Sonim Technologies Inc

Sonim Technologies, Inc. engages in the design and manufacture of mission-critical smart phone-based solutions for workers in extreme, hazardous, and isolated environments. Its products include ultra-rugged mobile phones, business process applications, and a suite of industrial-grade accessories. The company was founded by Ram Chandran, Isaac Eteminan, Anush Gopalan, Jai Kumar, Sudu Srinivasan, and Joakim Wiklund on August 5, 1999 and is headquartered in San Diego, CA.

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Sonim Technologies, Inc. engages in the provision of rugged and consumer durable mobile devices including phones and accessories designed to provide extra protection for users that demand more durability. It operates through the following geographical segments: the United States, Canada and Latin America, Europe and Middle East, and Asia Pacific. The company was founded by Ram Chandran, Isaac Eteminan, Anush Gopalan, Jai Kumar, Sudu Srinivasan, and Joakim Wiklund on August 5, 1999 and is headquartered in San Diego, CA.

Sonim (SONM) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.66. This compares to earnings of $0.10 per share a year ago.

Sonim (SONM) Reports Q3 Loss, Tops Revenue Estimates

Expands reach in North America and Australia with launch of new mobile hotspots; launched new rugged phone in Europe San Diego, California--(Newsfile Corp. - November 13, 2024) - Sonim Technologies, Inc. (Nasdaq: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, software, services and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the quarter ended September 30, 2024. Third Quarter 2024 and Recent Highlights Net revenues increased 30.4% sequentially to $15.0 million, from $11.5 million in the second quarter GAAP net loss for the quarter was $2.5 million, compared to $6.6 million, which included a $3.2 million impairment charge, in the second quarter Adjusted EBITDA[*]was negative $1.1 million, improved from negative $2.0 million in the second quarter 2024 Ended the quarter with cash and cash equivalents totaling $9.1 million, trade accounts receivable of $5.2 million, and inventory valued at $12.4 million Expanded new product launch activity with carriers and distributors in North America, Europe, South Africa, and Australia for Sonim's new portfolio of connected solutions and next-generation rugged devices Unveiled new XP400 smartphone and XP100 feature phone devices for the European and South African markets Launched new H700 5G rugged mobile hotspot device in Australia, the industry's first rugged Release 17 5G, Wi-Fi 7 mobile hotspot Launched new H500 5G rugged mobile hotspot with Verizon Wireless in North America, the industry's first rugged 5G millimeter wave mobile hotspot Secured a major device upgrade agreement with a leading Fortune 500 company in the food and beverage industry, strengthening Sonim's reputation as a reliable brand and partner for enterprise field workers Peter Liu, Sonim's Chief Executive Officer, said: "Revenue grew in the third quarter as demand for our existing rugged smartphones increased and major global markets expand their adoption of our new rugged mobile phone and connected solutions devices, a trend we expect to continue in the fourth quarter.

Sonim Reports Third Quarter 2024 Results, Expands into Large New Addressable Markets with Additional Products

Industry's first rugged 5G millimeter wave mobile hotspot now available for Verizon business, government, and Frontline customers San Diego, California--(Newsfile Corp. - November 5, 2024) - Sonim Technologies (NASDAQ: SONM), a leader in rugged mobile solutions, today announced availability of the Sonim H500 5G Mobile Hotspot at Verizon Wireless (Sonim H500 5G for Business | Verizon). As the industry's first rugged 5G millimeter wave hotspot, this device is engineered to redefine reliable connectivity for Verizon customers.

Sonim H500 5G Mobile Hotspot Now Available at Verizon Wireless

Unmatched performance and feature set meets toughness and reliability in extreme conditions San Diego, California and Sydney, Australia--(Newsfile Corp. - October 28, 2024) - Sonim Technologies (NASDAQ: SONM) introduces the Sonim H700, the world's first rugged 5G and Wi-Fi 7 mobile hotspot, available to Australians through Telstra. Featuring the Snapdragon® X75 Modem-RF system, the Sonim H700 offers advanced and reliable connectivity, ideal for professionals, first responders, and consumers needing high-speed internet in demanding conditions.

