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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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT SHARE AND
PER SHARE AMOUNTS)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and cash equivalents | $9,060 | $9,397 |
| Accounts receivable, net | 5,240 | 25,304 |
| Non-trade receivable | 4,322 | 961 |
| Related party receivable | 644 | — |
| Inventory | 12,374 | 6,517 |
| Prepaid expenses and other current assets | 2,224 | 1,608 |
| Total current assets | 33,864 | 43,787 |
| Property and equipment, net | 239 | 71 |
| Contract fulfillment assets | 12,063 | 9,232 |
| Other assets | 2,981 | 2,953 |
| Total assets | $49,147 | $56,043 |
| Liabilities and stockholders’ equity | ||
| Accounts payable | $9,056 | $19,847 |
| Accrued liabilities | 23,128 | 12,300 |
| Total current liabilities | 32,184 | 32,147 |
| Income tax payable | 1,614 | 1,528 |
| Total liabilities | 33,798 | 33,675 |
| Commitments and contingencies (Note 8) | - | - |
| Stockholders’ equity | ||
| Common stock, $0.001 par value per share; 100,000,000 shares authorized: and 4,871,639 and 4,426,867 shares issued and outstanding at September 30, 2024, and December 31, 2023, respectively (*) | 5 | 4 |
| Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, and no shares issued and outstanding at September 30, 2024, and December 31, 2023, respectively | — | — |
| Additional paid-in capital (*) | 277,338 | 272,324 |
| Accumulated deficit | (261,994) | (249,960) |
| Total stockholders’ equity | 15,349 | 22,368 |
| Total liabilities and stockholders’ equity | $49,147 | $56,043 |
| (*) | 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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.