Company: SONM
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009749
Chunk: 42

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 2
Chunk 42
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 4G mobile hotspot available through Telia Finland and distribution partners in Europe;

    ●
    XP100
    4G and XP400 5G professional rugged phones available through Deutsche Telekom in Germany and distribution partners in Europe and
    South Africa; 

    ●
    XP
    Pro 5G rugged smartphone available through Verizon in the United States; and

    ●
    XP3plus
    5G rugged flip phone available through T-Mobile and certified for T-Priority.

Additionally,
the XP10 is now available through our distribution partners in EMEA and Australia. Most of these products are supported by the SonimWare
platform and enterprise services. In the first quarter of 2025, the XP Pro 5G and H500 5G each received Verizon Frontline certification.
In the first quarter of 2025 we also announced the upcoming launch and availability of the XP Pro Thermal 5G smartphone for Europe which
includes an SDK-enabled Sonim IRIS software for custom application development and an integrated thermal camera by FLIR® that benefits
a number of vertical trades such as electricians, plumbers, public safety, construction, agriculture, amongst others.

Geographic
market expansion continues with agreements and product availability through new distribution partners in Europe and South Africa, catering
to carrier, reseller, and enterprise sales channels. New partners include TCCM, Brodos, Modino, Ingram Micro, and Cernotech, which bolster
our presence in these regions. This strategic alignment supports our commitment to offering reliable solutions and expanding our customer
base.

17

With
the primary sales channels in the U.S. and Canada consisting of large wireless carriers, the Company’s customer base is highly
concentrated. For the three months ended March 31, 2025, wireless carriers contributed 84% of our total net revenues, 32% of which
related to the expiration of customer allowance agreements as three of our legacy phones approach end-of-life, with our top three
carrier customers accounting for 74% of our total net revenues, 32% of which related to the expiration of customer allowance agreements. Our rugged smartphones represented 66% of our total net revenues, 30% of which related to the expiration of customer allowance agreements,
while feature phones were 29% of our total net revenues, and connected solutions were 4% of our total net revenues.

In
alignment with Sonim Technologies’ commitment to quality, reliability, and regulatory compliance, we