# Sonim Technologies Inc. (SONM)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $1M  
**Price:** $4.86 (+1.25%)

> Sonim Technologies Inc. is a provider of ruggedized mobile phones, accessories, and connected solutions designed for task workers in demanding environments. The company specializes in ultra-rugged devices such as the Sonim XP10, XP5plus, XP3plus, XP Pro 5G smartphones, and XP3plus 5G flip phones, along with mobile hotspots like the H100 and H700, and fixed wireless access products. These offerings include industrial-grade accessories like remote speaker microphones, charging solutions, and in-vehicle hands-free systems, as well as cloud-based software for enhanced productivity. Sonim Technologies Inc. serves sectors including first responders, military, government, construction, manufacturing, transportation, logistics, energy, utilities, hospitality, and facilities management, operating in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America, and Australia/New Zealand. Products are distributed through wireless carriers and channels, emphasizing durability, reliability, and mission-critical performance in extreme conditions. Founded in 1999 and headquartered in San Diego, California, Sonim Technologies Inc. focuses on enterprise 5G solutions and distraction-free communications for high-stakes professional use.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2024 | $51M | $10M | -$3M | -$34M | — |
| 2023 | $94M | $19M | $513,000 | -$90,000 | — |
| 2022 | $70M | $12M | -$14M | -$14M | — |
| 2021 | $55M | $6M | -$38M | -$39M | — |
| 2020 | $64M | $15M | -$29M | -$30M | — |
| 2019 | $116M | $35M | -$22M | -$26M | — |
| 2018 | $136M | $48M | $5M | $1M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2024 | $40M | $45M | -$6M | $5M | — |
| 2023 | $56M | $34M | $22M | $9M | — |
| 2022 | $54M | $34M | $20M | $13M | — |
| 2021 | $41M | $22M | $19M | $11M | $66,000 |
| 2020 | $50M | $22M | $28M | $22M | $362,000 |
| 2019 | $55M | $30M | $26M | $11M | $10M |
| 2018 | $67M | $62M | $5M | $13M | $14M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$24M | — | — |
| 2024 | -$8M | $214,000 | -$9M |
| 2023 | -$4M | $36,000 | -$4M |
| 2022 | -$12M | $8,000 | -$12M |
| 2021 | -$38M | $46,000 | -$39M |
| 2020 | -$11M | $11,000 | -$11M |
| 2019 | -$34M | $992,000 | -$35M |
| 2018 | $4M | $787,000 | $3M |

Source: [CompaniesByCap](https://companiesbycap.com/company/SONM)