Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, the Company's expectations in connection with the change of its ticker and the operations of its digital asset trading platform.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as "future," "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, availability of cash on hand to execute the Company's strategy, potential material delays in realizing projected timelines, potential trademark disputes and unavailability of the ticker symbol, and risks related to the Company's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of the common stock.

It is very difficult to predict the effect of known factors, and the Company cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties, and other factors, including those factors disclosed in this Current Report and those factors disclosed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K filed with the SEC and the Company's subsequent Quarterly Reports on Form 10-Q filed with the SEC. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this report, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281834

SOURCE Sonim Technologies, Inc.

HOLLYWOOD, FL, UNITED STATES, January 26, 2026 /EINPresswire.com/ -- NEXA (formerly Social Mobile) has completed its acquisition of Sonim Technologies (“Sonim”), the US-based leader in ultra-rugged, mission-critical communication devices for enterprise, government and public safety markets. The acquisition is a key milestone in NEXA’s strategy to expand its leadership in purpose-built enterprise mobility solutions and deliver innovative, scalable offerings to customers worldwide.

The integration of Sonim’s rugged device portfolio with NEXA’s custom enterprise solutions creates a trusted partner for organizations seeking end-to-end mobility solutions. Together, the companies will offer a comprehensive range of TAA-compliant hardware and software solutions with enterprise-level certifications designed to lower total cost of ownership (TCO) while ensuring reliability and scalability.

CEO of NEXA Robert Morcos said, “We are excited to welcome Sonim and its talented team to the NEXA family. Sonim’s reputation for rugged, mission-critical mobile communications aligns seamlessly with NEXA’s expertise in delivering purpose-built enterprise solutions. Now, with approximately 250 team members, we are uniquely positioned to help customers operate more securely, scale with confidence, and perform in the most demanding environments. This combination strengthens our ability to innovate faster and deliver even greater value to our global customer base.”

The Sonim product line will continue to build on its strong market position in ultra-rugged, mission-critical communication devices. As a result of the acquisition, Sonim will transition from a publicly traded company to a privately held entity. This change will allow Sonim to focus on long-term growth and innovation as part of NEXA’s portfolio of purpose-built enterprise mobility solutions. Sonim will remain focused on serving industries such as first responders, transportation, logistics, and construction, amongst others, while leveraging NEXA’s expertise in custom enterprise solutions to expand its offerings.

About NEXA
NEXA^® is a global innovator of enterprise mobility, specializing in private label solutions that empower organizations to work smarter and scale faster. Our diversified portfolio spans handhelds, tablets, wearables, and IoT devices, each designed in the USA, fully certified, and built to meet the highest industry standards.

Established in 2011 and with more than 15 million devices deployed globally, NEXA has a proven track record of delivering secure, scalable mobility solutions that integrate seamlessly into enterprise ecosystems. From healthcare and transportation to the public sector and defense, our solutions are engineered for performance, durability, and long-term deployment. U.S.-based design expertise combined with global reach ensures solutions that meet the exact requirements of our myriad and varied client base.

For more information, please visit
https://nexamobility.com/sonim
https://www.sonimtech.com/about/news/nexa

Media Contacts:
Jay Nichols
Nichols Communications
jay@nicholscomm.com

Anette Gaven
NEXA
+1 619-993-3058
marketing@nexamobility.com

San Diego, California--(Newsfile Corp. - December 31, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM) today announced that its stockholders approved the previously announced Asset Purchase Agreement with NEXA® (formerly Social Mobile) at a special meeting held on December 30, 2025.

The approval authorizes Sonim to complete the sale of substantially all assets related to its rugged mobile phone and hotspot business. The transaction is expected to close in January 2026, subject to customary closing conditions. Proceeds from the transaction are expected to be used to retire debt and provide working capital for the company's cryptocurrency trading platform business.

Following the closing, NEXA, a privately held company, will acquire Sonim's brand and rugged device portfolio. NEXA will continue to manufacture, market, and sell Sonim-branded rugged mobile phones and mobile broadband products as part of its enterprise mobility solutions.

Upon completion of the sale, the public company will rebrand and shift its strategic focus to DNA X, a crypto trading platform acquired by Sonim in December 2025. DNA X operates a decentralized finance (DeFi) protocol that automates trading on decentralized exchanges, including recurring and limit orders. Sonim expects to change its name to "DNA X, Inc." and begin trading under a new Nasdaq ticker symbol "DNAX" within 30 days after the consummation of the Asset Sale.This strategic pivot positions the public company to participate in the growing DeFi ecosystem while operating independently from the rugged mobility business.

