Yahoo Finance Sonim Technologies Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Sonim Technologies (NASDAQ:SONM) Second Quarter 2024 Results
Key Financial Results
Revenue: US$11.5m (down 57% from 2Q 2023).
Net loss: US$6.62m (down from US$509.0k profit in 2Q 2023).
US$1.41 loss per share (down from US$0.12 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sonim Technologies Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 161%.
Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Tech industry in the US.
Performance of the American Tech industry.
The company's shares are down 12% from a week ago.
Risk Analysis
We should say that we've discovered 5 warning signs for Sonim Technologies (1 is a bit unpleasant!) that you should be aware of before investing here.
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