Sonim Technologies announced its financial results for the first quarter ended March 31, 2025, on May 12, 2025. Revenue for the quarter was $16.7 million, an increase from $15.0 million in the fourth quarter of 2024.
Gross profit for Q1 2025 was $8.4 million, representing a gross margin of 50% of revenues, a significant improvement from a negative 1% in Q4 2024. This margin increase reflected $5.3 million in revenue related to the expiration of customer allowance agreements.
The company reported a net income of $0.5 million for the quarter, a substantial improvement from a net loss of $21.6 million in the prior quarter. Sonim ended the quarter with $2.1 million in cash and subsequently received $4.5 million in net proceeds from its ATM program.
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