Sonim Technologies, Inc. (SONM)

NASDAQ: SONM · IEX Real-Time Price · USD
0.752
+0.024 (3.34%)
At close: Aug 11, 2022 4:00 PM
0.775
+0.023 (3.017%)
Pre-market: Aug 12, 2022 8:13 AM EDT
3.34%
Market Cap 25.69M
Revenue (ttm) 55.59M
Net Income (ttm) -36.56M
Shares Out 34.15M
EPS (ttm) -2.91
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 612,434
Open 0.790
Previous Close 0.728
Day's Range 0.730 - 0.797
52-Week Range 0.475 - 7.350
Beta 2.92
Analysts Buy
Price Target 2.04 (+171.2%)
Earnings Date Aug 15, 2022

About SONM

Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, Sonim XP3, and Sonim XP3plus based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services. It sells its mobile phones and accessories... [Read more...]

Industry Technology Hardware, Storage & Peripherals
IPO Date May 10, 2019
CEO Thomas Wilkinson
Employees 77
Stock Exchange NASDAQ
Ticker Symbol SONM
Full Company Profile

Financial Performance

In 2021, SONM's revenue was $54.57 million, a decrease of -14.72% compared to the previous year's $63.99 million. Losses were -$38.63 million, 29.0% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for SONM stock is "Buy." The 12-month stock price forecast is 2.04, which is an increase of 171.17% from the latest price.

Price Target
$2.04
(171.17% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sonim Completes Second Closing of Growth Equity Transaction

Strategic Investment Driving Expansion Into Larger Semi-Rugged and Industrial 5G Growth Markets AUSTIN, Texas , Aug. 9, 2022 /PRNewswire/ --  Sonim Technologies, Inc.  (Nasdaq: SONM) ("Sonim" or the "Co...

Sonim Technologies (SONM) Stock Rockets 18% on AT&T Deal

Sonim Technologies (SONM) stock is taking off on Friday following news of a deal with AT&T (T) for its newest rugged phone! The post Sonim Technologies (SONM) Stock Rockets 18% on AT&T Deal appeared fir...

Other symbols: T

Sonim Technologies Launches New XP5plus Rugged Device with AT&T

AUSTIN, Texas , July 15, 2022 /PRNewswire/ --  Sonim Technologies  (Nasdaq: SONM) today announced the launch of the XP5plus on the AT&T network, which offers the best of both cellular and radio-like cap...

Sonim Completes First Closing of Growth Equity Transaction

Announced $15.9 Million in Carrier Orders Since April 14  Expanding Into Larger Semi-Rugged and Industrial 5G Growth Markets AUSTIN, Texas , July 13, 2022 /PRNewswire/ --  Sonim Technologies, Inc.  (Nas...

ISS Recommends FOR All Sonim Proxy Proposals at Special Meeting On June 28

AUSTIN, Texas , June 23, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced that proxy advisory firm Institutional Shareholder Services (ISS) has recommended that stockholders entitl...

Sonim Devices Available for T-Mobile's Connecting Heroes Program

Industry Leading, Ultra-rugged Devices Now Available at a Discount to T-Mobile First Responder Customers AUSTIN, Texas , June 23, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) announced today t...

Here's Why Sonim Shares Are Trading Up Premarket

Sonim Technologies, Inc (NASDAQ: SONM) won multiple additional purchase orders worth $6.4 million for stocking inventory of its upcoming XP5plus feature phone with enhanced PTT capabilities and next-gen...

Sonim Receives Additional $6.4 Million in Initial Stocking Orders from US and Canadian Carriers

Orders Add to Prior XP5plus and XP10 Smartphone Stocking Orders for Summer and Fall 2022 AUSTIN, Texas , June 14, 2022 /PRNewswire/ -- Sonim Technologies (NASDAQ: SONM) today announced multiple addition...

Sonim Reports First Quarter Financial Results

Sonim Moves into Large Semi-Rugged and Industrial Growth Markets Through Proposed Equity Transaction U.S. Carrier Orders for upcoming XP5 Plus and XP10 Smartphone AUSTIN, Texas , May 10, 2022 /PRNewswir...

Sonim Announces Purchase Orders from Top US Carrier for Next-Generation Rugged Phones

Orders for Next Generation XP5 Plus and XP10 Smartphone in Summer and Fall 2022 AUSTIN, Texas , May 5, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced purchase orders totalling $9...

