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SONM

Sonim Technologies, Inc.

SONM

Sonim Technologies, Inc. • NASDAQ
$5.74 ▲ 9.24% (+0.48)
Market Cap $5.90 M
52w High $114.84
52w Low $4.75
Dividend Yield 0%
P/E -0.06
Volume 21.29K
Outstanding Shares 1.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $16.214M ▲ $5.796M ▼ $-4.753M ▲ -29.314% ▲ $-4.83 ▼ $-3.189M ▲
Q2-2025 $11.19M ▼ $7.577M ▼ $-7.475M ▼ -66.801% ▼ $-0.79 ▼ $-6.15M ▼
Q1-2025 $16.721M ▲ $7.711M ▼ $458K ▲ 2.739% ▲ $0.078 ▲ $1.736M ▲
Q4-2024 $14.984M ▼ $21.921M ▲ $-21.614M ▼ -144.247% ▼ $-4.41 ▼ $-20.741M ▼
Q3-2024 $15.022M $6.608M $-2.512M -16.722% $-0.52 $-1.477M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.137M ▲ $40.219M ▲ $40.92M ▲ $-701K ▲
Q2-2025 $2.006M ▼ $36.078M ▲ $37.412M ▲ $-1.334M ▼
Q1-2025 $2.115M ▼ $35.958M ▼ $37.037M ▼ $-1.079M ▲
Q4-2024 $5.343M ▼ $39.739M ▼ $45.439M ▲ $-5.7M ▼
Q3-2024 $9.06M $49.147M $33.798M $15.349M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.753M ▲ $-7.034M ▼ $0 $7.165M ▲ $131K ▲ $-7.034M ▼
Q2-2025 $-7.475M ▼ $-4.882M ▲ $0 $4.773M ▼ $-109K ▲ $-4.882M ▲
Q1-2025 $458K ▲ $-9.606M ▼ $0 ▲ $6.378M ▲ $-3.228M ▲ $-9.606M ▼
Q4-2024 $-21.614M ▼ $-4.509M ▼ $-8K ▲ $800K ▲ $-3.717M ▼ $-4.517M ▼
Q3-2024 $-2.512M $-417K $-137K $14K $-540K $-554K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Accessories and Other
Accessories and Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Connected Solutions
Connected Solutions
 $0 ▲$0 ▲$0 ▲$0 ▲
Feature Phones
Feature Phones
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Smartphones
Smartphones
 $10.00M ▲$10.00M ▲$0 ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Sonim’s revenue base is very small and has stayed in a narrow range over the past several years, so this is still a tiny business in scale terms. Gross profit is positive but thin, which means there is limited room to absorb operating costs. Operating results have hovered around break-even at best, with most years showing losses, and only one recent year close to flat. Overall, the income statement shows a company that has not yet converted its niche into durable profitability, and earnings per share have been highly volatile, partly due to repeated reverse stock splits.

Balance Sheet

Balance Sheet The balance sheet is light, with only a modest level of total assets and a small cash cushion. On the positive side, the company carries essentially no financial debt, so it is not burdened by interest payments. However, shareholder equity has slipped into negative territory recently, which signals cumulative losses have outgrown the capital base. Combined with the history of multiple reverse splits, this points to a fragile financial position and limited room for prolonged setbacks without new capital or structural changes.

Cash Flow

Cash Flow Cash flow from operations has been close to break-even over several years, generally slightly negative but not deeply so. Capital spending needs have been minimal, so free cash flow largely mirrors operating cash flow. This pattern suggests the business is not consuming cash at a rapid pace, but it also is not generating a healthy surplus to reinvest or build a safety buffer. With only a thin cash reserve, even modest cash burn remains a risk if growth or profitability does not improve.

Competitive Edge

Competitive Edge Sonim has carved out a clear niche in ultra-rugged devices for first responders, industrial users, and other mission‑critical settings. Its own rugged performance standards, long warranties, and strong relationships with major carriers give it a recognizable brand and some differentiation versus generic rugged phones. The focus on specialized markets and public‑safety certifications further strengthens customer stickiness. The flip side is that the company operates in a narrow niche with much larger handset and device makers nearby, faces ongoing pricing pressure, and must rely on carrier partners for distribution and visibility, which can limit its bargaining power and scale advantages.

Innovation and R&D

Innovation and R&D Innovation is a relative strong point for Sonim. It has gone beyond basic ruggedization into thermal imaging devices, push‑to‑talk focused designs, and 5G‑ready hardware aimed at industrial and public‑safety use cases. Its work on integrating connectivity, IoT‑style features, and potentially AI makes the portfolio more of a solutions platform than just hardware. The planned combination with Social Mobile, if completed and successfully integrated, could give Sonim better access to software, enterprise customization, and recurring services. The main constraint is the company’s small size and limited financial resources, which can cap the speed and breadth of R&D compared with larger competitors.

Summary

Overall, Sonim is a very small, financially thin company with persistent historical losses, a weak equity position, and limited cash, but also a clearly defined niche and recognizable strengths in rugged, mission‑critical devices. The business shows signs of operational discipline in keeping cash burn relatively modest, yet it has not built a strong profitability track record or balance‑sheet cushion. Its competitive edge rests on product durability standards, carrier partnerships, and specialized features for demanding users, while future upside depends heavily on the success of new 5G and thermal products and on the execution of the strategic transaction with Social Mobile. The combination of interesting niche positioning with constrained financial flexibility makes execution risk and dependence on partners key themes to watch.

NEWS

November 25, 2025 · 4:01 PM UTC

Sonim Technologies Files Preliminary Proxy Statement, Advancing Asset Purchase by NEXA Mobility

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October 31, 2025 · 8:00 AM UTC

Sonim Technologies Reports Third Quarter 2025 Financial Results

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