SONM
Sonim Technologies, Inc.5.16
-0.34-6.18%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.62MP/E (TTM)
-Basic EPS (TTM)
-100.98Dividend Yield
0%Recent Filings
8-K
8-K
8-K
Sonim Q3 revenue surges 45%
Sonim Technologies reported Q3 2025 revenue of $16.2 million, up 45% from Q2, fueled by launches like the MegaConnect HPUE hotspot with AT&T and FirstNet. Net loss narrowed to $4.8 million amid lower operating expenses, while Adjusted EBITDA improved to negative $2.0 million. The company inked a $15 million cash asset sale to NEXA Mobility, eyed for Q4 close pending approvals, but one-time costs from proxy fights and due diligence weighed on results. Progress accelerates.
10-Q
Q3 FY2025 results
Sonim Technologies posted Q3 revenue of $16.2M, up 8% y/y but down 12% q/q (derived), driven by $2.4M in new H500 hotspot sales and $1.6M from the MegaConnect launch, though feature phone demand fell $3.0M y/y. Gross profit dipped to $1.8M from $4.2M y/y, with margins squeezed to 11.2% from 28.2% by lower-margin new products. Operating loss widened to $4.0M from $2.4M y/y, while net loss hit $4.8M or $(4.83) per diluted share on 985K shares, matching basic due to losses. Cash burned $21.5M YTD to $2.1M, offset by $18.3M in equity raises and $5.1M from promissory notes at 9% interest maturing in 2026-2027; total debt stands at $5.1M net. The pending $15M asset sale to Social Mobile, plus up to $5M earn-out on $70M revenue threshold through June 2026, eyes late 2025 close. Yet customer concentration risks persist, with three carriers at 59% of Q3 sales.
8-K
Sonim appoints chairman, approves split
Sonim Technologies appointed Michael Mulica as Executive Chairman on October 16, 2025, with a $300,000 base salary and $250,000 annual RSU grant, plus a $500,000 RSU award tied to an asset purchase closing. Stockholders approved a 1-for-18 reverse stock split, effective October 27, 2025, to boost share price and meet Nasdaq's minimum bid requirement, alongside increasing authorized shares to 1 billion. Nasdaq extended compliance deadline to December 31, 2025, for the $2.5 million equity rule. Yet success hinges on execution.
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