Sonim Technologies (SONM) Projected to Post Earnings on Friday

Sonim Technologies (NASDAQ:SONM) is projected to announce its results before the market opens on Friday, January 30th. Analysts expect the company to announce earnings of $10.97 per share for the quarter.

Sonim Technologies (NASDAQ:SONM) last released its quarterly earnings data on Friday, October 31st. The company reported ($3.86) EPS for the quarter, missing analysts’ consensus estimates of $5.40 by ($9.26). Sonim Technologies had a negative net margin of 56.48% and a negative return on equity of 1,627.75%. The company had revenue of $16.21 million during the quarter, compared to the consensus estimate of $34.34 million. On average, analysts expect Sonim Technologies to post $-2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sonim Technologies Trading Up 15.3%

NASDAQ:SONM opened at $5.97 on Friday. Sonim Technologies has a 1-year low of $2.52 and a 1-year high of $62.28. The firm has a market capitalization of $6.15 million, a price-to-earnings ratio of -0.45 and a beta of 1.57. The business’s 50-day moving average price is $5.21 and its two-hundred day moving average price is $9.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sonim Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sonim Technologies has an average rating of “Sell”.

Hedge Funds Weigh In On Sonim Technologies

A hedge fund recently bought a new stake in Sonim Technologies stock. XTX Topco Ltd acquired a new position in shares of Sonim Technologies, Inc. (NASDAQ:SONM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.14% of Sonim Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.26% of the company’s stock.

About Sonim Technologies

Sonim Technologies, Inc (NASDAQ: SONM) is a specialty device manufacturer focused on mission-critical communications. The company designs, develops and markets ultra-rugged mobile handsets, push-to-talk (PTT) devices, accessories and supporting software platforms for customers operating in the most demanding environments. Sonim’s product line emphasizes durability, extended battery life and secure connectivity, tailored to industries where reliable voice and data services are essential.

At the core of Sonim’s offering are its hardened smartphones and PTT devices, engineered to meet or exceed military- and industrial-grade specifications for shock, water, dust and temperature resistance.