Sonim Technologies (Nasdaq:SONM) - Stock Price, News & Analysis

SONM Stock Overview

Provides ruggedized mobile phones and accessories for task workers.

SONM fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 92.9% below our estimate of its fair value

Revenue is forecast to grow 50.71% per year

Trading at good value compared to peers and industry

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($14M)

Volatile share price over the past 3 months compared to the US market

Sonim Technologies, Inc. Competitors

Quantum

NasdaqGM:QMCO

US$15.7m

Socket Mobile

NasdaqCM:SCKT

US$8.8m

Qualstar

OTCPK:QBAK

US$5.6m

Borqs Technologies

OTCPK:BRQS.F

US$5.4m

Price History & Performance

Summary of all time highs, changes and price drops for Sonim Technologies
Historical stock prices
Current Share Price	US$2.93
52 Week High	US$10.70
52 Week Low	US$2.32
Beta	2.54
11 Month Change	13.85%
3 Month Change	-46.90%
1 Year Change	-62.00%
33 Year Change	-85.30%
5 Year Change	-99.03%
Change since IPO	-99.73%

Lacklustre Performance Is Driving Sonim Technologies, Inc.'s (NASDAQ:SONM) 47% Price Drop

Aug 07

Sonim Technologies, Inc. (NASDAQ:SONM) Shares Fly 27% But Investors Aren't Buying For Growth

Jun 14

Recent updates

Lacklustre Performance Is Driving Sonim Technologies, Inc.'s (NASDAQ:SONM) 47% Price Drop

Aug 07

Sonim Technologies, Inc. (NASDAQ:SONM) Shares Fly 27% But Investors Aren't Buying For Growth

Jun 14

Sonim Technologies, Inc. (NASDAQ:SONM) Might Not Be As Mispriced As It Looks

Mar 29

Sonim Technologies (NASDAQ:SONM) Might Be Having Difficulty Using Its Capital Effectively

Feb 02

Is Sonim Technologies (NASDAQ:SONM) In A Good Position To Invest In Growth?

Nov 03

Take Care Before Diving Into The Deep End On Sonim Technologies, Inc. (NASDAQ:SONM)

Sep 17

Reflecting on Sonim Technologies' (NASDAQ:SONM) Share Price Returns Over The Last Year

Mar 09

Should You Take Comfort From Insider Transactions At Sonim Technologies, Inc. (NASDAQ:SONM)?

Jan 15

Sonim Technologies rallies on software development relationship with Coforge

Dec 22

Sonim Technologies, Inc.'s (NASDAQ:SONM) Profit Outlook

Nov 23

Shareholder Returns

	SONM	US Tech	US Market
7D	3.4%	0.5%	1.0%
1Y	-62.0%	27.7%	33.6%

Return vs Industry: SONM underperformed the US Tech industry which returned 27.1% over the past year.

Return vs Market: SONM underperformed the US Market which returned 31.9% over the past year.

Price Volatility

Is SONM's price volatile compared to industry and market?
SONM volatility
SONM Average Weekly Movement	12.3%
Tech Industry Average Movement	7.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	14.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: SONM's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: SONM's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
1999	67	Peter Liu	www.sonimtech.com

Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP10, Sonim XP5plus, Sonim XP3plus, and Sonim XP Pro; Sonim mobile hotspot; industrial-grade accessories. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells wireless carrier channels through distribution channels in North America and Europe.

Sonim Technologies, Inc. Fundamentals Summary

How do Sonim Technologies's earnings and revenue compare to its market cap?
SONM fundamental statistics
Market cap	US$14.32m
Earnings (TTM)	-US$10.35m
Revenue (TTM)	US$69.29m

0.2x

P/S Ratio

-1.4x

P/E Ratio

Is SONM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SONM income statement (TTM)
Revenue	US$69.29m
Cost of Revenue	US$55.91m
Gross Profit	US$13.38m
Other Expenses	US$23.73m
Earnings	-US$10.35m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-2.14
Gross Margin	19.31%
Net Profit Margin	-14.93%
Debt/Equity Ratio	0%

How did SONM perform over the long term?

See historical performance and comparison

SONM Stock Overview

Rewards

Risk Analysis

Sonim Technologies, Inc. Competitors

NasdaqGM:QMCO

US$15.7m

NasdaqCM:SCKT

US$8.8m

OTCPK:QBAK

US$5.6m

OTCPK:BRQS.F

US$5.4m

Price History & Performance

Recent News & Updates

Consensus EPS estimates fall by 48%, revenue upgraded

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Sonim Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $8.943 million.

Lacklustre Performance Is Driving Sonim Technologies, Inc.'s (NASDAQ:SONM) 47% Price Drop

Sonim Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $8.943 million.

