Sonim TechnologiesSONM
SONM
About: Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the Canada, and to Bell, Rogers, and Telus and Rogers, Telstra in Australia. The products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.
Employees: 131
0
Funds holding %
of 7,310 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
400% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 1
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
10% more funds holding
Funds holding: 10 [Q4 2024] → 11 (+1) [Q1 2025]
0.29% more ownership
Funds ownership: 1.85% [Q4 2024] → 2.14% (+0.29%) [Q1 2025]
5% less capital invested
Capital invested by funds: $284K [Q4 2024] → $269K (-$15.2K) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for SONM.
Financial journalist opinion
Based on 11 articles about SONM published over the past 30 days
Neutral
Newsfile Corp
1 day ago
Sonim Technologies Special Committee Determines Latest Orbic Proposal to be Inferior to Social Mobile Transaction Amidst Ongoing Strategic Review
Orbic proposal remains conditional, uncertain, and unlikely to maximize value for Sonim stockholders San Diego, California--(Newsfile Corp. - July 2, 2025) - Sonim Technologies (NASDAQ: SONM) today announced that its Special Committee of the Board of Directors (the "Special Committee") has considered, with advice from its financial advisor and legal counsel, the unsolicited, non-binding proposal from Orbic North America, LLC ("Orbic") dated June 26, 2025, and has determined it to be inferior to the previously announced Letter of Intent (the "Social Mobile LOI") between Sonim and Social Mobile for the sale of substantially all of Sonim's operating assets. The Special Committee remains committed to maximizing stockholder value and believes the Social Mobile LOI represents a superior alternative.
Neutral
Newsfile Corp
2 days ago
Sonim Technologies Announces Pricing of $5.55 Million Public Offering
San Diego, California--(Newsfile Corp. - July 1, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced the pricing of a public offering of an aggregate of 7,400,000 shares of its common stock at a public offering price of $0.75 per share. The closing of the offering is expected to occur on or about July 2, 2025, subject to the satisfaction of customary closing conditions.
Neutral
Newsfile Corp
3 days ago
Sonim Technologies Provides Update on Letter of Intent for Reverse Takeover
San Diego, California--(Newsfile Corp. - June 30, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today issued an update regarding the Letter of Intent (LOI) for a proposed reverse takeover (RTO), as originally announced via press release dated June 25, 2025. The RTO is with a private US-based company (the "Target") that is building out Nvidia-based High-Performance Computing (HPC) AI factories to support the hyper growth of cloud-based artificial intelligence (AI) workloads.
Neutral
Newsfile Corp
6 days ago
Sonim Technologies Confirms Receipt of Unsolicited, Non-Binding Proposal from Orbic North America, LLC
No stockholder action required at this time San Diego, California--(Newsfile Corp. - June 27, 2025) - The Special Committee of the Board of Directors (the "Special Committee") of Sonim Technologies, Inc. (NASDAQ: SONM), formed to oversee the Company's ongoing strategic alternatives process, today confirmed receipt of an unsolicited, non-binding proposal from Orbic North America, LLC to acquire substantially all of Sonim's operating assets for $25 million. The proposal, dated June 26, 2025, represented that this $25 million offer would not preclude Sonim consummating the Reverse Take Over (RTO) transaction contemplated in the recently disclosed letter of intent with a private US-based company which is building out Nvidia-based High-Performance Computing (HPC) (see press release dated June 26, 2025, https://ir.sonimtech.com/news-events/press-releases/detail/263/sonim-technologies-signs-letter-of-intent-for-reverse).
Neutral
Newsfile Corp
1 week ago
AJP and Orbic Issue Open Letter to Fellow Sonim Stockholders
Hauppauge, New York--(Newsfile Corp. - June 26, 2025) - AJP Holding Company, LLC ("AJP") and Orbic North America, LLC ("Orbic"), an international leader in mobile technology innovation, which together have an investment representing an approximately 19% economic interest in Sonim Technologies, Inc. (NASDAQ: SONM) ("Sonim" or the "Company"), today sent an open letter to the stockholders of Sonim. In its letter, AJP and Orbic highlight, in the view of AJP and Orbic, the devastating losses suffered by Sonim and its stockholders under the management of the incumbent Board, a series of entrenchment efforts taken by the incumbent board and a seriously flawed strategic evaluation process pursued by the Special Committee of the Board.
