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$2.35+5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholder’s Equity
THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023 (UNAUDITED)
(IN THOUSANDS EXCEPT SHARE AMOUNTS)
| Common stock · Additional Paid-in · Accumulated · Stockholders’ | |||||
|---|---|---|---|---|---|
| For the Three Months Ended June 30, 2023 | Shares (*) | Amount | Capital | Deficit | Equity |
| Balance at April 1, 2023 | 4,218,301 | $4 | $270,330 | $(249,643) | $20,691 |
| Issuance of common stock to settle restricted stock units | 1,985 | — | — | — | — |
| Issuance of common stock for payment of services | 9,500 | — | 91 | — | 91 |
| Stock-based compensation | — | — | 358 | — | 358 |
| Net income | — | — | — | 509 | 509 |
| Balance at June 30, 2023 | 4,229,786 | $4 | $270,779 | $(249,134) | $21,649 |
| Common stock · Additional Paid-in · Accumulated · Stockholders’ | |||||
|---|---|---|---|---|---|
| For the Three Months Ended June 30, 2024 | Shares (*) | Amount | Capital | Deficit | Equity |
| Balance at April 1, 2024 | 4,439,367 | $4 | $272,701 | $(252,866) | $19,839 |
| Issuance of common stock upon exercise of stock options and settlement of restricted stock units, net of taxes withheld | 37,725 | 1 | (1) | — | — |
| Taxes withheld on net settled vesting of restricted stock units | — | — | (5) | — | (5) |
| Issuance of common stock, net of issuance costs | 350,000 | 4 | 3,780 | — | 3,784 |
| Stock-based compensation | — | — | 472 | — | 472 |
| Impact of retroactively adjusted reverse stock split | — | (4) | 4 | — | — |
| Net loss | — | — | — | (6,616) | (6,616) |
| Balance at June 30, 2024 | 4,827,092 | $5 | $276,951 | $(259,482) | $17,474 |
| Common stock · Additional Paid-in · Accumulated · Stockholders’ | |||||
|---|---|---|---|---|---|
| For the Six Months Ended June 30, 2023 | Shares (*) | Amount | Capital | Deficit | Equity |
| Balance at January 1, 2023 | 4,077,469 | $41 | $269,874 | $(249,870) | $20,045 |
| Issuance of common stock to settle restricted stock units | 1,985 | — | — | — | — |
| Issuance of common stock for payment of services | 31,574 | — | 201 | — | 201 |
| Stock-based compensation | — | — | 667 | — | 667 |
| Impact of retroactively adjusted reverse stock split | 118,758 | (37) | 37 | — | — |
| Net income | — | — | — | 736 | 736 |
| Balance at June 30, 2023 | 4,229,786 | $4 | $270,779 | $(249,134) | $21,649 |
| Common stock · Additional Paid-in · Accumulated · Stockholders’ | |||||
|---|---|---|---|---|---|
| For the Six Months Ended June 30, 2024 | Shares (*) | Amount | Capital | Deficit | Equity |
| Balance at January 1, 2024 | 4,426,867 | $4 | $272,324 | $(249,960) | $22,368 |
| Issuance of common stock upon exercise of stock options and settlement of restricted stock units, net of taxes withheld | 50,225 | 1 | 52 | — | 53 |
| Taxes withheld on net settled restricted stock units | — | — | (5) | — | (5) |
| Issuance of common stock, net of issuance costs | 350,000 | 4 | 3,780 | — | 3,784 |
| Stock-based compensation | — | — | 796 | — | 796 |
| Impact of retroactively adjusted reverse stock split | — | (4) | 4 | — | — |
| Net loss | — | — | — | (9,522) | (9,522) |
| Balance at June 30, 2024 | 4,827,092 | $5 | $276,951 | $(259,482) | $17,474 |
| (*) | 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.