Introducing the World's First Rugged Rel 17 5G + Wi-Fi 7 Mobile Hotspot: Sonim H700 Debuts at Telstra

Engineered with military-grade ruggedness and simplicity: reliable and long-lasting performance for workers in construction, manufacturing, and field work London, United Kingdom--(Newsfile Corp. - October 24, 2024) - Sonim Technologies (NASDAQ: SONM) today announced the availability of the Sonim XP100 4G feature phone across the EMEA region. Designed for customers who require rugged durability and straightforward functionality, the XP100 excels in the toughest conditions.

Sonim XP100 Rugged Feature Phone Now Available in Europe

San Diego, California--(Newsfile Corp. - October 21, 2024) - Sonim Technologies (NASDAQ: SONM), today announced that it will be presenting at the LD Micro Main Event XVII investor conference to be held October 28-30, 2024 in Los Angeles. As part of the conference, the Company will conduct a group presentation at 4:00 pm Pacific Time on Tuesday, October 29, 2024.

Sonim Technologies to Present at the LD Micro Main Event XVII on October 29 in Los Angeles

Initial launch of Sonim XP10 5G ultra-rugged smartphone with leading mobile operator in South Africa, Vodacom South African market to gain access to Sonim's rugged and ultra-rugged phones and connected devices distributed by Cernotech London, United Kingdom and Johannesburg, South Africa--(Newsfile Corp. - September 18, 2024) - Sonim Technologies (NASDAQ: SONM), a leading provider of ultra-rugged mobile solutions, today announced a strategic distribution partnership with Cernotech, a leading distributor of mobile solutions in South Africa. This collaboration will bring Sonim's extensive range of rugged phones, wireless internet solutions, and software suite to market through various Value-Added Resellers (VARs), retailers, and mobile operators in the region.

Sonim Phones Now Available in South Africa; Including Mobile Operator Launch of XP10

London, United Kingdom--(Newsfile Corp. - September 12, 2024) - In response to growing market demand, Sonim Technologies (Nasdaq: SONM), is accelerating its expansion in the EMEA region, aligning with its robust growth strategy unveiled earlier this year. Following the exit of a former rugged phone brand in Europe, Sonim is poised to seize emerging opportunities and strengthen its leadership in rugged communications technology with phones, wireless internet solutions, and a software suite that maps to the needs of its customer base.

Sonim Technologies Accelerates EMEA Market Expansion with Strategic Partnerships and New Product Launches

Sonim's XP400 and XP100 Set to Disrupt the Rugged Professional Segment with Unmatched Quality with Competitive Pricing; Available Q4 2024 Berlin and London, United Kingdom--(Newsfile Corp. - September 7, 2024) - Sonim Technologies (NASDAQ: SONM), a leading US brand of rugged mobile solutions, today announced the introduction of the XP400 and XP100 phones for the EMEA market at the IFA Show in Berlin. Purpose-built for the diverse and demanding needs of the mobile workforce and consumers alike, these devices offer comprehensive protection against dust, water, and other elements-ideal for anyone from workers in demanding environments to those with active lifestyles.

Sonim Unveils Two New Phones for EMEA Markets at IFA Berlin

Commences launch of new connected solution and rugged smartphone portfolio with tier-one carriers in North America Expands European market presence and development with leading carriers and distributors Expects return to sequential growth in Q3 and Q4 driven by additional carrier launches San Diego, California--(Newsfile Corp. - August 9, 2024) - Sonim Technologies, Inc. (Nasdaq: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the quarter ended June 30, 2024. Second Quarter 2024 and Recent Highlights Net revenues were $11.5 million, compared to $16.8 million in the first quarter.

