Sonim Technologies (SONM) Stock

With unmatched durability and advanced features, the uniquely sleek XP Pro 5G is engineered for extreme environments and demanding professionals, from mission critical to the boardroom San Diego, California--(Newsfile Corp. - November 21, 2024) - Sonim Technologies Inc. (NASDAQ: SONM) just unveiled the new XP Pro 5G, the company's next generation ultra rugged smartphone supporting Verizon's 5G Ultra Wideband. Available starting today with Verizon, this latest flagship phone benefits from over two decades of innovation in rugged phone design, offering unmatched durability in a sleek, stealthy profile.

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.

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.

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.

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.

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.

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.

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.

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.