Analyst Ratings

Date	Action	Analyst	Rating	Target
Feb-04-26	Reiterated	Morgan Stanley	Equal Weight	$17 → $18
Jan-05-26	Reiterated	Jefferies	Buy	$35 → $21
Nov-06-25	Upgrade	Morgan Stanley	Underweight → Equal Weight	$11 → $17
Oct-16-24	Reiterated	Rosenblatt Securities		$24 → $18
Sep-26-24	Downgrade	Morgan Stanley	Overweight → Underweight	$28 → $11
Mar-25-24	Reiterated	Rosenblatt Securities		$24
Dec-12-23	Upgrade	Morgan Stanley	Equal Weight → Overweight
Nov-07-23	Downgrade	B of A Securities	Buy → Neutral
Jun-15-22	Downgrade	Morgan Stanley	Overweight → Equal Weight	$28
Jun-06-22	Reiterated	Jefferies	Buy	$50 → $35

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 9/27/2025	FY 2024 9/28/2024	FY 2023 9/30/2023
Total Revenue	1,461	1,443	1,518	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	806	813	829
Gross Profit	654	631	689
Selling, General and Administrative Excl. Other	364	378	427
Research and Development	243	280	305
Other Operating Expense	9	23	5
Operating Income	38	-50	-48
Interest Expense	0	0	0
Unusual Expense	—	—	—
Non-Operating Income (Expense)	2	0	-21
Net Income Before Taxes	36	-50	-27
Income Taxes	13	11	11
Consolidated Net Income	24	-61	-38
Net Income From Continuing Operations	24	-61	-38
Net Income	24	-61	-38
EPS (Recurring)	0.20	-0.51	-0.31
EPS (Basic, Before Extraordinaries)	0.20	-0.51	-0.31
EPS (Diluted)	0.17	-0.51	-0.31
EBITDA	94	12	26
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	86.35	—	—
Price To Sales Ratio	1.21	1.28	—
Gross Margin	44.76	43.73	45.39
Operating Margin	2.60	-3.47	-3.16
Net Margin	1.64	-4.23	-2.50
Shares Outstanding	120	121	123
Market Capitalization	1,762	1,851	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Casey Saori	Chief Financial Officer	May 15 '26	Option Exercise	0.00	93,130	0	271,049	May 18 12:00 AM
Lazarus Edward P	Chief Legal Officer	May 15 '26	Option Exercise	0.00	85,964	0	493,939	May 18 12:00 AM
Arabia Carmine	Director	May 06 '26	Buy	14.49	50	725	14,364	May 08 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Mar 17 '26	Buy	13.57	125,000	1,696,250	18,070,762	Mar 17 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Mar 16 '26	Buy	13.25	13,920	184,440	17,945,762	Mar 17 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Mar 13 '26	Buy	13.20	90,000	1,188,000	17,931,842	Mar 17 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Mar 11 '26	Buy	14.22	180,000	2,559,600	17,841,842	Mar 11 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Mar 10 '26	Buy	14.19	320,000	4,540,800	17,661,842	Mar 11 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Mar 09 '26	Buy	13.95	420,000	5,859,000	17,341,842	Mar 11 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Feb 25 '26	Buy	15.25	118,020	1,799,805	16,921,842	Feb 25 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Feb 24 '26	Buy	14.83	133,259	1,976,231	16,803,822	Feb 25 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Feb 23 '26	Buy	14.90	360,000	5,364,000	16,670,563	Feb 25 12:00 AM
Coliseum Capital Management, LLC	10% Owner	Feb 17 '26	Buy	15.59	290,000	4,521,100	16,310,563	Feb 17 12:00 AM
Lazarus Edward P	Chief Legal & Bus Dev Officer	Feb 13 '26	Option Exercise	0.00	85,960	0	466,199	Feb 17 12:00 AM
Casey Saori	Chief Financial Officer	Feb 13 '26	Option Exercise	0.00	93,130	0	317,614	Feb 17 12:00 AM


Market Cap	1.70B	Forward P/E	28.23	EPS next Y	0.52	Insider Trans	2.94%	Shs Float	-	Perf Month	-0.47%


Enterprise Value	1.56B	PEG	0.14	EPS next Q	0.04	Inst Own	-	Short Float	-	Perf Quarter	9.31%


Income	23.33M	P/S	1.17	EPS this Y	129.41%	Inst Trans	-	Short Ratio	-	Perf Half Y	-19.52%


Sales	1.46B	P/B	4.48	EPS next Y	33.33%	ROA	2.82%	Short Interest	-	Perf YTD	-16.40%


Book/sh	3.22	P/C	12.45	EPS next 5Y	27.10%	ROE	5.99%	52W High	19.82 -25.93%	Perf Year	45.78%


Cash/sh	2.09	P/FCF	14.49	EPS past 3/5Y	-	ROIC	4.99%	52W Low	9.65 52.12%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	16.56	Sales past 3/5Y	-6.26% 1.71%	Gross Margin	44.77%	Volatility	3.46% 2.95%	Perf 5Y	-


Dividend TTM	-	EV/Sales	1.07	EPS Y/Y TTM	325.81%	Oper. Margin	2.61%	ATR (14)	0.73	Perf 10Y	-


Dividend Ex-Date	-	Quick Ratio	1.11	Sales Y/Y TTM	-3.75%	Profit Margin	1.62%	RSI (14)	45.91	Recom	2.67


Dividend Gr. 3/5Y	-	Current Ratio	1.58	EPS Q/Q	-33.33%	SMA20	-4.75%	Beta	1.64	Target Price	19.50


Payout	0.00%	Debt/Eq	0.15	Sales Q/Q	8.46%	SMA50	-1.17%	Rel Volume	2.74	Prev Close	14.29


Employees	1,708	LT Debt/Eq	0.15	Earnings	Aug 05	SMA200	-6.83%	Avg Volume	1.59M	Price	14.68


IPO Date	Aug 02, 2018	Option/Short	Yes / Yes	EPS/Sales Surpr.	-33.33% 5.22%	Net Debt/EBITDA	-1.50	Volume	4,365,220	Change	2.73%

SONO