The company also boosted its longer-term guidance, saying that revenue in 2024 should be $2.5 billion, up from prior estimates of $2.25 billion. Amplify your home theater Enjoy stereo sound for shows, movies, and video games when you connect Amp to your speakers and TV. Spence and Bagley said that the supply problems are likely to persist, though they should ease over the course of the year. “I’ve been in this smart hardware world for 25 years, and I’ve never seen it as challenging as it was,” said CEO Patrick Spence. Port congestion, container shortages and other supply-chain issues hurt too. The global chip shortage has been difficult for Sonos, and forced the company to try some workarounds during the quarter-even reconfiguring the boards in some of its products to get around component shortages while still keeping quality high. New Sonos Wireless Amplifier 125 Watt Black Amplified Streaming Music System.
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Somewhat ironically, those difficulties helped the company on one closely watched metric-gross margins-because it was able to sell a higher percentage of items at full price. Unfortunately, the price has gone up by more than 20 percent, and so it seems too expensive. If it had cost the same as at launch, it would still have got our clear recommendation. It can drive more expensive speakers with great (enough) conviction to some extent. “We can’t even fill the demand that we have at full price so it didn’t make sense to run a promo.” The Sonos Amp is a very user-friendly amplifier that does very well.
“We didn’t really have the supply to run a promo,” said CFO Brittany Bagley in an interview. Normally, the company introduces a major promotional offer during the quarter, which includes the holiday season, but it didn’t do that this year because executives were worried about getting products to customers. The Connect:Amp is tremendously useful, but slightly underpowered at 55 watts per channel, and the basic hardware is getting fairly long in the tooth. Sonos AMP - Smart Class D Stereo Amplifier. Its first quarter sales were up 3%, versus 15% a year ago. The Sonos ZonePlayer 120 is a quality digital amplifier which connects to any Sonos. Bring the Sonos experience to your floor-standing, architectural, outdoor, or bookshelf speakers. But in recent months, the company’s growth has been constrained on the supply side, making it harder to fulfill orders. Demand for Sonos’ products remained strong during the pandemic as people stayed home and upgraded their sound systems. More info Out of stock Or as low as 92/ month. Sonos stock looks reasonably priced based on peak earnings, though.
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