Sonim Technologies Inc (SONM) Earnings Report, Financial Results, Financial analysis

Sonim Technologies Inc reported in the first quarter of 2023 net earnings per share of $0.01 an improvement compare to net loss per share of $-0.38 recorded a year ago and an improvement compare to net loss per share of $-0.02 realized in previous quarter.

*first quarter of 2023*
Earnings Per Share	Revenues
$ 0.01	$ 26 Mill
$+0.39	$+13M +94.61 %

Sonim Technologies Inc 's Revenue rose by 94.61 % in first quarter of 2023 (Mar 31 2023) year on year, to $26 million and advanced by 6.98 % sequentially.

Sonim Technologies Inc is Expected to report next financial results on June 28, 2023.

More on SONM's Income Statement

SONM's NET INCOME

Sonim Technologies Inc 's net income of $0.227 million in the first quarter of 2023 increased from net loss of $-7.212 million I. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-1.042 million recorded in previous quarter.

More on SONM's Growth

Sonim Technologies Inc Inventories
Inventories declined by -13.64 % to $4.51 million from I. Quarter a year ago, sequentially inventories rose by 15.29 %. In Mar 31 2023 company's net cash and cash equivalents decreased by $-4 million

Earnings quality

Sonim Technologies Inc does not pay out common stock dividend.

In trailing twelve-month period Sonim Technologies Inc payed $ -0.39 cash per share, on a free-cash flow basis .

Book value grew by 72.80 % sequentially to $0.50 per share.
Tangible Book value grew to $ 0.50 per share from $ 0.29.

Company repurchased 27.70 million shares or 40.26 % in Mar 31 2023.

• More on SONM's Dividends

Market Capitalization (Millions)	46
Shares Outstanding (Millions)	41
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	82
Net Income (TTM) (Millions $)	-7
Cash Flow (TTM) (Millions $)	-2
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

Sonim Technologies Inc does not pay out common stock dividend.

In trailing twelve-month period Sonim Technologies Inc had negative $ -0.39 cash flow per share, on a free-cash flow basis .

Book value grew by 72.80 % sequentially to $0.50 per share.
Tangible Book value grew to $ 0.50 per share from $ 0.29.

Company repurchased 27.70 million shares or 40.26 % in Mar 31 2023.

• More on SONM's Balance Sheets

Market Capitalization (Millions)	46
Shares Outstanding (Millions)	41
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	82
Net Income (TTM) (Millions $)	-7
Cash Flow (TTM) (Millions $)	-2
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Sonim Technologies Inc

SONM's Financial Statements and Analysis