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Sonim Technologies
(NASDAQ:SONM)
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Rating:40Underperform
Price Target:
$3.00
▼(-7.98% Downside)
Action:Downgraded
Date:08/20/26
Overall score is held down primarily by weak financial performance (ongoing losses, heavy cash burn, and negative equity). Technicals also reflect a sustained downtrend (below major moving averages with negative MACD). Corporate events are mixed but net risk-tilted due to delisting pressure and reduced financing flexibility, partially offset by the preferred financing.
Positive Factors
Rugged mobility niche
Focus on rugged communications for field service, construction, logistics, and first responders gives Sonim a defined market niche with specialized use cases. This positioning can support customer relevance and product differentiation over the next several quarters, provided the company converts that niche into sustainable operating returns.
Negative Factors
Persistent cash burn
Deeply negative operating and free cash flow shows that the business is not currently self-funding its operations. Ongoing cash consumption can force reliance on external financing or asset resources, limiting strategic flexibility and making future growth more dependent on continued access to capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Rugged mobility niche
Focus on rugged communications for field service, construction, logistics, and first responders gives Sonim a defined market niche with specialized use cases. This positioning can support customer relevance and product differentiation over the next several quarters, provided the company converts that niche into sustainable operating returns.
Read all positive factors
Sonim Technologies (SONM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.56M
Dividend YieldN/A
Average Volume (3M)11.78K
Price to Earnings (P/E)―
Beta (1Y)0.15
Revenue Growth4.17%
EPS Growth-238.36%
CountryUS
Employees4
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-1.27
Shares Outstanding1,488,268
10 Day Avg. Volume9,027
30 Day Avg. Volume11,780
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 primarily makes money by selling rugged mobile hardware and related solutions through carrier and distribution channels that serve enterprise customers. Key revenue streams include: (1) device sales of Sonim-branded rugged smartphones (and, ...
Sonim Technologies Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
24
Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -27.91M | 0.00 | 58.30M | 93.63M | 69.83M | 54.57M |
| Gross Profit | -13.50M | -4.30M | 9.92M | 19.32M | 11.62M | 6.41M |
| EBITDA | -2.52M | -2.17M | -29.84M | 2.50M | -11.43M | -36.33M |
| Net Income | -8.55M | -20.66M | -33.65M | -90.00K | -14.09M | -38.63M |
Balance Sheet | ||||||
| Total Assets | 4.52M | 43.90M | 39.74M | 56.04M | 53.69M | 41.09M |
| Cash, Cash Equivalents and Short-Term Investments | 900.00K | 1.30M | 5.34M | 9.40M | 13.21M | 11.23M |
| Total Debt | 2.40M | 5.07M | 0.00 | 55.00K | 213.00K | 214.00K |
| Total Liabilities | 5.75M | 50.63M | 45.44M | 33.67M | 33.64M | 22.46M |
| Stockholders Equity | -1.23M | -6.73M | -5.70M | 22.37M | 20.05M | 18.63M |
Cash Flow | ||||||
| Free Cash Flow | -14.60M | -23.53M | -8.70M | -4.09M | -12.37M | -38.52M |
| Operating Cash Flow | -14.51M | -23.53M | -8.49M | -4.05M | -12.36M | -38.48M |
| Investing Cash Flow | 3.26M | 0.00 | -214.00K | -36.00K | -8.00K | -46.00K |
| Financing Cash Flow | 10.13M | 19.49M | 4.65M | 272.00K | 14.35M | 27.61M |
Sonim Technologies Technical Analysis
Negative
3.26
Price Trends
3.45
Negative
4.10
Negative
4.36
Negative
Market Momentum
-0.13
Positive
37.87
Neutral
18.78
Positive
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 3.26 is below the 20-day moving average (MA) of 3.27, below the 50-day MA of 3.45, and below the 200-day MA of 4.36, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 37.87 is Neutral, neither overbought nor oversold. The STOCH value of 18.78 is Positive, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $32.84M | 7.59 | 59.33% | ― | 28925.73% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $59.19M | -1.40 | -299.81% | ― | 28.74% | -79419.35% | |
47 Neutral | $21.55M | -1.37 | -45.03% | ― | -21.23% | -52.50% | |
40 Underperform | $4.56M | -2.38 | 391.03% | ― | 4.17% | -238.36% | |
39 Underperform | $1.23M | -0.01 | -143.41% | ― | -22.15% | 71.74% |
* Technology Sector Average
SONM
Sonim Technologies
3.02
-9.66
-76.17%
UTSI
UTStarcom
2.28
0.13
6.05%
FIEE
FiEE
3.87
0.95
32.53%
ASNS
Actelis Networks, Inc.
0.04
-4.24
-99.07%
MOB
Mobilicom
4.49
-3.21
-41.68%
Sonim Technologies Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Sonim Technologies Maintains Nasdaq Compliance Amid Monitoring Period
Neutral
Aug 31, 2026
On August 28, 2026, DNA X, Inc. reported that a Nasdaq Hearings Panel determined the company had regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires at least $2.5 million in stockholders’ equity for companies on the Nasda...
Business Operations and StrategyExecutive/Board Changes
Sonim Technologies Adopts Cash-Based Director Compensation Structure
Neutral
Aug 27, 2026
On August 21, 2026, DNA X, Inc.’s compensation committee approved cash awards for all board members, including CEO Mike Mulica, to replace restricted stock unit grants that could not be issued due to a lack of available shares under the comp...
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...
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.