Lecturer company Sonos has filed to go public.
The company reported a net loss of $14.2 million on gate of $992.5 million for its most recent fiscal year. That’s an rise from fiscal 2016, when the company posted a net loss of $38.2 million on returns of $901.3 million.
For the six months ended March 31, Sonos crack revenue of $655.7 million, an 18 percent jump from the at any rate period in 2017. Net income for the period totaled $13.1 million, a curtail of 14 percent from the year-ago period.
Sonos markets its high-end orators to audiophiles and music nuts as the speaker industry increasingly moves toward discerning assistants like Amazon’s and Google’s offerings. Sonos introduced its from the start voice-enabled speaker, the Sonos One, late last year. It counts ancestral speaker makers Bose and Samsung among its competitors, as well.
The ensemble estimates its consumers listen to an average of 70 hours of content per month, go together to the filing. As of March 31, Sonos counted more than 19 million manifest products in nearly 7 million households globally. In fiscal 2017, diverse than half of the company’s revenue was generated outside the U.S.
Private impartiality firm KKR owns about 26 percent of the company, according to the arranging. Index Ventures and Sonos co-founder and former CEO John MacFarlane each own 13 percent.
The fellowship plans to list shares on the Nasdaq under the ticker symbol “SONO.” It didn’t set out how many shares would be up for sale or list an estimated offering figure, but set a placeholder amount of $100 million.
Morgan Stanley, Goldman Sachs and Allen & Co, are the possibility underwriters of the offering.