Sonim Technologies Inc   (SONM)

Looking into fourth quarter of 2022 numbers, SONMs' experienced stellar revenue improvement, smaller deficit

Sonim Technologies Inc reported fourth quarter of 2022 operating loss of $-1.059 million

Published Mar 25 2023
Goran Soko / CSIMarket.com Contributer

Base_station_installation_telenor_norway_By_HLundgaard_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common Respectable Revenue improvement in the fiscal fourth quarter of 2022, by 51.39 % to $24.12 million supported to cut losses to $-0.02 per share, from $-0.18 in similar reporting period a year before.

In contrast to the Q3 revenue improved by 17.666 % from $20.50 million and EPS improved from $-0.04 per share.

In the fourth quarter of 2022 earnings season Sonim Technologies Inc reported net shortfall of $-1.042 million, instead of deficit of $-11.722 million in the similar reporting period a year ago.

Additionally, the company pointed out also net loss of $-14.09 million and for the fiscal 12 Months 2022, revenue of $69.83 million.

Communications Equipment The company has decreased it's shortfall per share to $-0.49 from $-4.08 in the prior fiscal year, while revenue improved by 27.96 % from $54.57 million a year before.

Sonim Technologies Inc is expected to report next financial results on May 01, 2023.

Sonim Technologies Inc's Net Profit Margin

Sonim Technologies Inc's ROE


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