The Most Rugged, Feature-Rich Smartphone in Its Class; FirstNet Ready(R), the XP Pro is Purpose-Built for Enterprise and First Responder Use Cases Superior Ruggedness Engineered to excel in demanding conditions and backed by a 3-year warranty, the XP Pro features certifications for IPX9K water resistance and MIL-STD-810H durability standards, in addition to non- incendive Class I, II, III, Division 2 ratings that further guarantee safety, making it indispensable in hazardous areas across industries such as ...

Sonim Technologies Signs Letter of Intent to Sell Substantially All Assets to Social MobileJune 02, 2025 8:30 AM EDT | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - June 2, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced the signing of a Letter of Intent (LOI) with Social Mobile®, a leading provider of enterprise mobility solutions. Pursuant to the LOI, Social Mobile and Sonim intend to enter into a defi ...

Financial Performance - Net revenues for Q1 2025 were $16,721,000, a 83.5% increase from $9,118,000 in Q1 2024[18] - Gross profit for Q1 2025 was $8,356,000, compared to $2,902,000 in Q1 2024, reflecting a significant improvement[18] - The company reported a net income of $458,000 in Q1 2025, a turnaround from a net loss of $2,906,000 in Q1 2024[18] - Net income for the three months ended March 31, 2025, was $458,000, a significant improvement from a net loss of $2,906,000 in the same period of 2024[24] - For the three months ended March 31, 2025, total net revenues were $16,721 million, a slight decrease from $16,776 million in the same period of 2024[48] - Total revenues for the three months ended March 31, 2025, were $16,721,000, a slight decrease from $16,776,000 in the prior year[100] Expenses and Liabilities - Operating expenses increased to $7,711,000 in Q1 2025 from $5,591,000 in Q1 2024, driven by higher research and development and sales and marketing costs[18] - Cash flows from operating activities resulted in a net cash used of $9,606,000 for Q1 2025, compared to only $168,000 for Q1 2024[24] - Cash and cash equivalents decreased to $2,115,000 as of March 31, 2025, down from $5,343,000 at December 31, 2024[16] - Total current liabilities decreased to $34,677,000 as of March 31, 2025, compared to $43,740,000 at December 31, 2024[16] Assets and Equity - Total assets decreased to $35,958,000 as of March 31, 2025, down from $39,739,000 at December 31, 2024[16] - The company’s accumulated deficit improved to $(283,150,000) as of March 31, 2025, from $(283,608,000) at December 31, 2024[16] - The weighted-average shares used in computing net income per share increased to 5,839,764 in Q1 2025 from 4,438,131 in Q1 2024[18] Product Development and Strategy - The company emphasized the importance of developing next-generation products to meet user needs effectively, which is critical for future growth[12] - A strategic expansion initiative is underway, focusing on new product categories and geographical reach, targeting enterprise and small to medium business segments[27] - The company launched several new products in the first quarter of 2025, including the XP Pro 5G and H500 5G, both certified by Verizon Frontline[28] - The company emphasizes a strong execution strategy in its market expansion efforts, highlighting the introduction of rugged smartphones and connected solutions[27] Revenue Sources - Smartphone sales accounted for $11,032 million, significantly up from $5,580 million year-over-year, while feature phone sales increased to $4,810 million from $3,348 million[48] - A significant revenue driver in Q1 2024 was low-priced products developed under the ODM model, which concluded due to the end of their life cycle[29] - One customer accounted for 60% of total net revenues for the three months ended March 31, 2025[102] Receivables and Financing - As of March 31, 2025, net accounts receivable was $4,849 million, an increase from $4,339 million as of December 31, 2024[53] - The Company has non-trade receivables from manufacturing vendors, with one customer accounting for 23% of accounts receivable as of March 31, 2025[55] - The Receivables Financing Agreement allows the Company to factor receivables up to $2,500 million, with an advance rate of 80%[59] Stock and Compensation - The Company executed a 1-for-10 reverse stock split on July 17, 2024, which did not affect the overall stockholder equity but increased net income per share due to fewer shares outstanding[30][32] - Stock-based compensation expense for the three months ended March 31, 2025, was $290,000, down from $324,000 in the same period of 2024[78] - The Company had approximately $1,262,000 of unamortized stock-based compensation cost related to unvested stock options as of March 31, 2025[80] - The compensation committee approved the acceleration of vesting for 733,157 RSUs as of April 17, 2025[104] Tax and Legal Matters - The effective income tax rate for the three months ended March 31, 2025, was 22.4%, compared to a negative 4.5% for the same period in 2024[83] - The Company is involved in ongoing tax examinations with a gross amount of unrecognized tax benefits of approximately $1,506,000 as of March 31, 2025[85] Inventory and Purchases - The Company’s inventory decreased to $8,620 million as of March 31, 2025, down from $10,621 million at the end of 2024[57] - Inventory in the United States was $3,467 million and in the Asia Pacific region was $5,153 million as of March 31, 2025[102] - The aggregate amount of noncancelable purchase orders as of March 31, 2025, was approximately $17,057,000, an increase from $15,753,000 as of December 31, 2024[86] Capital and Financing Activities - Subsequent to March 31, 2025, the company raised net proceeds of $4,497,000 through its At-The-Market stock sales program, enhancing liquidity[34] - The Company sold 1,349,840 shares of common stock under the Sales Agreement for net proceeds of $3,731,000 after commission fees and expenses[77] - A total of 2,130,437 shares of common stock were sold for net proceeds of $4,497 million after expenses[103] - The Company issued a promissory note with a principal amount of $3,300 million, carrying an effective interest rate of 24.5%[73] - The Company incurred total interest expense of $71 million related to the promissory note for the three months ended March 31, 2025[73] Shareholder Rights and Dividends - A dividend of one preferred share purchase right was declared for each outstanding share of common stock[105] - Each Right allows the purchase of one one-thousandth of a share of Series A Junior Participating Preferred Stock for $4.00[106] - The Rights become exercisable if a person or group acquires 15.5% or more of the Company's outstanding common stock[106] - The adoption of the shareholder rights plan had no impact on the financial position of the Company to date[107] Company Classification - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[148]

