SANTA BARBARA, Calif. (AP) — SANTA BARBARA, Calif. (AP) — Sonos Inc. (SONO) on Wednesday reported a loss of $53.1 million in its fiscal fourth quarter.
On a per-share basis, the Santa Barbara, California-based company said it had a loss of 44 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 18 cents per share.
The maker of wireless speakers and home sound systems posted revenue of $255.4 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $249.8 million.
For the year, the company reported a loss of $38.1 million, or 31 cents per share. Revenue was reported as $1.52 billion.
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