DNA X Inc (SONM)

DNA X, Inc. Reports First Quarter 2026 Financial ResultsMay 20, 2026 5:00 PM
NewsfileClosed sale of the Company's mobile device assets to NEXA in January 2026Completed the transfer of the operations of the phone and hotspot business to NEXAFocused on enhancing the DNA X trading platform to prepare the platform for its initial growth phaseSan Diego, California--(Newsfile Corp. - May 20, 2026) - DNA X, Inc. (NASDAQ: SONM), a provider of cryptocurrency trading services, today announced its financial results for the first quarter ended March 31, 2026. The company operates the DNA X AI trading platform business, and expects to launch an enhanced version to the public later this year. The platform is designed to harness advanced AI and machine learning technologies to automate intelligent trading strategies, enabling clients to capitalize on data-driven insights and dynamic opportunities. The Company completed the sale of its mobile device design and manufacturing business to NEXA Mobility, a private company in the hardware space on January 23, 2026. The purchase price of the assets was $15 million less a working capital adjustment of $1.5 million, with $12.0 million being paid immediately and the remaining cash of $1.5 million, less any agreed upon claims, to be paid in October 2026. The company used the proceeds to repay debt and other obligations. The remaining cash will be used to support the DNA X AI trading business.On January 23, 2026, the Company successfully rebranded itself as DNA X, Inc., from Sonim Technologies Inc. The stock ticker on Nasdaq remains SONM and our primary corporate offices remain in San Diego.The asset sale resulted in $6.3 million in net income for the first quarter of 2026, net of taxes, transaction fees, and severance costs."Having successfully completed a strategic exit from our legacy business, management has made a deterministic decision to reallocate our resources into the high-growth, high-margin decentralized AI and crypto trading sectors," said Mike Mulica, acting Chief Executive Officer. "This pivotal transition marks the beginning of our value build phase, positioning DNA X to deliver sustainable, long-term value for our shareholders through AI and crypto trading innovation."First Quarter 2026 Financial Highlights:Revenue: There was no revenue from continuing operations because revenue from our phone and hotspot operations was included in discontinued operations. Our AI platform activities are accounted for as an investment and are reflected as other income.General & Administrative Expenses: First-quarter general and administrative expenses from continuing operations were $3.6 million and included one time severance costs of $1.5 million and $0.9 million in professional services for our annual audit and tax services. We expect general & administrative expenses to be much lower in the next few quarters because we have downsized the organization and we have completed our annual audit. Cash Position: We ended the quarter with $1.2 million in cash from continuing operations. On May 20, 2026 we entered into an agreement to raise an additional $1.8 million in cash by issuing new debt. This cash will be used for working capital purposes and to support and grow the DNA X AI and crypto trading business.About DNA X, Inc. DNA X operates an advanced artificial intelligence platform that automates complex workflows and decision-making using state-of-the-art AI models. For more information, visit https://ir.dna-x.global.Media and Investor Relations Contact: Clay Crolius, DNA X, Inc. clay@dnax.global.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that do not relate to matters of historical fact are forward-looking statements, including, without limitation, statements regarding the Company's strategic transformation, the expected growth, performance and market opportunities of the DNA X trading platform, anticipated use of proceeds from the sale of the Company's mobile device design and manufacturing business, and the Company's future operations and financial performance.These forward-looking statements are based on the Company's current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: risks related to the Company's ability to successfully integrate and operate the DNA X trading platform and achieve anticipated growth; the early-stage nature of the Company's current business and the volatility of the cryptocurrency markets; the Company's recent disposition of its mobile device design and manufacturing business; the Company's ability to obtain or maintain sufficient liquidity to execute its business plan; potential delays or challenges in executing its strategic plans; general economic, market and industry conditions; and the Company's ability to maintain compliance with Nasdaq listing requirements.Additional information regarding these and other risks and uncertainties is included in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date of this press release, and undertakes no obligation to update such statements, except as required by law.DNA X, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
March 31,
2026
December 31,
2025

(Unaudited)


Assets





Cash and cash equivalents$1,195
$1,303
Receivable for cash held back from the asset sale
1,500

