Sonim Technologies Inc (SONM)
NASDAQ:SONM
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Sonim Technologies
(NASDAQ:SONM)
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Rating:44Neutral
Price Target:
$4.00
▲(7.24% Upside)
Action:ReiteratedDate:04/23/26
The score is primarily dragged down by severe financial deterioration (revenue collapse to $0, ongoing large losses, accelerating cash burn, and negative equity). Technicals are only modestly supportive with a short-term bounce but a longer-term downtrend, while valuation remains unattractive due to negative earnings. Corporate events provide some strategic optionality from the asset sale/rebrand, but leadership turnover and execution risk keep the overall score low.
Positive Factors
Low leverage
The company’s near-zero reported debt materially reduces interest expense and lowers bankruptcy and liquidity pressure during a strategic transition. For 2–6 months this durable low-leverage profile preserves optionality to restructure, pursue M&A, or fund the pivot without heavy fixed financing costs.
Negative Factors
Revenue collapse
A fall to effectively zero reported revenue is a fundamental structural concern: it erodes scale, destroys customer relationships, and removes the existing product-driven cash engine. Restoring meaningful top-line is a multimonth challenge and central to any credible recovery or pivot.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The company’s near-zero reported debt materially reduces interest expense and lowers bankruptcy and liquidity pressure during a strategic transition. For 2–6 months this durable low-leverage profile preserves optionality to restructure, pursue M&A, or fund the pivot without heavy fixed financing costs.
Read all positive factors
Sonim Technologies (SONM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.13M
Dividend YieldN/A
Average Volume (3M)1.30M
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth4.17%
EPS Growth-238.36%
CountryUS
Employees160
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,488,268
10 Day Avg. Volume736,839
30 Day Avg. Volume1,298,613
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.34
Price to Sales (P/S)0.00
P/FCF Ratio-0.10
Enterprise Value/Market Cap1.24
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-2.06
Enterprise Value/Ebitda-4.09
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)19.98
Revenue Forecast (FY)$143.20M
Sonim Technologies Business Overview & Revenue Model
Company Description
DNA X, Inc. provides enterprise 5G solutions in the United States, Canada, Europe, the Middle East, and the Asia Pacific. The company offers ruggedized cell phones for task workers, which include Sonim XP10, Sonim XP5plus, Sonim XP3plus, and Sonim...
How the Company Makes Money
Sonim makes money primarily by selling rugged mobile hardware (such as rugged smartphones and feature phones) through wireless carriers, distributors, and other channel partners to enterprise and industrial customers. Revenue is recognized from pr...
Sonim Technologies Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
8
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 58.30M | 93.63M | 69.83M | 54.57M |
| Gross Profit | -4.30M | 9.92M | 19.32M | 11.62M | 6.41M |
| EBITDA | -1.11M | -29.84M | 2.50M | -11.43M | -36.33M |
| Net Income | -20.66M | -33.65M | -90.00K | -14.09M | -38.63M |
Balance Sheet | |||||
| Total Assets | 43.90M | 39.74M | 56.04M | 53.69M | 41.09M |
| Cash, Cash Equivalents and Short-Term Investments | 1.30M | 5.34M | 9.40M | 13.21M | 11.23M |
| Total Debt | 5.24M | 0.00 | 55.00K | 213.00K | 214.00K |
| Total Liabilities | 50.63M | 45.44M | 33.67M | 33.64M | 22.46M |
| Stockholders Equity | -6.73M | -5.70M | 22.37M | 20.05M | 18.63M |
Cash Flow | |||||
| Free Cash Flow | -23.53M | -8.70M | -4.09M | -12.37M | -38.52M |
| Operating Cash Flow | -23.53M | -8.49M | -4.05M | -12.36M | -38.48M |
| Investing Cash Flow | 0.00 | -214.00K | -36.00K | -8.00K | -46.00K |
| Financing Cash Flow | 19.49M | 4.65M | 272.00K | 14.35M | 27.61M |
Sonim Technologies Technical Analysis
Negative
3.73
Price Trends
4.36
Negative
4.71
Negative
8.16
Negative
Market Momentum
-0.31
Negative
39.16
Neutral
27.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SONM, the sentiment is Negative. The current price of 3.73 is above the 20-day moving average (MA) of 3.26, below the 50-day MA of 4.36, and below the 200-day MA of 8.16, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 39.16 is Neutral, neither overbought nor oversold. The STOCH value of 27.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SONM.
Sonim Technologies Risk Analysis
Sonim Technologies disclosed 56 risk factors in its most recent earnings report. Sonim Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sonim Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $56.97M | 16.83 | 33.19% | ― | 867.91% | 98.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | $23.02M | -2.94 | -13.41% | ― | -17.47% | -81.59% | |
44 Neutral | $7.13M | -0.11 | 1515.04% | ― | 4.17% | -238.36% | |
39 Underperform | $2.46M | -0.09 | -260.09% | ― | -52.69% | 28.20% |
* Technology Sector Average
SONM
Sonim Technologies
4.79
-23.11
-82.83%
UTSI
UTStarcom
2.43
-0.18
-6.73%
FIEE
FiEE
7.18
6.26
680.43%
ASNS
Actelis Networks, Inc.
0.09
-7.26
-98.75%
MOB
Mobilicom
5.98
4.39
274.92%
Sonim Technologies Corporate Events
Business Operations and StrategyExecutive/Board Changes
Sonim Technologies Names Mike Mulica Acting Chief Executive
Positive
Feb 10, 2026
Effective February 9, 2026, DNA X, Inc. appointed executive chairman Mike Mulica as acting chief executive officer and principal executive officer, formalizing his expanded leadership role after serving in various positions at the company since Ap...
Business Operations and StrategyExecutive/Board Changes
Sonim Technologies Sees Executive Departures and New Board Appointment
Negative
Feb 5, 2026
On January 30, 2026, Peter Liu resigned as chief executive officer and a director of DNA X, Inc., and on February 3, 2026, chief commercial officer Charles Becher submitted his resignation, effective January 29, 2026; both departures were not due ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.