |
| XBRL Instance | sono-20231230_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$220.23M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$467.34M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$67.58M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$80.81M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$173.04M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$346.52M | USD | Point-in-time |
| Prepaids and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$25.30M | USD | Point-in-time |
| Prepaids and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$37.69M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$758.89M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$659.63M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$86.82M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$87.08M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$53.86M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$48.92M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$82.29M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$80.42M | USD | Point-in-time |
| In-process research and development |
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
|
$69.79M | USD | Point-in-time |
| In-process research and development |
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
|
$72.85M | USD | Point-in-time |
| Other intangible assets |
OtherIntangibleAssetsNet
|
$20.22M | USD | Point-in-time |
| Other intangible assets |
OtherIntangibleAssetsNet
|
$18.75M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$1.71M | USD | Point-in-time |
| Deferred tax assets |
DeferredIncomeTaxAssetsNet
|
$1.66M | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$34.53M | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$34.84M | USD | Point-in-time |
| Total assets |
Assets
|
$1.00B | USD | Point-in-time |
| Total assets |
Assets
|
$1.11B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$176.37M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$187.98M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$97.99M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$89.72M | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrent
|
$22.08M | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrent
|
$28.02M | USD | Point-in-time |
| Deferred revenue, current |
ContractWithCustomerLiabilityCurrent
|
$20.94M | USD | Point-in-time |
| Deferred revenue, current |
ContractWithCustomerLiabilityCurrent
|
$20.19M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$34.25M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$52.68M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$376.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$354.22M | USD | Point-in-time |
| Operating lease liabilities, noncurrent |
OperatingLeaseLiabilityNoncurrent
|
$54.96M | USD | Point-in-time |
| Operating lease liabilities, noncurrent |
OperatingLeaseLiabilityNoncurrent
|
$60.62M | USD | Point-in-time |
| Deferred revenue, noncurrent |
ContractWithCustomerLiabilityNoncurrent
|
$64.96M | USD | Point-in-time |
| Deferred revenue, noncurrent |
ContractWithCustomerLiabilityNoncurrent
|
$60.65M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$9.85M | USD | Point-in-time |
| Deferred tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$10.19M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$3.91M | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$3.80M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$515.58M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$483.58M | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.001 par value |
CommonStockValue
|
$127.00K | USD | Point-in-time |
| Common stock, $0.001 par value |
CommonStockValue
|
$130.00K | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$72.59M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$38.86M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$607.35M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$569.29M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-12.79M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$68.16M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-4.31M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-3.44M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$594.41M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$633.35M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$518.66M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$560.51M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.00B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.11B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$612.87M | USD | 1 Quarter |
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$672.58M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$330.19M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$387.52M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$285.06M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$282.68M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$76.94M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$79.23M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$83.95M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$78.70M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$43.12M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$39.80M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$198.75M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$202.98M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$86.30M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$79.69M | USD | 1 Quarter |
| Interest income |
InterestIncomeExpenseNonoperatingNet
|
$3.08M | USD | 1 Quarter |
| Interest income |
InterestIncomeExpenseNonoperatingNet
|
$1.97M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$158.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$105.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$10.27M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$23.58M | USD | 1 Quarter |
| Total other income, net |
NonoperatingIncomeExpense
|
$13.24M | USD | 1 Quarter |
| Total other income, net |
NonoperatingIncomeExpense
|
$25.39M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$111.69M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$92.94M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$11.99M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$36.50M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$75.19M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$80.95M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$75.19M | USD | 1 Quarter |
| Net Income (Loss) |
NetIncomeLoss
|
$80.95M | USD | 1 Quarter |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$0.59 | USD | 1 Quarter |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$0.65 | USD | 1 Quarter |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$0.64 | USD | 1 Quarter |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$0.57 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
127.21M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