—
Prepaid expenses and other current assets
608

676
Current assets held for sale
—

26,930
Total Current assets
3,303

28,909
Investment in DNA X LLC under equity method
1,290

1,242
Deferred tax assets
—

1,441
Other assets
245

274
Non-current assets held for sale
—

12,032
Total assets$4,838
$43,898
Liabilities and stockholders' deficit
 

 
Accounts payable
719

4,030
Accrued liabilities
1,576

704
Promissory note, net from related party
1,072

1,035
Promissory notes, net
—

4,030
Derivative liability
398

171
Income tax payable
556

2,598
Current liabilities held for sale
—

38,057
Total current liabilities
4,321

50,625
Deferred tax liability
600

—
Total liabilities
4,921

50,625
Commitments and contingencies
—

—
Redeemable common stock; $0.001 par value; 223,201 shares issued and outstanding; redemption value $900 at March 31, 2026 and $1,228 as of December 31, 2025 (Note 6)
900

1,228
Stockholders' deficit
 

 
Common stock, $0.001 par value per share; 1,000,000,000 shares authorized: and 1,265,067 shares issued and outstanding at both March 31, 2026 and December 31, 2025*
1

1
Preferred stock, $0.001 par value per share, 5,000,000 shares authorized: and no shares issued and outstanding at March 31, 2026 and December 31, 2025
—

—
Additional paid-in capital*
296,613

296,309
Accumulated deficit
(297,597)
(304,265)Total stockholders' deficit
(983)
(7,955)Total liabilities, redeemable common stock, and stockholders' deficit$4,838
$43,898
 *Adjusted retroactively to reflect the 1-for-18 reverse stock split that became effective on October 28, 2025. DNA X, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
(UNAUDITED)





Three Months Ended March 31,

2026
2025
Continuing operations:





Net revenues$—
$—
Operating expenses





General and administrative
3,618

870
Total operating expenses
3,618

870
Net loss from operations
(3,618)
(870)Interest expense, net
(131)
(91)Loss on remeasurement of derivative liability
(227)
—
Equity income from DNA X LLC
48

—
Net loss from continuing operations before income taxes
(3,928)
(961)Income tax expense from continuing operations
—

—
Net loss from continuing operations
(3,928)
(961)Discontinued Operations:
 

 
Income from discontinued operations, net of tax
10,268

1,419
Net income$6,340
$458
Net earnings (loss) per share basic and diluted:
 

 
Continuing operations*
(3.11)
(2.96)Discontinued operations*
8.12

4.37
Net income*$5.01
$1.41
Weighted-average shares used in computing net loss per share:
 

 
Basic and diluted*
1,265,067

324,431
       *Adjusted retroactively to reflect the 1-for-18 reverse stock split that became effective on October 28, 2025.  To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298202 Original: DNA X, Inc. Reports First Quarter 2026 Financial Results

