Sonim Technologies' Q2 revenue falls 33%

Reuters08-09
Sonim Technologies' <a href="https://laohu8.com/S/QTWO">Q2</a> revenue falls 33%

Overview

  • Sonim Q2 revenue falls 33% sequentially, reflecting absence of one-time boost

  • Net loss for Q2 was $7.5 mln, compared to Q1 net income

Outlook

  • Sonim expects tier-one carrier launches to drive growth in H2 2025

  • Company focuses on leveraging resources for growth and innovation

Result Drivers

  • PRODUCT LAUNCHES - Sonim launched the XP Pro smartphone with AT&T and began shipments of the H500 mobile hotspot to European distributors

  • IMPAIRMENT COSTS - Loss on impairment of contract fulfillment assets related to legacy products impacted financial results

  • LEGAL EXPENSES - Increased legal and professional fees due to contested proxy solicitation contributed to higher operating expenses

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$11.20 mln

Q2 EPS

-$0.79

Q2 Net Income

-$7.50 mln

Q2 Gross Profit

$800,000

Q2 Operating Expenses

$7.60 mln

Press Release: ID:nNFCMt0QZ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment