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Sonim Technologies
(NASDAQ:SONM)
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Rating:42Neutral
Price Target:
$3.50
▼(-6.17% Downside)
Action:Reiterated
Date:07/16/26
The score is primarily pressured by distressed financial performance (unstable revenue, persistent losses, negative equity, and accelerating cash burn). Technicals add caution with the stock trading below key moving averages and weak momentum. Corporate events are mixed—some capital structure support, but heightened risk from delisting and reduced financing flexibility—while valuation is constrained by negative earnings.
Positive Factors
Niche rugged device market
Sonim's focus on rugged mobile devices for enterprise and industrial users creates a specialized product niche with higher switching costs and long replacement cycles. That structural position supports steadier demand from frontline customers and a defensible market segment versus commodity smartphones.
Negative Factors
Negative equity and balance sheet deterioration
The shift to negative equity reflects material capital erosion and reduces financing flexibility. Negative shareholders' equity constrains the company's ability to access unsecured capital, increases creditor and regulatory scrutiny, and elevates long-term solvency risk even if nominal debt is modest.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche rugged device market
Sonim's focus on rugged mobile devices for enterprise and industrial users creates a specialized product niche with higher switching costs and long replacement cycles. That structural position supports steadier demand from frontline customers and a defensible market segment versus commodity smartphones.
Read all positive factors
Sonim Technologies (SONM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.67M
Dividend YieldN/A
Average Volume (3M)1.30M
Price to Earnings (P/E)―
Beta (1Y)0.03
Revenue Growth4.17%
EPS Growth-238.36%
CountryUS
Employees4
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-23.32
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 Cap<0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
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., formerly known as Sonim Technologies, Inc. until its rebranding in January 2026, is a company established in 1999 and headquartered in San Diego, California. The firm specializes in delivering enterprise-grade 5G solutions across a br...
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
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
8
Very Negative
| Breakdown | Mar 2026 | 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 | -2.17M | -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 | 5.07M | 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
4.47
Negative
4.24
Negative
5.81
Negative
Market Momentum
-0.42
Positive
36.26
Neutral
22.09
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 below the 20-day moving average (MA) of 4.10, below the 50-day MA of 4.47, and below the 200-day MA of 5.81, indicating a bearish trend. The MACD of -0.42 indicates Positive momentum. The RSI at 36.26 is Neutral, neither overbought nor oversold. The STOCH value of 22.09 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 43 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 | $31.13M | 16.22 | 32.21% | ― | 6652284.00% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | $22.69M | -2.84 | -13.41% | ― | -17.47% | -81.59% | |
43 Neutral | $64.68M | -1.84 | -349.07% | ― | 5.75% | -47139.02% | |
42 Neutral | $4.67M | -0.13 | 1515.04% | ― | 4.17% | -238.36% | |
40 Underperform | $2.06M | -0.01 | -204.44% | ― | -49.61% | 28.35% |
* Technology Sector Average
SONM
Sonim Technologies
3.13
-9.85
-75.88%
UTSI
UTStarcom
2.44
-0.04
-1.57%
FIEE
FiEE
3.24
0.41
14.59%
ASNS
Actelis Networks, Inc.
0.08
-5.17
-98.51%
MOB
Mobilicom
4.94
1.26
34.24%
Sonim Technologies Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Sonim Technologies Strengthens Capital Structure With Preferred Financing
Positive
Jul 2, 2026
On June 29, 2026, DNA X, Inc. agreed to sell 1,346,531 shares of non-voting Series B Convertible Preferred Stock to major shareholder DNA Holdings Venture, Inc. in a private placement, raising $8.1 million through $5 million in cash and cancellati...
Business Operations and StrategyPrivate Placements and Financing
Sonim Technologies Ends Major Equity Purchase Agreement
Negative
Jun 4, 2026
DNA X, Inc. previously entered into a ChEF Purchase Agreement with Chardan Capital Markets LLC on September 29, 2025, under which Chardan committed, subject to conditions, to purchase up to $500 million of the company’s common stock and rece...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Sonim Technologies Faces Nasdaq Delisting After New Financing
Negative
May 27, 2026
On May 20, 2026, DNA X, Inc. entered into a securities purchase agreement with DNA Holdings Venture, Inc., and on May 26, 2026, it issued a $3.05 million secured convertible note, funded by $1.8 million in cash and the exchange of a prior note plu...
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.