DNA X, Inc. Reports Full Year 2025 Financial ResultsApril 14, 2026 9:34 PM
NewsfileCompleted acquisition of the DNA X cryptocurrency trading platformClosed sale of the Company's mobile device assets to NEXA in January 2026Focused on enhancing the DNA X trading platform to prepare the platform for its initial growth phaseSan Diego, California--(Newsfile Corp. - April 14, 2026) - DNA X, Inc. (NASDAQ: SONM), a provider of cryptocurrency trading services, today announced its financial results for the fourth quarter and full year ended December 31, 2025. The company purchased the DNA X cryptocurrency trading platform business in December 2025, following the launch of the DNA X.us website in November 2025 that is now active. The platform is designed to take advantage of movements between pairs of cryptocurrencies and to allow clients to automate trading strategies that automatically take advantage of converging and diverging pairs of cryptocurrency values. The Company completed the sale of its mobile device design and manufacturing business to NEXA Mobility, a private company in the hardware space on January 23, 2026. The sale allows the Company to focus on the DNA X trading platform and its growth potential. The purchase price of the assets was $15 million less customary working capital adjustments with $13.5 million being paid immediately and $1.5 million in cash to be paid in nine months. The company used the proceeds to repay debt and other obligations. The remaining cash will be used to support the DNA X trading business.On January 23, 2026, the Company successfully rebranded itself as DNA X, Inc., from Sonim Technologies Inc. The stock ticker on Nasdaq remains SONM and our primary corporate offices remain in San Diego.On January 30, 2026, our Chief Executive Officer and board member resigned and our Executive Chairman became the acting Chief Executive Officer. A new board member, Scott Walker, a co-founder of DNA Holdings (the company that sold us the DNA X trading platform), was appointed to the board on January 30, 2026. Scott brings vast expertise in the cryptocurrency trading industry."We have transitioned to an industry that we believe is in its infancy and provides us with great opportunities for growth," said Mike Mulica, acting Chief Executive Officer. "We are very excited about the growth opportunity that we see in front of us."Fourth Quarter 2025 Financial Highlights:Revenue: There was no revenue from continuing operations because revenue from our phone and hotspot operations was included in discontinued operations.General & Administrative Expenses: Fourth-quarter general and administrative expenses for continuing operations were $1.2 million and were primarily due to legal costs for the acquisition of the DNA X trading platform, legal costs for the asset sale, and proxy costs for the special stockholders' vote for the asset sale. Cash Position: We ended the year with $1.3 million in cash from continuing operations. This cash plus cash proceeds from the asset sale will be used to support and grow the DNA X trading business.2025 Business Highlights: We successfully purchased the DNA X trading platform and we positioned the Company to complete the sale of our mobile device assets in January 2026. These transitions allowed us to move away from the geo-political risks that drastically raised the costs to produce our phones and hotspots as we moved our production outside of China, became subject to tariffs, and as supply chain costs increased. Notable accomplishments include:Integrated the DNA X trading business with our existing infrastructureBegan the integration of our phone and hotspot business with the Buyer to achieve a desired sale price for the asset sale that we completed in January 2026Developed a transition plan to ensure that we have necessary leadership and expertise to manage the DNA X trading business once the phone and hotspot assets were sold2026 Outlook: "We expect future growth in revenue, gross margin and profitability as we exit the monitoring and testing phase and begin marketing our trading platform to the public," said Clay Crolius, CFO of DNA X. "With product enhancements and an increase in the number of cryptocurrencies that can be traded, we believe we are uniquely positioned to grow while increasing our margins." About DNA X, Inc. DNA X operates a decentralized finance (DeFi) protocol that automates trading on decentralized exchanges, including recurring and limit orders. For more information, visit https://ir.dna-x.global.Media and Investor Relations Contact: Clay Crolius, DNA X, Inc. clay@dnax.global.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that do not relate to matters of historical fact are forward-looking statements, including, without limitation, statements regarding the Company's strategic transformation, the expected growth, performance and market opportunities of the DNA X trading platform, anticipated use of proceeds from the sale of the Company's mobile device design and manufacturing business, and the Company's future operations and financial performance.These forward-looking statements are based on the Company's current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: risks related to the Company's ability to successfully integrate and operate the DNA X trading platform and achieve anticipated growth; the early-stage nature of the Company's current business and the volatility of the cryptocurrency markets; the Company's recent disposition of its mobile device design and manufacturing business; the Company's ability to obtain or maintain sufficient liquidity to execute its business plan; potential delays or challenges in executing its strategic plans; general economic, market and industry conditions; and the Company's ability to maintain compliance with Nasdaq listing requirements.Additional information regarding these and other risks and uncertainties is included in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date of this press release, and undertakes no obligation to update such statements, except as required by law.DNA X, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 and 2024
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
December 31, 2025
December 31, 2024
Assets





Cash and cash equivalents$1,303
$5,343
Prepaid expenses and other current assets
676

-
Current assets held for sale
26,930

26,822
Total Current assets
28,909

32,165
Investment in DNA X, LLC
1,242

-
Deferred tax assets
1,441

64
Other assets
274

384
Non-current assets held for sale
12,032

7,126
Total assets$43,898
$39,739
Liabilities and stockholders' deficit
 

 
Accounts payable
4,030

738
Accrued liabilities
704

250
Promissory notes, net
5,065

-
Derivative liability on convertible note
171

-
Current liabilities held for sale
38,057

42,752
Total current liabilities
48,027

43,740
Income tax payable
2,598

1,699
Total liabilities
50,625

45,439
Commitments and contingencies
-

-


 

 
Redeemable common stock, $0.001 par value; 223,201 shares issued and outstanding; redemption value $1,228
1,228

-


 

 
Stockholders' deficit
 

 
Common stock, $0.001 par value per share; 1,000,000,000 shares authorized: and 1,265,067 and 276,881 shares issued and outstanding at December 31, 2025 and 2024, respectively*
1

-
Preferred stock, $0.001 par value per share, 5,000,000 shares authorized: and no shares issued and outstanding at December 31, 2025 and 2024
-

-
Additional paid-in capital*
296,309

277,908
Accumulated deficit
(304,265)
(283,608)Total stockholders' deficit
(7,955)
(5,700)Total liabilities, redeemable common stock, and stockholders' deficit$43,898
$39,739
     * Adjusted retroactively to reflect the 1-for-18 reverse stock split that became effective on October 28, 2025.     DNA X, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
YEARS ENDED DECEMBER 31, 2025 and 2024
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
2025
2024
Continuing operations:





