Company: SONM
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009749
Chunk: 27

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 27
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456  
     1,177  
     258%
  
    Sales and marketing 
     3,239  
     2,492  
     747  
     30%
  
    General and administrative 
     2,839  
     2,643  
     196  
     7%
  
    Total operating expenses 
     7,711  
     5,591  
     2,120  
     38%
  
    Income (loss) from operations 
     645  
     (2,689) 
     3,334  
     (124)%
  
    Interest expense, net 
     (91) 
     —  
     (91) 
     N/A 
  
    Other income (expense), net 
     36  
     (92) 
     128  
     (139)%
  
    Income (loss) before income taxes 
     590  
     (2,781) 
     3,371  
     (121)%
  
    Income tax expense 
     (132) 
     (125) 
     (7) 
     6%
  
    Net income (loss) 
    $458  
    $(2,906) 
    $3,364  
     (116)%

Total
Net Revenues

Total
net revenues for the three months ended March 31, 2025, decreased slightly by $0.1 million compared to 2024. The three months ended
March 31, 2025, included $5.3 million related to the expiration of customer allowance agreements as three of our legacy phones
approach end-of-life. The three months ended March 31, 2024, included $7.7 million in revenue from white label products sold to a
related party. We discontinued our white label program during the first quarter of 2024. Sales of our feature phones increased $1.5
million period over period and hotspot sales from products that were launched after the first quarter of 2024 were $0.7 million in
2025. Excluding the impact of the expiration of customer allowance agreements mentioned above, we expect revenue to increase
significantly in the second quarter of 2025 due to increasing sales of our hotspots in the U.S. and our phones in EMEA.

Cost