SONIM TECHNOLOGIES INC

For the period ended Sep 30, 2024. Filed Nov 13, 2024.

About this filing

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

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Contents

Condensed Consolidated Statements of Stockholder’s Equity

(IN THOUSANDS EXCEPT SHARE AMOUNTS)

Common stock · Additional
For the Three Months Ended September 30, 2023	Shares (*)	Amount	Paid-in Capital	Accumulated Deficit	Stockholders’ Equity
Balance at July 1, 2023	4,229,786	$4	$270,779	$(249,134)	$21,649
Issuance of common stock to settle restricted stock units	29,915	—	—	—	—
Issuance of common stock for payment of services	14,161	1	143	—	144
Issuance of common stock upon exercise of stock options	100,000	1	418	—	419
Stock-based compensation	—	—	371	—	371
Impact of retroactively adjusted reverse stock split	—	(2)	2	—	—
Net income	—	—	—	527	527
Balance at September 30, 2023	4,373,862	$4	$271,713	$(248,607)	$23,110

Common stock · Additional
For the Three Months Ended September 30, 2024	Shares (*)	Amount	Paid-in Capital	Accumulated Deficit	Stockholders’ Equity
Balance at July 1, 2024	4,827,092	$5	$276,951	$(259,482)	$17,474
Issuance of common stock upon exercise of stock options and settlement of restricted stock units, net of taxes withheld	9,384	—	—	—	—
Issuance of common stock, net of issuance costs	35,163	—	14	—	14
Stock-based compensation	—	—	373	—	373
Net loss	—	—	—	(2,512)	(2,512)
Balance at September 30, 2024	4,871,639	$5	$277,338	$(261,994)	$15,349

Common stock · Additional
For the Nine Months Ended September 30, 2023	Shares (*)	Amount	Paid-in Capital	Accumulated Deficit	Stockholders’ 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	31,900	—	—	—	—
Issuance of common stock for payment of services	45,735	1	344	—	345
Issuance of common stock upon exercise of stock options	100,000	1	418		419
Stock-based compensation	—	—	1,038	—	1,038
Impact of retroactively adjusted reverse stock split	118,758	(39)	39	—	—
Net income	—	—	—	1,263	1,263
Balance at September 30, 2023	4,373,862	$4	$271,713	$(248,607)	$23,110

Common stock · Additional
For the Nine Months Ended September 30, 2024	Shares (*)	Amount	Paid-in Capital	Accumulated Deficit	Stockholders’ 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	59,609	1	52	—	53
Taxes withheld on net settled restricted stock units	—	—	(5)	—	(5)
Issuance of common stock, net of issuance costs	385,163	4	3,794	—	3,798
Stock-based compensation	—	—	1,169	—	1,169
Impact of retroactively adjusted reverse stock split	—	(4)	4	—	—
Net loss	—	—	—	(12,034)	(12,034)
Balance at September 30, 2024	4,871,639	$5	$277,338	$(261,994)	$15,349

(*)	Adjusted retroactively to reflect the 1-for-10 reverse stock split that became effective on July 17, 2024, see Note 1.

The accompanying notes are an integral part of these condensed consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.