Core Viewpoint - Sonim Technologies, Inc. reported financial results for Q4 and full year 2024, highlighting revenue growth driven by new product adoption and market expansion, despite a year-over-year revenue decline for the full year [1][5]. Financial Highlights - Q4 2024 revenue increased by 12% year-over-year to $15.0 million, while full-year revenue decreased by 38% to $58.3 million [5]. - Gross margin for Q4 was negative 1%, and for the full year, it was 17%, impacted by a $3.0 million impairment charge [5]. - R&D expenses rose in 2024 due to investments in new product development and upgrades [5]. - The company ended 2024 with $5.3 million in cash, $4.3 million in trade accounts receivable, and $10.6 million in inventory [5]. Business Highlights - Sonim introduced innovative products in the rugged mobility market, enhancing its leadership in key verticals and regions [4]. - The company secured a new enterprise customer in the healthcare sector with a 4,000-unit feature phone agreement [9]. - Major agreements were made with Fortune 500 companies for next-generation device upgrades [9]. 2025 Outlook - The company anticipates growth in revenue, gross margin, and profitability as its product portfolio scales globally [6]. - Demand for 5G and rugged solutions is expected to accelerate, positioning Sonim to serve high-value industries [6].