Sonim Technologies: Falls on bigger-than-expected loss

DNA X

24/06/2019 15:09

** Shares of mobile phone maker  SONM.O  fall 3% to $14.16
after reporting bigger-than-expected loss in first quarterly
results since IPO 
    ** Co posts loss of 39 cents/shr vs. analysts' estimated
loss of 29 cents/shr, according to IBES data from Refinitiv
 urn:newsml:reuters.com:*:nPn2DbYF7a
    ** Q1 revenue in line with estimates
    ** Co forecasts Q2 revenue growth of 34-38% from a year
earlier, implying revenue of $42.2 mln-$43.5 mln, above
analysts' est of $41.5 mln
    ** Despite session losses, SONM up ~29% since its May IPO

 (Reporting by Sayanti Chakraborty in Bengaluru)
 ((RM: sayanti.chakraborty.thomsonreuters.com@reuters.net))