Financial Performance - For the three months ended September 30, 2020, net revenues were $14.4 million, a decrease of $14.5 million, or 50%, compared to $28.9 million in the same period in 2019[138]. - For the nine months ended September 30, 2020, net revenues were $48.2 million, a decrease of $50.9 million, or 51%, compared to $99.1 million in the same period in 2019[139]. - The decline in Q3 2020 revenues was primarily driven by a 43% decrease in unit shipments, resulting in a revenue decrease of $11.6 million[138]. - Gross profit for the three months ended September 30, 2020, was $4.4 million, a decrease of $2.5 million or 36% compared to the same period in 2019, driven by a 50% decrease in net revenues of $14.5 million[142]. - Gross profit for the nine months ended September 30, 2020, was $11.5 million, down $18.9 million or 62% from $30.4 million in the same period in 2019, primarily due to a 51% decrease in net revenues[143]. - Net operating loss for the three months ended September 30, 2020, decreased by $0.1 million compared to the same period in 2019, while for the nine months ended September 30, 2020, it increased by $6.8 million, driven by a decrease in gross profit[144]. Operating Expenses - Operating expenses for the three months ended September 30, 2020, were $10.5 million, a decrease of $2.6 million, or 20%, compared to $13.1 million in the same period in 2019[137]. - Total operating expenses for the three months ended September 30, 2020, were $10.5 million, a decrease of $2.6 million or 20% compared to $13.1 million in the same period in 2019[145]. - Research and development expenses for the three months ended September 30, 2020, were $3.4 million, a decrease of $3.3 million or 49% compared to the same period in 2019[146]. Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2020, were $31.7 million, an increase of $20.3 million from $11.3 million on December 31, 2019, primarily due to net proceeds from a public offering[162]. - Net cash used in operating activities for the nine months ended September 30, 2020, was $0.7 million, significantly improved from $28.8 million in the same period in 2019[163]. - Cash used in investing activities for the nine months ended September 30, 2020, was $0.2 million, a decrease from $1.3 million in the same period of 2019[166][168]. - Cash provided by financing activities for the nine months ended September 30, 2020, was $21.3 million, down from $33.4 million in 2019, primarily due to a public offering net proceeds of $25.2 million[167][168]. - As of September 30, 2020, the company had existing cash and cash equivalents totaling $31.7 million, including approximately $25 million from the June 2020 public offering[170]. - The company believes the proceeds from the June 2020 capital raise will support operations for at least the next twelve months, although this is subject to risks and uncertainties[169]. Workforce and Restructuring - The company reduced its global headcount from approximately 700 employees at year-end 2018 to approximately 349 employees as of September 30, 2020[130]. - The company’s total headcount as of September 30, 2020, was 349 worldwide, reflecting the impact of restructuring efforts[152]. Market and Strategic Initiatives - Approximately 91% of net revenues for Q3 2020 were attributable to North America, Canada, and Latin America, down from 94% in Q3 2019[138]. - The merger between Sprint and T-Mobile has led to a re-evaluation of the supply chain, with certain products expected to reach end of life sooner than anticipated[140]. - The company has invested in sales and marketing efforts to drive new customer acquisition, particularly in the public safety market and international expansion[135]. - Research and development investments are crucial for the company, with costs for technical approval processes historically ranging from $1-2 million per device[134]. Tax and Foreign Exchange - The company recorded $0.2 million in income tax expense for the three months ended September 30, 2020, compared to $0.033 million for the same period in 2019[155]. - The company incurred $0.4 million in foreign exchange loss for the nine months ended September 30, 2020, down from $0.6 million in the same period in 2019[154]. Regulatory and Compliance - The company operates in one reportable segment, indicating a focused business activity[173]. - The company remains classified as an emerging growth company under the JOBS Act, allowing it to delay adopting new accounting standards[174]. - The company will maintain its emerging growth status until certain revenue or market capitalization thresholds are met[175]. - The company is not required to provide market risk disclosures as it qualifies as a smaller reporting company[176].

Sonim Technologies, Inc. (NASDAQ:SONM) Q3 2020 Earnings Conference Call November 11, 2020 4:30 PM ET Company Participants Matt Kreps - IR Tom Wilkinson - CEO Bob Tirva - CFO Conference Call Participants Jaeson Schmidt - Lake Street Zack Silver - B. Riley Operator Good afternoon, and welcome to the Sonim Technologies Incorporated Third Quarter 2020 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask ...

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Sonim Technologies, Inc. (NASDAQ:SONM) Q2 2020 Earnings Conference Call August 12, 2020 4:30 PM ET Company Participants Matt Kreps - IR Tom Wilkinson - CEO Bob Tirva - CFO Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Zack Silver - B. Riley FBR Operator Good afternoon, and welcome to Sonim Technologies Second Quarter 2020 Results Conference Call. My name is Chad, and I will be your operator today. Joining us for today's call are Sonim's CEO, Tom Wilkinson; CFO, Bob Tirva; and Inv ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-Q (Mark One) 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 ( St ...

Sonim Technologies, Inc. (NASDAQ:SONM) Q1 2020 Results Conference Call May 14, 2020 4:30 PM ET Company Participants Tom Wilkinson - Chief Executive Officer Bob Tirva - Interim Chief Financial Officer Matt Kreps - Investor Relations Adviser Conference Call Participants Zack Silver - B. Riley FBR Jason Smith - Lake Street Operator Good afternoon. Welcome to Sonim Technologies First Quarter 2020 Results Conference Call. My name is Denial, and I will be your operator today. Joining us for today’s call are Sonim ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-Q For the quarterly period ended March 31, 2020 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 ( State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (Ma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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) (State or other jurisdiction of incorporation o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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, 2019 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 94-3 ...

Sonim Technologies, Inc. (NASDAQ:SONM) Q3 2019 Results Earnings Conference Call October 30, 2019 5:00 PM ET Company Participants Tom Wilkinson - Chief Executive Officer Bob Tirva - Interim Chief Financial Officer Tom Colton - Gateway Investor Relations Consultant Conference Call Participants Zack Silver - B. Riley FBR Jason Smith - Lake Street Matthew Galinko - National Securities Operator Good afternoon. Welcome to Sonim Technologies Third Quarter 2019 Earnings Conference Call. My name is Laura, and I will ...