Sonos will trade on the Nasdaq under the ticker symbol SONO.
The company says it has registered over 19 million devices since it was founded in 2002. In fiscal 2017, the company posted a net loss of $14.2 million on revenue of $992.5 million, down from a net loss of $38.2 million on $901.3 million of revenue in the previous financial year, according to the filing.
In a piece published in Variety in early 2017, Sonos CEO stated that any new fundraiser public offering "may.be used to reward its nearly 1,500 employees". It could happen in multiple ways: Amazon could cut off access to Alexa, removing Sonos products from its site-or even more dramatically-cut access to AWS or raise AWS prices to a prohibitively expensive level.
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In the filing the company said it 'is dependent on a number of technology partners for the development of our products, some of which have developed or may develop and sell voice-enabled speaker products of their own.
Sonos' products are distributed in over 50 countries and 55 per cent of the total revenue in fiscal 2017 was from outside the United States. Furthermore, customers listen to approximately 80 percent more music after purchasing their first Sonos device.
Santa Barbara, Calif. -based Sonos had 1,478 full-time employees as of March 31, including 549 in R&D, 636 in sales and marketing and 293 in general and administrative roles. That could impose a huge financial burden on Sonos if Inventec's operations are disrupted. KKR is its biggest single shareholder, holding 25.7% of pre-IPO outstanding shares in the company, while Index Ventures owns 13% and Redpoint has 5.2%, according to the Sonos filing.