Brief: Sonim Technologies Sees FY 2018 Revenue $135.7 Million

DNA X

10/09/2019 12:59

Sept 10 (Reuters) - Sonim Technologies Inc  SONM.O :
    * SONIM TECHNOLOGIES PROVIDES CORPORATE UPDATE
    * SEES FY 2018 REVENUE $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
    * BASES ITS FORECASTS ON ITS WIRELESS CARRIER'S FORECASTS OF
THEIR
PURCHASE OF SONIM'S PRODUCTS
    * BOB TIRVA TO SERVE AS INTERIM CHIEF FINANCIAL OFFICER
    * PREVIOUSLY TIRVA SERVED AS CFO OF INTERMEDIA
    * 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 
Further company coverage:  SONM.O 

 ((Reuters.Briefs@thomsonreuters.com;))