Sonim Technologies reported third‑quarter 2025 financial results, posting revenue of $16.2 million, a 45 % sequential increase from $11.2 million in the second quarter. The company’s gross profit rose to $1.8 million, or 11 % of revenue, up from $0.8 million (8 %) in Q2.
Operating expenses fell to $5.8 million from $7.6 million, driven by a $1.0 million reduction in sales and marketing and a $0.7 million cut in research and development. Net loss narrowed to $4.8 million from $7.5 million, reflecting higher sales and lower operating costs. One‑time charges of $1.2 million related to a proxy contest and due‑diligence costs for the asset sale were disclosed.
Management highlighted progress on the definitive agreement to sell substantially all of Sonim’s assets to NEXA Mobility (formerly Social Mobile) for $15 million in cash and up to $5 million in earn‑out payments, with a total potential consideration of $20 million. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions and shareholder approval.
The company completed a 1‑for‑18 reverse stock split effective October 27, 2025 to regain compliance with Nasdaq listing requirements. New financing initiatives, including a $2.1 million cash balance and $3.5 million in trade receivables, strengthen the balance sheet and support liquidity as the company moves toward the asset sale and potential reverse takeover.
Sonim’s product portfolio continues to drive demand, with the XP Pro, XP Pro Thermal, and MegaConnect HPUE hotspot launched with AT&T and FirstNet contributing to the revenue growth. Management noted that gross margin pressure in Q2 was partly due to a $1.1 million impairment of contract‑fulfillment assets, which was not repeated in Q3.
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