Sonim Reports Second Quarter 2024 Results, Begins New Product Releases into Large New Addressable Markets

Sonim (SONM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Sonim (SONM) to Report a Decline in Earnings: What to Look Out for

Powerful, portable wireless connectivity designed to be waterproof, dustproof, and oops-proof, ideal for users on-the-go, at home, at the cottage on vacation, and remote work San Diego, California--(Newsfile Corp. - July 9, 2024) - Sonim Technologies, Inc. (NASDAQ: SONM) today announced availability of the company's new Sonim Spot™ H500 5G mobile hotspot for with select carriers across Canada*. Designed to meet the demanding needs of prosumers, consumers, students, enterprises, and mission critical professionals, the powerful and portable Spot H500 uniquely delivers ultra-fast Internet1 speeds and enhanced connectivity in a rugged form factor for uncompromised reliability and durability.

Sonim Spot(TM) H500 5G Rugged Mobile Hotspot Now Available Across Canada

Sonim Spot H500 5G Mobile Hotspot: powerful, portable wireless connectivity designed to be waterproof, dustproof, and oops-proof-ideal for remote work sites and users on-the-go San Diego, California--(Newsfile Corp. - June 20, 2024) - Sonim Technologies, Inc. (NASDAQ: SONM) today announced the launch and availability of the first mobile hotspot from the company's new connected solutions portfolio, the Sonim Spot™ H500 5G, through UScellular beginning June 20. Designed to meet the demanding needs of prosumers, consumers, students, enterprises, and public safety professionals, the Spot H500 uniquely delivers ultra-fast Internet speeds and enhanced connectivity in a rugged form factor for uncompromised reliability and durability.

Sonim Spot H500: The Ultimate Rugged 5G Mobile Hotspot, Now Available Through UScellular

Sonim H500 5G mobile hotspot series available through select carriers in North America beginning summer 2024 Rugged design delivers reliable connectivity for professionals, mission-critical, adventurers, and everyday users alike San Diego, California--(Newsfile Corp. - June 18, 2024) - Sonim Technologies, Inc. (NASDAQ: SONM) today announced its first 5G mobile hotspot from its new portfolio of wireless internet solutions: the Sonim H500 5G mobile hotspot series. Known for delivering mobility solutions of exceptional quality and unmatched durability, Sonim once again leads the industry with an ultra-rugged 5G mobile hotspot designed to deliver reliable connectivity in any situation.

Sonim Technologies Unveils First Rugged 5G Mobile Hotspot: Setting a New Standard in Connectivity

San Diego, California--(Newsfile Corp. - June 6, 2024) - Sonim Technologies (NASDAQ: SONM), today announced that it will be presenting at the Sidoti Small Cap Conference, which will take place virtually on June 13, 2024. The Company will present at 1:00 pm Eastern Time on Thursday, June 13, 2024.

Sonim Technologies to Present at the Sidoti Small Cap Conference on June 13, 2024

Select products achieve Trade Agreements Act (TAA) compliance; unlocks new market opportunities and enhances operational resilience San Diego, California--(Newsfile Corp. - June 4, 2024) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, today announced the strategic manufacturing plan for its new 5G connected solutions portfolio outside of China. Select products from this portfolio are now TAA compliant, meeting the requirements necessary for procurement by the United States government, including specific country of origin limitations.

Sonim Technologies Announces TAA Compliant Manufacturing for New 5G Connected Solutions Portfolio

Advancing 13 Carrier Awards Toward Launch Dates Commencing in Summer 2024 Entry Into New Product Markets and Europe Drive 2024 Growth Opportunities Expanding Portfolio and Carrier Awards Boost Company's Addressable Market from $400M to $52B [*] San Diego, California--(Newsfile Corp. - May 14, 2024) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, consumer durable mobile devices, and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the quarter ended March 31, 2024. First Quarter 2024 and Recent Highlights Net revenues increased by 25% sequentially, to $16.8 million GAAP net loss for the quarter was $2.9 million, compared to net loss of $1.4 million in the fourth quarter 2023 due to sales product mix.

