Company: SONM
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022821
Chunk: 24

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 24
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9,685  
    $9,066  
    $22,453  
    $16,332 
  
    Asia Pacific 
     42  
     70  
     571  
     7,733 
  
    Canada 
     453  
     2,378  
     2,835  
     4,184 
  
    Europe and Middle East 
     1,010  
     2  
     2,052  
     43 
  
    Total net revenues 
    $11,190  
    $11,516  
    $27,911  
    $28,292 

Long-lived
assets, substantially comprised of contract fulfillment assets, located in the United States and Asia Pacific region were $8,780 and
$175 as of June 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 $2,742 and $7,147 as of June 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  June 30,  
    Six Months Ended  June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Customer A 
     44% 
     55% 
     53% 
     41%
  
    Customer B 
     26% 
     13% 
     14% 
     10%
  
    Customer C (related party) 
     -*  
     -*  
     *-  
     27%

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

NOTE
11 — Subsequent Events

Asset
Purchase Agreement

On
July 17, 2025, the Company entered into the Asset Purchase Agreement by and among the Company, the Buyer, the Seller Representative named
in the Asset Purchase Agreement, and the Parent, solely for the purpose of guaranteeing complete payment and performance obligations
of the Buyer