Sonim Technologies (SONM) investor relations material

Executive summary

• Q3 2025 net revenues increased 8% year-over-year to $16.2M, with a 45% sequential rise driven by new product launches and increased demand, but gross profit declined 57% due to lower margins and product mix shift.

• Net loss for Q3 2025 narrowed to $4.8M, reflecting improved sales and reduced operating expenses.

• The company entered an asset purchase agreement to sell substantially all assets related to its enterprise 5G solutions business for $15M plus up to $5M earn-out, with closing expected late 2025 or early 2026.

• A 1-for-18 reverse stock split was effected on October 27, 2025, and the authorized shares were increased to 1B to provide flexibility for future corporate actions, all approved by stockholders.

• Strategic initiatives included board reelection and expansion, and a focus on monetizing the Nasdaq listing.

Financial highlights

• Q3 2025 net revenues: $16.2M (up 8% YoY, up from $11.2M in Q2 2025); nine months ended September 30, 2025: $44.1M (up 2% YoY).

• Gross profit for Q3 2025 was $1.8M (11% margin), up from $0.8M (8% margin) in Q2 2025.

• Q3 2025 net loss: $(4.8)M, compared to $(2.5)M in Q3 2024; nine months net loss: $(11.8)M, improved from $(12.0)M YoY.

• Cash and cash equivalents at September 30, 2025: $2.1M, down from $5.3M at year-end 2024; inventory stood at $11.0M.

• Operating expenses decreased to $5.8M from $7.6M sequentially; adjusted EBITDA improved to negative $2.0M from negative $3.2M in Q2 2025.

Outlook and guidance

• Q4 2025 revenues expected to decline sequentially due to seasonality; no revenue expected from current business after asset sale closes.

• Asset sale to NEXA Mobility expected to close late in Q4 2025 or early 2026, pending customary conditions and shareholder approval.

• Substantial doubt exists about the company's ability to continue as a going concern beyond the asset sale date.

• Focus remains on monetizing the Nasdaq listing and maximizing shareholder value.