Sonim Technologies Third Quarter 2024 Earnings: Beats Expectations

Sonim Technologies (NASDAQ:SONM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$15.0m (down 46% from 3Q 2023).
• Net loss: US$2.51m (down from US$527.0k profit in 3Q 2023).
• US$0.52 loss per share (down from US$0.13 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sonim Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Sonim Technologies.

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