Sonos 'Gets Outside the Home' With New Roam Speaker: CEO

The transcript discusses Sonos' strategic expansion beyond home audio systems, highlighting the launch of the Rome product. It outlines the company's revenue growth strategy, aiming to double revenue by 2024, and emphasizes the potential of Sonos Radio HD. The discussion also touches on future product opportunities in various audio categories, including potential headphones. The impact of the pandemic on hardware development and supply chain challenges is addressed, showcasing the company's resilience and adaptability.

What is the new product Sonos introduced to expand outside the home?

• Sonos Arc

• Sonos Beam

• Sonos Roam

• Sonos Move

What is Sonos' revenue target for 2024?

• $1.5 billion

• $1 billion

• $2.25 billion

• $3 billion

What percentage of affluent homes does Sonos currently reach?

• 15%

• 9%

• 20%

• 5%

What is the average number of Sonos products per home?

• 1.5

• 2.0

• 2.9

• 3.5

What is Sonos' aspiration for Sonos Radio HD subscribers?

• 100,000

• 250,000

• 500,000

• 1,000,000

Which new product category is Sonos interested in exploring?

• Laptops

• Headphones

• Tablets

• Smartphones

What major challenge did Sonos face during the pandemic?

• Increased competition

• Global chip shortage

• Decline in demand

• Lack of innovation