Sonim Technologies, Inc. (NASDAQ:SONM) Shares Fly 27% But Investors Aren't Buying For Growth

Recent updates

Consensus EPS estimates fall by 48%, revenue upgraded

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Sonim Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $8.943 million.

Lacklustre Performance Is Driving Sonim Technologies, Inc.'s (NASDAQ:SONM) 47% Price Drop

Sonim Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $8.943 million.

Sonim Technologies, Inc. (NASDAQ:SONM) Shares Fly 27% But Investors Aren't Buying For Growth

New minor risk - Share price stability

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Forecast breakeven date pushed back to 2025

Sonim Technologies, Inc., Annual General Meeting, Jul 17, 2024

Sonim Technologies, Inc. announced that it expects to receive $3.85 million in funding

Price target decreased by 90% to US$2.00

High number of new and inexperienced directors

Sonim Technologies, Inc. (NASDAQ:SONM) Might Not Be As Mispriced As It Looks

Full year 2023 earnings released: US$0.002 loss per share (vs US$0.49 loss in FY 2022)

Forecast to breakeven in 2024

The Nasdaq Stock Market, LLC Grants Sonim Technologies' Request for an Additional 180-Day Period, or Until September 9, 2024 to Evidence Compliance with the Minimum Bid Price Requirement

Sonim Technologies (NASDAQ:SONM) Might Be Having Difficulty Using Its Capital Effectively

Insider exercised options to buy US$92k worth of stock.

New minor risk - Shareholder dilution

Third quarter 2023 earnings released: EPS: US$0.013 (vs US$0.045 loss in 3Q 2022)

Sonim Technologies, Inc. Announces Board Changes

Is Sonim Technologies (NASDAQ:SONM) In A Good Position To Invest In Growth?

Sonim Technologies Receives Non-Compliance Notice from Nasdaq

Take Care Before Diving Into The Deep End On Sonim Technologies, Inc. (NASDAQ:SONM)

High number of new directors

Sonim Technologies, Inc., Annual General Meeting, Sep 28, 2023

Sonim Technologies Appoints Simon Rayne as Senior Vice President and General Manager for UK, EMEA, and APAC

Sonim technologies launches xp5plus rugged device with TELUS

Sonim Technologies, Inc., Annual General Meeting, Oct 26, 2022

Sonim technologies climbs 4.98% on securing $9M tablet purchase order

Sonim Technologies GAAP EPS of -$0.22, revenue of $11.96M

Sonim Technologies, Inc. announced that it has received $17.5 million in funding from AJP Holdings, LLC

Sonim Technologies, Inc. Announces Board Changes

Sonim Technologies Launches New Xp5plus Rugged Device with At&T

Sonim Technologies, Inc. announced that it expects to receive $17.5 million in funding from AJP Holdings, LLC

Sonim Technologies, Inc. Appoints Peter Liu as Chief Executive Officer

Sonim Technologies, Inc. Announces Resignation of Kenny Young as Member of the Board of Directors

Sonim Technologies and Klein Electronics Introduce the Rescue Remote Speaker Microphone

Sonim Announces Reverse Stock Split

Sonim Technologies, Inc. Launches New Xp3plus Ultra-Rugged Flip Phone

Sonim Technologies Introduces Waterproof Headsets and Rsms with 3 Year Comprehensive Warranty from Klein Electronics

Second quarter 2021 earnings released: US$0.10 loss per share (vs US$0.22 loss in 2Q 2020)

We're Keeping An Eye On Sonim Technologies' (NASDAQ:SONM) Cash Burn Rate

Sonim Introduces the RT80 Rugged Tablet

Sonim Technologies's XP8 Android Handset Now Supported by Mission-Critical Standards-Based FirstNet® Push-to-Talk Solution from At&T

Sonim names Robert Tirva as president and chief operating officer

Consensus EPS estimates fall to -US$0.40

First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.48 loss in 1Q 2020)

Sonim Technologies, Inc.'s (NASDAQ:SONM) Profit Outlook

Sonim Technologies, Inc. Announces the Commercial Availability of Its RS60 SmartScanner Handheld in North America and Europe

Sonim Technologies Receives Deficiency Letter from Nasdaq

Sonim Technologies, Inc. Introduces Stone Mountain Remote Speaker Microphones with DSP Noise Cancellation and PTT-over-Cellular Solution

Insider recently sold US$464k worth of stock

Full year 2020 earnings released: US$0.65 loss per share (vs US$1.39 loss in FY 2019)

Revenue beats expectations, earnings disappoint

Sonim Technologies, Inc. to Report Q4, 2020 Results on Mar 10, 2021

Reflecting on Sonim Technologies' (NASDAQ:SONM) Share Price Returns Over The Last Year

Sonim Technologies, Inc. and Energy Electronics, LLC Announce New Distribution Agreement in North America