Company: SONM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001493152-25-020310
Chunk: 32

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 32
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581  
     7,831 
  
    Canada 
     2,618  
     3,180  
     5,453  
     7,364 
  
    Europe and Middle East 
     1,824  
     77  
     3,876  
     120 
  
    Total net revenues 
    $16,214  
    $15,022  
    $44,125  
    $43,314 

Long-lived
assets, substantially comprised of contract fulfillment assets, located in the United States and Asia Pacific region were $9,756 and
$162 as of September 30, 2025, respectively, and $7,384 and $187 as of December 31, 2024, respectively.

Inventory
located in the United States and Asia Pacific region was $2,083 and $8,903 as of September 30, 2025, respectively, and $3,383 and $7,238
as of December 31, 2024, respectively.

Concentrations
of Revenue Risk

Revenue
from customers with concentration greater than 10% accounted for approximately the following percentage of net revenues: 

Schedule
of Concentrations of Risk

    Three
    Months Ended
    September
    30,

    Nine
    Months Ended
    September
    30,

    2025

    2024

    2025

    2024

    Customer
    A

    31
    %

    37
    %

    45
    %

    40
    %
  
    Customer
    B

    20
    %

    16
    %

    16
    %

    12
    %
  
    Customer
    C (related party)

    -*

    -*

    -*

    18
    %
  
    Customer
    D

    -*

    11
    %

    -*

    -*

    *
    Customer
    revenue did not exceed 10% in the respective period.

NOTE
11 — Subsequent Event

On
October 27, 2025, the Company effected a 1-for-18 reverse stock split of its issued and outstanding common stock. The Company’s
common stock began trading on the Nasdaq Capital Market on a post-split basis on October 27, 2025. See Note 1, The Company and Its