Sonos, Inc. (NASDAQ:SONO) Q3 2023 Earnings Call Transcript November 15, 2023 5:00 PM ET

Company Participants

James Baglanis - Senior Director, Investor Relations

Patrick Spence - Chief Executive Officer

Edward Lazarus - Chief Financial Officer and Chief Legal Officer

Conference Call Participants

Tom Forte - D.A. Davidson

Steve Frankel - Rosenblatt

Erik Woodring - Morgan Stanley

Jason Haas - Bank of America

Alex Fuhrman - Craig-Hallum Capital Group

Jake Norrison - Raymond James

David Lustberg - Jefferies

Operator

Good afternoon. My name is Christa, and I'll be your conference operator today. At this time, I would like to welcome everyone to Sonos Fourth Quarter and Fiscal 2023 Conference Call. All lines have been placed on mute to prevent any background noise.

After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. I will now like to turn the conference over to James Baglanis, Head of Investor Relations. James, you may begin.

James Baglanis

Thanks, Christa. Good afternoon and welcome to Sonos fourth quarter and fiscal 2023 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 new Sonos Radio HD exclusive station Lazy Day Country. 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 as of any subsequent day. 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. The 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 2023 results posted to the Investor Relations portion of our website. As a reminder, the press release supplemental earnings presentation and conference call transcript will be available on our Investor Relations website investors.sonos.com.

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.