Neutral
Newsfile Corp
1 week ago
Orbic Submits Asset Purchase Proposal to Sonim Technologies, Inc.
Offer to acquire substantially all of Sonim's assets for a cash purchase price of $25 million Purchase price equates to a price per share of $2.418 Hauppauge, New York--(Newsfile Corp. - June 26, 2025) - Orbic North America, LLC ("Orbic"), an international leader in mobile technology innovation, sent a revised acquisition proposal letter to Sonim Technologies, Inc. (NASDAQ: SONM) ("Sonim" or the "Company"), today in which Orbic re-emphasized Orbic's interest in negotiating a mutually agreeable transaction with Sonim. In its non-binding proposal, Orbic proposed to purchase substantially all of Sonim's assets for a cash purchase price of $25 million, which equates to a price per share of $2.418.
Neutral
Newsfile Corp
1 week ago
Sonim Technologies Signs Letter of Intent for Reverse Takeover with a Full Stack A.I. Factory Provider
The Integrated Solution Supports the Explosion of AI Workloads with Owned and Operated Data Centers with Dedicated Power Generation San Diego, California--(Newsfile Corp. - June 25, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced the signing of a non-binding Letter of Intent (LOI) for a proposed reverse take-over (RTO) with a private US-based company (the "Target") building out Nvidia-based High-Performance Computing (HPC) A.I. factories to support the hyper growth of cloud-based artificial intelligence (AI) workloads.
Neutral
Newsfile Corp
1 week ago
Orbic North America, LLC Files Definitive Proxy Materials with the Securities and Exchange Commission
Urges Stockholders to Support Real Change on Sonim's Board by Voting FOR Orbic's Highly Qualified Nominees at the Annual Meeting on July 18, 2025 Vote for each Orbic's Board Nominees on the Blue Proxy Card Hauppauge, New York--(Newsfile Corp. - June 24, 2025) - AJP Holding Company, LLC (“AJP”) and Orbic North America, LLC (“Orbic”), an international leader in mobile technology innovation, today announced that they and other participants in their proxy solicitation (collectively, the “AJP/Orbic Parties”) have filed definitive proxy materials with the Securities and Exchange Commission in connection with the 2025 Annual Meeting of Sonim Technologies, Inc. (NASDAQ: SONM) (“Sonim” or the “Company”). AJP and Orbic recommend that the stockholders of Sonim vote for their five highly qualified board nominees, Douglas Benedict, Joseph Glynn, Gregory Johnson, Surendra Singh and Michael Wallace, and withhold votes on the Company board nominees at the annual meeting of stockholders scheduled to be held on July 18, 2025.
Neutral
Newsfile Corp
2 weeks ago
Sonim Technologies Provides Update on Strategic Alternatives Initiatives
Urges Stockholders to Support Sonim's Qualified Director Nominees at the Annual Meeting on July 18, 2025 Vote for each of Sonim Board Nominees on the WHITE Proxy Card San Diego, California--(Newsfile Corp. - June 18, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today outlined its ongoing successful strategic alternatives process and illusory proposals by Orbic North America, LLC ("Orbic"). In January 2025, following the unsolicited approach from Orbic to acquire Sonim, the Sonim Board formed a Special Committee to explore and evaluate a range of strategic alternatives to maximize stockholder value.
Neutral
Newsfile Corp
2 weeks ago
Sonim Technologies Confirms Receipt of Non-Binding Unsolicited Indication of Interest
San Diego, California--(Newsfile Corp. - June 16, 2025) - The Special Committee of the Board of Directors (the "Special Committee") of Sonim Technologies, Inc. (NASDAQ: SONM), formed to oversee the Company's ongoing strategic alternatives process, today confirmed receipt of an unsolicited indication of interest issued by DOOGEE on June 9, 2025 in the form of a press release, to acquire all outstanding shares of Sonim for $3.60 per share in cash. The Special Committee issued the following statement on the matter: At this time, the Special Committee lacks sufficient information to evaluate DOOGEE's indication of interest in a manner consistent with its fiduciary duties to Sonim's stockholders.
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