SONIM TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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FY2023 · Filed Mar 27, 2024
SONM$2.35+5.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets – At December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2023 and 2022
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $9,397 | $13,213 |
| Accounts receivable, net | 25,304 | 22,433 |
| Non-trade receivable | 961 | 2,269 |
| Inventory | 6,517 | 3,910 |
| Prepaid expenses and other current assets | 1,608 | 1,807 |
| Total current assets | 43,787 | 43,632 |
| Property and equipment, net | 71 | 168 |
| Right-of-use assets | 55 | 66 |
| Contract fulfillment assets | 9,232 | 6,848 |
| Other assets | 2,898 | 2,972 |
| Total assets | $56,043 | $53,686 |
| Liabilities and stockholders’ equity | ||
| Current portion of long-term debt | $— | $147 |
| Accounts payable | 19,847 | 21,126 |
| Accrued liabilities | 12,233 | 10,692 |
| Current portion of lease liability | 55 | 66 |
| Deferred revenue | 12 | 31 |
| Total current liabilities | 32,147 | 32,062 |
| Income tax payable | 1,528 | 1,429 |
| Accrued severance | — | 150 |
| Total liabilities | 33,675 | 33,641 |
| Commitments and contingencies (Note 12) | - | - |
| Stockholders’ equity | ||
| Common stock, $0.001 par value per share; 100,000,000 shares authorized: and 43,081,083 and 40,774,687 shares issued and outstanding at December 31, 2023 and 2022, respectively | 43 | 41 |
| Preferred stock, $0.001 par value per share, 5,000,000 shares authorized: and no shares issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Additional paid-in capital | 272,285 | 269,874 |
| Accumulated deficit | (249,960) | (249,870) |
| Total stockholders’ equity | 22,368 | 20,045 |
| Total liabilities and stockholders’ equity | $56,043 | $53,686 |
The accompanying notes are an integral part of these consolidated financial statements.
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