Sonim Reports Fourth Quarter Results
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Sonim Technologies (SONM) Tops Q4 EPS by 4c, Revenues Beat
March 10, 2021 4:12 PM ESTSonim Technologies (NASDAQ: SONM) reported Q4 EPS of ($0.10), $0.04 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $15.8 million versus the consensus estimate of $14.5 million.
Fourth Quarter 2020 and Recent Highlights
Net revenues of $15.8 million, increased from $14.4 million in the third quarter, driven by increased sales of XP8 smartphone devices.Gross margin was 23.5%.GAAP net loss was $6.4 million, or $0.10 per share.Ended the quarter with cash and cash equivalents of $22.1 million.Announced (i) the transfer of Sonim's Shenzhen manufacturing operations to Unicair, expected to stabilize factory... More