Sonos, Inc. this week reported a strong first quarter for their 2020 fiscal year. In fact, the company says it had a record quarter with strong revenue and profit gains.
Sonos Reports Record Fiscal First Quarter 2020 Results
Sonos
Sonos Announces Record Fiscal 2019 Results; Acquires Snips
Sonos announced this week that it has acquired French AI voice control software maker Snips in a deal valued at $37.5 million. The company also released their Fiscal 2019 results in a letter to investors denoting a record year for the company – its first as a publicly traded one.
See more on Sonos’ new announcements…
[Read more…] about Sonos Announces Record Fiscal 2019 Results; Acquires SnipsGiving No Ground, Lenbrook Launches Robust Retaliation to Sonos Lawsuit
After receiving a stipulation allowing them more time to respond, Lenbrook Industries Ltd, and Lenbrook America, last week filed their response to the Sonos patent litigation they were hit with in June. It was a robust and smart response that clearly communicated that Lenbrook planned to give no ground in this dispute.
While perhaps not quite as audacious as the D&M response when they were first dealt the blow of litigation…Lenbrook offered a smart and savvy response that not only pushed back but seemingly undercuts many of Sonos’ core allegations..and patents.
Sonos v Lenbrook is heating up…who has the advantage?…
[Read more…] about Giving No Ground, Lenbrook Launches Robust Retaliation to Sonos LawsuitCEDIA 2019: Onkyo USA Says It Will Become a Retailer of Sonos, a Distributor Too
Onkyo USA announced this week that it will become a retailer of Sonos wireless music systems – selling the company’s wireless music systems on Onkyo USA’s website. The company also says it will distribute the brand nationally as well.
See more on Onkyo’s partnership with Sonos…
[Read more…] about CEDIA 2019: Onkyo USA Says It Will Become a Retailer of Sonos, a Distributor TooCEDIA 2019 – SnapAV to Distribute Sonos Wireless Music Systems Nationally
SnapAV announced today that it will begin distributing Sonos wireless music systems beginning next month in October. The company says it will offer the entire line – including the Sonos Port, Sonos Move, and Sonos One SL – as part of its extensive assortment of gear targeted to the professional custom integrator.
See more on this announcement from SnapAV & Sonos…
[Read more…] about CEDIA 2019 – SnapAV to Distribute Sonos Wireless Music Systems NationallySonos/IKEA Partnership Delivers SYMFONISK Lamp Speaker & Shelf Speaker
Formally announced back in April, Sonos has collaborated with IKEA on a line of products for which it has great expectations. The first products of this collaboration – a table lamp with speaker built-in, and a thin bookshelf speaker that sits on a shelf and LOOKS LIKE a book…are finally now available. Will IKEA fans turn out in droves to buy these new models?
See the Sonos lamp & shelf speaker at IKEA…
[Read more…] about Sonos/IKEA Partnership Delivers SYMFONISK Lamp Speaker & Shelf SpeakerMusic System Sales Sagging, Sonos Un-Leashes Lawyers to Raise Revenues
BREAKING NEWS
Strata-gee reported just yesterday that Sonos, Inc. has sued Lenbrook Industries Ltd. & Lenbrook America – the maker & marketer of Bluesound – for patent infringement. Undoubtedly emboldened by their near-complete victory over Denon’s HEOS brand a little over a year ago, Sonos appears to have targeted Lenbrook to be next in line.
However, Strata-gee has learned that Lenbrook is not the only company targeted for such potential actions by Sonos. There are more – perhaps many more – in our industry lined up for this “hit” parade.
See what Strata-gee learned about Sono’s legal strategy…
[Read more…] about Music System Sales Sagging, Sonos Un-Leashes Lawyers to Raise RevenuesDenon Defeated, Sonos Sics Lawyers on Lenbrook
On Thursday last week, Sonos, Inc. (NASDAQ: SONO) filed another patent infringement lawsuit, this time against Lenbrook Industries Limited and Lenbrook America Corp. At issue here is Lenbrook’s Bluesound brand launched back in 2013 to great fanfare as Strata-gee reported on at the time…and also discussed here…and which Sonos claims infringes on multiple Sonos patents.
See more on the Sonos suit vs Lenbrook…
[Read more…] about Denon Defeated, Sonos Sics Lawyers on LenbrookSonos Intros New CFO and Stock Drops Again
Last week Sonos (Nasdaq: SONO) announced a new CFO to replace current CFO Mike Giannetto, whose retirement was unexpectedly announced almost as an afterthought in a February report of Q1 fiscal results. Late in the text associated with those results, CEO Patrick Spence, in an almost casual fashion, thanked Ginnetto for his service and told investors the CFO was retiring…a total surprise to the market. Sonos stock dropped double digits…and dropped even though the company had reported a record first quarter. (Read my report to see troubling signs within the ‘record’ Sonos quarterly report…)
New CFO intro & Sonos stock drops again…
[Read more…] about Sonos Intros New CFO and Stock Drops AgainSonos One to be Replaced with Upgraded ‘Gen 2’ Version
Thanks to some heads-up reporting by The Verge, we learn that Sonos will announce an upgraded version of their Sonos One speaker system. According to the report, the upgrades are all internal and the new version will, somewhat confusingly, look exactly like the original one.
