Sonim Technologies (SONM) Stock Price, News & Analysis

Company Overview

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. The company serves transportation and logistics, construction, manufacturing, facilities management, energy and utility, mining, and public safety sectors. The company was formerly known as NaviSpin.com, Inc. and changed its name to Sonim Technologies, Inc. in December 2001. Sonim Technologies, Inc. was incorporated in 1999 and is headquartered in San Diego, California.

Key Stats

• Today's Range: $3.67 to $3.93
• 50-Day Range: $2.40 to $3.88
• 52-Week Range: $2.32 to $10.70
• Volume: 13,208 shs
• Average Volume: 28,358 shs
• Market Capitalization: $171.92 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

SONM Stock Analysis - Frequently Asked Questions

How have SONM shares performed this year?

Sonim Technologies' stock was trading at $7.3490 on January 1st, 2024. Since then, SONM stock has decreased by 49.9% and is now trading at $3.68.
View the best growth stocks for 2024 here.

How were Sonim Technologies' earnings last quarter?

Sonim Technologies, Inc. (NASDAQ:SONM) issued its quarterly earnings data on Friday, August, 9th. The company reported ($1.41) EPS for the quarter, hitting analysts' consensus estimates of ($1.41). The firm had revenue of $11.52 million for the quarter, compared to the consensus estimate of $10.91 million. Sonim Technologies had a negative trailing twelve-month return on equity of 50.00% and a negative net margin of 14.94%.

When did Sonim Technologies' stock split?

Sonim Technologies shares reverse split on Thursday, July 18th 2024. The 1-10 reverse split was announced on Thursday, July 18th 2024. The number of shares owned by shareholders was adjusted after the market closes on Thursday, July 18th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

When did Sonim Technologies IPO?

Sonim Technologies (SONM) raised $50 million in an IPO on Friday, May 10th 2019. The company issued 3,600,000 shares at a price of $13.00-$15.00 per share. Oppenheimer and Lake Street acted as the underwriters for the IPO and National Securities Corporation was co-manager.

How do I buy shares of Sonim Technologies?

Shares of SONM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Sonim Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sonim Technologies investors own include Block (SQ), Digital Turbine (APPS), Palantir Technologies (PLTR), CrowdStrike (CRWD), NVIDIA (NVDA), Canoo (GOEV) and SoFi Technologies (SOFI).

Company Calendar

• Last Earnings: 8/09/2024
• Today: 10/24/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Telephone & telegraph apparatus
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:SONM
• CUSIP: N/A
• CIK: 1178697
• Web: www.sonimtech.com
• Phone: (650) 378-8100
• Fax: N/A
• Employees: 67
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.08)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-90,000.00
• Net Margins: -14.94%
• Pretax Margin: -14.43%
• Return on Equity: -50.00%
• Return on Assets: -20.40%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.21
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $69.29 million
• Price / Sales: 2.48
• Cash Flow: $0.51 per share
• Price / Cash Flow: 7.18
• Book Value: $5.19 per share
• Price / Book: 0.71

Miscellaneous

• Outstanding Shares: 46,718,000
• Free Float: 2,431,000
• Market Cap: $171.92 million
• Optionable: Not Optionable
• Beta: 2.54