Core Insights - Sonim Technologies announced preliminary select unaudited financial results for Q4 2024, indicating significant growth and product innovation that positions the company for future revenue and earnings growth starting in 2025 [1][4]. Financial Performance - Net revenue for Q4 2024 is projected to increase approximately 13% year-over-year to about $15.2 million, up from $13.4 million in Q4 2023, and a sequential increase from $15.0 million in Q3 2024 [4]. - GAAP net loss for the quarter is expected to be between $20 million and $24 million, compared to a net loss of $3 million in Q3 2024, primarily due to increased R&D expenses and higher COGS [4]. - Cash is anticipated to be approximately $5 million at the end of Q4 2024 [4]. Product and Market Expansion - Sonim launched the H700 mobile hotspot in partnership with Telstra Australia, featuring advanced 5G and Wi-Fi capabilities [4]. - The company expanded its partnerships with Verizon, UScellular, and Bell Canada, introducing the H500 series 5G mobile hotspots designed for enterprise productivity [4]. - The next-generation rugged smartphone, Sonim XP Pro, was launched, designed for diverse environments with rugged features [5]. Global Market Development - Sonim successfully entered the European market, establishing partnerships with leading operators and distributors [10]. - The company is now fully operational in Australia and has partnered with a top-tier operator for rugged device distribution [10]. - In South Africa, Sonim partnered with a leading distributor to provide rugged phones and solutions to critical workers [10]. Strategic Initiatives - The CEO highlighted 2024 as a pivotal year for Sonim, focusing on product launches, market expansion, and strengthening partnerships [7]. - The company is investing strategically in operations and R&D to enhance its growth foundation for 2025 [7]. - Sonim's new manufacturing facility in Vietnam aims to diversify its supply chain and increase production resilience [10].

Core Insights - Orbic North America has entered into an agreement in principle to acquire a substantial position in Sonim Technologies, making Orbic the largest single shareholder of Sonim upon finalization of the deal [1][2]. Company Overview - Orbic is a US-based technology company that focuses on innovative mobile solutions, offering a range of products including smartphones, tablets, mobile hotspots, and connected laptops [3]. - Sonim Technologies specializes in ultra-rugged mobile solutions, providing durable devices for demanding users, including first responders and Fortune 500 companies [4]. Strategic Intent - Following the acquisition, Orbic plans to engage in discussions with Sonim to explore operational and financial synergies, targeting R&D, supply chain efficiencies, and market expansion opportunities globally, particularly in the U.S., Europe, India, and Asia Pacific [2]. - The CEO of Orbic emphasized the need for a flexible strategic focus to enhance performance for carrier customers and end users, indicating a commitment to maintaining a leading position in mobile technology innovation [2].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1][2] Group 1: Momentum Investing Strategy - Momentum investors typically avoid timing the market and instead capitalize on stocks that are already trending upwards [1] - Fast-moving stocks can lose momentum if their future growth does not justify their high valuations, making it risky to rely solely on traditional momentum parameters [2] Group 2: Investment Opportunities - Investing in bargain stocks that have recently shown price momentum can be a safer strategy [3] - Sonim (SONM) is highlighted as a strong candidate due to a recent four-week price change of 14.2% and a 12-week gain of 41.2% [4][5] - SONM has a high beta of 2.47, indicating it moves 147% more than the market, suggesting strong momentum [5] Group 3: Valuation and Earnings Estimates - SONM has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - SONM is trading at a Price-to-Sales ratio of 0.32, suggesting it is undervalued at 32 cents for each dollar of sales [7] Group 4: Additional Investment Options - Besides SONM, there are other stocks that meet the criteria of fast-paced momentum at a bargain [8] - Investors can explore over 45 Zacks Premium Screens tailored to identify winning stock picks based on different investing styles [9]

Core Insights - Sonim Technologies has launched the XP Pro 5G, an ultra-rugged smartphone designed for extreme environments and demanding professionals, now available through Verizon [2][3][8] Product Features - The XP Pro 5G is engineered with MIL-STD-810H, IP68, and IPX9K certifications, providing exceptional protection against shock, dust, and water, including submersion up to 6.5 feet for an hour [4][9] - Powered by the Snapdragon® 7 Gen 3 processor, the device features 8GB of RAM and 256GB of internal storage, expandable up to 2TB via MicroSD [5][10] - The smartphone includes a large, shatter-proof, glove-friendly screen reinforced with Gorilla® Glass Victus® II, dual loudspeakers with over 100dB output, and a robust 5000mAh battery [6][12] Target Market and Applications - The XP Pro 5G is tailored for professionals in industries such as industrial, mining, oil and gas, emergency services, military, agriculture, and utilities, ensuring operational safety in hazardous areas [4][7] - The device supports specialized applications like Push-to-Talk and SOS for enhanced team coordination in high-stakes environments [6][7] Software and Ecosystem - The smartphone comes with the SonimWare™ Enterprise software suite, offering device management and optimization for fieldworkers, including security and third-party app support [7] - Sonim provides a range of accessories designed to enhance productivity across various industries, including ultra-rugged headsets and vehicle kits [7][8] Company Background - Sonim Technologies is recognized as a leading provider of ultra-rugged mobile solutions, trusted by first responders and Fortune 500 companies since 1999 [16]

Sonim (SONM) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.66. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.21%. A quarter ago, it was expected that this company would post a loss of $1.41 per share when it actually produced a loss of $1.41, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ____________ Commission File Number: 001-38907 Sonim Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 94-3336783 ...

Exhibit 99.1 Sonim Reports Third Quarter 2024 Results, Expands into Large New Addressable Markets with Additional Products Expands reach in North America and Australia with launch of new mobile hotspots; launched new rugged phone in Europe San Diego, California – November 13, 2024 – Sonim Technologies, Inc. (Nasdaq: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, software, services and accessories designed to provide extra protection for users ...

Sonim Reports Third Quarter 2024 Results, Expands into Large New Addressable Markets with Additional ProductsExpands reach in North America and Australia with launch of new mobile hotspots; launched new rugged phone in EuropeNovember 13, 2024 4:15 PM EST | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - November 13, 2024) - Sonim Technologies, Inc. (Nasdaq: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, s ...

Sonim H500 5G Mobile Hotspot Now Available at Verizon WirelessIndustry's first rugged 5G millimeter wave mobile hotspot now available for Verizon business, government, and Frontline customersNovember 05, 2024 7:00 AM EST | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - November 5, 2024) - Sonim Technologies (NASDAQ: SONM), a leader in rugged mobile solutions, today announced availability of the Sonim H500 5G Mobile Hotspot at Verizon Wireless (Sonim H500 5G for Busine ...

● . ● Introducing the World's First Rugged Rel 17 5G + Wi-Fi 7 Mobile Hotspot: Sonim H700 Debuts at Telstra Unmatched performance and feature set meets toughness and reliability in extreme conditions October 28, 2024 4:18 PM EDT | Source: Sonim Technologies, Inc. San Diego, California and Sydney, Australia--(Newsfile Corp. - October 28, 2024) - Sonim Technologies (NASDAQ: SONM) introduces the Sonim H700, the world's first rugged 5G and Wi-Fi 7 mobile hotspot, available to Australians through Telstra. Featur ...