Mobile solutions provider Sonim's Q3 revenue up 45% on new products demand

Reuters10-31

Mobile solutions provider Sonim's Q3 revenue up 45% on new products demand

Overview

Sonim Q3 2025 revenue rose 45% sequentially, driven by new product demand
Net loss narrowed to $4.8 mln as operating expenses declined
Stockholders approved reverse stock split and asset sale agreement

Outlook

Sonim expects asset sale to NEXA Mobility to close in Q4 2025
Company focuses on strategic opportunities to monetize Nasdaq listing
Sonim aims to regain Nasdaq compliance with reverse stock split

Result Drivers

NEW PRODUCT DEMAND - Revenue growth driven by demand for new product portfolio, including MegaConnect HPUE mobile hotspot
OPERATING EXPENSES - Net loss narrowed due to reduced operating expenses and improved sales
STRATEGIC INITIATIVES - One-time expenses related to strategic initiatives and potential hostile takeover impacted costs

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$16.20 mln
Q3 Net Income		-$4.80 mln
Q3 Gross Profit		$1.80 mln
Q3 Operating Expenses		$5.80 mln

Press Release: ID:nNFC1S1DY7

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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