Sonim technologies posts q4 loss per share of $0.41

Sonim technologies reports 2019 financial results, restructuring update.q4 loss per share $0.41.q4 revenue fell 63 percent to $17.2 million.q4 revenue estimate $27.7 million -- refinitiv ibes data.q4 earnings per share estimate $-0.14 -- refinitiv ibes data.within every function of business, identified opportunities to streamline our operations and reduce costs.intends to relocate its headquarters to austin, texas, a lower cost location, as swiftly as possible.anticipate a challenging first portion of year for 2020.remains uncertainty related to public health situation in china and elsewhere.restructuring in company's china operations has been deferred until health crisis subsides and moratorium is lifted.sonim technologies - has reduced global headcount from about 700 employees at year-end 2018, to about 500 employees as of december 31, 2019.impact of covid-19 has delayed execution of certain portions of our planned restructuring actions.there is an increasing likelihood that results could be impacted by interruption in operation of facility in shenzhen in q1.executed additional reduction in force of approximately 10% of its us employees in feb 2020.sonim technologies - restructuring expected to result in run-rate savings of about 20% or $12 million from co's 2019 operating expense run-rate, excluding one-time ipo related costs.
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