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.

Achieves Positive GAAP Net Income on Continued Sales Growth Targeting Adjacent Markets to Continue Revenue Growth This press release corrects a press release distributed on May 8, 2023 under the same headline which contained two misstated dates. San Diego, California--(Newsfile Corp. - May 9, 2023) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of ultra-rugged, rugged and consumer durable mobile devices including phones, tablets and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the first quarter ended March 31, 2023.

CORRECTION FROM SOURCE: Sonim Reports 95% Sales Increase, Profitability in First Quarter 2023

Achieves Positive GAAP Net Income on Continued Sales Growth Targeting Adjacent Markets to Continue Revenue Growth San Diego, California--(Newsfile Corp. - May 8, 2023) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of ultra-rugged, rugged and consumer durable mobile devices including phones, tablets and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 and Recent Highlights Net revenues increased 95% year-over-year to $25.8 million, from $13.3 million in the fourth quarter 2021, and 7% sequentially from $24.1 million in the fourth quarter 2022 Achieved positive GAAP net income of $227 thousand, compared to a net loss of $7.2 million in the first quarter of 2022, and a net loss of $1.0 million in the fourth quarter 2022 Expanded availability of Sonim's first ultra-rugged 5G smartphone, the best-in-class Sonim XP10, sold at tier-1 North American carriers in the U.S. and Canada Launched a First Net ready XP3plus in addition to the First Net ready XP10 5G ultra rugged smartphone for public safety customers Launched the XP3plus flip phone featuring NextNav Pinnacle Vertical Location Capabilities, available to Verizon and Verizon Frontline customers Ended the quarter with cash and cash equivalents of $9.0 million, accounts receivable of $25.0 million and inventory of $4.5 million, demonstrating Sonim's ability to self-fund its organic growth strategy and working capital needs Peter Liu, Sonim's Chief Executive Officer, said: "We are excited to report positive net income on a GAAP basis, a capstone achievement just 8 months following the new management team's appointment in July 2022.

Sonim Reports 95% Sales Increase, Profitability in First Quarter 2023

San Diego, California--(Newsfile Corp. - May 2, 2023) - Sonim Technologies (NASDAQ: SONM) today announced it has regained compliance with Nasdaq listing requirements. In a letter dated May 1, 2023, the Nasdaq Stock Market LLC confirmed that the Company achieved compliance with the minimum bid price rule required for continued listing on the Nasdaq Capital Market.

Sonim Technologies Regains Compliance with Nasdaq Listing Requirements

San Diego, California--(Newsfile Corp. - April 25, 2023) - Sonim Technologies (NASDAQ: SONM) today announced that it expects to report continued sequential and year-over-year sales growth in the first quarter of 2023, ended March 31. First quarter 2023 revenue is anticipated to be approximately $25.8 million.

Sonim Technologies Announces Preliminary First Quarter 2023 Results

Diversified product lines and fully updated rugged phone lineup continue to drive growth San Diego, California--(Newsfile Corp. - April 17, 2023) - Sonim Technologies (NASDAQ: SONM) today announced a new purchase order for $14.7 million in tablet products designed by Sonim and assembled via an ODM relationship. Sonim expects to ship the newest purchase order starting from the second quarter of 2023.

Sonim Technologies Announces $14.7 Million Tablet Order

XP3plus Ultra-Rugged Flip Phone Certified and Approved for use on FirstNet, Built with AT&T San Diego, California--(Newsfile Corp. - April 11, 2023) - Sonim Technologies Inc . (NASDAQ: SONM) is pleased to announce that the XP3plus ultra-rugged flip phone is now certified and approved for use on FirstNet® - the only network built with and for America's first responders.

Sonim Delivers FirstNet Ready XP3plus for Public Safety

San Diego, California--(Newsfile Corp. - April 4, 2023) - Sonim Technologies (NASDAQ: SONM) today announced that members of its management team have completed open market equity purchases during an insider buying window that closed on March 31, 2023. In total, Sonim insiders purchased 270,000 shares.

Sonim Announces Insider Purchases of SONM Equity

Free, High-Performance, Accurate, Reliable Scanning Solution Built on Google ML Kit API San Diego, California--(Newsfile Corp. - March 21, 2023) - Sonim Technologies Inc. (NASDAQ: SONM) announced today that Sonim SCAN barcode capabilities are now available on the ultra-rugged XP10 smartphone. Sonim SCAN Now Available on XP10 Ultra-Rugged 5G Smartphone To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8971/159126_sonim1.jpg Sonim SCAN is a free Android application that utilizes Google's industry-leading ML Kit barcode API to turn the XP10 into a world-class barcode scanning solution.

