Sonim Mobile

Sonim continues growth trajectory into 2024

www.sonimtech.com

This recent commitment from three additional North American tier-one carriers to the value-centric model is a significant endorsement of Sonim's growing portfolio of connected devices. It also demonstrates their readiness to meet the needs of both consumers and budget-conscious business customers in 2024. This development signifies another milestone in the growth trajectory of the Sonim Connect family of wireless internet devices as they gear up for the 2024 launch of their second mobile hotspot. (NASDAQ: SONM) today reported the latest advancements in its momentum series. A total of six customers have now chosen Sonim's wireless internet devices for their 2024 line-up. This news builds on previous announcements that three customers had already committed to Sonim's new range of mobile hotspots and modems. Use the battery as a power bank and with Quick Charge you can top it off in no time. Furthermore, it incorporates Wi-Fi® 6E technology and Qualcomm's Snapdragon® 5G X62 Modem RF-system, robust security measures, and Sonim's signature durability and reliability.

Sonim announces strategic expansion of mobile phone ...

www.sonimtech.com

Availability in 2024. For more information about Sonim's new line of phones, contact sales@sonimtech.com. To schedule an executive interview, contact pr@sonimtech.com. 1 Sources: Dsouza, Rishad. "UK: A fifth of consumers want to use their smartphones for over half a decade." YouGov, March 29, 2023.; Grand View Research. "Mobile Phone Protective Cover Market Size, Share & Trends Analysis Report By Product, 2030." Leveraging Sonim’s expertise, they deliver exceptional toughness, long battery life, and high-performance, all without compromising on style or affordability. This strategic move addresses the clear demand in the value-conscious consumer market segment for reliable and high-quality devices at an affordable price point. A recent survey indicates that 36% of consumers rank durability as their top concern when purchasing a phone. This trend is underlined by the annual expenditure on phone cases in the US alone, which exceeds $2B, not including screen protectors and additional insurance costs. The expanded rugged phone market also mirrors this trend and is projected to reach US$ 4.5 billion by 20281. "Our mission is simple: Sonim is putting reliable and value-conscious communication tools in the hands of everyone," says Peter Liu, CEO of Sonim. Our ruggedized phones and accessories are also sold through distributors in North America and Europe. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection.

Sonim Reports Third Quarter 2024 Results, Expands ...

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(Nasdaq: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, software, services and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the quarter ended September 30, 2024. ... Peter Liu, Sonim’s Chief Executive Officer, said: “Revenue grew in the third quarter as demand for our existing rugged smartphones increased and major global markets expand their adoption of our new rugged mobile phone and connected solutions devices, a trend we expect to continue in the fourth quarter. Sonim ended the third quarter of 2024 with $9.1 million in cash and equivalents and remained essentially debt free. Sonim Reports Third Quarter 2024 Results, Expands into Large New Addressable Markets with Additional Products “The third quarter initiated sequential growth in our rugged mobile product lines after our strategic exit from a lower margin ODM business that accounted for approximately half of our revenue in 2023 and significant revenue in the first quarter of 2024,” said Clay Crolius, Chief Financial Officer of Sonim.

About | Sonim

www.sonimtech.com

May 15, 2026 · Read More · Read More · Read More · Read More · Sonim, a NEXA company, showcases new innovation at MWC Barcelona 2026 Read More · Sonim, a NEXA company, showcases new innovation at MWC Barcelona 2026 Read More · Read More · Read More ·

Sonim Reports Third Quarter 2024 Results, Expands into Large New ...

ir.sonimtech.com

Sonim ended the third quarter of 2024 with $9.1 million in cash and equivalents and remained essentially debt free. Trade accounts receivable was $5.2 million and inventory was $12.4 million as the Company prepared for an additional new product launch with a tier one carrier. About Sonim Technologies Sonim Technologies is a leading U.S. provider of ultra-rugged and rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Peter Liu, Sonim's Chief Executive Officer, said: "Revenue grew in the third quarter as demand for our existing rugged smartphones increased and major global markets expand their adoption of our new rugged mobile phone and connected solutions devices, a trend we expect to continue in the fourth quarter. Adjusted EBITDA[*]was negative $1.1 million, improved from negative $2.0 million in the second quarter 2024 · Ended the quarter with cash and cash equivalents totaling $9.1 million, trade accounts receivable of $5.2 million, and inventory valued at $12.4 million · Expanded new product launch activity with carriers and distributors in North America, Europe, South Africa, and Australia for Sonim's new portfolio of connected solutions and next-generation rugged devices "The third quarter initiated sequential growth in our rugged mobile product lines after our strategic exit from a lower margin ODM business that accounted for approximately half of our revenue in 2023 and significant revenue in the first quarter of 2024," said Clay Crolius, Chief Financial Officer of Sonim.

Sonim Announces Strategic Expansion of Mobile Phone Portfolio for ...

ir.sonimtech.com

Availability in 2024. For more information about Sonim's new line of phones, visit sales@sonimtech.com. To schedule an executive interview, contact: pr@sonimtech.com · 1 Sources: Dsouza, Rishad. "UK: A fifth of consumers want to use their smartphones for over half a decade." YouGov, March 29, 2023.; Grand View Research. "Mobile Phone Protective Cover Market Size, Share & Trends Analysis Report By Product, 2030." Leveraging Sonim's expertise, they deliver exceptional toughness, long battery life, and high-performance, all without compromising on style or affordability. This strategic move addresses the clear demand in the value-conscious consumer market segment for reliable and high-quality devices at an affordable price point. A recent survey indicates that 36% of consumers rank durability as their top concern when purchasing a phone. This trend is underlined by the annual expenditure on phone cases in the US alone, which exceeds $2B, not including screen protectors and additional insurance costs. The expanded rugged phone market also mirrors this trend and is projected to reach US$ 4.5 billion by 20281. "Our mission is simple: Sonim is putting reliable and value-conscious communication tools in the hands of everyone," says Peter Liu, CEO of Sonim. Our ruggedized phones and accessories are also sold through distributors in North America and Europe. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection.