Financial Guidance And ValuationSonos' lack of reaffirming December quarter guidance adds to investor uncertainty ahead of earnings.
Leadership And Management UncertaintySonos is left with an interim CEO and first-time public markets CFO - which creates an elevated level of investor uncertainty.
Market Demand And Product LaunchesSonos faces headwinds from weak market demand, an underperforming new product launch (Ace), and limited near-term TAM expansion.
Product And App IssuesSonos has faced consistent negative consumer feedback from existing Sonos product users that have complained about a multitude of functionality issues with the new app.