Overview

* Sonim ( SONM ) Q2 revenue falls 33% sequentially, reflecting absence of one-time boost

* Net loss for Q2 was $7.5 mln, compared to Q1 net income

Outlook

* Sonim expects tier-one carrier launches to drive growth in H2 2025

* Company focuses on leveraging resources for growth and innovation

Result Drivers

* PRODUCT LAUNCHES - Sonim ( SONM ) launched the XP Pro smartphone with AT&T and began shipments of the H500 mobile hotspot to European distributors

* IMPAIRMENT COSTS - Loss on impairment of contract fulfillment assets related to legacy products impacted financial results

* LEGAL EXPENSES - Increased legal and professional fees due to contested proxy solicitation contributed to higher operating expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $11.20

Revenue mln

Q2 EPS -$0.79

Q2 Net -$7.50

Income mln

Q2 Gross $800,000

Profit

Q2 $7.60

Operatin mln

g

Expenses

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)