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) closed the most recent trading day at $0.61, moving -1.64% from the previous trading session.

Here's Why Sonim (SONM) Fell More Than Broader Market

Sonim (SONM) closed the most recent trading day at $0.62, moving -1.52% from the previous trading session.

Sonim (SONM) Suffers a Larger Drop Than the General Market: Key Insights

San Diego, California--(Newsfile Corp. - January 30, 2024) - Sonim Technologies (NASDAQ: SONM), today announced that it will be participating in The Microcap Conference, which will take place January 30, 31, February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ. Peter Liu, Chief Executive Officer, and Clay Crolius, Chief Financial Officer, will be presenting on January 31 & February 1, 2024.

Sonim Technologies to Present at The Microcap Conference

Group Presentation to be Available on Sonim Website San Diego, California--(Newsfile Corp. - December 1, 2023) - Sonim Technologies (NASDAQ: SONM) today announced it will present to investors at the Sidoti Small Cap Virtual Conference to be held December 6-7, 2023. Company management will also be available for individual meetings with qualified investors throughout the day.

Sonim Technologies to Present at the Sidoti Virtual Investor Conference December 7

San Diego, California--(Newsfile Corp. - November 15, 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, today announced that the board of directors of Sonim appointed Mike Mulica as its new Chair on November 12, 2023. Mr. Mulica will be succeeding Jeffrey Wang, who has provided exemplary service as the Chair and will continue his valuable contributions to Sonim as an Independent Director.

Sonim Appoints Mike Mulica as Board Chair

Increased Gross Margin, Continued GAAP Net Income Demonstrate Durability of Sonim Financial Model Growing List of New Tier-One Carrier Design Awards for Sonim Connect and Mobile Phone Devices San Diego, California--(Newsfile Corp. - November 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 third quarter ended September 30, 2023. Third Quarter 2023 and Recent Highlights Net revenues increased 34% year-over-year to $27.6 million from $20.5 million in the third quarter 2022, and increased sequentially from $26.8 million in the second quarter 2023 Achieved positive GAAP net income of $527 thousand, compared to a net loss of $1.6 million in the third quarter of 2022, and a net profit of $509 thousand in the second quarter 2023 Ended the quarter with cash and cash equivalents of $9.8 million, accounts receivable of $30.3 million, and inventory of $4.2 million, demonstrating Sonim's ability to continue self-funding its organic growth strategy and to address its working capital needs Continued increased sales of Sonim's XP10 ultra-rugged 5G smartphone at leading carriers in the U.S. and Canada Announced the new Sonim Connect portfolio featuring 4G/5G wireless and Wi-Fi data devices, including mobile hotspots, USB modems and fixed wireless access solutions designed to provide secure, high-speed internet connectivity Sonim Connect devices provide a reliable and cost-effective solution that meets the diverse needs of enterprise, government, SMB and consumer audiences Launched the Sonim® USB 4G LTE + Wi-Fi Modem W100 in Europe, including initial shipments Secured five customer awards with tier-one carriers in North America and Australia for 5G mobile hotspots, set to launch in 2024 Added industry veterans with extensive mobile broadband and fixed wireless access experience to further extend Sonim's reach in this new market opportunity Announced new consumer-centric and broader market 5G line of phones targeting mid- and value-tier segments; selected by two tier-one carriers in North America for launch in 2024 Appointed Simon Rayne as general manager overseeing wireless carrier, enterprise, and consumer sales in the UK, EMEA and APAC markets Peter Liu, Sonim's Chief Executive Officer, said: "In the third quarter, we continued to deliver solid performance achieving both sustained revenue growth and GAAP EPS profitability.

Sonim Reports 34% Revenue Increase to $27.6 Million, Continued GAAP Profitability in Third Quarter 2023

Southern Company

Sonim ultra-rugged phones with Push-to-Talk (PTT) are trusted by Southern Linc government and business customers requiring equipment that performs in demanding environments from a US-based supplier. San Diego, California and Atlanta, Georgia--(Newsfile Corp. - November 9, 2023) - Sonim Technologies Inc. (NASDAQ: SONM) today announced the availability of the versatile XP5plus phone that combines cellular with 2-way radio functionality at Southern Linc, the wireless subsidiary of Southern Company (NYSE: SO).

Sonim Announces Availability of PTT-Centric Phone XP5plus at Southern Linc

Investors interested in learning more encouraged to register for free at the Emerging Growth Conference website San Diego, California--(Newsfile Corp. - October 25, 2023) - Sonim Technologies (NASDAQ: SONM) today announced it will present to investors at the Emerging Growth Virtual Conference to be held November 1-2, 2023. As part of the conference, Sonim is scheduled to provide a group presentation at 10:15 a.m.

Sonim Technologies to Present at the Emerging Growth Virtual Investor Conference November 2

Sonim partners with Capestone to bring wireless internet solution to budget savvy businesses, business users, and consumers The Sonim USB 4G LTE + WiFi Modem W100: A secure, budget-friendly modem with hotspot functionality San Diego, California and Leiden, Netherlands--(Newsfile Corp. - October 11, 2023) - Sonim Technologies Inc. (NASDAQ: SONM), a leading US-based provider of ultra-rugged mobility solutions, in partnership with Capestone, a leading specialized distributor of 4G/5G Wireless WAN & IoT solutions in Europe, today announced availability of the Sonim® USB 4G LTE + Wi-Fi Modem W100 across Europe. For where to buy details, visit https://capestone.com/en/product/sonim-usb-w100/.

Sonim Embarks on New Horizon with the European Launch of Its First 'Connect' Wireless Internet Product

Three more leading North American carriers opt for Sonim Mobile Hotspots; Total commitments for Sonim Connect wireless internet portfolio reach six for 2024 launch, signifying robust demand for value-centric solutions San Diego, California--(Newsfile Corp. - October 4, 2023) - Sonim Technologies Inc. (NASDAQ: SONM) today reported the latest advancements in its momentum series. A total of six customers have now chosen Sonim's wireless internet devices for their 2024 line-up.

Sonim Continues Growth Trajectory into 2024: New Customer Agreements Ignite the Launch of Additional Products from New Wireless Internet Portfolio

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.

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