San Diego, California--(Newsfile Corp. - January 27, 2026) - Sonim Technologies (NASDAQ: SONM) announced today that it is being renamed DNA X, Inc. concurrent with the previously announced asset sale to NEXA® (formerly Social Mobile).The proceeds generated from this transaction are anticipated to fund debt retirement and provide working capital for the company's digital asset management operations.Going forward, DNA X, Inc. will operate DNA X, the digital asset trading platform that Sonim acquired in Decem ...

Core Viewpoint - Sonim Technologies has received stockholder approval for the Asset Purchase Agreement with NEXA, allowing the company to sell its rugged mobile phone and hotspot business, with the transaction expected to close in January 2026 [1][2][9] Group 1: Transaction Details - The sale involves substantially all assets related to Sonim's rugged mobile phone and hotspot business, with proceeds intended for debt retirement and working capital for the company's cryptocurrency trading platform [2][4] - NEXA will acquire Sonim's brand and rugged device portfolio, continuing to manufacture and sell Sonim-branded products as part of its enterprise mobility solutions [3][9] Group 2: Strategic Shift - Following the asset sale, Sonim will rebrand and focus on its newly acquired crypto trading platform, DNA X, which operates a decentralized finance protocol [4][5] - The company plans to change its name to "DNA X, Inc." and will begin trading under a new Nasdaq ticker symbol "DNAX" within 30 days after the sale's completion [4][9] Group 3: Leadership Perspective - Mike Mulica, Executive Chair of Sonim Technologies, emphasized that this transaction marks a significant turning point for the company, allowing it to focus on scaling the DNA X platform while leaving the rugged mobility business to NEXA [5]

Core Viewpoint - Sonim Technologies has filed a preliminary proxy statement with the SEC for a special meeting of stockholders to vote on the proposed sale of substantially all of its assets to NEXA Mobility for a total consideration of $15 million, plus a potential $5 million earn-out in an all-cash transaction [1][2][3] Group 1: Asset Purchase Agreement - The asset purchase agreement was entered into on July 17, 2025, under which NEXA will acquire Sonim's assets and assume its current liabilities for a total consideration of $15 million, with an additional potential earn-out of $5 million [2] - The transaction is expected to close as soon as practicable after the special meeting, pending customary closing conditions [3] Group 2: Special Stockholders' Meeting - The special meeting will allow stockholders to vote on the proposed asset sale, with details to be provided in definitive proxy materials to be filed with the SEC [3] - Sonim is also pursuing a separate transaction involving its public company vehicle, which is intended to increase value for stockholders, independent of the asset sale [4] Group 3: Company Overview - Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones and wireless internet data devices, designed for users requiring durability in their work and everyday lives [5] - The company has been trusted by first responders, government, and Fortune 500 customers since 1999, selling its solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand [5]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Mobile-Network Solutions (MNDR) is up 96% at $3.26 - PACS Group, Inc. (PACS) is up 44% at $24.37 - Cerence Inc. (CRNC) is up 28% at $10.16 - Magnera Corporation (MAGN) is up 26% at $10.07 - Oddity Tech Ltd. (ODD) is up 17% at $43.75 - Allot Ltd. (ALLT) is up 14% at $9.80 - Artiva Biotherapeutics, Inc. (ARTV) is up 14% at $3.88 - Kulicke and Soffa Industries, Inc. (KLIC) is up 13% at $40.22 - Fossil Group, Inc. (FOSL) is up 12% at $2.29 - NVIDIA Corporation (NVDA) is up 5% at $195.84 [3] Premarket Losers - Brera Holdings PLC (SLMT) is down 33% at $3.84 - Bath & Body Works, Inc. (BBWI) is down 14% at $18.04 - Cemtrex, Inc. (CETX) is down 11% at $3.20 - Atkore Inc. (ATKR) is down 9% at $60.00 - Gloo Holdings, Inc. (GLOO) is down 9% at $7.30 - SMX (Security Matters) Public Limited Company (SMX) is down 9% at $4.60 - Sonim Technologies, Inc. (SONM) is down 8% at $7.31 - Psyence Biomedical Ltd. (PBM) is down 7% at $2.56 - MMTec, Inc. (MTC) is down 6% at $2.00 - Ridgetech, Inc. (RDGT) is down 5% at $4.78 [4]

