Sonos shares up after strong earnings report
Sonos saw a record second quarter as it reported $17.2 million in net income on May 12, up from a steep loss the year before, and beat analysts’ expectations. The Santa Barbara-based home sound system producer went from a net loss of $52.3 million, or 48 cents per share, in the second fiscal quarter of Read More →
Read More →Small speaker is a big move for Sonos
The newest speaker from Sonos, Roam, made its debut April 20 and has the potential to help the Santa Barbara smart-speaker company grow in 2021 and beyond. Roam is Sonos’ first attempt into breaking into the portable Bluetooth speaker market, a market that is expected to see an annual growth rate of 11.71% from 2019 Read More →
Read More →Sonos shares rise on earnings beat
Sonos saw a big bump in its stock after the markets closed Feb. 10 after the Santa Barbara-based home audio company released a strong earnings report for the first quarter of its fiscal year 2021. Sonos saw an 87% increase in net income and a 15% increase in revenue for the quarter that ended Jan. Read More →
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Sonos earns $18.4M in 3rd quarter, but still shows a loss for the year
Santa Barbara’s smart speaker darling Sonos has strong quarter
Read More →Apple declares war on Sonos and other smaller competitors
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Read More →Sonos, Amgen, Teledyne lead the region in patents
Corporate research and development departments in the Tri-Counties churned out hundreds of new inventions in 2020, driving strong patent activity that has been undeterred by the coronavirus pandemic. A Business Times analysis of 975 patents granted to area inventors in the last 12 months showed imaging and semiconductor technologies remain some of the top avenues Read More →
Read More →Sonos laying off 12 percent of workforce
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