Sonder Holdings Inc (NAS:SOND)

$ 3.46 -0.19 (-5.21%) Market Cap: 38.18 Mil Enterprise Value: 1.45 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 23/100

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$10 (-2.91%)

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Q2 2023 Sonder Holdings Inc Earnings Call Transcript

Aug 09, 2023 / 09:00PM GMT

Release Date Price: $10 (-2.91%)

Transcript 10-Q8-K

Operator

Good day, and thank you for standing by. Welcome to the Sonder Holdings Second Quarter 2023 Earnings Call.

(Operator Instructions)

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Chris Berry, Senior Vice President and Chief Accounting Officer. Please go ahead.

Christopher Berry

Thank you, operator. Good afternoon, everyone. Thanks for joining us today to discuss Sonder's Second Quarter 2023 financial results. We have Francis Davidson, Co-Founder and CEO; and Dom Bourgault, Chief Financial Officer, on the call with me this afternoon. Today, Sonder reported $157 million in revenue for the second quarter and a negative 27% operating margin, a 29-point improvement over the second quarter of 2022. Our free cash flow was a negative $27 million, or a 40% improvement over Q2 of 2022 and another step closer to our goal of sustainable positive free cash flow. Full details of our second quarter results are available in our shareholder letter, which can be found on the Investor

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