Sonim Reports 25% Sequential Increase in Revenue, Continues Advancement into New Addressable Markets

Equity Transaction Supports Accelerated Growth via New Addressable Markets and Global Expansion San Diego, California--(Newsfile Corp. - April 29, 2024) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, consumer durable mobile devices, and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, today announced that it has closed a growth capital investment of common stock and warrants with a single investor for an aggregate purchase price of $3.85 million. The transaction closed concurrently with the execution of the definitive agreement.

Sonim Closes $3.85 Million Growth Capital Transaction Priced 126% Above Market

In the closing of the recent trading day, Sonim (SONM) stood at $0.59, denoting a -0.86% change from the preceding trading day.

Sonim (SONM) Stock Drops Despite Market Gains: Important Facts to Note

Expanding Portfolio and Carrier Awards Boost Company's Addressable Market from $400M to $52B [*] 13 New Carrier Awards Set to Fuel 2024 Product Sales New 2024 Product Launches Support Entry into Larger Rugged Pro, Connected Solutions and Consumer Markets, Geographic Expansion into Europe San Diego, California--(Newsfile Corp. - March 27, 2024) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, consumer durable mobile devices, and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the year ended December 31, 2023. Full Year 2023 and Recent Highlights Net revenues increased by 34% year-over-year, to $93.6 million, up from $69.8 million in 2022 GAAP net loss for the full year improved to $90 thousand, down from a net loss of $14.1 million in 2022 Adjusted EBITDA[†] was positive $4.0 million for 2023, compared to negative $9.9 million for 2022 Ended the year with cash and cash equivalents totaling $9.4 million, accounts receivable at $25.3 million, and inventory valued at $6.5 million Increased sales of Sonim's fully refreshed XP10 ultra-rugged 5G smartphone at tier-one carriers in the U.S. and Canada Entered much larger adjacent wireless internet and consumer durable addressable markets with new devices set to launch throughout 2024 Secured six awards each for wireless internet solutions and rugged phones, plus one for consumer durables with new devices set to launch beginning 2024 in target geographical markets Commenced expansion plans to enter the European market, by establishing a geographic team focused on rugged mobility and connected solutions to fill the gap left by exiting competitors Peter Liu, Sonim's Chief Executive Officer, said: "In 2023, Sonim achieved significant growth with a 34% increase in sales, improvement of the GAAP net loss to $90 thousand, $4.0 million in positive adjusted EBITDA, and three quarters of positive GAAP net income, highlighting the early success of our strategy to grow and diversify.

Sonim Reports 34% Increase in FY2023 Revenue, to $93.6 Million, Significant Expansion Momentum in New Addressable Markets

Sonim (SONM) reachead $0.67 at the closing of the latest trading day, reflecting a +0.37% change compared to its last close.

Sonim (SONM) Increases Despite Market Slip: Here's What You Need to Know

San Diego, California--(Newsfile Corp. - March 21, 2024) - Sonim Technologies (NASDAQ: SONM) today announced that its new next-generation flagship 5G rugged phone has been selected by four leading carriers in North America for launch later this year. These most recent awards continue Sonim's growing momentum since commencing a strategic expansion in late 2023 and diversifying its product lines into new markets.

Sonim Technologies Builds on Success with New Tier-One Carrier Wins for Flagship 5G Rugged Phone

In the most recent trading session, Sonim (SONM) closed at $0.66, indicating a -1.71% shift from the previous trading day.

Sonim (SONM) Registers a Bigger Fall Than the Market: Important Facts to Note

San Diego, California--(Newsfile Corp. - March 13, 2024) - Sonim Technologies (NASDAQ: SONM), today announced that it will be participating in the 36th Annual Roth Conference, which will take place March 17-19, 2024 in Laguna Nigel, CA. Peter Liu, Chief Executive Officer, and Clay Crolius, Chief Financial Officer, will host 1x1 meetings March 18-19, 2024.

Sonim Technologies to Participate in the 36th Annual Roth Conference

Sonim (SONM) closed the most recent trading day at $0.68, moving +0.98% from the previous trading session.

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