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Sonos Inc(SONO-Q)
NASDAQ

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Speaker-maker Sonos unveils broad series of reforms after app release ‘failure’ in May

Sonos CEO Patrick Spence said he and seven other company leaders would forgo their bonus in the most recent fiscal year and, unless certain benchmarks are met, the coming one
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Sonos (SONO) Q3 2024 Earnings Call Transcript
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Profile

Sonos operates as a consumer electronics company that is primarily involved in the manufacturing of smart speakers with immersive sound experience. The company leverages evolving consumer technology and entertainment trends to be on par with the audio consumption patterns of customers that is largely characterized by fast-tracked adoption of voice assistants and streaming services. Catering to a varied base of developers, customers and content partners, the company is well poised to capitalize on the potential market opportunities in the booming home audio market. Also, the speakers are specifically designed to deliver a seamless customer experience in a multi-user and open platform environment, thanks to its proprietary software platform. Its product portfolio includes Sonos speakers, Sonos System Products, and Partner Products and Other Revenue category.

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