Sonim Technologies Inc Stock Price, News & Analysis

Sonim Technologies (Nasdaq: SONM) announced the integration of its ultra-rugged XP8 smartphone with the Walkie Talkie feature in Microsoft Teams, aimed at enhancing communication for frontline workers. This solution allows seamless connectivity over Wi-Fi or cellular data, crucial for various industries. The XP8 features large, tactile push-to-talk buttons and is designed for use in demanding environments. Available for enterprises starting in April, this innovation seeks to improve productivity and efficiency in operations.

Sonim Technologies (Nasdaq: SONM) has announced the launch of its latest XP3plus flip phone, now available at TELUS stores across Canada starting March 11, 2022. The XP3plus, an upgrade from the previous XP3 model, is designed for demanding work environments, featuring a larger display, enhanced battery life, and reliable voice communication. Key features include a durable design meeting military standards, loud audio quality, and compatibility with various industrial-grade accessories. The phone is backed by a 3-year comprehensive warranty.

Sonim Technologies (Nasdaq: SONM) has launched unlocked versions of its XP3plus flip phone globally, enhancing accessibility for users seeking reliable voice communications. Available in North America and Europe/Rest-of-world, the XP3plus features improved durability, a larger display, additional programmable buttons, and a battery designed for extended use. Adhering to Sonim's Rugged Performance Standards, it withstands drops and water exposure while providing superior audio quality. Available through various distribution partners, this launch aims to meet the needs of users in demanding environments.

Sonim Technologies (Nasdaq: SONM) has partnered with AdvanceTec Industries to launch a range of U.S.-made accessories for its rugged XP3plus phone. These accessories include handsfree kits, multi-bay chargers, and remote speaker microphones, manufactured at AdvanceTec's Miami facility. This collaboration aims to enhance rugged mobility solutions and meets increasing demand for seamless communication in critical work environments. AdvanceTec's efficient supply chain management has minimized delays, ensuring timely delivery of essential products to Sonim clients.

Sonim Technologies (NASDAQ: SONM) has secured design win awards from two Canadian carriers for its upcoming rugged 5G smartphone and PTT-focused feature phone. The smartphone, set for release in Q3 2022, showcases military-grade durability and integrated Push-to-Talk (PTT) capabilities. Following similar awards from U.S. carriers, Sonim emphasizes its strong market presence in Canada. Key features include a dedicated PTT button, emergency alert options, ultra-loud speakers, and 5G support. CEO John Graff highlighted the positive reception of their new product lineup.

Sonim Technologies (Nasdaq: SONM) has launched the Klein RESCUE waterproof Remote Speaker Microphone (RSM), set to be available in Q1 2022. This RSM is designed for public safety and industrial workers, featuring IP-67 waterproof standards, a large Push-to-Talk button, and a programmable emergency button linked to Sonim rugged phones. It comes with a three-year warranty and aims to enhance communication and safety for first responders. Sonim emphasizes its integrated solutions with Klein, aiming to address the rugged audio accessory needs in the industry.

Sonim Technologies (Nasdaq: SONM) reported Q3 2021 financial results, achieving $14.4 million in net revenues, a 20% increase from the previous quarter. However, the company posted a net loss of $10.9 million, up from $6.7 million. Gross profit decreased to 12.4%, impacted by product mix and supply chain costs. Sonim launched the XP3plus device with major carriers and plans additional rugged phones for 2022. The company ended Q3 with $10.2 million in cash and raised $10.4 million through equity offerings.

Sonim Technologies (Nasdaq: SONM) announces the launch of its XP3plus rugged mobile device in T-Mobile stores across the U.S. This device features a larger display, enhanced productivity buttons, and a powerful battery for users in demanding environments. The XP3plus is designed for sectors like construction and first responders, with industry-grade accessories available. Additionally, it comes with a 3-year warranty, reducing total ownership costs. The move aims to improve accessibility for businesses and consumers seeking reliable mobile solutions.

Sonim Technologies (NASDAQ: SONM) convened and adjourned its 2021 Annual Meeting of Stockholders on October 26, 2021, without conducting business due to lack of quorum. Fewer than a majority of outstanding shares were represented at the meeting. The meeting has been rescheduled to November 12, 2021, at 9:00 a.m. Pacific Time, to allow more time for stockholders to vote on proposals detailed in the company's proxy statement. Currently, approximately 38% of shares entitled to vote were represented by proxies, with stockholders encouraged to cast votes before November 11, 2021.