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Sonim Technologies ( (SONM) ) has issued an announcement.
On July 17, 2025, Sonim Technologies entered into an asset purchase agreement with Pace Car Acquisition LLC to sell its enterprise 5G solutions business for $15 million, with potential additional earn-out payments based on performance. The agreement includes provisions for a reverse merger and restricts the company from soliciting alternative transactions, while also outlining conditions for termination and associated fees.
Spark’s Take on SONM Stock
According to Spark, TipRanks’ AI Analyst, SONM is a Underperform.
Sonim Technologies is dealing with significant financial instability, characterized by declining revenues, negative profitability, and a weakened balance sheet. The technical indicators suggest ongoing downward pressure on the stock price, while valuation metrics show a lack of attractiveness due to negative earnings. Immediate improvements in financial performance are necessary to enhance the stock’s prospects.
To see Spark’s full report on SONM stock, click here.
More about Sonim Technologies
Sonim Technologies, Inc. operates in the telecommunications industry, focusing on enterprise 5G solutions. The company offers rugged handsets, smartphones, wireless internet devices, software, services, and accessories.
Average Trading Volume: 4,447,237
Technical Sentiment Signal: Sell
Current Market Cap: $12.24M
See more insights into SONM stock on TipRanks’ Stock Analysis page.