SONM

SAN DIEGO (AP) — SAN DIEGO (AP) — Sonim Technologies, Inc. (SONM) on Friday reported a loss of $4.8 million in its third quarter. On a per-share basis, the San Diego-based company said it had a loss of $4.83. Losses, adjusted for non-recurring costs, came to $3.86 per share. The company posted revenue of $16.2 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SONM at https://www.zacks.com/ap/SONM

Revenue increased 45% sequentially in Q3 2025, driven by demand for new product portfolio and the successful launch of the MegaConnect HPUE mobile hotspot Net loss narrowed to $4.8 million as operating expense declined and sales improved Stockholders approved strategic initiatives including reverse stock split, share increase and reelection of Sonim Board nominees Balance sheet strengthened through capital raise and new financing initiatives San Diego, California--(Newsfile Corp. - October 31, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions for first responders, government, and enterprise, today announced its financial results for the third quarter ended September 30, 2025. "The third quarter of 2025 marked a pivotal transition for Sonim as we began to see the results of our strategic focus with the new portfolio," said Peter Liu, Chief Executive Officer of Sonim Technologies. "The successful launch of the MegaConnect HPUE mobile hotspot with AT&T and FirstNet, alongside growing demand for our products, highlights the early success of our refreshed portfolio. At the same time, we are making significant progress toward completing the sale of our assets to NEXA Mobility (formerly Social Mobile), a critical step in positioning the company for future opportunities. We remain committed to building on this momentum and delivering value to stockholders in the fourth quarter." Third Quarter 2025 Financial Highlights: Net revenue for Q3 2025 was $16.2 million, up 45% sequentially from Q2 2025. GAAP net loss for Q3 2025 was $4.8 million, improving from a GAAP net loss of $7.5 million in Q2 2025. Revenue growth and a decrease in operating expenses contributed to a sequential decrease in net loss in Q3 2025 compared to Q2 2025; however, one-time expenses tied to a potential hostile takeover and our continued strategic initiatives contributed to higher operating costs in both quarters. Adjusted EBITDA* for Q3 2025 was negative $2.0 million, reflecting an improvement from negative $3.2 million in Q2 2025. As of September 30, 2025, Sonim had $2.1 million in cash and cash equivalents, trade accounts receivable of $3.5 million, and inventory valued at $11.0 million. During the three months ended September 30, 2025, Sonim received net proceeds from equity offerings of approximately $4.8 million. The transaction proceeds were used...

Sonim Poised for Growth in the Second Half of 2025 with Tier-One Carrier Launches Q2 Results Reflect Investments, Product Launches, and Progress on Social Mobile's Acquisition of Sonim San Diego, California--(Newsfile Corp. - August 8, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions for first responders, government, and enterprise, today announced its financial results for the second quarter ended June 30, 2025. "The second quarter of 2025 marked a pivotal period for Sonim as we laid the groundwork for a strong finish to the year," said Peter Liu, CEO of Sonim Technologies. "Tier-one carrier launches of our XP Pro series and 5G flip feature phone are now underway in the third quarter. We also debuted Sonim MegaConnect, the world's first HPUE mobile hotspot—in collaboration with FirstNet and AT&T—and we are energized by the overwhelming customer enthusiasm and robust orders. Additionally, the recently announced agreement for Social Mobile to acquire Sonim underscores the value of our innovation and market strategy. We are confident that these milestones position us for sustained growth and success as we move forward." Second Quarter 2025 Financial Highlights: Net revenue of $11.2 million, down 33% from the first quarter of 2025. The first quarter reflected a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements. GAAP net loss for the quarter was $7.5 million, compared to net income of $0.5 million in the first quarter of 2025. The second quarter of 2025 includes a loss on the impairment of contract fulfillment assets related to the end of life of our legacy products, as well as increased costs related to our contested proxy solicitation. The first quarter of 2025 includes a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements. Adjusted EBITDA* was negative $3.2 million, unchanged from the first quarter of 2025. Ended the quarter with cash and cash equivalents totaling $2.0 million, trade accounts receivable of $2.9 million, and inventory valued at $9.9 million. Raised $5.4 million in capital through sales of our common stock, net of issuance costs. Transaction proceeds were used for further expansion of product offerings and to finance new product launches. Second Quarter 2025 Business Highlights Launched XP Pro smartph...

