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  "authorName": "Sonos",
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  "presentationDate": "2021-02-01 00:00:00",
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      "text": "Record Q1 results and increasing FY21 outlook across all metrics\nRecord Q1 adjusted EBITDA margin of 25.8%, +920 bps from LY\nRecord Q1 revenue of $645.6M, +15% from LY driven by continued DTC strength and strong product demand\nRecord Q1 gross margin of 46.4%, +590 bps from LY driven by lower tariff duties, favorable product and channel mix and cost reductions\nSignificant opex leverage driven by continued restructuring efficiencies and higher Q1 sales volume\nFree cash flow increased nearly 100% from LY to $203.2M\nFree cash flow / adj EBITDA conversion 122%",
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