Sonim Technologies Inc (SONM)
NASDAQ:SONM
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Sonim Technologies
(NASDAQ:SONM)
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Rating:44Neutral
Price Target:
$4.50
▲(20.64% Upside)
Action:Reiterated
Date:06/05/26
The score is weighed down primarily by distressed financial performance (unstable revenue, persistent losses, negative equity, and accelerating cash burn) and negative corporate events (reduced financing flexibility and Nasdaq delisting risk). Technical indicators provide only modest near-term support, while valuation is constrained by unprofitability and no stated dividend yield.
Positive Factors
Rugged enterprise device niche
Sonim’s focus on ruggedized devices for enterprise and industrial users creates a durable niche less susceptible to consumer commoditization. Harsh-environment hardware has higher switching costs, predictable replacement cycles, and steady demand from frontline workforces, supporting long-term product revenue and accessory sales.
Negative Factors
Severe and worsening cash burn
Consistent, large negative operating and free cash flow that materially worsened on a TTM basis signals an unsustainable cash burn. This exhausts liquidity, forces reliance on external financing, and constrains investment in product development and channels—raising medium-term survival and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Rugged enterprise device niche
Sonim’s focus on ruggedized devices for enterprise and industrial users creates a durable niche less susceptible to consumer commoditization. Harsh-environment hardware has higher switching costs, predictable replacement cycles, and steady demand from frontline workforces, supporting long-term product revenue and accessory sales.
Read all positive factors
Sonim Technologies (SONM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.07M
Dividend YieldN/A
Average Volume (3M)1.30M
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth4.17%
EPS Growth-238.36%
CountryUS
Employees160
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 Cap0.62
Enterprise Value/Revenue-0.26
Enterprise Value/Gross Profit-0.35
Enterprise Value/Ebitda-0.57
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
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 | 5.24M | 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
Positive
3.73
Price Trends
4.20
Positive
4.62
Positive
6.92
Negative
Market Momentum
0.10
Negative
51.96
Neutral
45.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SONM, the sentiment is Positive. The current price of 3.73 is below the 20-day moving average (MA) of 4.69, below the 50-day MA of 4.20, and below the 200-day MA of 6.92, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 51.96 is Neutral, neither overbought nor oversold. The STOCH value of 45.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $37.57M | 19.45 | 32.21% | ― | 867.91% | 98.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | $26.68M | -5.25 | -13.41% | ― | -17.47% | -81.59% | |
44 Neutral | $7.07M | -0.41 | 1515.04% | ― | 4.17% | -238.36% | |
41 Neutral | $2.01M | -0.01 | -260.09% | ― | -49.61% | 28.35% |
* Technology Sector Average
SONM
Sonim Technologies
4.75
-15.41
-76.43%
UTSI
UTStarcom
2.81
0.52
22.44%
FIEE
FiEE
4.41
1.30
41.64%
ASNS
Actelis Networks, Inc.
0.08
-6.93
-98.90%
MOB
Mobilicom
5.89
3.21
119.78%
Sonim Technologies Corporate Events
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.