Net revenues$-
$-
Cost of revenues
-

-
Gross profit
-

-
Operating expenses
 

 
General and administrative
5,406

3,100
Other
-

-
Total operating expenses
5,406

3,100
Net income (loss) from operations
(5,406)
(3,100)Interest expense, net
(1,486)
(29)Loss on extinguishment of debt
(161)
-
Other income (expense), net
(902)
246
Net loss from continuing operations before income taxes
(7,955)
(2,883)Income tax expense from continuing operations
-

-
Net loss from continuing operations
(7,955)
(2,883)Discontinued Operations:
 

 
Loss from discontinued operations, net of tax
(12,702)
(30,765)Net loss$(20,657)$(33,648)Net loss per share basic and diluted:
 

 
Continuing operations*
(11.00)
(11.00)Discontinued operations*
(17.58)
(117.37)Net loss*$(28.58)$(128.37)Weighted-average shares used in computing net loss per share:
 

 
Basic and diluted*
722,689

262,118
       * Adjusted retroactively to reflect the 1-for-18 reverse stock split that became effective on October 28, 2025.     To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292277
Original: DNA X, Inc. Reports Full Year 2025 Financial Results

Sonim Technologies Public Entity Rebrands As DNA X, Inc., A Digital Asset Management CompanyJanuary 27, 2026 9:30 PM
NewsfileSan Diego, California--(Newsfile Corp. - January 27, 2026) - Sonim Technologies (NASDAQ: SONM) announced today that it is being renamed DNA X, Inc. concurrent with the previously announced asset sale to NEXA® (formerly Social Mobile).The proceeds generated from this transaction are anticipated to fund debt retirement and provide working capital for the company's digital asset management operations.Going forward, DNA X, Inc. will operate DNA X, the digital asset trading platform that Sonim acquired in December 2025. In conjunction with the asset divestiture, the corporate name of Sonim Technologies has been officially changed to DNA X, Inc. While the company will temporarily retain the Nasdaq trading symbol, SONM, a transition to DNAX is slated to occur in the near future. Further information will be shared with shareholders in the coming weeks.Media Contacts:
Clay Crolius
clay@dnax.globalAbout DNA X, Inc.
DNA X, Inc. is a digital asset management platform, building on the digital asset trading platform acquired by the former Sonim Technologies. Following the successful asset sale of its rugged mobile phone business to NEXA, DNA X, Inc. is positioned to capitalize on the massive growth opportunity presented by the global expansion of digital assets. For more information, visit ir.dna-x.global.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, the Company's expectations in connection with the change of its ticker and the operations of its digital asset trading platform.Forward-looking statements generally can be identified by the use of forward-looking terminology such as "future," "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, availability of cash on hand to execute the Company's strategy, potential material delays in realizing projected timelines, potential trademark disputes and unavailability of the ticker symbol, and risks related to the Company's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of the common stock.It is very difficult to predict the effect of known factors, and the Company cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties, and other factors, including those factors disclosed in this Current Report and those factors disclosed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K filed with the SEC and the Company's subsequent Quarterly Reports on Form 10-Q filed with the SEC. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this report, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281834
Original: Sonim Technologies Public Entity Rebrands As DNA X, Inc., A Digital Asset Management Company

sonm.......................................https://stockcharts.com/h-sc/ui?s=SONM&p=W&b=5&g=0&id=p86431144783

SONM,reverse takeover loi with private firm,5m float,zero borrow(151% fee/no rebate) I can still find 100k to short but I think those could dissipate if volume surge comes ,charting up on 5 day and 1 month,relative vol up 4X,42% insiders,58m sales,institutional buying up 400% puts this # 1 on my scanner

Not bad ...$1.90s about 7 million warrants at $1.45...

Sonim Technologies Signs Letter of Intent for Reverse Takeover with a Full Stack A.I. Factory Provider
Newsfile Corp.
Newsfile Corp
The Integrated Solution Supports the Explosion of AI Workloads with Owned and Operated Data Centers with Dedicated Power Generation

San Diego, California--(Newsfile Corp. - June 25, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced the signing of a non-binding Letter of Intent (LOI) for a proposed reverse take-over (RTO) with a private US-based company (the "Target") building out Nvidia-based High-Performance Computing (HPC) A.I. factories to support the hyper growth of cloud-based artificial intelligence (AI) workloads.

