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.

Presentation on Wednesday, October 4th at 01:30 PM PT San Diego, California--(Newsfile Corp. - September 25, 2023) - Sonim Technologies Inc. (NASDAQ: SONM) announced today that it will be presenting at the 16th annual Main Event on Wednesday, October 4th at 01:30 PM PT at the Luxe Sunset Boulevard Hotel. Company Management will be giving the presentation.

Sonim Technologies Inc. to Present at the LD Micro Main Event XVI

Sonim's global momentum builds across mobile broadband San Diego, California--(Newsfile Corp. - September 18, 2023) - Sonim Technologies Inc. (NASDAQ: SONM), today announced another significant milestone in its growth strategy - a tier-one carrier in Australia has chosen to introduce Sonim's premium mobile hotspot from its new connected solutions product line to its consumer and business customers. This new commitment signals Sonim's successful market penetration into Australia and propels its growth trajectory for 2024.

Sonim Hits Another Milestone: Tier-One Carrier in Australia Selects Premium Mobile Hotspot for 2024 Lineup

Tier-one carrier in North America selects Sonim's premium tier mobile hotspot, targeting consumers and business customers for its 2024 lineup San Diego, California--(Newsfile Corp. - September 13, 2023) - Sonim Technologies, Inc. (NASDAQ: SONM), today announced that in a significant stride towards solidifying its industry leadership, a leading North American carrier has committed to launching Sonim's new premium 5G mobile hotspot for customers in 2024. This early indication of market acceptance from the carrier for the new Sonim Connect wireless internet device portfolio aligns with the company's plans to diversify and expand its product line across major North American carriers.

Sonim Gears for Dynamic Growth in 2024: New Customer Agreement Propels Launch of Premium-tier Mobile Hotspot

San Diego, California--(Newsfile Corp. - August 29, 2023) - Sonim Technologies Inc. (NASDAQ: SONM) today announced availability of the Sonim XP10 5G ultra-rugged smartphone for T-Mobile Business customers in the US. Approved for sale on T-Mobile, America's largest and fastest 5G network, the tough XP10 enables users to tap into specialized capabilities designed to meet their mission-centric needs on the T-Mobile network.

Sonim XP10 5G Smartphone: the Benchmark of Rugged Now Available for T-Mobile for Business Customers

Advancing Carrier Activities and Development for Adjacent Markets to Continue Revenue Growth New Series of 5G Phones to Launch with Two Carriers in 2024 Will Expand into Consumer-Durable Market San Diego, California--(Newsfile Corp. - August 14, 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 second quarter ended June 30, 2023. Second Quarter 2023 and Recent Highlights Net revenues increased 125% year-over-year to $26.8 million, from $12.0 million in the second quarter 2022, and increased sequentially from $25.8 million in the first quarter 2023 Achieved positive GAAP net income of $509 thousand, compared to a net loss of $4.2 million in the second quarter of 2022, and a net profit of $227 thousand in the first quarter 2023 Ended the quarter with cash and cash equivalents of $9.7 million, accounts receivable of $26.6 million and inventory of $4.7 million, demonstrating Sonim's ability to self-fund its organic growth strategy and working capital needs Sonim's increased market capitalization facilitated inclusion in the Russell Microcap® Index, effective June 2023 Further expanded availability and sales of Sonim's XP10 ultra-rugged 5G smartphone at the top carriers in the U.S. and Canada Launched FirstNet Ready™ XP3plus and XP10 5G ultra rugged smartphones for public safety customers Announced the new Sonim Connect range of mobile hotspots, USB modems, and fixed wireless access (FWA) solutions targeting adjacent carrier markets, the first of which will be available later this year, with additional devices available in 2024 Announced new consumer-centric 5G phones to launch in 2024, already selected for sales by two tier-one carriers in North America Readied for increased expansion of wireless solutions targeting carriers, enterprises, and consumers in the UK, EMEA and APAC markets with the appointment of Simon Rayne as general manager Peter Liu, Sonim's Chief Executive Officer, said: "The second quarter demonstrated the strength of our profitable operating model as we successfully increased sales of our existing rugged products and ODM tablets with leading North American carriers.

