Sonos reports fourth quarter and fiscal 2023 results

Santa barbara, calif.--(business wire)--sonos, inc. (nasdaq: sono) today reported fourth quarter and fiscal 2023 results. fiscal 2023 financial highlights (unaudited) revenue decreased 5.5% year-over-year to $1,655.3 million; on a constant-currency basis, revenue decreased 3.3% year-over-year gross margin decreased 220 basis points year-over-year to 43.3% gaap net loss of $10.3 million compared to net income of $67.4 million last year gaap diluted loss per share of $(0.08) compared to gaap dilu.
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