Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Sonos, the leading speaker manufacturing company, recently reported its Q1 2024 results.</li><li>Extenuating despite various cyclical challenges, Sonos exceeded its expectations by delivering a revenue of $612.9 million, a GAAP gross margin of 46.1%, and adjusted EBITDA of $115 million.</li><li>Its free cash flow was also improved to $269 million.</li></ul>

Sonos, the leading speaker manufacturing company, recently reported its Q1 2024 results.Extenuating despite various cyclical challenges, Sonos exceeded its expectations by delivering a revenue of $612.9 million, a GAAP gross margin of 46.1%, and adjusted EBITDA of $115 million.Its free cash flow was also improved to $269 million.

Sonos Inc.: Expanding Its Portfolio & Entry into New Categories! - Major Drivers

<ul><li>Sonos, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Despite a challenging year in their current market segments, Sonos has demonstrated resilience due to a robust brand and dedicated customer base.</li><li>Considering the prevailing weak consumer demand, the management anticipates a flat revenue of $1.6 billion to $1.7 billion in fiscal 2024.</li></ul>

Sonos, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street.Despite a challenging year in their current market segments, Sonos has demonstrated resilience due to a robust brand and dedicated customer base.Considering the prevailing weak consumer demand, the management anticipates a flat revenue of $1.6 billion to $1.7 billion in fiscal 2024.

Sonos Inc.: Anticipating Consumer Return - What Trends Are Driving This? - Major Drivers

<ul><li>Sonos, Inc. delivered an all-around beat in the previous quarter.</li><li>The company reported $373.4 million in sales, up 23% sequentially and approximately flat year over year in both reported and constant currency terms.</li><li>This growth was fueled by a full quarter of projected price increases, decreased component costs, and a favorable mix.</li></ul>

Sonos, Inc. delivered an all-around beat in the previous quarter.The company reported $373.4 million in sales, up 23% sequentially and approximately flat year over year in both reported and constant currency terms.This growth was fueled by a full quarter of projected price increases, decreased component costs, and a favorable mix.

Sonos Inc.: Does It Have A Sustainable Competitive Advantage? - Major Drivers

<ul><li>Sonos delivered a positive result and managed an all-around beat in the last quarter.</li><li>The reported revenues were slightly ahead of expectations, although there was a decrease compared to the previous year.</li><li>Sonos observed softening demand in the home theater category due to macroeconomic factors and increased competition but managed to gain market share.</li></ul>

Sonos delivered a positive result and managed an all-around beat in the last quarter.The reported revenues were slightly ahead of expectations, although there was a decrease compared to the previous year.Sonos observed softening demand in the home theater category due to macroeconomic factors and increased competition but managed to gain market share.

Sonos Inc.: A Brave Attempt To Steer Clear of Macroeconomic Headwinds! – Key Drivers

Equity Capital Markets

<ul><li>Sonos delivered a decent performance in the last quarter with revenue growth beyond market expectations and narrower-than-expected losses despite the challenging macroeconomic backdrop.</li><li>In the last quarter, installer solutions revenue grew, driven by robust demand for the company’s Port and Amp products in spite of persistent supply challenges.</li><li>Sonos continues to see strong performance in its installer solutions channel in spite of slowing house activity in the United States.</li></ul>

Sonos delivered a decent performance in the last quarter with revenue growth beyond market expectations and narrower-than-expected losses despite the challenging macroeconomic backdrop.In the last quarter, installer solutions revenue grew, driven by robust demand for the company’s Port and Amp products in spite of persistent supply challenges.Sonos continues to see strong performance in its installer solutions channel in spite of slowing house activity in the United States.

United States

Sonos, Inc. designs, develops, and produces audio products. The Company offers charging cradles, music players, alternating current adapters, controllers, wireless speakers, and loudspeakers. Sonos serves customers worldwide.

Sonos Inc (SONO US)

Sonos Inc.: Expanding Its Portfolio & Entry into New Categories! - Major Drivers

Sonos, the leading speaker manufacturing company, recently reported its Q1 2024 results. Extenuating despite various cyclical challenges, Sonos...

Baptista Research

Sonos Inc.: Anticipating Consumer Return - What Trends Are Driving This? - Major Drivers

Sonos, Inc. surpassed the revenue expectations as well as the earnings expectations of Wall Street. Despite a challenging year in their current...

Baptista Research

Sonos Inc.: Does It Have A Sustainable Competitive Advantage? - Major Drivers

Sonos, Inc. delivered an all-around beat in the previous quarter. The company reported $373.4 million in sales, up 23% sequentially and...

Baptista Research

Sonos Inc.: A Brave Attempt To Steer Clear of Macroeconomic Headwinds! – Key Drivers

Sonos delivered a positive result and managed an all-around beat in the last quarter. The reported revenues were slightly ahead of expectations,...

Baptista Research

Sonos Inc: New Launches & Other Drivers

Sonos delivered a decent performance in the last quarter with revenue growth beyond market expectations and narrower-than-expected losses despite...

Baptista Research