Sonim Reports 125% Revenue Increase to $26.8 Million, Continued Profitability in Second Quarter 2023

New line of consumer-centric phones, awarded by two tier-one carriers in North America, addresses market demand for durable, affordable devices San Diego, California--(Newsfile Corp. - August 10, 2023) - Sonim Technologies Inc. (NASDAQ: SONM), today announced an addition to its portfolio of mobile phones. The new series of 5G smartphones and feature phones will meet the needs of value-conscious consumers, offering durability and performance for everyday use.

Sonim Announces Strategic Expansion of Mobile Phone Portfolio for Broader Market Segment; Available from 2024

Company strengthens expansion strategy with addition of new hires for connected solutions category, marketing, and EU and APAC market development San Diego, California--(Newsfile Corp. - August 7, 2023) - Sonim Technologies, Inc. (NASDAQ: SONM) today announced the expansion of its product portfolio to introduce a new category of 4G/5G wireless and Wi-Fi data devices. Sonim will offer a range of mobile hotspots, USB modems, and fixed wireless access (FWA) solutions under the category name Sonim Connect.

Sonim Enters Next Chapter of Accelerated Growth and Expansion with New Category of Data Devices

Strategic hire to propel market Expansion: Rayne's comprehensive experience to drive Sonim's growth in key global markets San Diego, California--(Newsfile Corp. - August 7, 2023) - Sonim Technologies Inc. (NASDAQ: SONM) today announced that Simon Rayne has joined Sonim as the newly appointed Senior Vice President and General Manager for the UK, EMEA, and APAC, reporting to Chuck Becher, Chief Commercial Officer. Rayne, an industry veteran executive with extensive experience in sales and market development for wireless solutions targeting carriers, enterprises, and consumers, will lead market development and sales for Sonim across these pivotal regions.

Simon Rayne Appointed as Sonim Technologies' Senior Vice President and General Manager for UK, EMEA, and APAC

San Diego, California--(Newsfile Corp. - August 1, 2023) - Sonim Technologies (NASDAQ: SONM) today announced it will present at the Sidoti Micro-Cap Virtual Conference to be held August 16-17, 2023. As part of the conference, Sonim is scheduled to provide a group presentation at 4:00 p.m.

Sonim Technologies to Present at the Sidoti Virtual Investor Conference August 16

Streamlined, High Utility, Ultra-Rugged Smartphone Pushes Toughness to New Levels San Diego, California--(Newsfile Corp. - July 20, 2023) - Sonim Technologies Inc.  (NASDAQ: SONM) today announced the availability of the Sonim XP10 smartphone for Verizon customers in the US – combining the resilience of an ultra-rugged phone with the reliability and speed of Verizon's network. For a limited time, Public Sector customers can get the new smartphone for Free with a 2-year agreement while Business customers can get it for $0.99 with a 2-year agreement.

Sonim Technologies Launches XP10 Smartphone with Verizon

San Diego, California--(Newsfile Corp. - May 31, 2023) - Sonim Technologies (NASDAQ: SONM) today announced it will participate in the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel, Los Angeles, California on June 6th-8th, 2023. The event is expected to feature 150+ companies, presenting in half-hour increments, as well as private one-on-one meetings.

Sonim Technologies Announces Participation in the LD Micro Invitational XIII

San Diego, California--(Newsfile Corp. - May 30, 2023) - Sonim Technologies (NASDAQ: SONM) today announced it is set to join the Russell Microcap Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to the preliminary list of Russell Microcap 2023 additions posted on May 26, 2023. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.

Sonim Technologies Set to Join Russell Microcap(R) Index

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.

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