Sonim SCAN Now Available on XP10 Ultra-Rugged 5G Smartphone

Launches XP10 Next-Generation Rugged Android Smartphone with Major Carriers New Management Model Successfully Driving Growth in Adjacent Markets San Diego, California--(Newsfile Corp. - March 20, 2023) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of ultra-rugged, rugged and consumer durable mobile devices including phones, tablets and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 and Recent Highlights Net revenues increased 51% year-over-year to $24.1 million, from $15.9 million in the fourth quarter 2021, and 18% sequentially from $20.5 million in the third quarter 2022 Net loss declined by 91% to $1.0 million, from a net loss of $11.7 million in the fourth quarter of 2021 and from a net loss of $1.6 million in the third quarter 2022 Launched Sonim's first ultra-rugged 5G smartphone, the best-in-class Sonim XP10, now broadly available with tier-1 North American carriers in the U.S. and Canada Launched a First Net ready XP10 5G ultra rugged smartphone for public safety customers Launched the XP3plus flip phone featuring NextNav Pinnacle Vertical Location Capabilities, available to Verizon and Verizon Frontline customers Shipped an additional $15.6 million in new tablet orders, leveraging Sonim's expanded ODM capabilities as the company moves into large adjacent growth markets Ended the quarter with cash and cash equivalents of $13.2 million, accounts receivable of $22.4 million and inventory of $3.9 million, demonstrating Sonim's ability to self-fund its organic growth strategy to achieve cash positive operations Peter Liu, Sonim's Chief Executive Officer, said: "2022 was an exciting year of operational progress and growth at Sonim.

Sonim Reports 51% Year-Over-Year Fourth Quarter Sales Increase

San Diego, California--(Newsfile Corp. - March 13, 2023) - Sonim Technologies (NASDAQ: SONM) today announced that it received a written notice from the United States Securities and Exchange Commission (SEC) stating that the SEC has concluded its investigation as to Sonim and does not intend to recommend enforcement action. This notice was provided under the guidelines set forth in the final paragraph of Securities Act Release No.

Sonim Announces Closure of SEC Investigation with No Enforcement Action

Remains Focused on Driving Revenue Growth, Achieving Profitability with Current Balance Sheet San Diego, California--(Newsfile Corp. - February 21, 2023) - Sonim Technologies (NASDAQ: SONM) today announced that it requested a hearing pertaining to the notice by the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") received on February 14, 2023. The notice from the Staff stated that based upon the Company's non-compliance with the $1.00 bid price requirement for continued listing on The Nasdaq Capital Market, the Company's common stock was subject to delisting unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the "Panel") to address the deficiency.

Sonim Announces Receipt of Nasdaq Listing Determination; Requests Hearing and Further Stay

San Diego, California--(Newsfile Corp. - January 26, 2023) - Sonim Technologies (NASDAQ: SONM) announced today the integration of NextNav Pinnacle vertical location, or z-axis capabilities, into Sonim's XP3plus, making it the first Sonim feature phone available with these capabilities.

Sonim XP3plus Flip Phone Featuring NextNav Pinnacle Vertical Location Capabilities Now Available to Verizon and Verizon Frontline Customers

Current Balance Sheet Supports Drive to Profitable OperationsSan Diego, California--(Newsfile Corp. - December 15, 2022) - Sonim Technologies (NASDAQ: SONM) today announced that it expects continued sequential growth in the fourth quarter of 2022, ending December 31, with revenue anticipated to be in excess of $24 million. Achieving at least $24 million in fourth quarter revenue would represent sequential growth of at least 17% from revenue of $20.

Sonim Expects Continued Sequential Growth in the Fourth Quarter

Newly Designed Enterprise Smartphone Delivers Simple, Fast and Reliable Communications with Freedom to ChooseSan Diego, California--(Newsfile Corp. - December 13, 2022) - Sonim Technologies Inc. (NASDAQ: SONM) announced today that the global unlocked version of the ultra-rugged XP10 5G smartphone will be available in early 2023. The XP10, which has recently launched with multiple carriers in North America, is the latest addition to Sonim's ultra-rugged product line, building on the solid foundation of its predecessor, the XP8.

