Sonos has delayed the release of its next product — likely the Sub Mini

3D product render by Grayson Blackmon / The Verge

The product launch that was supposed to take place in the near future has been pushed back. The Sub Mini is a more affordable sub that would join the company's home theater lineup.

There was a Sub Mini at the FCC. The product would have arrived relatively soon if it had followed the typical window of time between the filing and the consumer release. It has been delayed until the first quarter of the next fiscal year. The kind of product and timing are always considered by the CEO. Each year we will launch two new products.

In an email, Pategas said "I can confirm we decided to push an anticipated product launch from Q4-22 into Q1-23." It will arrive between October and December.

The company didn't meet its revenue expectations in the third quarter. The dollar's appreciation and high inflation have adversely affected consumer sentiment globally, particularly in the categories in which we play.

During a call on Wednesday afternoon, outgoing CFO Brittany Bagley said that the company is currently holding onto more inventory than it would like. The company said that it missed revenue because of soft demand for the $179 soundbar. The company believes that the Ray will be very successful as an entry level soundbar due to positive reviews and its appealing price.