A recent Forbes review of Era 300 noted it is nearly as perfect as any wireless speaker can be, the spatial audio performance is fantastic. We have seen media and consumers alike embrace Era 100 for its detailed stereo sound and deep bass and Era 300 for its impressive out loud spatial audio listening with Dolby Atmos.Įach products are in stellar reviews from both media and consumers with consumers rating both the Era 100 and the Era 300 at 4.8 at a five stars on. Speaking of raising the bar in existing categories, our new Era family of products is off to a great start. This is a testament to our continued investment in research and development, which remains focused on two things, raising the bar in the existing categories where we play and entering new categories in innovative ways. Consistent with past quarters, we have continued to gain significant market share in home theater in both the United States and Europe. The categories of consumer electronics that we participate in remain challenged, as conditions have not yet returned to what we would consider normal and we continue to see unprecedented levels of discounting by our competitors.ĭespite this, our brand and product portfolio continue to perform well. We are winning in the categories in which we play and I am proud of the team’s execution as we outperformed the competition.
Earlier this afternoon, we reported strong fiscal Q3 results. I will now turn the call over to Patrick. I would like to also note that for convenience, we have separately posted an investor presentation to our Investor Relations website, which contains certain portions of our supplemental earnings presentation.
For information regarding our non-GAAP financials and a reconciliation of GAAP to non-GAAP measures, please refer to today's press release regarding our third quarter fiscal 2023 results posted to the Investor Relations portion of our website.Īs a reminder, the press release, supplemental earnings presentation and conference call transcript will be available on our Investor Relations website,. A discussion of these risk factors is fully detailed under the caption Risk Factors in our filings with the SEC.ĭuring this call, we will refer to certain non-GAAP financial measures. These statements are also subject to material risks and uncertainties that could cause actual results to differ materially from expectations reflected in the forward-looking statements. These statements reflect our views as of today only and should not be considered as representing our views of any subsequent date. For those who joined the call earlier, today's hold music is a sampling from our Sunset Fuzz station.īefore I hand it over to Patrick, I would like to remind everyone that today's discussion will include forward-looking statements regarding future events and our future financial performance. And with me today are Sonos' CEO, Patrick Spence and CFO and Chief Legal Officer, Eddie Lazarus. Good afternoon, and welcome to Sonos Third Quarter Fiscal 2023 Earnings Conference Call.
James Baglanis, Head of Investor Relations, you may begin your conference. At this time, I would like to welcome everyone to the Sonos Third Quarter Fiscal 2023 Earnings Conference Call. My name is Emma, and I will be your conference operator today. James Baglanis - Senior Director, Investor RelationsĮddie Lazarus - Chief Financial Officer and Chief Legal Officer ( NASDAQ: SONO) Q3 2023 Earnings Conference Call Aug5:00 PM ET
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