125.18M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
126.74M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
131.50M | shares | 1 Quarter |
| Net income |
NetIncomeLoss
|
$75.19M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$80.95M | USD | 1 Quarter |
| Change in foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-863.00K | USD | 1 Quarter |
| Change in foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-7.23M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$80.08M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$67.96M | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$75.19M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$80.95M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$11.13M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$11.88M | USD | 1 Quarter |
| Restructuring and abandonment charges |
RestructuringSettlementAndImpairmentProvisions
|
$260.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$20.20M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$19.36M | USD | 1 Quarter |
| Provision for inventory obsolescence |
ProvisionForInventoryObsolescence
|
$5.20M | USD | 1 Quarter |
| Provision for inventory obsolescence |
ProvisionForInventoryObsolescence
|
$5.84M | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$1.24M | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$1.59M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$167.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-45.00K | USD | 1 Quarter |
| Foreign currency transaction gains |
ForeignCurrencyTransactionGainLossBeforeTax
|
$7.39M | USD | 1 Quarter |
| Foreign currency transaction gains |
ForeignCurrencyTransactionGainLossBeforeTax
|
$17.70M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$7.29M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$12.21M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-143.14M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-167.64M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-2.46M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$12.88M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-7.43M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-65.92M | USD | 1 Quarter |
| Accrued compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$2.25M | USD | 1 Quarter |
| Accrued compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$5.99M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$-3.95M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$3.66M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$18.55M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$15.80M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$275.40M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$182.29M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$14.69M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$6.08M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.69M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-6.08M | USD | 1 Quarter |
| Payments for repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$23.48M | USD | 1 Quarter |
| Payments for repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$15.04M | USD | 1 Quarter |
| Proceeds from exercise of common stock options |
ProceedsFromStockOptionsExercised
|
$8.10M | USD | 1 Quarter |
| Proceeds from exercise of common stock options |
ProceedsFromStockOptionsExercised
|
$3.54M | USD | 1 Quarter |
| Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$3.75M | USD | 1 Quarter |
| Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$8.38M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-23.69M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-15.32M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.48M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$4.40M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$247.11M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$156.68M | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$274.86M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$431.53M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$220.23M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$467.34M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$274.86M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$431.53M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$220.23M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$467.34M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
$111.00K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$58.00K | USD | 1 Quarter |
| Cash paid for taxes, net of refunds |
IncomeTaxesPaidNet
|
$1.90M | USD | 1 Quarter |
| Cash paid for taxes, net of refunds |
IncomeTaxesPaidNet
|
$3.68M | USD | 1 Quarter |
| Cash paid for amounts included in the measurement of lease liabilities |
LeaseLiabilitiesPaidNet
|
$2.60M | USD | 1 Quarter |
| Cash paid for amounts included in the measurement of lease liabilities |
LeaseLiabilitiesPaidNet
|
$2.19M | USD | 1 Quarter |
| Purchases of property and equipment in accounts payable and accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$6.14M | USD | 1 Quarter |
| Purchases of property and equipment in accounts payable and accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$2.03M | USD | 1 Quarter |
| Right-of-use assets obtained in exchange for new operating lease liabilities |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$7.64M | USD | 1 Quarter |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance, beginning of period |
StockholdersEquity
|
$594.41M | USD | Point-in-time |
| Balance, beginning of period |
StockholdersEquity
|
$633.35M | USD | Point-in-time |
| Balance, beginning of period |
StockholdersEquity
|
$518.66M | USD | Point-in-time |
| Balance, beginning of period |
StockholdersEquity
|
$560.51M | USD | Point-in-time |
| Issuance of common stock pursuant to equity incentive plans (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
292,812.00 | shares | 1 Quarter |
| Retirement of treasury stock (in shares) |
TreasuryStockSharesRetired
|
4.42M | shares | 1 Quarter |
| Repurchase of common stock (in shares) |
TreasuryStockSharesAcquired
|
1.48M | shares | 1 Quarter |
| Repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards (in shares) |
StockRepurchasedDuringPeriodShares
|
332,550.00 | shares | 1 Quarter |
| Net income |
NetIncomeLoss
|
$75.19M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$80.95M | USD | 1 Quarter |
| Change in foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-863.00K | USD | 1 Quarter |
| Change in foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-7.23M | USD | 1 Quarter |
| Balance, ending of period |
StockholdersEquity
|
$594.41M | USD | Point-in-time |
| Balance, ending of period |
StockholdersEquity
|
$633.35M | USD | Point-in-time |
| Balance, ending of period |
StockholdersEquity
|
$518.66M | USD | Point-in-time |
| Balance, ending of period |
StockholdersEquity
|
$560.51M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.