SONIM TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
SONM$2.35+5.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2024 AND 2023 (UNAUDITED)
(IN THOUSANDS)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(2,906) | $227 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 880 | 630 |
| Stock-based compensation | 324 | 309 |
| Stock issued for services | — | 110 |
| Other | 84 | (63) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 659 | (2,605) |
| Non-trade receivable | 397 | 1,020 |
| Inventory | 1,694 | (598) |
| Prepaid expenses and other current assets | 38 | 139 |
| Contract fulfillment assets | (1,248) | (699) |
| Other assets | (269) | (1) |
| Accounts payable | 540 | (524) |
| Accrued liabilities | (404) | (2,136) |
| Deferred revenue | — | (28) |
| Income tax payable | 43 | 2 |
| Net cash used in operating activities | (168) | (4,217) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (30) | — |
| Net cash used in investing activities | (30) | — |
| Cash flows from financing activities: | ||
| Repayment of debt | — | (37) |
| Proceeds from exercise of stock options | 53 | — |
| Net cash provided by (used in) financing activities | 53 | (37) |
| Net decrease in cash and cash equivalents | (145) | (4,254) |
| Cash and cash equivalents at beginning of period | 9,397 | 13,213 |
| Cash and cash equivalents at end of period | $9,252 | $8,959 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | $8 | $— |
| Non-cash activities: | ||
| Receivables transferred to satisfy payables (Note 4) | $11,308 | $— |
The accompanying notes are an integral part of these condensed consolidated financial statements*.*
SONIM TECHNOLOGIES, INC
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