Sonim Technologies Reports First Quarter Financial Results
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Sonim Technologies (SONM) Misses Q1 EPS by 21c, Revenues Miss
May 14, 2020 4:10 PM EDTSonim Technologies (NASDAQ: SONM) reported Q1 EPS of ($0.48), $0.21 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $12.7 million versus the consensus estimate of $17 million.
First Quarter 2020 Highlights
Net revenues were $12.7 millionGross profit was $2.2 millionGAAP net loss totaled $10.0 million"We are hopeful that the first quarter will be the trough in our on-going transformation of Sonim into a growing rugged mobility business driven by a leaner, lower cost team focused on the path to profitability," said Tom Wilkinson, Chief Executive... More
