Sonim Technologies Inc Stock Price, News & Analysis

Sonim Technologies (NASDAQ:SONM) will present at the virtual Fall Investor Summit from November 16-18, 2020. The summit features 75 companies and over 300 investors, aiming to connect smallcap and microcap firms with potential investors.

Sonim is a leading provider of rugged mobile solutions for task workers, enhancing productivity and safety in mission-critical environments. Their product offerings include ultra-rugged phones, industrial-grade accessories, and workflow applications. For more details, visit www.sonimtech.com.

Sonim Technologies (NASDAQ: SONM) announced the launch of the RS60 and RS80 rugged SmartScanner devices designed for industrial, field service, and public safety workers. These devices promise to lower total cost of ownership while enhancing barcode scanning efficiency. The RS60 is a six-inch handheld scanner, while the RS80 is an eight-inch tablet with camera features. Key specifications include Android 10, 30 scans per second, 4G LTE connectivity, and a robust two-year warranty. Both devices will be available through distributors in North America, the UK, Europe, and Australia starting early 2021.

Sonim Technologies reported its Q3 2020 financial results, revealing net revenues of $14.4 million, down from $28.9 million year-over-year. Gross margin improved to 30.6% due to reduced discounts and a leaner operating model, with a net loss of $6.5 million, narrowing from $6.8 million in Q3 2019. The company ended the quarter with $31.7 million in cash and no long-term debt. Sonim announced plans to launch its SmartScanner platform and feature phones in 2021, targeting a $2 billion global market opportunity.

Sonim Technologies, Inc. (Nasdaq: SONM), a provider of ultra-rugged mobility solutions, will announce its third-quarter financial results on November 11, 2020. The results will be released before the market opens, followed by a conference call at 1:30 PM PT/4:30 PM ET. Interested parties can listen by dialing +1-412-317-6060 or via a live webcast on Sonim's website. A replay will be available post-call for 14 days. The release emphasizes Sonim's commitment to providing reliable solutions for task workers.

On October 15, 2020, Sonim Technologies (Nasdaq: SONM) announced its XP8 Android ultra-rugged smartphone is approved for Verizon's Push-to-Talk Responder solution, enhancing communications for first responders. The XP8 features a dedicated PTT button, emergency alert functionality, and ultra-loud speakers. This partnership aims to improve public safety communications through interoperable voice capabilities with LMR radios via Mutualink technology. Sonim's focus on rugged mobile solutions is designed to increase productivity and safety in mission-critical roles.

Sonim Technologies (Nasdaq: SONM) has launched Sonim SOS, a new safety app integrated into its SonimWare Enterprise Mobility Software. Tailored for rugged devices like the XP3, XP5s, and XP8, this free app offers customizable safety features for field workers including first responders and construction staff. Key functionalities include automatic emergency calls to 911, location sharing with emergency contacts, and distress alerts. Sonim SOS seeks to enhance worker safety in demanding environments, reflecting the company's commitment to providing robust mobility solutions.

Sonim Technologies has announced a partnership with Capestone, a distributor of explosion-proof devices in the Netherlands and Germany. This alliance aims to enhance the distribution of Sonim's ultra-rugged mobility solutions across Europe. Capestone is positioned to leverage its comprehensive portfolio and market knowledge to serve government agencies and enterprises, providing them with durable mobile devices backed by one of the best warranties in the industry. Sonim's devices adhere to stringent Rugged Performance Standards, developed from over 10 years of customer feedback.

On September 28, 2020, Sonim Technologies (Nasdaq: SONM) announced the departures of directors Maurice Hochschild and Jeffrey Johnson from its Board of Directors. Consequently, the board size has been reduced from seven to five members, with no replacements for the departing directors. Hochschild will focus on a new startup in the UK, while Johnson will assist in business development. Directors Sue Swenson and Kenny Young will oversee governance responsibilities. The company continues to pursue growth in rugged mobile device markets for public safety.

Sonim Technologies (Nasdaq: SONM) has partnered with goTenna to enhance connectivity for the Sonim XP8 ultra-rugged smartphone in off-network situations. The collaboration integrates goTenna's mesh networking protocol with the Sonim XP8, allowing reliable communication in challenging environments, even without cellular or Wi-Fi connections. The goTenna Pro and Pro X radio devices, compatible with XP8, provide long-range connectivity and real-time situational awareness for first responders and industrial workers. Feedback from field trials indicates positive reception of this solution.