Sonim Technologies Inc reports results for the quarter ended in March - Earnings Summary

DNA X

15/05/2024 24:47

* Sonim Technologies Inc  SONM.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in March.  The
lone analyst forecast for the quarter was for a loss of 3 cents
per share. 
    * Revenue was $16.78 million​; analysts expected $18.00
million. 
    * Sonim Technologies Inc's reported EPS for the quarter was
a loss
of 7 cents​.
    * The company reported a quarterly loss of $2.91 million.
    * Sonim Technologies Inc shares had fallen by 4.1% this
quarter and lost 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 400%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for Sonim
Technologies Inc is $2.00 

This summary was machine generated from LSEG data May 14 at
11:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.03          -0.07          Missed
 Dec. 31 2023      0.01           -0.03          Missed