Sonim Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:02 pm EDT
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Sonim Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 26.84 million compared to USD 11.96 million a year ago. Net income was USD 0.509 million compared to net loss of USD 4.23 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.22 a year ago.
For the six months, sales was USD 52.64 million compared to USD 25.21 million a year ago. Net income was USD 0.736 million compared to net loss of USD 11.44 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.6 a year ago.
Sonim Technologies, Inc. provides ultra-rugged, rugged and consumer durable mobile devices, including phones, wireless Internet data devices, tablets and accessories designed to provide extra protection for users. It sells its ruggedized mobility solutions to several of the wireless carriers in the United States, including AT&T, T-Mobile and Verizon and three wireless carriers in Canada-Bell, Rogers and TELUS Mobility. Its ruggedized phones and accessories are sold through distributors in North America and Europe. Its devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. Its solutions include ultra-rugged mobile phones capable of connecting to both public and private wireless networks, industrial-grade accessories that meet specific application requirements and software applications and cloud-based tools that provide management and deployment services to its customers.
SONIM TECHNOLOGIES, INC. 
