Sonos Management
Management criteria checks 3/4
Sonos' CEO is Patrick Spence, appointed in Jul 2016, has a tenure of 8.42 years. total yearly compensation is $5.19M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.89% of the company’s shares, worth $15.73M. The average tenure of the management team and the board of directors is 2 years and 7.6 years respectively.
Key information
Patrick Spence
Chief executive officer
US$5.2m
Total compensation
| CEO salary percentage | 10.6% |
| CEO tenure | 8.4yrs |
| CEO ownership | 0.9% |
| Management average tenure | 2yrs |
| Board average tenure | 7.6yrs |
Recent management updates
Recent updates
Sonos: This Turnaround Will Take Awhile (Rating Downgrade)
Nov 24Sonos: A Failed App Rollout Is Creating Tough Times
Oct 24Is There An Opportunity With Sonos, Inc.'s (NASDAQ:SONO) 32% Undervaluation?
Sep 29
There Are Reasons To Feel Uneasy About Sonos' (NASDAQ:SONO) Returns On Capital
Sep 02Sonos, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 12Sonos: Technical Missteps Are Overshadowing Strong Sales And Great Value
Aug 09What Is Sonos, Inc.'s (NASDAQ:SONO) Share Price Doing?
Jun 19Sonos, Inc.'s (NASDAQ:SONO) Popularity With Investors Is Clear
May 21Sonos: Wait For The Second Half Story To Unfold
May 09Some Investors May Be Worried About Sonos' (NASDAQ:SONO) Returns On Capital
Apr 24Calculating The Fair Value Of Sonos, Inc. (NASDAQ:SONO)
Mar 19Sonos: The Latest Earnings Suggest The Worst Part Is Over
Feb 20Sonos, Inc.'s (NASDAQ:SONO) P/S Is Still On The Mark Following 27% Share Price Bounce
Feb 16Sonos: Product Launches To Drive 2024 Recovery
Feb 13Sonos, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Feb 09Is It Time To Consider Buying Sonos, Inc. (NASDAQ:SONO)?
Jan 24Sonos (NASDAQ:SONO) Is Experiencing Growth In Returns On Capital
Jan 03Estimating The Fair Value Of Sonos, Inc. (NASDAQ:SONO)
Dec 08Should You Investigate Sonos, Inc. (NASDAQ:SONO) At US$16.24?
Jul 05Is Sonos, Inc. (NASDAQ:SONO) Trading At A 39% Discount?
Jun 06Is It Too Late To Consider Buying Sonos, Inc. (NASDAQ:SONO)?
Apr 03Investors Will Want Sonos' (NASDAQ:SONO) Growth In ROCE To Persist
Jan 04At US$17.14, Is It Time To Put Sonos, Inc. (NASDAQ:SONO) On Your Watch List?
Dec 20Is Sonos, Inc. (NASDAQ:SONO) Trading At A 50% Discount?
Dec 05Sonos (NASDAQ:SONO) Might Have The Makings Of A Multi-Bagger
Sep 26Why Sonos, Inc. (NASDAQ:SONO) Could Be Worth Watching
Sep 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 28 2024 | n/a | n/a | -US$38m |
| Jun 29 2024 | n/a | n/a | -US$16m |
| Mar 30 2024 | n/a | n/a | -US$44m |
| Dec 30 2023 | n/a | n/a | -US$5m |
| Sep 30 2023 | US$5m | US$550k | -US$10m |
| Jul 01 2023 | n/a | n/a | -US$43m |
| Apr 01 2023 | n/a | n/a | -US$20m |
| Dec 31 2022 | n/a | n/a | US$19m |
| Oct 01 2022 | US$8m | US$550k | US$67m |
| Jul 02 2022 | n/a | n/a | US$123m |
| Apr 02 2022 | n/a | n/a | US$141m |
| Jan 01 2022 | n/a | n/a | US$150m |
| Oct 02 2021 | US$5m | US$523k | US$159m |
| Jul 03 2021 | n/a | n/a | US$186m |
| Apr 03 2021 | n/a | n/a | US$111m |
| Jan 02 2021 | n/a | n/a | US$41m |
| Oct 03 2020 | US$3m | US$528k | -US$20m |
| Jun 27 2020 | n/a | n/a | -US$68m |
| Mar 28 2020 | n/a | n/a | -US$25m |
| Dec 28 2019 | n/a | n/a | US$4m |
| Sep 28 2019 | US$12m | US$550k | -US$5m |
| Jun 29 2019 | n/a | n/a | US$23m |
| Mar 30 2019 | n/a | n/a | US$10m |
| Dec 29 2018 | n/a | n/a | US$10m |
| Sep 29 2018 | US$2m | US$350k | -US$16m |
Compensation vs Market: Patrick's total compensation ($USD5.19M) is about average for companies of similar size in the US market ($USD5.51M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Spence (49 yo)
8.4yrs
Tenure
US$5,190,714
Compensation
Mr. Patrick Spence serves as an Independent Director at Snap Inc. since September 14, 2023. He has been Chief Executive Officer and Director at Sonos, Inc. since January 2017 and has been its President sin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.4yrs | US$5.19m | 0.89% $ 15.7m | |
| Chief Strategy Officer | 5.9yrs | US$707.10k | 0.28% $ 4.9m | |
| Chief People Officer | 2.3yrs | US$1.20m | 0.027% $ 480.8k | |
| Chief Innovation Officer | 14.8yrs | US$1.62m | 0.34% $ 6.0m | |
| Chief Commercial Officer | 1.2yrs | US$273.02k | 0.073% $ 1.3m | |
| Chief Product Officer | 1.7yrs | US$2.34m | 0.0096% $ 170.9k | |
| Co-Founder and VP of Sales & Marketing | no data | no data | no data | |
| Chief Financial Officer | less than a year | no data | no data | |
| SVP of Finance and Technology | 10.6yrs | no data | 0.15% $ 2.7m | |
| Head of Investor Relations & Treasury | no data | no data | no data | |
| Chief Marketing Officer | less than a year | no data | no data | |
| Chief Revenue Officer | 1.2yrs | no data | no data |
2.0yrs
Average Tenure
49.5yo
Average Age
Experienced Management: SONO's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 7.9yrs | US$5.19m | 0.89% $ 15.7m | |
| Independent Chairperson | 11.3yrs | US$314.05k | 0.033% $ 579.9k | |
| Independent Director | 14.8yrs | no data | 0.044% $ 782.9k | |
| Independent Director | 7.8yrs | US$273.02k | 0.016% $ 288.8k | |
| Director | less than a year | no data | 0.00079% $ 14.0k | |
| Independent Director | 4.8yrs | US$263.02k | 0.0077% $ 136.7k | |
| Independent Director | 7.5yrs | US$283.02k | 0.016% $ 288.8k | |
| Independent Director | less than a year | no data | 0.0012% $ 21.3k |
7.6yrs
Average Tenure
57yo
Average Age
Experienced Board: SONO's board of directors are considered experienced (7.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 00:45 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2024/09/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sonos, Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Jason Haas | BofA Global Research |
| Alex Fuhrman | Craig-Hallum Capital Group LLC |