SONIM TECHNOLOGIES INC
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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.
Mar 31, 2025 · Filed May 12, 2025
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)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and cash equivalents | $2,115 | $5,343 |
| Accounts receivable, net | 4,849 | 4,339 |
| Non-trade receivable | 6,452 | 7,119 |
| Related party receivable | 181 | 181 |
| Inventory | 8,620 | 10,621 |
| Prepaid expenses and other current assets | 4,718 | 4,562 |
| Total current assets | 26,935 | 32,165 |
| Property and equipment, net | 188 | 227 |
| Contract fulfillment assets | 8,014 | 6,399 |
| Other assets | 821 | 948 |
| Total assets | $35,958 | $39,739 |
| Liabilities and stockholders’ equity (deficit) | ||
| Accounts payable | $17,294 | $22,848 |
| Accrued liabilities | 15,118 | 20,892 |
| Promissory note, net, current portion | 2,265 | — |
| Total current liabilities | 34,677 | 43,740 |
| Promissory note, net | 566 | — |
| Income tax payable | 1,794 | 1,699 |
| Total liabilities | 37,037 | 45,439 |
| Commitments and contingencies (Note 8) | - | - |
| Stockholders’ equity (deficit) | ||
| Common stock, $0.001 par value per share; 100,000,000 shares authorized; and 6,333,657 and 4,983,868 shares issued and outstanding at March 31, 2025, and December 31, 2024, respectively | 6 | 5 |
| Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, and no shares issued and outstanding at March 31, 2025, and December 31, 2024, respectively | — | — |
| Additional paid-in capital | 282,065 | 277,903 |
| Accumulated deficit | (283,150) | (283,608) |
| Total stockholders’ equity (deficit) | (1,079) | (5,700) |
| Total liabilities and stockholders’ equity (deficit) | $35,958 | $39,739 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
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