Key terms of the proposed transaction include:

The LOI outlines the framework for a strategic business combination pursuant to which stockholders of the HPC A.I. factory Target would own a majority in the combined company.
Sonim stockholders would retain equity valued at $17.5 million in the combined company.
The HPC A.I. factory Target would be valued at approximately $300 million, with the valuation expected to be supported by a fairness opinion from an independent third party.
Following the closing, the combined company is expected to adopt a new corporate name and ticker symbol while maintaining its listing on Nasdaq.
Sonim believes that, when combined with the previously announced sale of substantially all of its operating assets for $15 million (plus an additional earn-out of $5 million), the proposed RTO transaction will maximize stockholder value and provide a compelling path forward for Sonim's strategic evolution.

The Target is poised for significant growth by focusing on High-Performance Computing as a Service (HPCaaS). By leveraging their owned data centers, they aim to accelerate expansion, lower operational risks, and tap into the high-margin, fast-growing AI factory market. With plans to activate thousands of GPUs in 2025, they're positioning themselves to meet surging demand for the utility of the future, "Intelligence as a Service."

The global demand for AI-ready high-performance computing factory capacity is projected to grow at an average annual rate of 33% through 2030, with AI workloads driving up to 70% of total demand1. AI infrastructure spending is expected to exceed $200 billion by 2028, underscoring the transformative potential of this market2. To meet this surging demand, leading data center players are preparing to invest $1.8 trillion from 2024 to 2030, driven by traditional enterprise workloads (55% of demand in 2028) and the explosive growth of GenAI, which will account for 60% of total demand growth during this period3. In the U.S., initiatives such as Executive Order 14141 and a $500 billion private joint venture aim to bolster domestic AI infrastructure, with Congress emphasizing AI infrastructure as a strategic national asset4.

"This transaction positions Sonim stockholders to benefit from the tremendous growth of the AI revolution and represents a transformational step for Sonim and its stockholders," said Mike Mulica, Chair of the Special Committee for Sonim. "The RTO structure allows us to align with a forward-thinking partner in the AI and digital transformation space, leveraging their expertise to create a market-leading, technology-driven enterprise. At the same time, the CVR ensures our stockholders benefit from the successful transition of our legacy business."

The LOI is non-binding, and the transaction is further subject to customary closing conditions, regulatory approval, approval by Sonim stockholders and the completion of the Sonim Legacy Business Sale. The parties intend to finalize the definitive agreement and proceed with securing necessary approvals in a timely manner.

Sources:

Boston Consulting Group. "Breaking Barriers to Data Center Growth." (Jan 20, 2025). McKinsey & Company. (n.d.). "AI power: Expanding data center capacity to meet growing demand." Data Center World. (2025). "2025 State of the Data Center Industry Report."
IDC. (2025). Press release. "Artificial Intelligence Infrastructure Spending to Surpass the $200Bn USD Mark in the Next 5 years, According to IDC."
IDC. (2024). Press release. "Worldwide Spending on Artificial Intelligence Forecast to Reach $632 Billion in 2028, According to a New IDC Spending Guide."
Boston Consulting Group. "Breaking Barriers to Data Center Growth." (Jan 20, 2025).
Congressional Research Service. "Artificial Intelligence and Data Centers: Policy Considerations." Published Feb 5, 2025.
About Sonim Technologies
Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Important Information and Where to Find It

Just searched, but I couldn't find anything on June 9 about this? On their website stated released on June 16?

$SONM

was this already out on June 9th?
https://newsbywire.com/doogee-announces-non-binding-proposal-to-acquire-sonim-technologies-for-3-6-per-share-in-cash/

Sonim Technologies Confirms Receipt of Non-Binding Unsolicited Indication of Interest
Newsfile Corp.
Newsfile Corp
San Diego, California--(Newsfile Corp. - June 16, 2025) - The Special Committee of the Board of Directors (the "Special Committee") of Sonim Technologies, Inc. (NASDAQ: SONM), formed to oversee the Company's ongoing strategic alternatives process, today confirmed receipt of an unsolicited indication of interest issued by DOOGEE on June 9, 2025 in the form of a press release, to acquire all outstanding shares of Sonim for $3.60 per share in cash. The Special Committee issued the following statement on the matter:

At this time, the Special Committee lacks sufficient information to evaluate DOOGEE's indication of interest in a manner consistent with its fiduciary duties to Sonim's stockholders. To enable a responsible and informed assessment consistent with those duties, the Special Committee needs DOOGEE to provide detailed information regarding financing arrangements, strategic rationale, and its ability to execute a transaction in the light of potential regulatory constraints. While DOOGEE's public communication encouraged the directors of Sonim to reconsider the existing exclusive letter of intent (the "LOI"), the Special Committee is prepared to begin evaluating the indication of interest once it is supported by sufficient detail to allow for evaluation in accordance with the Special Committee's fiduciary obligations to maximize stockholder value.

