Brief: Sonim Technologies Appoints Bob Tirva To Serve As Interim CFO, updates 2019 guidance

DNA X

10/09/2019 15:01

Sept 10 (Reuters) - Sonim Technologies Inc  SONM.O :
    * SONIM TECHNOLOGIES PROVIDES CORPORATE UPDATE
    * SONIM TECHNOLOGIES SEES 2019 NET REVENUE TO BE FLAT OR
SLIGHTLY
BELOW 2018 NET REVENUE OF $135.7 MILLION 
    * SEES  FY 2019 GAAP NET LOSS TO BE UP TO $15 MILLION
    * SEES FY 2019 ADJUSTED EBITDA TO BE A LOSS OF UP TO $5
MILLION
    * JIM WALKER HAS STEPPED DOWN AS CHIEF FINANCIAL OFFICER OF
SONIM
    * SONIM TECHNOLOGIES INC - BASES ITS FORECASTS ON ITS
WIRELESS
CARRIER'S FORECASTS OF THEIR PURCHASE OF SONIM'S PRODUCTS
    * SONIM TECHNOLOGIES INC - BOB TIRVA TO SERVE AS INTERIM
CHIEF
FINANCIAL OFFICER
    * SONIM TECHNOLOGIES INC - PREVIOUSLY TIRVA SERVED AS CFO OF
INTERMEDIA
    * SONIM TECHNOLOGIES INC - EXPECTS CO WILL SEE SELL-THROUGH
MOMENTUM OCCUR NEAR END OF 2019 LEADING TO A POSITIVE START TO
2020

Source text for Eikon:  ID:nPn6bZnCba 
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 ((Reuters.Briefs@thomsonreuters.com;))