Sonim Unlocked Ultra-Rugged XP10 5G Smartphone Available Globally in Early 2023

Streamlined, High Utility, Ultra-Rugged Smartphone Pushes Toughness to New LevelsSan Diego, California--(Newsfile Corp. - December 8, 2022) - Sonim Technologies Inc. (Nasdaq: SONM) today announced the availability of the XP10 in Canada. Sonim's new smartphone is the first to combine the benefits of an ultra-rugged device with the speed and performance of 5G.Sonim Technologies Launches XP10 5G Smartphone with BellTo view an enhanced version of this g

Sonim Technologies Launches XP10 5G Smartphone in Canada

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Streamlined, High Utility, Ultra-Rugged Smartphone Pushes Toughness to New LevelsSan Diego, California--(Newsfile Corp. - December 6, 2022) - Sonim Technologies Inc. (NASDAQ: SONM) today announced the availability of the XP10 for TELUS customers in Canada. Sonim's XP10 is the company's first device that combines the benefits of an ultra-rugged device with the speed and performance of 5G.Sonim Technologies Launches XP10 5G Smartphone with TELUSTo view an

Sonim Technologies Launches XP10 5G Smartphone with TELUS

New orders plus new rugged phone devices expected to drive sequential growth in fourth quarterSan Diego, California--(Newsfile Corp. - November 30, 2022) - Sonim Technologies (NASDAQ: SONM) today announced an additional customer purchase order for $17 million in tablet products designed by Sonim and assembled via an ODM relationship. Sonim expects to ship the newest purchase order starting from the fourth quarter and into 2023, driving sequential revenue growth over the third quarter of 2022. The latest tablet order follows $13.

Sonim Technologies Announces $17 Million Additional Tablet Order

Newly Designed, 5G, Ultra-Rugged Smartphone Certified and Approved for use on FirstNet, Built with AT&TSan Diego, California--(Newsfile Corp. - November 21, 2022) - Sonim Technologies, Inc. (NASDAQ: SONM) is pleased to announce that the XP10 is now certified and approved for use on FirstNet® - the only network built with and for America's first responders. The ultra-rugged, 5G XP10 is now FirstNet Ready®, which means first responders can use it to tap into specialized capabilities designed to meet their mission-centric needs on the FirstNet network.

Sonim Delivers FirstNet Ready XP10 for Public Safety

Streamlined, Ultra-Rugged Smartphone Stands Up to Extreme EnvironmentsSan Diego, California--(Newsfile Corp. - November 17, 2022) - Sonim Technologies, Inc. (NASDAQ: SONM) plans to launch the Sonim XP10, the company's first ultra-rugged, 5G smartphone with major carriers in the coming weeks.Sonim XP10To view an enhanced version of this graphic, please visit:

Sonim to Launch the XP10: The Company's First Ultra-Rugged, 5G Smartphone

Revenue Increases 42% Year-Over-Year as New Orders RampLaunching Next-Generation Rugged Android Smartphone in Q4San Diego, California--(Newsfile Corp. - November 14, 2022) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of ultra-rugged, rugged and consumer durable mobile devices including phones, tablets and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the third quarter ended September 30, 2022.

Sonim Reports Third Quarter Financial Results

Austin, Texas--(Newsfile Corp. - November 3, 2022) - Sonim Technologies, Inc. (NASDAQ: SONM), today announced that Clay Crolius, CFO and Chuck Becher, Chief Commercial Officer will attend the Q4 Investor Summit live in New York City at the Sheraton Times Square. Management will be available for one-on-one meetings throughout the day.Event: Q4 Investor SummitDate: November 14th, 2022Presentation: November 14th at 12:30 P.M.

Sonim Technologies, Inc. to Present at Investor Summit Group's Q4 Conference

Austin, Texas--(Newsfile Corp. - October 18, 2022) - Sonim Technologies (Nasdaq: SONM) today announced that management will participate at the following investor conference event during October 2022.Event: LD Micro Main Event XVDate: Wednesday, October 26, 2022Presentation: 11:00 a.m.

Sonim Technologies to Present at LD Micro Investor Conference

Frontline Workers and Public Safety Benefit from Cellular and Radio-Like Capabilities in One Rugged DeviceAustin, Texas--(Newsfile Corp. - October 7, 2022) - Sonim Technologies Inc. (NASDAQ: SONM) today announced the availability of the XP5plus for TELUS customers in Canada. The XP5plus builds on the legacy of its predecessor, the XP5s, one of the most widely used PTT-over-Cellular ultra-rugged devices among frontline workers and first responders who need instant reliable two-way communications when it matters most.

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