DOOGEE's stated willingness to wait for the expiration or termination of Sonim's exclusive LOI is neither conventional nor constructive in pursuing a bona fide transaction with a public company. The Special Committee remains focused on advancing the current LOI toward a definitive agreement and reverse takeover to maximize value for Sonim's stockholders.

"This unsolicited indication of interest underscores the market's recognition of the underlying value of Sonim and its business," said Mike Mulica, Chair of the Special Committee. "While we welcome the interest, our priority is to remain focused and disciplined in our process, evaluating any third-party outreach with the thoroughness and diligence our fiduciary duties demand."

SONM blowing up

SONM new 52 week low

IHub posts have dried up since Covid.

Sonim Technologies Announces $17 Million Additional Tablet Order
SONM | 13 hours ago
New orders plus new rugged phone devices expected to drive sequential growth in fourth quarter

San Diego, California--(Newsfile Corp. - November 30, 2022) - Sonim Technologies (NASDAQ: SONM) today announced an additional customer purchase order for $17 million in tablet products designed by Sonim and assembled via an ODM relationship. Sonim expects to ship the newest purchase order starting from the fourth quarter and into 2023, driving sequential revenue growth over the third quarter of 2022.

The latest tablet order follows $13.9 million in tablet orders delivered in the third quarter. The new device revenue streams exemplify Sonim's strategy to expand into the broader consumer durable and industrial equipment market by leveraging its engineering expertise, rugged heritage and ODM capabilities.

Additionally, Sonim has announced availability of its new XP10 5G Android smartphone device, completing the refresh of its rugged mobile devices lineup sold by North American Tier One carrier partners.

"We continue to execute on the new management team's strategy to deliver purpose built mobile devices to our carrier partners while entering large and underserved markets adjacent to our core rugged capabilities," said Sonim CEO Peter Liu. "Additionally, with the recently announced launch of our XP10 rugged 5G smartphone, our core rugged mobile device family is fully refreshed and available for North American carrier partners. We believe Sonim is now well positioned to further grow revenue across an exciting opportunity set of legacy rugged and new core industrial and consumer durable applications as we move steadily toward our goal of profitable operations."

The ODM-built tablet features an eight-inch display with 4G LTE connectivity running on a Qualcomm Snapdragon chipset. The tablet targets both enterprise and consumer applications, including service and education applications. The new tablet project is not expected to represent inventory risk for Sonim, as the tablets are built to customer purchase orders.

###

About Sonim Technologies, Inc.

Sonim Technologies is a leading U.S. provider of ultra-rugged, rugged and consumer durable mobile devices designed to provide extra protection for users that demand more durability in their work and everyday lives. We currently sell our ruggedized mobility solutions to several of the largest wireless carriers in the United States - including AT&T, T-Mobile and Verizon - as well as the three largest wireless carriers in Canada - Bell, Rogers and Telus Mobility. Our ruggedized phones and accessories are also sold through distributors in North America and Europe. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Important Cautions Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the projected revenue growth and the strategic expansion plans of Sonim. These forward-looking statements are based on Sonim's current expectations, estimates and projections about its business and industry, management's beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "future," "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: Sonim's ability to continue as a going concern and improve its liquidity and financial position; Sonim's exploration of strategic or financial alternatives may not result in any transaction or alternative that enhances value; risks related to Sonim's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim's common stock; Sonim's ability to continue to develop solutions to address user needs effectively, including its next generation products; anticipated sales levels of both new and legacy products; Sonim's reliance on its channel partners to generate a substantial majority of its revenues; the limited operating history in Sonim's markets; Sonim's ongoing

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Sonim Technologies Launches New XP5plus Rugged Device with AT&T
AUSTIN, Texas, July 15, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced the launch of the XP5plus on the AT&T network, which offers the best of both cellular and radio-like capabilities for businesses and employees working in extreme conditions.


The XP5plus builds on the legacy of its predecessor, the XP5s, one of the most widely used PTT-over-Cellular ultra-rugged devices among frontline workers and first responders who need instant reliable communications when it matters most. The new XP5plus is purpose-built for critical communications and includes many features that enhance the Push-to-Talk (PTT) experience. At the top of its long list of new features is a version with two easy-to-use control knobs – for channel select and volume control. PTT can now be accessed without users ever taking their eyes off the mission in front of them.

