Sonim reports 25% sequential increase in revenue, continues advancement into new addressable markets

Advancing 13 carrier awards toward launch dates commencing in summer 2024 entry into new product markets and europe drive 2024 growth opportunities expanding portfolio and carrier awards boost company's addressable market from $400m to $52b [*] san diego, california--(newsfile corp. - may 14, 2024) - sonim technologies, inc. (nasdaq: sonm), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, consumer durable mobile devices, and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the quarter ended march 31, 2024. first quarter 2024 and recent highlights net revenues increased by 25% sequentially, to $16.8 million gaap net loss for the quarter was $2.9 million, compared to net loss of $1.4 million in the fourth quarter 2023 due to sales product mix.
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