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1. Company Snapshot

1.a. Company Description

Sonim Technologies, Inc.provides ruggedized mobile phones and accessories for task workers.The company offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, Sonim XP3, and Sonim XP3plus based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services.


It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells ruggedized phones, barcode scanners, and accessories through distribution channels in North America, South America, and Europe.The company serves transportation and logistics, construction, manufacturing, facilities management, energy and utility, and public sectors.The company was formerly known as NaviSpin.com, Inc.


and changed its name to Sonim Technologies, Inc.in December 2001.Sonim Technologies, Inc.


was incorporated in 1999 and is based in Austin, Texas.

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1.b. Last Insights on SONM

Recent negative drivers behind Sonim Technologies' performance include uncertainty surrounding its strategic review process, which may be affecting investor confidence. The formation of a special committee to evaluate inbound strategic alternatives has led to market speculation, causing uncertainty. Additionally, the company's reliance on non-dilutive financing, such as the recent $3 million promissory note, may indicate liquidity concerns. Furthermore, the agreement in principle for Orbic North America to acquire a substantial equity ownership position in Sonim may raise concerns about the company's future direction.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Sonim Technologies Files Preliminary Proxy Statement, Advancing Asset Purchase by NEXA Mobility

Nov -25

Source: newsfilecorp.com

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Sonim Technologies Reports Third Quarter 2025 Financial Results

Oct -31

Source: newsfilecorp.com

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Sonim Launches XP3plus 5G Ultra-Rugged Flip Phone on AT&T; FirstNet Certified

Aug -19

Source: newsfilecorp.com

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Sonim Technologies Reports Second Quarter 2025 Financial Results

Aug -08

Source: newsfilecorp.com

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Sonim XP Pro Ultra-Rugged Smartphone Now Available Across Canada on Bell, Telus, Rogers, and SaskTel

Jul -30

Source: newsfilecorp.com

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Sonim XP Pro Ultra-Rugged Smartphone Launches on T-Mobile

Jul -23

Source: newsfilecorp.com

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Sonim Technologies Stockholders Elect All Five Sonim Nominees at 2025 Annual Meeting

Jul -22

Source: newsfilecorp.com

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SONM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sonim Technologies, Inc. Is Fair to Shareholders

Jul -18

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.30%)

6. Segments

Tablets

Expected Growth: 8%

Sonim Technologies' tablets are experiencing 8% growth driven by increasing demand for rugged devices in industries such as construction, public safety, and logistics. The company's focus on durability, water resistance, and long battery life resonates with customers seeking reliable devices for harsh environments. Additionally, Sonim's partnerships with major carriers and its expanding distribution network contribute to the growth.

Smartphones

Expected Growth: 10%

Sonim Technologies' 10% growth in smartphones is driven by increasing demand for rugged devices in industries such as construction, public safety, and logistics. Additionally, the company's focus on 5G-enabled devices, expansion into new markets, and partnerships with major carriers are contributing to its growth.

Feature Phones

Expected Growth: 6%

Sonim Technologies' Feature Phones segment growth is driven by increasing demand for rugged devices in industries such as construction, public safety, and logistics. Additionally, the need for simple, reliable, and affordable devices in emerging markets and among seniors contributes to the growth. Furthermore, the company's focus on innovation, quality, and customer satisfaction also supports the segment's expansion.

Accessories/Other

Expected Growth: 7%

Sonim Technologies' Accessories/Other segment growth of 7% is driven by increasing demand for rugged devices, expansion into new markets, and strategic partnerships. The company's focus on innovation, quality, and durability has led to increased sales of accessories such as cases, batteries, and chargers, complementing its rugged smartphone offerings.

7. Detailed Products

XP8

Rugged smartphone designed for harsh environments, featuring a long-lasting battery, loud speaker, and advanced camera capabilities.

XP5s

Ultra-rugged smartphone with enhanced durability, advanced camera capabilities, and a long-lasting battery, designed for extreme environments.

XP3

Rugged feature phone designed for simplicity and reliability, featuring a long-lasting battery, loud speaker, and basic camera capabilities.

SonimCloud

Cloud-based platform for remote device management, providing real-time monitoring, software updates, and security features for Sonim devices.

SonimCare

Comprehensive support and warranty program offering dedicated support, priority repair, and extended warranty options for Sonim devices.

8. Sonim Technologies, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Sonim Technologies, Inc. faces moderate threat from substitutes due to the availability of alternative rugged devices from competitors.

Bargaining Power Of Customers

Sonim Technologies, Inc. has a diverse customer base, which reduces the bargaining power of individual customers.

Bargaining Power Of Suppliers

Sonim Technologies, Inc. relies on a few key suppliers for components, which gives them some bargaining power.

Threat Of New Entrants

The rugged device market has high barriers to entry, making it difficult for new entrants to compete with Sonim Technologies, Inc.

Intensity Of Rivalry

The rugged device market is highly competitive, with several established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 0.25%
Debt Cost 3.95%
Equity Weight 99.75%
Equity Cost 15.88%
WACC 15.85%
Leverage 0.25%

11. Quality Control: Sonim Technologies, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Sonim Technologies

A-Score: 4.7/10

Value: 10.0

Growth: 4.2

Quality: 4.1

Yield: 0.0

Momentum: 10.0

Volatility: 0.0

1-Year Total Return ->

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Stock-Card
Harmonic

A-Score: 4.3/10

Value: 5.1

Growth: 6.0

Quality: 7.4

Yield: 0.0

Momentum: 2.0

Volatility: 5.3

1-Year Total Return ->

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Stock-Card
Ondas

A-Score: 4.0/10

Value: 6.0

Growth: 4.8

Quality: 3.1

Yield: 0.0

Momentum: 10.0

Volatility: 0.3

1-Year Total Return ->

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Stock-Card
Akoustis Technologies

A-Score: 3.5/10

Value: 10.0

Growth: 4.9

Quality: 5.1

Yield: 0.0

Momentum: 0.5

Volatility: 0.7

1-Year Total Return ->

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Stock-Card
Viasat

A-Score: 3.5/10

Value: 6.0

Growth: 1.9

Quality: 1.9

Yield: 0.0

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

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Stock-Card
Comtech

A-Score: 2.9/10

Value: 9.8

Growth: 1.2

Quality: 3.5

Yield: 1.0

Momentum: 1.0

Volatility: 0.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

6.28$

Current Price

6.29$

Potential

-0.00%

Expected Cash-Flows