Introduced XP Pro Thermal 5G smartphone at Mobile World Congress international tech and telecom tradeshow in Barcelona; Received initial purchase orders ahead of second quarter launch Positioned for growth in 2025 with new product launches and continued expansion in Europe Set to launch five products as stocked products in the second quarter through Tier 1 carriers and global partners San Diego, California--(Newsfile Corp. - May 12, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, that include ultra-rugged and rugged phones, connected devices, and accessories for users that demand more durability in their lives, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Highlights: Net revenue increased by 12% sequentially, to $16.7 million. GAAP net income for the quarter was $0.5 million, compared to a net loss of $21.6 million in the fourth quarter of 2024. Adjusted EBITDA* was negative $3.2 million, compared to negative $16.6 million for the fourth quarter of 2024. Ended the quarter with cash and cash equivalents totaling $2.1 million, trade accounts receivable of $4.8 million, and inventory of $8.6 million. Raised $6.5 million in capital through ATM sales and debt issuance, which provides cash to expand product offerings and to finance the European expansion. Earned Verizon Frontline Verified status for the XP Pro 5G smartphone and the Sonim H500 5G mobile hotspot, targeting first responders. XP3plus 5G rugged flip phone launched at T-Mobile and certified for T-Priority, targeting first responders. Secured major next generation device upgrade agreements and/or expanded their current deployment base with leading Fortune 500 and enterprise customers, including OSF HealthCare, a leading provider in patient healthcare. Launched Sonim Spot™ H100 4G LTE mobile hotspot with Telia in Finland. Introduced the XP Pro Thermal 5G smartphone with an integrated thermal imaging camera at Mobile World Congress international tech and telecom tradeshow in Barcelona and have subsequently received initial purchase orders ahead of second quarter launch. Set to launch two products as stocked offerings in the second quarter with Tier 1 carriers in North America. Set to launch three additional products in the second quarter with leading distribution partners and Tier 1 operators....

SAN DIEGO (AP) — SAN DIEGO (AP) — Sonim Technologies, Inc. (SONM) on Monday reported profit of $458,000 in its first quarter. The San Diego-based company said it had profit of 8 cents per share. The company posted revenue of $16.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SONM at https://www.zacks.com/ap/SONM

San Diego, California--(Newsfile Corp. - April 23, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading U.S. provider of rugged mobile solutions, today announced significant progress in the execution of its expansion strategy, underscoring the company's commitment to long term growth and operational excellence. The foundation laid through strategic investments in 2024 has positioned Sonim for success through the development and delivery of new products and product categories, new customer acquisitions, the retention of an existing customer base due to upgrades to the next generation portfolio, and market expansion across North America, Europe, South Africa, and Australia. Copyright Sonim Technologies To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8971/249470_sonim_momentum25_pr_1200x800_v2a-05_1.jpg "Sonim entered the second quarter with strong momentum thanks to the disciplined execution of our strategy," said Peter Liu, CEO of Sonim. "Our investments are already laying the foundation for robust growth, with market acceptance affirming our progress. From product innovation and geographic diversification to operational advancements, we remain focused on delivering value to our customers and shareholders." New products set to launch in North America, EMEA, and Australia Sonim is set to launch three products as stocked offerings in the second quarter with Tier 1 carriers in North America. These include the company's flagship Sonim XP Pro next generation rugged 5G smartphone. Three additional products are slated to launch in the second quarter with leading distribution partners and Tier 1 operators, including Deutsche Telekom in Germany, which currently stocks three Sonim SKUs. These new placements further strengthen Sonim's growing footprint in these key markets. Purchase orders for second quarter launches Validating market demand, purchase orders have already been placed for Sonim's upcoming product launches late in the second quarter. Enterprise customer growth Sonim continues to attract and retain enterprise customers with next generation Sonim products. Notably, Sonim secured major next generation device upgrade agreements and/or expanded their current deployment base with leading Fortune 500 and enterprise customers. These include two of the top 10 healthcare systems in the United States, one of the...

Strengthened Cash Position Through Strategic Stock Sales and Debt Financing Focused Growth Strategy Enhances Global Footprint and Distribution Channels Optimistic 2025 Outlook as Scalable Product Portfolio Positions Sonim for Global Success San Diego, California--(Newsfile Corp. - March 31, 2025) - Sonim Technologies, Inc. (Nasdaq: SONM), a leading provider of rugged mobile solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2024. The company highlighted solid progress in revenue growth fueled by strong adoption of recently launched products and strategic market expansion. "We closed 2024 with significant strides in product innovation and market penetration, particularly within North America and Europe," said Peter Liu, Chief Executive Officer of Sonim Technologies. "The investments we made in 2024 to expand our product portfolio and enhance our European market capabilities are paying off. With new rugged devices serving verticals such as public safety, construction, and agriculture, along with continued operational improvements, we are well-positioned for revenue growth and an improved bottom line in 2025." Fourth Quarter and Full Year 2024 Financial Highlights: Revenue: Fourth-quarter revenue increased 12% year-over-year to $15.0 million, driven by the growing momentum of newly launched products. Full-year 2024 revenue decreased 38% year-over-year to $58.3 million. This decrease reflects the Company's strategic transition from the white label business to innovative solutions including the XP Pro 5G and XP Pro Thermal rugged smartphones, professional rugged feature phones, three mobile hotspots, and fixed wireless access solutions. Gross Margin: Fourth-quarter and full year gross margin was negative 1% and 17%, respectively. An impairment charge of $3.0 million related to contract fulfillment assets negatively impacted gross margin by 20 percentage points in the fourth quarter and 5 percentage points for the full year. R&D Expenses: R&D expenses increased in 2024, driven primarily by higher investments in the development and launch preparation of new connected solutions, professional rugged and ultra rugged phones, as well as costs related to upgrading product operating systems. Cash Position: Sonim ended the year with $5.3 million in cash, $4.3 million in trade accounts receivable, and $10.6 million in i...