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$2.22+4.2%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Net revenues | $16,776 | $25,801 |
| Cost of revenues | 13,874 | 21,626 |
| Gross profit | 2,902 | 4,175 |
| Operating expenses: | ||
| Research and development | 456 | 105 |
| Sales and marketing | 2,492 | 1,757 |
| General and administrative | 2,643 | 1,980 |
| Total operating expenses | 5,591 | 3,842 |
| Net income (loss) from operations | (2,689) | 333 |
| Other income (expense), net | (92) | 7 |
| Net income (loss) before income taxes | (2,781) | 340 |
| Income tax expense | (125) | (113) |
| Net income (loss) | $(2,906) | $227 |
| Net income (loss) per share: | ||
| Basic | $(0.07) | $0.01 |
| Diluted | $(0.07) | $0.01 |
| Weighted–average shares used in computing net income (loss) per share: | ||
| Basic | 43,193,720 | 40,907,047 |
| Diluted | 43,193,720 | 41,095,901 |
The accompanying notes are an integral part of these condensed consolidated financial statements*.*
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