SONIM TECHNOLOGIES INC
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 2024
SONM$2.22+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | $11,516 | $26,835 | $28,292 | $52,636 |
| Cost of revenues | 8,547 | 22,409 | 22,421 | 44,035 |
| Gross profit | 2,969 | 4,426 | 5,871 | 8,601 |
| Operating expenses | ||||
| Research and development | 557 | — | 1,013 | 105 |
| Sales and marketing | 3,219 | 1,827 | 5,711 | 3,584 |
| General and administrative | 2,446 | 1,852 | 5,089 | 3,832 |
| Impairment of contract fulfillment assets | 3,217 | — | 3,217 | — |
| Total operating expenses | 9,439 | 3,679 | 15,030 | 7,521 |
| Income (loss) from operations | (6,470) | 747 | (9,159) | 1,080 |
| Interest expense, net | (17) | (5) | (17) | (5) |
| Other expense, net | (92) | (161) | (184) | (154) |
| Income (loss) before income taxes | (6,579) | 581 | (9,360) | 921 |
| Income tax expense | (37) | (72) | (162) | (185) |
| Net income (loss) | $(6,616) | $509 | $(9,522) | $736 |
| Net income (loss) per share: | ||||
| Basic (*) | $(1.41) | $0.12 | $(2.09) | $0.17 |
| Diluted (*) | $(1.41) | $0.11 | $(2.09) | $0.17 |
| Weighted-average shares used in computing net income (loss) per share: | ||||
| Basic (*) | 4,685,352 | 4,222,699 | 4,561,741 | 4,216,118 |
| Diluted (*) | 4,685,352 | 4,458,577 | 4,561,741 | 4,309,121 |
| (*) | Adjusted retroactively to reflect the 1-for-10 reverse stock split that became effective on July 17, 2024, see Note 1. |
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The accompanying notes are an integral part of these condensed consolidated financial statements*.*
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.