Mike Mulica, Executive Chair of Sonim Technologies, said:
"This transaction represents a clear inflection point for Sonim. Stockholder approval allows us to place the rugged mobility business with NEXA, which is well positioned to support customers, while enabling the public company to focus exclusively on scaling the DNA X crypto trading platform. We believe this outcome provides clarity and long-term opportunity for our stakeholders."

Sonim Technologies will remain headquartered in San Diego, California.

About Sonim Technologies
Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the statements relating to the timing of the consummation of the asset purchase and the development of the new lines of business. These forward-looking statements are based on Sonim's current expectations, estimates, and projections about its business and industry, management's beliefs, and certain assumptions made by Sonim, all of which are subject to change. Forward-Looking statements generally can be identified by the use of forward-looking terminology such as "achieve," "aim," "ambitions," "anticipate," "believe," "committed," "continue," "could," "designed," "estimate," "expect," "forecast," "future," "goals," "grow," "guidance," "intend," "likely," "may," "milestone," "objective," "on track," "opportunity," "outlook," "pending," "plan," "position," "possible," "potential," "predict," "progress," "promises," "roadmap," "seek," "should," "strive," "targets," "to be," "upcoming," "will," "would," and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements.

Factors that may cause actual results to differ materially include, but are not limited to, the following: risks associated with Sonim's ability to develop its new line of business; risks related to Sonim's liquidity and its inability to maintain its business prior to the asset purchase without consummation of an alternative transaction; risks related to the timing of the closing of the asset purchase agreement, including the risk that the conditions to the transactions contemplated thereby are not satisfied on a timely basis or at all or the failure of the asset purchase agreement to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction, including in circumstances which would require the Company to pay a termination fee; the effect of the announcement or pendency of the proposed transaction on the Company's ability to attract, motivate or retain key executives and associates, its ability to maintain relationships with its customers, vendors, service providers and others with whom it does business, or its operating results and business generally; the availability of cash on hand; various economic, political, environmental, social, and market events beyond Sonim's control, as well as the other risk factors described under "Risk Factors" included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this report, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279273

SOURCE Sonim Technologies, Inc.

San Diego, California--(Newsfile Corp. - November 25, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM) today announced the filing of a preliminary proxy statement with the U.S. Securities and Exchange Commission (the "SEC") in connection with a special meeting of stockholders ("Special Meeting") to consider and vote on the proposed sale of substantially all of Sonim's assets to NEXA Mobility NEXA (formerly Social Mobile).

Asset Purchase Agreement

On July 17, 2025, Sonim entered into an asset purchase agreement under which NEXA will acquire Sonim's assets and assume its current liabilities for a total consideration of $15 million, plus a potential $5 million earn-out, in an all-cash transaction.

Special Stockholders' Meeting

Sonim filed its preliminary proxy statement on November 25, 2025. At the Special Meeting, stockholders will vote on the proposed asset sale. If approved, the transaction is expected to close as soon as practicable after the special meeting, subject to the satisfaction of customary closing conditions. The date, time, record date, and other details for the special meeting will be provided in definitive proxy materials to be filed with the SEC and mailed to stockholders of record.

In addition to the proposed asset sale to NEXA, Sonim is pursuing a separate transaction involving Sonim's public company vehicle. This contemplated transaction would be independent of, and in addition to, the asset sale, and is intended to increase value for Sonim's stockholders. No assurance can be given that such separate transaction will be consummated.

For more information about the Special Meeting, visit: https://ir.sonimtech.com/sec-filings/all-sec-filings, or contact: contact Sodali & Co, our proxy solicitor:

Stockholders Call Toll-Free in North America: (800) 662-5200; Outside of North America Call Collect: (203) 658-94000; E-mail: SONM@investor.sodali.com

About Sonim Technologies
Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the statements relating to the timing of the consummation of the asset purchase agreement, the probability of the earn-out payment, and the ability of the company to consummate an alternative transaction in addition to the asset purchase agreement. These forward-looking statements are based on Sonim's current expectations, estimates, and projections about its business and industry, management's beliefs, and certain assumptions made by Sonim, all of which are subject to change. Forward-Looking statements generally can be identified by the use of forward-looking terminology such as "achieve," "aim," "ambitions," "anticipate," "believe," "committed," "continue," "could," "designed," "estimate," "expect," "forecast," "future," "goals," "grow," "guidance," "intend," "likely," "may," "milestone," "objective," "on track," "opportunity," "outlook," "pending," "plan," "position," "possible," "potential," "predict," "progress," "promises," "roadmap," "seek," "should," "strive," "targets," "to be," "upcoming," "will," "would," and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements.

