Company: SONM
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009749
Chunk: 41

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 2
Chunk 41
---
Forward-Looking
Statements

You
should read the following discussion and analysis of our financial condition and results of operations together with “Cautionary
Note About Forward-Looking Statements” and our condensed consolidated financial statements and related notes included under Item
1 of this Quarterly Report as well as our most recent Annual Report on Form 10-K for the year ended December 31, 2024 as amended, including
Part 1, Item 1A “Risk Factors.”

Company
Overview

Sonim
Technologies, based in the United States, is a leading provider of enterprise 5G solutions, offering a robust portfolio that includes
rugged handsets, smartphones, wireless internet devices, software, services, and accessories. These products are engineered for reliable
communication in challenging and unpredictable environments, serving sectors such as critical communications, first responders, government,
industrial, construction, hospitality, and logistics. We currently have products available at all three U.S. Tier-one carriers –
AT&T, T-Mobile and Verizon as well as the three primary carriers in Canada – Bell, Telus and Rogers, and Telstra in Australia.
These carriers then resell our products, along with network services, to end customers focusing on two primary end markets: industrial
enterprise and public sector. We also sell our products through distributors and resellers in various markets, including Europe and South
Africa.

In
2023, Sonim announced a strategic expansion initiative, focusing on broadening its market reach with new products, geographical markets,
and customer segments including enterprise, small and medium business, and prosumers. This strategy is underpinned by a strong emphasis
on execution. We have introduced new product categories: Connected Solutions featuring wireless internet products, a next-generation
rugged smartphone, and a new range of mid and low-tier professional rugged phones, all boasting IP ratings, MIL-STD-810H standards, and
elements of Sonim’s RPS, highlighting our value proposition to target markets.

During
the second half of 2024 and through the filing date of this report, Sonim launched the following products:

    ●
    Sonim
    H500-series of 5G mobile hotspots available through Verizon, UScellular, and Bell in North America; 

    ●
    Sonim
    H700, the world’s first 5G Release 17 and Wi-Fi 7 rugged mobile hotspot, available through Telstra in Australia; 

    ●
    Sonim
    H100