Sonim Technologies Inc Stock Price, News & Analysis

On June 30, 2021, Sonim Technologies (Nasdaq: SONM) launched the RT80, a rugged tablet tailored for industrial, field service, and public safety workers. The RT80 features an 8-inch glove-friendly, sunlight-readable display and a high-capacity battery for extended multi-shift use. Key specs include Android 10, 4G LTE connectivity, and a robust 2-year warranty. The device, designed for demanding environments, is waterproof, dustproof, and chemical resistant. It is available in North America, the UK, and Europe through Sonim's distribution network.

Sonim Technologies (NASDAQ: SONM) has secured design win awards from a major U.S. carrier for two new ultra-rugged phones expected in 2022. The awards were based on Sonim's design specifications and cost proposals during an RFP process. The new products include an upgraded feature phone with enhanced PTT capabilities and a 5G smartphone. This adds to Sonim's portfolio, which has already received design wins from the three largest U.S. carriers. Key features will include a dedicated PTT button, emergency alert capabilities, ultra-loud speakers, and support for 5G and FirstNet networks.

Sonim Technologies (Nasdaq: SONM) has announced that its XP8 ultra-rugged Android handset is now approved for FirstNet Push-to-Talk (PTT) solution, enhancing communication capabilities for first responders. The XP8 features a dedicated OneTouch PTT button, ultra-loud speakers, and specialized accessories, ensuring reliable communication in critical situations. FirstNet PTT provides users with priority and preemption capabilities, designed specifically for public safety. This partnership with AT&T marks a significant upgrade for mission-critical communications.

Sonim Technologies (Nasdaq: SONM) announced the promotion of Robert Tirva to President and Chief Operating Officer, effective immediately. Tirva, previously Chief Financial Officer, will report to the Board of Directors. Additionally, Tom Wilkinson, who served as CEO since October 2019, will depart from the company. The Strategic Alternatives and Operating Committee, chaired by Mike Mulica, aims to enhance customer support and maximize long-term shareholder value. This leadership change is expected to leverage experience in the communications industry and improve market positioning.

Sonim Technologies (Nasdaq: SONM) announced a partnership with Business Mobility Partners (BMP), a T-Mobile Authorized Distributor, on May 12, 2021. This collaboration aims to provide ruggedized devices for T-Mobile business and government clients across multiple sectors, including transportation and healthcare. Sonim's devices meet strict durability standards and can be sanitized for COVID-19 safety. BMP's expertise as T-Mobile's largest distributor allows for customized solutions for demanding work environments, boosting productivity and communication.

Sonim Technologies (NASDAQ: SONM) reported first-quarter 2021 results with net revenues of $12.2 million, slightly down from $12.7 million a year earlier. Gross profit rose 14% to $2.5 million, reflecting a gross margin of 20.1%. However, the company experienced a net loss of $9.3 million, or $0.14 per share, an improvement compared to a net loss of $10 million in Q1 2020. Sonim plans to expand into the rugged handheld market to tap into a $2 billion global opportunity. Legal expenses related to an ongoing SEC investigation impacted operating expenses, which totaled $11.5 million.

Sonim Technologies, Inc. (Nasdaq: SONM) announced it will release its financial results for the first quarter of 2021 after market close on May 11, 2021. A conference call will take place at 1:30pm PT/4:30pm ET that same day, allowing interested parties to listen via phone or a live webcast. Additionally, Sonim will participate in the Oppenheimer Emerging Growth Conference on May 12, 2021, where management will hold investor meetings. The company offers ultra-rugged mobility solutions tailored for task workers in demanding environments.

Sonim Technologies (Nasdaq: SONM) has launched the RS60 SmartScanner handheld, now available in North America and Europe. This rugged Android device is designed for efficiency in warehouses, manufacturing, and logistics, featuring a durable build that enhances productivity. Key specifications include an 8000mAh battery, integrated barcode scanner, and compatibility with SonimWare software. The RS60 aims to reduce total cost of ownership (TCO) and is backed by a comprehensive 2-year warranty. Distribution partners include SYNNEX and Capestone.

Sonim Technologies (Nasdaq: SONM) has announced the appointment of Mike Mulica and Ken Naumann as independent directors, expanding its Board to seven members. Mulica brings over 30 years of experience in mobile communications and technology, while Naumann has 25 years in executive roles at technology firms. Their appointments are seen as a strategic move to enhance Sonim's leadership, driving the company's transformation and expanding into new markets with rugged mobility solutions designed for task workers.