Financial Performance - Total net revenues for Q3 2025 were $16,214,000, a 7.96% increase from $15,022,000 in Q3 2024[19] - Gross profit for Q3 2025 was $1,816,000, compared to $4,232,000 in Q3 2024, indicating a decline in profitability[19] - The net loss for Q3 2025 was $4,753,000, compared to a net loss of $2,512,000 in Q3 2024, representing a 88.93% increase in losses[19] - As of September 30, 2025, Sonim Technologies reported a net loss of $4,753,000, compared to a net loss of $2,512,000 for the same period in 2024, indicating a worsening financial performance[22] - The total stockholders' equity decreased to $(701,000) as of September 30, 2025, down from $15,349,000 a year earlier, reflecting a significant decline in the company's financial health[22] - For the nine months ended September 30, 2025, net cash used in operating activities was $(21,522,000), a substantial increase from $(3,977,000) in the same period of 2024, highlighting increased cash burn[25] - The net loss for the nine months ended September 30, 2025, was $11,770, compared to a net loss of $12,034 for the same period in 2024, indicating a decrease of approximately 2.2%[136] Expenses and Costs - Operating expenses for Q3 2025 totaled $5,796,000, down from $6,608,000 in Q3 2024, reflecting a 12.24% reduction[19] - Research and development expenses for Q3 2025 were $181,000, a decrease from $715,000 in Q3 2024[19] - Stock-based compensation increased to $1,382,000 for the nine months ended September 30, 2025, compared to $1,169,000 for the same period in 2024, reflecting higher compensation expenses[25] - Sales and marketing expenses for the three months ended September 30, 2025, were $2,452 million, a decrease from $3,045 million in 2024, indicating a reduction of 19.5%[141] - Cost of sales for the three months ended September 30, 2025, was $11,857 million, up from $9,101 million in 2024, reflecting a significant increase of 30.43%[141] Revenue Sources - Smartphones generated $8,108 million in revenue for the three months ended September 30, 2025, compared to $7,957 million in the same period of 2024, reflecting a 1.89% increase[66] - Connected Solutions revenue surged to $4,000 million for the three months ended September 30, 2025, compared to only $49 million in the same period of 2024[66] - Revenue from Customer A accounted for 31% of net revenues for the three months ended September 30, 2025, down from 37% in 2024, while Customer B accounted for 20%, up from 16%[144] Assets and Liabilities - Cash and cash equivalents decreased to $2,137,000 as of September 30, 2025, from $5,343,000 at December 31, 2024[16] - Total current liabilities decreased to $38,856,000 from $43,740,000, a reduction of 11.67%[16] - The accumulated deficit increased to $295,378,000 as of September 30, 2025, compared to $283,608,000 at December 31, 2024[16] - Accounts receivable, net, was $3,498 million, down from $4,339 million as of December 31, 2024[71] - Inventory in the United States was $2,083 million as of September 30, 2025, down from $3,383 million as of December 31, 2024[143] Strategic Initiatives - The company launched several new products in 2024, including the Sonim H500-series 5G mobile hotspots and the XP Pro 5G rugged smartphone, expanding its product portfolio[28] - Sonim Technologies is executing a strategic expansion initiative to broaden its market reach, focusing on new products and customer segments, including enterprise and small to medium businesses[27] - The company entered into an asset purchase agreement on July 17, 2025, to sell its enterprise 5G solutions business for a purchase price of $15,000,000, with potential earn-out payments of up to $5,000,000[32] Risks and Concerns - The company reported a significant reliance on a small number of customers for a substantial portion of its revenue, indicating potential risks[14] - The company faces risks related to the impact of various economic, political, and market events that could affect its operations and financial results[14] - There is substantial doubt about the Company's ability to meet obligations within one year after the financial statements are issued due to uncertainties surrounding the asset sale[49] - The Company anticipates closing the Asset Purchase Agreement in late 2025 or early 2026, raising concerns about its ability to continue as a going concern post-transaction[49] Accounting and Compliance - The Company is evaluating the impact of new accounting pronouncements on its financial statements, including ASU 2023-09 effective for the annual period ending December 31, 2025[59] - The Company has entered into related party transactions, including agreements for manufacturing parts and components, totaling approximately $1,000[56] - The Company is subject to ongoing tax examinations with unrecognized tax benefits amounting to approximately $1,507 as of September 30, 2025[127]

