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]