With longer battery life and a larger screen, the XP5plus raises the bar on what a device can do. Third-party tested and validated to MIL-STD-810H, this rugged device is drop proof and waterproof and will thrive in the most punishing conditions. Sonim is long recognized for the superior audio quality built into all its devices. The XP5plus does not disappoint with Goodix echo and noise cancellation technology built into the new 100dB+ speakers.

"We are pleased to continue our relationship with AT&T and provide businesses with the latest rugged communications that will unlock mission-critical team communication and outlast any given day in the field," said Peter Liu, CEO, Sonim Technologies.

The XP5plus is also FirstNet Ready®, which means first responders can use it to tap into specialized capabilities designed to meet their needs on FirstNet® – the only nationwide, high-speed broadband communications platform dedicated to and purpose-built for America's first responders and the extended public safety community. First responders maintain voice communications with always-on priority and preemption on LTE, while the intuitive FirstNet network determines the best route for data traffic, whether that's 5G or LTEi.

The XP5plus is packed with other extra features including SonimWare Enterprise Mobility Software that helps customers more easily deploy, manage and support mobile devices in the field. The Sonim SecureAudio Connector provides secure, more reliable connections so audio accessories and Remote Speaker Microphones (RSM) are locked in place and always ready, even while engaged in rigorous activity. It is compatible with a wide range of industrial grade accessories including headsets, RSMs, vehicle mounts and more. The XP5plus also comes with Sonim's 3-year comprehensive warranty which lowers the total cost of ownership, especially compared to consumer devices.

The XP5plus will be available online and in AT&T stores on Friday, July 15. For more information, visit Sonim XP5plus.

FirstNet and the FirstNet logo are registered trademarks and service marks of the First Responder Network Authority. All other marks are the property of their respective owners.

About Sonim
Sonim Technologies is a leading U.S. provider of ultra-rugged mobility solutions designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The Sonim solution includes ultra-rugged mobile phones, a suite of industrial-grade accessories, and data and workflow applications which are collectively designed to increase worker productivity, communication and safety on the job site. Please visit https://sonimtech.com/.

Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the expected timing of the availability of Sonim's XP5 Plus and XP10 5G smartphones, the expected market demand for these products and the expected benefits from the proposed equity investment by AJP. These forward-looking statements are based on Sonim's current expectation

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Sonim Receives Additional $6.4 Million in Initial Stocking Orders from US and Canadian Carriers
Orders Add to Prior XP5plus and XP10 Smartphone Stocking Orders for Summer and Fall 2022

AUSTIN, Texas, June 14, 2022 /PRNewswire/ -- Sonim Technologies (NASDAQ: SONM) today announced multiple additional purchase orders totaling $6.4 million for stocking inventory of Sonim's upcoming XP5plus feature phone with enhanced PTT capabilities and Sonim's next-generation XP10 5G rugged smartphone. The orders are from a top U.S. carrier customer and two Canadian carriers, adding to previously announced initial stocking orders for $9.5 million on these devices from a top U.S. carrier.


"We are excited to secure additional orders from a long-time carrier partner in the U.S. and from two Canadian partners, expanding on our previously announced initial stocking orders for the new rugged XP5plus and XP10 smartphone devices," said Peter Liu, Chief Executive Officer at Sonim. "These additional awards speak to the expected market enthusiasm for our next generation rugged devices, purpose built with Sonim's rugged engineering technologies to work in field applications where traditional consumer devices simply do not get the job done."

"We are moving ahead rapidly on our new business strategy to offer a wider range of rugged 5G smartphones, feature phones, hot spots and industrial communications equipment focused on these unique but underserved market needs," said Liu. "We are already in discussion around additional carrier awards for both existing and new devices as we continue to focus on carrier partner needs not well served by currently available hardware solutions."

The XP5plus is expected to be available later this summer; shipments of the new XP10 rugged 5G smartphone device are expected to begin in the fall of 2022.

