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$2.22+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
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | $15,022 | $27,566 | $35,656 | $80,202 |
| Related party net revenues | — | — | 7,658 | — |
| Total net revenues | 15,022 | 27,566 | 43,314 | 80,202 |
| Cost of revenues | 10,790 | 21,963 | 33,211 | 65,998 |
| Gross profit | 4,232 | 5,603 | 10,103 | 14,204 |
| Operating expenses | ||||
| Research and development | 715 | 741 | 1,728 | 846 |
| Sales and marketing | 3,045 | 2,133 | 8,756 | 5,717 |
| General and administrative | 2,848 | 2,041 | 7,937 | 5,873 |
| Impairment of contract fulfillment assets | — | — | 3,217 | — |
| Total operating expenses | 6,608 | 4,915 | 21,638 | 12,436 |
| Income (loss) from operations | (2,376) | 688 | (11,535) | 1,768 |
| Interest expense, net | — | (6) | (17) | (11) |
| Other expense, net | (19) | (59) | (203) | (213) |
| Income (loss) before income taxes | (2,395) | 623 | (11,755) | 1,544 |
| Income tax expense | (117) | (96) | (279) | (281) |
| Net income (loss) | $(2,512) | $527 | $(12,034) | $1,263 |
| Net income (loss) per share: | ||||
| Basic(*) | $(0.52) | $0.12 | $(2.58) | $0.30 |
| Diluted(*) | $(0.52) | $0.12 | $(2.58) | $0.29 |
| Weighted-average shares used in computing net income (loss) per share: | ||||
| Basic(*) | 4,848,999 | 4,303,931 | 4,658,193 | 4,245,717 |
| Diluted(*) | 4,848,999 | 4,418,026 | 4,658,193 | 4,372,328 |
| (*) | 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*.*
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