Company: SONM
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022821
Chunk: 40

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 40
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 continue to actively manage our inventory and
establish a relationship with third-party manufacturers in an effort to minimize supply chain disruptions. Nevertheless, the above-described
events had and will continue to impact the global macroeconomic and geopolitical environments, capital and commodity markets, and global
supply chains, which may have an adverse impact on our operations and hinder our ability to access capital, if needed. Our cost of revenue
may increase if the component prices increase.

25

Results
of Operations

The
results of operations for the three and six months ended June 30, 2025 are not necessarily indicative of the operating results to be
expected for the full year or in any future period. Historically, we have experienced higher revenues following the release of new products
and start of sales with additional carriers and distributors.

The
following tables present key components of our results of operations (dollars in thousands):

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    Increase (Decrease)  
    %  
    2025  
    2024  
    Increase (Decrease)  
    % 
  
    Net revenues 
    $11,190  
    $11,516  
    $(326) 
     (3)% 
    $27,911  
    $20,634  
    $7,277  
     35%
  
    Related party net revenues 
     —  
     —  
     —  
     N/A  
     —  
     7,658  
     (7,658) 
     (100)%
  
    Total net revenues 
     11,190  
     11,516  
     (326) 
     (3)% 
     28,683  
     28,292  
     (381) 
     (1)%
  
    Cost of revenues 
     10,345  
     8,547  
     1,798  
     21% 
     18,710  
     22,421  
     (3,711) 
     (17)%
  
    Gross profit 
     845  
     2,969  
     (2,124) 
     (72)% 
     9,201