Sonim is a leader in rugged mobile phones for task workers in industries such as public safety, construction, manufacturing, field service, transportation, hospitality and more. Key features of the new devices include:

Support for 5G networks, FirstNet public safety broadband network, and CBRS-based private networks.
Ultra-bright sunlight readable displays and glove touch enabled screens designed for use in outdoor conditions.
OneTouch PTT – a dedicated PTT button provides instant communications with no need to wake up the device or launch the app like consumer smartphones
Ultra-loud speakers and noise suppression – ensure you can stay in communication in the harshest conditions
Red (Emergency) Button – instantly alert dispatch and/or emergency services which can be customized with the free Sonim SOS application and available through the FirstNet App Catalog
Ultra-rugged accessories – a broad range of industrial accessories, including remote speaker microphones, wireless mics, in-vehicle mounts to address the common needs of first responders
About Sonim
Sonim Technologies is a leading U.S. provider of ultra-rugged mobile phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. We currently sell our ruggedized mobility solutions to several of the largest wireless carriers in the United States— including AT&T, T-Mobile, and Verizon—as well as the three largest wireless carriers in Canada—Bell, Rogers, and Telus Mobility. Our phones and accessories connect workers with voice, data, and workflow applications in two end markets: industrial enterprise and public sector. Our ruggedized phones and accessories are sold through distributors in North America, South America, and Europe. For more information, visit www.sonimtech.com.

Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Ref

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Yea I like that part too! Gotta tell ya, we're doing pretty good in a nasty market. :)

$SONM I Like this...

AJP To Acquire Stake In Sonim At 20% Premium To Drive Growth,

AJP will own 52% of Sonim's post-transaction outstanding capital stock based on 19.3 million shares outstanding before the transaction.

https://finance.yahoo.com/news/ajp-acquire-stake-sonim-20-130115456.html

Looking juicy here this afternoon as well! $SONM

The new CEO is already turning this baby around. We're gonna trade twice the outstanding today. I think much more on the table this year!

$SONM News Buy Order Worth $9.5M and Market Cap is $12M.I need my Ancient Abacus...to Calculate (%) of Potential Return under a Buck to around it's 52Wk hi of $7.95

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NEWS
Sonim Announces Purchase Orders from Top US Carrier for Next-Generation Rugged Phones
Orders for Next Generation XP5 Plus and XP10 Smartphone in Summer and Fall 2022

AUSTIN, Texas, May 5, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced purchase orders totalling $9.5 million from a top U.S. carrier customer. The purchase orders cover initial stocking inventory for two of the company's next-generation ultra-rugged phones to be introduced in 2022 – the XP5 Plus feature phone with enhanced PTT capabilities and Sonim's next-generation XP10 5G rugged smartphone.


"We are excited to secure these initial orders from a long-time carrier partner for our new rugged XP5 Plus and XP10 smartphone devices, planned for introduction later this year," said Peter Liu, Chief Executive Officer at Sonim. "These early awards demonstrate the carrier excitement for our next generation phones featuring Sonim's rugged engineering technologies. We believe these awards are also early indicators of the market demand we seek to tap under our new business strategy, offering a wider range of 5G smartphones, feature phones, mobile hot spots and other industrial communications equipment that incorporate our rugged heritage."

The XP5 Plus is expected to be available this summer, and Sonim's new XP10 rugged 5G smartphone device are expected to begin shipments in the fall. The carrier awards were made based on the design specifications, feature set and costs provided by Sonim as part of an RFP process.

Sonim is a leader in rugged mobile phones for task workers in industries such as public safety, construction, manufacturing, field service, transportation, hospitality and more. Key features of the new devices include:

Support for 5G networks, FirstNet public safety broadband network, and CBRS-based private networks.
Ultra-bright sunlight readable displays and glove touch enabled screens designed for use in outdoor conditions.
OneTouch PTT – a dedicated PTT button provides instant communications with no need to wake up the device or launch the app like consumer smartphones
Ultra-loud speakers and noise suppression – ensure you can stay in communication in the harshest conditions
Red (Emergency) Button – instantly alert dispatch and/or emergency services which can be customized with the free Sonim SOS application and available through the FirstNet App Catalog
Ultra-rugged accessories – a broad range of industrial accessories, including remote speaker microphones, wireless mics, in-vehicle mounts to address the common needs of first responders
About Sonim

Looking good here $$$

Pm pop

Merry Christmas $$$$$$$$$

Let it run!

Breaking the HOD soon. Something good is brewing here.

Red days can't last forever.A reverse will happen soon.

Attractive prices!

Keeps moving up

I see it closing above $1.50 today and gaining a little more after hours.

Good luck to us holding SONM.

Gains holding up

Working it’s way up end of day

Hello, hello, hello...

Is there anybody in here?

Just nod if you can hear me...

What a dismal after hours performance?

Finally, after 5 months this is breaking loose.

Finally, after 5 months this is breaking loose.

Finally, after 5 months this is breaking loose.

Finally, after 5 months this is breaking loose.

NHOD

It’s going to run

Let’s break $1

~~coin~~

Looking good got in $$$