Welcome to our dedicated page for Sonim Technologies news (Ticker: SONM), a resource for investors and traders seeking the latest updates and insights on Sonim Technologies stock.
Sonim Technologies, Inc. (NASDAQ: SONM) generates news across two closely linked themes: its long-standing role in rugged mobile solutions for mission-critical users and its more recent strategic transition toward a DeFi-focused crypto trading platform business under the DNA X brand. The news feed for SONM captures company press releases, financial updates, and regulatory milestones that together document this evolution.
For readers following Sonim’s traditional business, news items include product launches and carrier partnerships for ultra-rugged smartphones, flip phones, and mobile hotspots. Recent announcements describe devices such as the XP Pro and XP3plus 5G, as well as the MegaConnect HPUE mobile hotspot, highlighting certifications with specialized public safety and mission-critical programs, and availability through tier one carriers in the United States, Canada, and Europe. These stories focus on durability, high-power connectivity, and features tailored to first responders, government agencies, and enterprise field workers.
Another major stream of SONM news relates to corporate strategy, transactions, and capital structure. Press releases and SEC-related communications report quarterly financial results, stockholder votes, reverse stock split implementation, capital raises, and the committed equity facility with Chardan Capital Markets LLC. A key topic is the asset sale to NEXA, under which Sonim agreed to sell substantially all assets of its rugged mobility business, with subsequent stockholder approval and expectations for closing.
News coverage also explains Sonim’s acquisition of DNA X LLC and its plans to rebrand the public company as DNA X, Inc. and focus on a decentralized finance trading protocol that automates trading on decentralized exchanges. Together, these updates provide investors and observers with a detailed, time-ordered view of how SONM is moving from a rugged device manufacturer toward a new business centered on the DNA X crypto trading platform.
By reviewing the SONM news page regularly, users can see how product developments, carrier relationships, financial performance, and strategic transactions intersect to shape the company’s trajectory and the future of the SONM listing.
Sonim Technologies (Nasdaq: SONM) announces the launch of its XP3plus rugged mobile device in T-Mobile stores across the U.S. This device features a larger display, enhanced productivity buttons, and a powerful battery for users in demanding environments. The XP3plus is designed for sectors like construction and first responders, with industry-grade accessories available. Additionally, it comes with a 3-year warranty, reducing total ownership costs. The move aims to improve accessibility for businesses and consumers seeking reliable mobile solutions.
Sonim Technologies (NASDAQ: SONM) convened and adjourned its 2021 Annual Meeting of Stockholders on October 26, 2021, without conducting business due to lack of quorum. Fewer than a majority of outstanding shares were represented at the meeting. The meeting has been rescheduled to November 12, 2021, at 9:00 a.m. Pacific Time, to allow more time for stockholders to vote on proposals detailed in the company's proxy statement. Currently, approximately 38% of shares entitled to vote were represented by proxies, with stockholders encouraged to cast votes before November 11, 2021.
Sonim Technologies (NASDAQ: SONM) has launched the XP3plus flip phone for Verizon Business customers, enhancing its predecessor's features. The XP3plus offers a larger display, programmable buttons, and a robust battery designed for demanding work environments. It meets Sonim's Rugged Performance Standards, ensuring durability with drop and water resistance. The device includes a powerful audio speaker and a comprehensive 3-year warranty, targeting sectors like construction and public safety. Availability starts on Sept. 30.
On September 14, 2021, Sonim Technologies (Nasdaq: SONM) announced a one-for-ten reverse stock split, effective at 5:00 PM ET on September 15, 2021. Trading on a split-adjusted basis will commence on September 16, 2021. This decision follows stockholder approval during the 2020 Annual Meeting to implement a reverse split within a specified range. The split aims to increase the share price for compliance with Nasdaq’s minimum bid price requirements and to enable the company to pursue additional financing opportunities. No fractional shares will be issued, and stockholders will receive cash for any fractional shares.
Sonim Technologies (Nasdaq: SONM) has launched the XP3plus flip phone, available through T-Mobile starting October 22, 2021. This new model enhances the features of its predecessor, the XP3, offering a larger display, programmable buttons, and a robust interface designed for demanding environments. Key highlights include a strong battery, noise-cancellation audio, and compliance with Sonim's Rugged Performance Standards, ensuring durability against drops and water. The XP3plus aims to support field workers needing reliable communication.
Sonim Technologies (Nasdaq: SONM) announces the launch of Klein waterproof headsets and RSMs compatible with Sonim SecureAudio Connector handsets, including XP3, XP5s, and XP8. The new products address customer concerns regarding affordability, waterproofing, and warranty, featuring an industry-leading 3-year comprehensive warranty. The Klein VALOR RSM and Klein CURL headset offer robust features catering to enterprise needs. This release aims to bolster Sonim's position in rugged communication solutions, essential for first responders and industrial workers.
Sonim Technologies (Nasdaq: SONM) announced its Q2 2021 financial results, reporting net revenues of $12.0 million, slightly down from $12.2 million in Q1. Gross profit rose 8% sequentially to $2.7 million, improving gross margin to 22.2%. The net loss shrank to $6.7 million, or $0.10 per share, from $9.3 million in Q1. The company ended Q2 with $6.9 million in cash and raised an additional $8.4 million in July. Sonim plans to launch a new rugged phone in Q3 2021, hinting at potential market growth due to favorable infrastructure developments.
Sonim Technologies (Nasdaq: SONM) has partnered with 4K Solutions to launch the Mobile Broadband Kit – Elite, designed for the Sonim XP8 ultra-rugged Android handset. This portable communication solution enables reliable access for emergency and public safety teams, even in remote areas. Each kit includes four Sonim XP8 handsets and SonimWare software. The MBK-Elite features compatibility with Push-to-Talk apps, a FirstNet Ready wireless router, and optional satellite communication. This collaboration enhances Sonim's offerings in critical communications.
On June 30, 2021, Sonim Technologies (Nasdaq: SONM) launched the RT80, a rugged tablet tailored for industrial, field service, and public safety workers. The RT80 features an 8-inch glove-friendly, sunlight-readable display and a high-capacity battery for extended multi-shift use. Key specs include Android 10, 4G LTE connectivity, and a robust 2-year warranty. The device, designed for demanding environments, is waterproof, dustproof, and chemical resistant. It is available in North America, the UK, and Europe through Sonim's distribution network.
Sonim Technologies (NASDAQ: SONM) has secured design win awards from a major U.S. carrier for two new ultra-rugged phones expected in 2022. The awards were based on Sonim's design specifications and cost proposals during an RFP process. The new products include an upgraded feature phone with enhanced PTT capabilities and a 5G smartphone. This adds to Sonim's portfolio, which has already received design wins from the three largest U.S. carriers. Key features will include a dedicated PTT button, emergency alert capabilities, ultra-loud speakers, and support for 5G and FirstNet networks.