Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 307

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 307
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        |     |      |        |     | Nine Months Ended |        |     |      |        |
|                                                  |     |      September 30, |        |     |      |        |     |     September 30, |        |     |      |        |
|                                                  |     |               2025 |        |     | 2024 |        |     |              2025 |        |     | 2024 |        |
| Smartphones                                      |     |                  $ |  8,108 |     |    $ |  7,957 |     |                 $ | 23,976 |     |    $ | 19,910 |
| Feature Phones                                   |     |                    |  3,801 |     |      |  6,780 |     |                   | 12,447 |     |      | 14,839 |
| Connected Solutions                              |     |                    |  4,000 |     |      |     49 |     |                   |  6,937 |     |      |    330 |
| White Label Products (ODM Model) (Related Party) |     |                    |      — |     |      |      — |     |                   |      — |     |      |  7,658 |
| Accessories and Other                            |     |                    |    305 |     |      |    236 |     |                   |    765 |     |      |    577 |
| Total net revenues                               |     |                  $ | 16,214 |     |    $ | 15,022 |     |                 $ | 44,125 |     |    $ | 43,314 |

Shipping and handling costs

The Company has elected to account for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products.

| F-10 |

Contract costs

Applying the practical expedient, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred when the amortization period of the assets that otherwise would have been recognized is one year or less. These costs are included in sales and marketing expenses.

The non-recurring costs associated with design and development of new products for technical approval represent costs to fulfill a contract pursuant to ASC 340-40, Other Assets and Deferred Costs.Accordingly, the Company capitalizes these contract fulfillment costs and amortizes such costs over the estimated period of time they are expected to be recovered, which