Brief: Sonim Technologies Reports Third Quarter Financial Results And Appoints Tom Wilkinson As CEO

DNA X

30/10/2019 12:38

Oct 30 (Reuters) - Sonim Technologies Inc  SONM.O :
    * SONIM TECHNOLOGIES REPORTS THIRD QUARTER AND NINE MONTH
2019
FINANCIAL RESULTS AND APPOINTS INDUSTRY VETERAN TOM WILKINSON AS
CEO
    * Q3 LOSS PER SHARE $0.33
    * Q3 REVENUE $28.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$29.9
MILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $-0.09 -- REFINITIV IBES
DATA
    * SAYS ELECTED TO SUSPEND ITS PRACTICE OF PROVIDING
FORWARD-LOOKING FINANCIAL GUIDANCE
    * SONIM TECHNOLOGIES - NEW CFO, INTERIM CHIEF FINANCIAL WILL
WORK
WITH REST OF MANAGEMENT TEAM OVER COMING MONTHS TO FORMULATE
2020 OPERATING PLAN
    * SONIM TECHNOLOGIES - PLAN WILL INCLUDE EXPANSION OF
PRODUCTS AND
MARKETS, AND IMPROVE CO'S ABILITY TO MAKE ESTIMATES AND PLAN
COSTS AND OPERATIONS

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