Financial Performance - Revenue for Q3 2025 was $16.2 million, a 45% increase sequentially from $11.2 million in Q2 2025[3] - Net loss narrowed to $4.8 million in Q3 2025, improving from a net loss of $7.5 million in Q2 2025[3] - Adjusted EBITDA for Q3 2025 was negative $2.0 million, an improvement from negative $3.2 million in Q2 2025[3] - Total net revenues for Q3 2025 reached $16,214 million, a 7.98% increase from $15,022 million in Q3 2024[21] - Net loss for Q3 2025 was $(4,753) million, compared to a net loss of $(2,512) million in Q3 2024, indicating worsening financial performance[21] - Adjusted EBITDA for Q3 2025 was $(2,009) million, an improvement from $(3,151) million in Q2 2025[26] - Interest expense for Q3 2025 was $(522) million, compared to no interest expense in Q3 2024, indicating increased financial costs[21] Operating Expenses - Operating expenses decreased to $5.8 million in Q3 2025, down from $7.6 million in Q2 2025, primarily due to reduced sales and marketing costs[12] - Operating expenses totaled $5,796 million in Q3 2025, a decrease from $6,608 million in Q3 2024[21] - Total operating expenses for the nine months ended September 30, 2025, were $21,084 million, slightly down from $21,638 million in the same period of 2024[21] - Research and development expenses were $181 million in Q3 2025, compared to $715 million in Q3 2024, reflecting a reduction in investment in innovation[21] Profitability - Gross profit for Q3 2025 was $1.8 million, representing 11% of revenues, compared to 8% in Q2 2025[11] - Gross profit for Q3 2025 was $1,816 million, down from $4,232 million in Q3 2024, indicating a significant decline in profitability[21] Cash and Assets - As of September 30, 2025, Sonim had $2.1 million in cash, $3.5 million in trade accounts receivable, and $11.0 million in inventory[14] - Sonim received net proceeds of approximately $4.8 million from equity offerings during Q3 2025, used for one-time expenses and new product launches[4] Corporate Actions - The company launched the MegaConnect HPUE mobile hotspot and several new products with major carriers, including AT&T and T-Mobile[9] - The company is in the process of selling its assets to NEXA Mobility for $15.0 million in cash, with an additional earn-out payment of up to $5.0 million[9] - Stockholders approved a reverse stock split at a ratio of 1-for-18, effective October 27, 2025, to regain compliance with Nasdaq listing requirements[9] Performance Metrics - The company emphasized the importance of Adjusted EBITDA as a measure of operating performance, excluding non-cash and non-recurring items[24] - The company reported a weighted-average of 984,927 shares used in computing net loss per share for Q3 2025[21]

