SONIM TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 13, 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.
Sep 30, 2024 · Filed Nov 13, 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 Cash Flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(IN THOUSANDS)
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(12,034) | $1,263 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 2,643 | 1,250 |
| Stock-based compensation | 1,169 | 1,038 |
| Stock issued for services | — | 345 |
| Inventory write-downs | 1,013 | — |
| Impairment of contract fulfillment assets | 3,217 | — |
| Other | 287 | (201) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 8,579 | (7,915) |
| Non-trade receivable | (3,361) | 639 |
| Related party receivable | (644) | — |
| Inventory | (6,870) | (309) |
| Prepaid expenses and other current assets | (639) | 352 |
| Contract fulfillment assets | (8,643) | (1,973) |
| Other assets | (125) | (105) |
| Accounts payable | 517 | 2,130 |
| Accrued liabilities | 10,828 | (248) |
| Income tax payable | 86 | 33 |
| Net cash used in operating activities | (3,977) | (3,701) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (206) | (24) |
| Net cash used in investing activities | (206) | (24) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock, net of issuance costs | 3,798 | — |
| Repayment of debt | — | (110) |
| Proceeds from stock option exercises, net of taxes paid on vested restricted stock units | 48 | 419 |
| Net cash provided by financing activities | 3,846 | 309 |
| Net decrease in cash and cash equivalents | (337) | (3,416) |
| Cash and cash equivalents at beginning of period | 9,397 | 13,213 |
| Cash and cash equivalents at end of period | $9,060 | $9,797 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $17 | $11 |
| Cash paid for income taxes | $12 | $69 |
| 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*.*
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