Company: SONM
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009749
Chunk: 19

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 19
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Information—The Company operates in one reporting segment.

The
Company’s Chief Executive Officer is the Company’s chief operating decision maker (“CODM”). The Company’s
CODM primarily uses consolidated net income (loss) to allocate resources and assess Company performance, primarily through periodic budgeting
and Company performance reviews. The CODM utilizes discrete financial information at the consolidated level, including profit and loss
statements, cash flow and revenue forecasts, inventory reports, and vendor payment plans.

The
following table details the revenues, significant expenses and other segment items regularly provided to and reviewed by the CODM:

 Schedule of Revenue Significant Expenses and Other Segment Items

    2025  
    2024 

    Three Months Ended 

    March 31, 

    2025  
    2024 
  
    Revenues 
    $16,721  
    $16,776 
  
    Less: 

    Cost of sales 
     6,639  
     12,489 
  
    Amortization of contract fulfillment assets 
     933  
     869 
  
    Other cost of sales 
     793  
     516 
  
    Research and development 
     1,633  
     456 
  
    Sales and marketing 
     3,239  
     2,492 
  
    General and administrative, excluding legal fees 
     2,425  
     2,390 
  
    Legal fees 
     414  
     253 
  
    Interest expense, net 
     91  
     — 
  
    Other (income) expense, net 
     (36) 
     92 
  
    Income tax expense 
     132  
     125 
  
    Consolidated segment net income (loss) 
    $458  
    $(2,906)
  
    Reconciliation of profit or loss 

    Adjustments and reconciling items 
     —  
     — 
  
    Consolidated net income (loss) 
    $458  
    $(2,906)

    15

The
following table summarizes total net revenues by region based on ship-to destinations:

 Schedule of Revenue by Region

    2025  
    2024 

    Three Months Ended 

    March 31, 

    2025  
    2024 
  
    United States 
    $12,768