Sonos 2024 Outlook Unchanged: Sees Revenue $1.6B-$1.7B vs $1.65B Est., Non-GAAP Gross Margin 45.4%-46.4%
Portfolio Pulse from Benzinga Newsdesk
Sonos maintains its 2024 outlook, projecting revenues between $1.6 billion and $1.7 billion, aligning with the estimated $1.65 billion. The company also forecasts a non-GAAP gross margin of 45.4% to 46.4%.
February 06, 2024 | 9:59 pm
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Sonos reaffirms its 2024 revenue forecast to be between $1.6 billion and $1.7 billion, with a non-GAAP gross margin of 45.4% to 46.4%.
Sonos maintaining its 2024 outlook despite market fluctuations shows confidence in its business model and operational efficiency. This stability is likely to be viewed positively by investors, potentially leading to a short-term uptick in stock price as it aligns closely with analyst expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100