Factors that may cause actual results to differ materially include, but are not limited to, the following: the risk associated with Sonim's ability to obtain the approvals of its stockholders required to consummate the asset purchase agreement; risks associated with Sonim's ability to find a target for an alternative transaction and enter into an alternative transaction; risks related to Sonim's liquidity and its inability to maintain its business prior to the asset purchase without consummation of an alternative transaction; risks related to the timing of the closing of the asset purchase agreement, including the risk that the conditions to the transactions contemplated thereby are not satisfied on a timely basis or at all or the failure of the asset purchase agreement to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the possibility that competing offers or acquisition proposals for the Company will be made; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction, including in circumstances which would require the Company to pay a termination fee; the effect of the announcement or pendency of the proposed transaction on the Company's ability to attract, motivate or retain key executives and associates, its ability to maintain relationships with its customers, vendors, service providers and others with whom it does business, or its operating results and business generally; the availability of cash on hand; potential material delays in realizing projected timelines; Sonim's material dependence on its relationship with a small number of customers who account for a significant portion of Sonim's revenue; Sonim's entry into the data device sector could divert our management team's attention from existing products; risks related to Sonim's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim's common stock; Sonim's ability to continue to develop solutions to address user needs effectively, including its next-generation products; Sonim's reliance on third-party contract manufacturers and partners; Sonim's ability to stay ahead of the competition; Sonim's ongoing transformation of its business; the variation of Sonim's quarterly results; the lengthy customization and certification processes for Sonim's wireless carries customers; various economic, political, environmental, social, and market events beyond Sonim's control, as well as the other risk factors described under "Risk Factors" included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this report, except as required by law.

Additional Information and Where to Find It

This communication relates to the proposed transaction involving Sonim. This communication does not constitute a solicitation of any vote or approval. In connection with the proposed transaction, Sonim plans to file with the SEC a definitive proxy statement (the "Proxy Statement") relating to a special meeting of its stockholders and may file other documents with the SEC relating to the proposed transaction. This communication is not a substitute for the Proxy Statement or any other document that Sonim may file with the SEC or send to its stockholders in connection with the proposed transaction. Before making any voting decision, stockholders of Sonim are urged to read the Proxy Statement in its entirety when it becomes available and any other relevant documents filed or to be filed with the SEC and any amendments or supplements thereto and any documents incorporated by reference therein, because they will contain important information about the proposed transaction and the parties to the proposed transaction. Any vote in respect of resolutions to be proposed at a stockholder meeting of Sonim to approve the proposed transaction or related matters, or other responses in relation to the proposed transaction, should be made only on the basis of the information contained in the Proxy Statement. Investors and security holders will be able to obtain the Proxy Statement and other documents Sonim files with the SEC (when available) free of charge at the SEC's website (http://www.sec.gov) or at Sonim's investor relations website (https://ir.sonimtech.com/) or by e-mailing Sonim at ir@sonimtech.com.

Participants in the Solicitation

Sonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors - James Cassano, Mike Mulica, Jack Steenstra, and George Thangadurai - under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the proposed Transaction.

Stockholders may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions "Directors, Executive Officers, and Corporate Governance," and "Certain Relationships and Related Party Transactions" of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, 2025 and "Security Ownership of Certain Beneficial Owners and Management" of Sonim's definitive proxy statement for the 2025 Special Meeting filed with the SEC on September 19, 2025.

Any subsequent updates following the date hereof to the information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the proposed Transaction, if and when they become available. These documents will be available free of charge as described above.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275875

SOURCE Sonim Technologies, Inc.

Net loss narrowed to $4.8 million as operating expense declined and sales improved

Stockholders approved strategic initiatives including reverse stock split, share increase and reelection of Sonim Board nominees

Balance sheet strengthened through capital raise and new financing initiatives

San Diego, California--(Newsfile Corp. - October 31, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions for first responders, government, and enterprise, today announced its financial results for the third quarter ended September 30, 2025.

