Sonim Technologies, Inc. (NASDAQ:SONM) is set to announce third quarter earning results on Wednesday 11th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SONM to report 3Q20 loss of $ 0.19 per share.
For the full year, analysts anticipate top line of $ 71.12 million, while looking forward to loss of $ 0.85 per share bottom line.
Previous Quarter Performance
Sonim Technologies, Inc. outlined loss for the second quarter of $ 0.22 per share, from the revenue of $ 21.06 million. The quarterly revenues contracted 51.86 percent compared with the same quarter last year. According to street consensus, SONM was expected to report 2Q20 loss of $ 0.27 per share from revenue of $ 14.90 million. The bottom line results beat street analysts by $ 0.05 or 18.52 percent, at the same time, top line results outshined analysts by $ 6.16 million or 41.34 percent.
Stock Performance
Shares of Sonim Technologies, Inc. traded low $ -0.01 or -1.56 percent on Tuesday, reaching $ 0.57 with volume of 783.20 thousand shares. Sonim Technologies, Inc. has traded high as $ 0.60 and has cracked $ 0.54 on the downward trend
The closing price of $ 0.57, representing a 38.10 % increase from the 52 week low of $ 0.42 and a 85.2 % decrease over the 52 week high of $ 3.92.
The company has a market capital of $ 37.43 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Sonim Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 11th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sonimtech.com
Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. It offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, and Sonim XP3 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.