Exhibit 99.1 Sonim Technologies Reports First Quarter 2025 Financial Results San Diego – May 12, 2025 – Sonim Technologies, Inc. (Nasdaq: SONM), a leading provider of rugged mobile solutions, that include ultra-rugged and rugged phones, connected devices, and accessories for users that demand more durability in their lives, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Highlights: ● Introduced XP Pro Thermal 5G smartphone at Mobile World Cong ...

Sonim Technologies Accelerates Expansion Strategy with Strong Momentum in the Second Quarter 2025April 23, 2025 7:30 AM EDT | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - April 23, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading U.S. provider of rugged mobile solutions, today announced significant progress in the execution of its expansion strategy, underscoring the company's commitment to long term growth and operational excellence. The foundation laid t ...

Sonim Technologies Announces Engagement with Shareholder Intelligence Services, LLC to Protect Shareholders and Maximize ValueApril 15, 2025 7:30 AM EDT | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - April 15, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced it has engaged Shareholder Intelligence Services, LLC ("ShareIntel") as part of its ongoing commitment to safeguarding shareholders and driving shar ...

Core Viewpoint - Sonim Technologies, Inc. has received an unsolicited non-binding proposal from Orbic North America, LLC to acquire all outstanding shares for $4.00 per share in cash [1] Group 1: Proposal Details - The proposal from Orbic is for $4.00 per share in cash [1] - Sonim has established a Special Committee of independent directors to review and evaluate the proposal [2] - The Special Committee is committed to a thorough assessment and exploring all strategic alternatives to act in the best interests of shareholders [2] Group 2: Company Commitment - The Sonim Board and management emphasize their commitment to delivering long-term value for shareholders [3] - The company appreciates Orbic's offer and will evaluate the proposal alongside other feasible options [3] - There is no assurance that the evaluation will lead to a transaction, and Sonim will not comment further unless deemed necessary [3] Group 3: Company Overview - Sonim Technologies is a leading provider of rugged mobile solutions, including phones and wireless internet devices, designed for durability [4] - The company has been trusted by first responders, government, and Fortune 500 customers since 1999 [4] - Sonim's products are sold through tier one wireless carriers and distributors across North America, EMEA, and Australia/New Zealand [4]

Financial Results - Sonim Technologies, Inc. announced unaudited preliminary financial results for the fiscal quarter ended December 31, 2024[4]. Company Information - The company is listed on the Nasdaq Stock Market under the trading symbol SONM[2]. - The report was signed by Chief Financial Officer Clay Crolius on January 16, 2025[9].

San Diego, California--(Newsfile Corp. - March 31, 2025) - Sonim Technologies, Inc. (Nasdaq: SONM), a leading provider of rugged mobile solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2024. The company highlighted solid progress in revenue growth fueled by strong adoption of recently launched products and strategic market expansion. "We closed 2024 with significant strides in product innovation and market penetration, particularly within North America ...

AJP Holding Company, LLC Announces Director Candidates for the Board of Sonim Technologies, Inc.AJP Holding Company, LLC Intends to Nominate, on behalf of itself and on behalf of Orbic North America, LLC, 5 Highly Qualified Candidates with Best-in-Class Experience in 4G/5G Connected Devices, Technology, Manufacturing, Hardware, Software, Sales, Strategy, Operations and FinanceMarch 21, 2025 4:13 PM EDT | Source: Orbic North AmericaHauppauge, New York--(Newsfile Corp. - March 21, 2025) - AJP Ho ...