"The third quarter of 2025 marked a pivotal transition for Sonim as we began to see the results of our strategic focus with the new portfolio," said Peter Liu, Chief Executive Officer of Sonim Technologies. "The successful launch of the MegaConnect HPUE mobile hotspot with AT&T and FirstNet, alongside growing demand for our products, highlights the early success of our refreshed portfolio. At the same time, we are making significant progress toward completing the sale of our assets to NEXA Mobility (formerly Social Mobile), a critical step in positioning the company for future opportunities. We remain committed to building on this momentum and delivering value to stockholders in the fourth quarter."

Third Quarter 2025 Financial Highlights:

• Net revenue for Q3 2025 was $16.2 million, up 45% sequentially from Q2 2025.
• GAAP net loss for Q3 2025 was $4.8 million, improving from a GAAP net loss of $7.5 million in Q2 2025. Revenue growth and a decrease in operating expenses contributed to a sequential decrease in net loss in Q3 2025 compared to Q2 2025; however, one-time expenses tied to a potential hostile takeover and our continued strategic initiatives contributed to higher operating costs in both quarters.
• Adjusted EBITDA* for Q3 2025 was negative $2.0 million, reflecting an improvement from negative $3.2 million in Q2 2025.
• As of September 30, 2025, Sonim had $2.1 million in cash and cash equivalents, trade accounts receivable of $3.5 million, and inventory valued at $11.0 million.
• During the three months ended September 30, 2025, Sonim received net proceeds from equity offerings of approximately $4.8 million. The transaction proceeds were used to pay for one-time expenses and to finance new product launches.

Third Quarter Business Highlights

• Launched the Sonim MegaConnect™ 5G HPUE hotspot with AT&T and achieved FirstNet Trusted certification.
• Launched the Sonim XP Pro with T-Mobile in the United States; Bell, Rogers and Telus in Canada.
• Launched the Sonim XP Pro Thermal with Deutsche Telekom in Germany.
• Launched the Sonim XP3plus 5G feature flip phone with AT&T and achieved FirstNet certification.
• Launched the Sonim XP Pro Thermal and XP Pro E in Europe via authorized resellers.

Corporate Updates

• In July 2025, Sonim entered into a definitive agreement with NEXA (formerly known as Social Mobile) under which NEXA has agreed to purchase substantially all of Sonim's assets for $15.0 million in cash and up to $5.0 million in the form of an earn-out payment. The transaction is expected to close late in the fourth quarter, subject to customary closing conditions, including shareholder approval.
• In July 2025, Sonim stockholders elected all five of the Company's director nominees—Mike Mulica, Peter Liu, James Cassano, Jack Steenstra, and newly appointed director, George Thangadurai—to the Company's Board of Directors.
• In October 2025, Sonim stockholders approved a reverse stock split, which was effected at a ratio of 1-for-18. Trading on a split-adjusted basis began on October 27, 2025. This reverse stock split enables Sonim to regain compliance with Nasdaq listing requirements.
• In October 2025, Sonim stockholders approved an increase of authorized shares to 1 billion, providing flexibility to support potential future capital transactions.

* Non-GAAP financial measure. An explanation and reconciliation of non-GAAP financial measures are presented at the end of this press release.

Third Quarter 2025 Financial Results

"Our third-quarter results reflect the impact of one-time expenses related to the proxy contest, due diligence for the asset sale, and preparations for a special shareholders' meeting that took place in October," said Clay Crolius, Chief Financial Officer of Sonim Technologies. "While these costs affected our short-term results, they position us to complete key transactions and unlock future value. We remain focused on exploring strategic opportunities to monetize our Nasdaq listing and maximizing shareholder value, while maintaining disciplined financial management to drive growth and innovation."

Revenue for the third quarter of 2025 was $16.2 million, an increase from $11.2 million in the second quarter of 2025, which was driven by increased demand for the Sonim XP Pro and XP Pro Thermal and the successful launch of the Sonim MegaConnect HPUE mobile hotspot with AT&T and FirstNet.

Gross profit for the third quarter of 2025 was $1.8 million, or 11% of revenues, compared to the second quarter of 2025 gross profit of $0.8 million, or 8% of revenues. Gross margins reflect additional labor costs in the third quarter of 2025 to address quality control and software issues and the second quarter reflected a $1.1 million loss on impairment of contract fulfillment assets.

Operating expenses decreased to $5.8 million in the third quarter of 2025 compared to $7.6 million in the second quarter of 2025. The decrease was primarily driven by a $1.0 million reduction in sales & marketing costs as fewer products were launched, and a $0.7 million decrease in R&D expenses as fewer new products were under development.

