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Sonim Technologies Inc SONM

Technology Computer Systems
Sonim Technologies, Inc. provides ultra-rugged, rugged and consumer durable mobile devices, including phones, wireless Internet data devices, tablets and accessories designed to provide extra protection for users. It sells its ruggedized mobility solutions to several of the wireless carriers in the United States, including AT&T, T-Mobile and Verizon and three wireless carriers in Canada-Bell, Rogers and TELUS Mobility. Its ruggedized phones and accessories are sold through distributors in North America and Europe. Its devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. Its solutions include ultra-rugged mobile phones capable of connecting to both public and private wireless networks, industrial-grade accessories that meet specific application requirements and software applications and cloud-based tools that provide management and deployment services to its customers.


NDAQ:SONM - Post by User

Sonim Technologies Inc > Interesting
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Post by ARIMA11on Sep 10, 2021 12:09pm
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Post# 33840078

Interesting

Interestinghttps://schrts.co/xNMyHhQN

Volume since Sept 1st is much higher than the 5M daily average.
Today has traded 63M shares as of now... acquistion in the works?

SONM is debt free.... though they still have legal issues pending.
And by no means close to being profitable.

https://ir.sonimtech.com/news-events/press-releases/detail/149/sonim-reports-second-quarter-results

Balance Sheet and Cash Flow
Sonim ended the quarter with $6.9 million in cash and equivalents and remained essentially debt free. Subsequent to the quarter end, Sonim raised an additional $8.4 million in net proceeds through its at-the-market equity offering program during July 2021. Inventory was $11.9 million at quarter end, and accounts receivable was $10.5 million.
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