Sonos, Inc. (NASDAQ:SONO) Q4 2022 Earnings Conference Call November 16, 2022 5:00 PM ET

Company Participants

James Baglanis - Senior Director, Investor Relations

Patrick Spence - Chief Executive Officer

Eddie Lazarus - Chief Financial Officer

Conference Call Participants

Tom Forte - D.A. Davidson

Matt Sheerin - Stifel

John Babcock - Bank of America

Erik Woodring - Morgan Stanley

Brent Thill - Jefferies

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Sonos Fourth Quarter and Fiscal 2022 Earnings Call. [Operator Instructions] I will now turn the floor over to Mr. James Baglanis, Senior Director of Investor Relations. Please go ahead, sir.

James Baglanis

Good afternoon and welcome to Sonos fourth quarter and fiscal 2022 earnings conference call. I am James Baglanis, and with me today are Sonos CEO, Patrick Spence; and CFO and Chief Legal Officer, Eddie Lazarus. For those who joined the call early, today’s hold music is a sampling from our holiday-inspired Sonos Radio station, Thankful.

Before 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. These statements reflect our views as of today only and should not be considered as representing our views of any subsequent date. 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. A discussion of these risk factors is fully detailed under the caption Risk Factors in our filings with the SEC.

During this call, we will also refer to certain non-GAAP financial measures. 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 fourth quarter and fiscal 2022 results posted to the Investor Relations portion of our website. As a result, as a reminder, the press release, supplemental earnings presentation and conference call transcript will be available on today’s Investor Relations website.

I will now turn the call over to Patrick.

Patrick Spence

Thank you, James and hello everyone. Earlier today, we announced that Eddie Lazarus, our Interim CFO and Chief Legal Officer, has been appointed as Chief Financial Officer. Eddie has long played an active role in our strategic planning and he knows the team and the intricacies of our business. His unique background brings a fresh perspective to the table and he has already made tremendous contributions to our fiscal 2023 plan. I am confident that we are in good hands with Eddie in the role. We will commence a search for a General Counsel who will assume the day-to-day responsibilities of the legal organization reporting to Eddie.