Sonim Announces Equity Transaction to Drive Growth and Expand Addressable Market

Entering Larger Semi-Rugged and Industrial 5G Growth Markets Peter Liu to Become Chief Executive Officer AUSTIN, Texas , April 14, 2022 /PRNewswire/ -- Sonim Technologies, Inc. (Nasdaq: SONM) ("Sonim" o...

Sonim and Zello Team Up to Deliver Push-to-Talk on the Rugged XP3plus Flip Phone

Top Rated, One-Touch Push-to-Talk Application Now Available for Easy, Reliable Communications for Frontline Workers AUSTIN, Texas, March 24, 2022 /PRNewswire/ -- Sonim Technologies  (Nasdaq: SONM) annou...

Sonim Reports Fourth Quarter and Full Year 2021 Financial Results

Additional New Carrier Devices Planned for Launch in 3Q 2022 AUSTIN, Texas, March 21, 2022 /PRNewswire/ --  Sonim Technologies, Inc.  (Nasdaq: SONM), a leading U.S. provider of ultra-rugged mobile devic...

Why Is Sonim Technologies (SONM) Stock Up Today?

Today, investors in Sonim Technologies and SONM stock are cheering a major announcement which investors expect could be a big deal. The post Why Is Sonim Technologies (SONM) Stock Up Today?

Sonim XP8 Smartphone Integrates Walkie Talkie in Microsoft Teams

AUSTIN, Texas, March 15, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced that the ultra-rugged XP8 smartphone has integrated with the Walkie Talkie in Microsoft Teams application ...

Sonim Launches Ultra-Rugged XP3plus Flip Phone for TELUS Customers

AUSTIN, Texas , March 10, 2022 /PRNewswire/ -- Sonim Technologies  (Nasdaq: SONM) announced today the availability of the XP3plus flip phone at TELUS stores across Canada and online at telus.com startin...

Sonim Launches Unlocked Versions of Ultra-Rugged XP3plus Phone for Global Markets

AUSTIN, Texas, March 9, 2022 /PRNewswire/ --  Sonim Technologies  (Nasdaq: SONM) announced today that unlocked versions of the XP3plus flip phone are now available globally. There will be two versions o...

Sonim and AdvanceTec Introduce 'Made in the U.S.' Accessories for Rugged XP3plus Phone

AUSTIN, Texas, Feb. 17, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) and AdvanceTec Industries have teamed up to launch a broad portfolio of made in the U.S. products, including handsfree acce...

Sonim Announces New Design Win Awards with Leading Canadian Carriers for Next-Generation Rugged 5G Smartphone and PTT...

AUSTIN, Texas, Dec. 16, 2021 /PRNewswire/ --  Sonim Technologies  (Nasdaq: SONM) announced today the company has secured design win awards for the company's next generation products from two long-time c...

Sonim and Klein Electronics Introduce the RESCUE Remote Speaker Microphone

AUSTIN, Texas, Dec. 14, 2021 /PRNewswire/ --  Sonim Technologies  (Nasdaq: SONM) announced today the launch of the Klein RESCUE waterproof Remote Speaker Microphone (RSM) coming in Q1, 2022. The RESCUE ...

Sonim (SONM) Reports Q3 Loss, Misses Revenue Estimates

Sonim (SONM) delivered earnings and revenue surprises of -101.54% and -10.28%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Sonim Reports Third Quarter 2021 Financial Results

AUSTIN, Texas, Nov. 10, 2021 /PRNewswire/ --  Sonim Technologies, Inc.  (Nasdaq: SONM), a leading U.S. provider of ultra-rugged mobile devices, accessories and solutions designed specifically for task w...

Sonim (SONM) May Report Negative Earnings: Know the Trend Ahead of Q3 Release

Sonim (SONM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sonim XP3plus Now Available in T-Mobile Stores Nationwide

AUSTIN, Texas, Oct. 27, 2021 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced that the recently launched XP3plus is now available in T-Mobile stores nationwide. "We are excited about th...

Sonim Announces Adjournment of Annual Meeting of Stockholders Due to Lack of Quorum

AUSTIN, Texas, Oct. 26, 2021 /PRNewswire/ -- Sonim Technologies, Inc. ("the Company" or "Sonim") (Nasdaq: SONM), today announced that the Company's 2021 Annual Meeting of Stockholders, on October 26, 20...