Sonim Technologies Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.08-11

Sonim Technologies (NASDAQ:SONM) Second Quarter 2024 Results Key Financial Results Revenue: US$11.5m (down 57% from 2Q 2023). Net loss: US$6.62m (down from US$509.0k profit in 2Q 2023). US$1.41 loss ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 5.5%. Earnings per share  missed analyst estimates by 161%.Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Tech industry in the US.The company's shares are down 12% from a week ago.We should say that we've discovered 5 warning signs for Sonim Technologies (1 is a bit unpleasant!) that you should be aware of before investing here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SONM":"Sonim Technologies Inc"},"translate_title":"Sonim Technologies 2024年第二季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SONM":0.9},"content_text":"Sonim Technologies (NASDAQ:SONM) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$11.5m (down 57% from 2Q 2023).\nNet loss: US$6.62m (down from US$509.0k profit in 2Q 2023).\nUS$1.41 loss per share (down from US$0.12 profit in 2Q 2023).\n\n\n\n\n  NasdaqCM:SONM Earnings and Revenue Growth August 11th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSonim Technologies Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 161%. \n Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Tech industry in the US. \nPerformance of the American Tech industry.\n The company's shares are down 12% from a week ago. \nRisk Analysis\n We should say that we've discovered 5 warning signs for Sonim Technologies (1 is a bit unpleasant!) that you should be aware of before investing here. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2458960116"}