Core Insights - Sonim Technologies reported a 45% sequential increase in revenue for Q3 2025, reaching $16.2 million, driven by demand for its new product portfolio and the successful launch of the MegaConnect HPUE mobile hotspot [1][6][8] - The company narrowed its net loss to $4.8 million in Q3 2025, an improvement from a net loss of $7.5 million in Q2 2025, attributed to reduced operating expenses and improved sales [1][11] - Strategic initiatives approved by stockholders included a reverse stock split and an increase in authorized shares to 1 billion, aimed at enhancing future capital transaction flexibility [7][8] Financial Highlights - Net revenue for Q3 2025 was $16.2 million, up from $11.2 million in Q2 2025, reflecting strong demand for the Sonim XP Pro and XP Pro Thermal products [6][8] - Gross profit for Q3 2025 was $1.8 million, representing 11% of revenues, compared to $0.8 million or 8% of revenues in Q2 2025 [9] - Operating expenses decreased to $5.8 million in Q3 2025 from $7.6 million in Q2 2025, primarily due to reduced sales and marketing costs [10] Business Developments - The successful launch of the MegaConnect HPUE mobile hotspot with AT&T and FirstNet marked a significant achievement for the company [2][6] - Sonim entered into a definitive agreement with NEXA Mobility to sell substantially all of its assets for $15 million in cash, with an additional potential earn-out of $5 million [6][8] - Stockholders elected five director nominees to the Board of Directors, indicating a commitment to governance and strategic oversight [6][8] Balance Sheet and Capital Management - As of September 30, 2025, Sonim had $2.1 million in cash, $3.5 million in trade accounts receivable, and $11.0 million in inventory [12][16] - The company raised approximately $4.8 million from equity offerings during the quarter, which was utilized for one-time expenses and financing new product launches [6][12] - A reverse stock split at a ratio of 1-for-18 was approved to help regain compliance with Nasdaq listing requirements [7][8]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Cambium Networks Corporation (CMBM) has seen a remarkable increase of 306%, trading at $2.51 [3] - Teradyne, Inc. (TER) is up 21%, currently priced at $176.00 [3] - Bloom Energy Corporation (BE) has risen by 18%, trading at $134.50 [3] - Jamf Holding Corp. (JAMF) is up 15%, with a price of $12.85 [3] - CSG Systems International, Inc. (CSGS) has increased by 14%, trading at $79.00 [3] - Olympic Steel, Inc. (ZEUS) is also up 14%, currently priced at $34.20 [3] - Beta Bionics, Inc. (BBNX) has risen by 12%, trading at $27.20 [3] - Sonim Technologies, Inc. (SONM) is up 10%, currently priced at $12.49 [3] - Canadian Solar Inc. (CSIQ) has increased by 9%, trading at $16.67 [3] - Interlink Electronics, Inc. (LINK) is also up 9%, currently priced at $6.85 [3] Premarket Losers - Stride, Inc. (LRN) has experienced a significant decline of 41%, trading at $89.44 [4] - Varonis Systems, Inc. (VRNS) is down 29%, currently priced at $44.71 [4] - Akebia Therapeutics, Inc. (AKBA) has decreased by 26%, trading at $2.26 [4] - Avantor, Inc. (AVTR) is down 17%, currently priced at $12.40 [4] - GlucoTrack, Inc. (GCTK) has seen a decline of 13%, trading at $6.29 [4] - Tigo Energy, Inc. (TYGO) is down 13%, currently priced at $2.20 [4] - Generac Holdings Inc. (GNRC) has decreased by 9%, trading at $172.00 [4] - Polar Power, Inc. (POLA) is down 8%, currently priced at $3.71 [4] - Caesars Entertainment, Inc. (CZR) has seen a decline of 7%, trading at $20.50 [4] - Anteris Technologies Global Corp. (AVR) is also down 7%, currently priced at $4.46 [4]

As filed with the Securities and Exchange Commission on October 9, 2025. Registration No. 333-290589 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3661 94-3336783 (I.R.S. Employer Identification Number) 4445 Eastgate Mall, Suite 200 San Diego, C ...

As filed with the Securities and Exchange Commission on September 29, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Sonim Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3661 94-3336783 (I.R.S. Employer Identification Number) 4445 Eastgat ...