Net loss improved to $4.8 million for the third quarter of 2025, compared to $7.5 million in the second quarter of 2025, driven by higher sales and reduced sales & marketing expenses.

Balance Sheet and Working Capital

Ended the third quarter of 2025 with $2.1 million in cash, $3.5 million in trade accounts receivable, and $11.0 million in inventory.

About Sonim Technologies

Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Important Cautions Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the company's financial condition, strategic initiatives, and the timeline of the consummation of the asset purchase agreement. These forward-looking statements are based on Sonim's current expectations, estimates and projections about its business and industry, management's beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "achieve," "aim," "ambitions," "anticipate," "believe," "committed," "continue," "could," "designed," "estimate," "expect," "forecast," "future," "goals," "grow," "guidance," "intend," "likely," "may," "milestone," "objective," "on track," "opportunity," "outlook," "pending," "plan," "position," "possible," "potential," "predict," "progress," "promises," "roadmap," "seek," "should," "strive," "targets," "to be," "upcoming," "will," "would," and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the availability of cash on hand; potential material delays in realizing projected timelines; Sonim's ability to meet expectations regarding the timing and completion of the declared strategic initiatives to return value to stockholders; Sonim's ability to complete the asset purchase agreement and the consequences if Sonim fails to do so; Sonim's ability to consummate a strategic transaction complementary to the asset purchase agreement and ensure the continuation of its business following the disposition of the legacy business; Sonim's material dependence on its relationship with a small number of customers who account for a significant portion of Sonim's revenue; Sonim's entry into the data device sector could divert our management team's attention from existing products; risks related to Sonim's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim's common stock; Sonim's ability to continue to develop solutions to address user needs effectively, including its next-generation products; the U.S. trade policy, including the imposition of tariffs; Sonim's reliance on third-party contract manufacturers and partners; Sonim's ability to stay ahead of the competition; Sonim's ongoing transformation of its business; the variation of Sonim's quarterly results; the lengthy customization and certification processes for Sonim's wireless carrier customers; various economic, political, environmental, social, and market events beyond Sonim's control, as well as the other risk factors described under "Risk Factors" included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

SONIM TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT SHARE AND
PER SHARE AMOUNTS)

(*) Adjusted retroactively to reflect the 1-for-18 reverse stock split that became effective on October 27, 2025.

SONIM TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
(UNAUDITED)

(*) Adjusted retroactively to reflect the 1-for-18 reverse stock split that became effective on October 27, 2025.

Non-GAAP Financial Measures

In addition to our financial results determined in accordance with U.S. GAAP, we believe the following non-GAAP and operational measures are useful in evaluating our performance-related metrics and present them as a supplemental measure of our performance.

Adjusted EBITDA

We define Adjusted EBITDA as net loss adjusted to exclude the impact of stock-based compensation expense, depreciation and amortization, interest expense, income taxes, adjustments due to the expiration of customer allowance agreements, impairment of contract fulfillment assets, financing costs, and non-recurring legal and professional fees. Adjusted EBITDA is a useful financial metric in assessing our operating performance from period to period by excluding certain items that we believe are not representative of our core business, such as certain material non-cash items and other adjustments, such as stock-based compensation.

We believe that Adjusted EBITDA, viewed in addition to, and not in lieu of, our reported GAAP results, provides useful information to investors regarding our performance and overall results of operations for various reasons, including: one-time non-cash asset impairment costs, financing costs, and non-recurring legal and professional fees as they do not reflect normal operations; non-cash equity grants made to employees at a certain price do not necessarily reflect the performance of our business at such time, and as such, stock-based compensation expense is not a key measure of our operating performance; and non-cash depreciation and amortization are not considered a key measure of our operating performance. We use Adjusted EBITDA: as a measure of operating performance; for planning purposes, including the preparation of budgets and forecasts; to allocate resources to enhance the financial performance of our business; to evaluate the effectiveness of our business strategies; in communications with our board of directors concerning our financial performance; and as a consideration in determining compensation for certain key employees.

Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP. Some of these limitations include: it does not reflect all cash expenditures, future requirements for capital expenditures or contractual commitments; it does not reflect changes in, or cash requirements for, working capital needs; it does not reflect interest expense on our debt or the cash requirements necessary to service interest or principal payments; and other companies in our industry may define and/or calculate this metric differently than we do, limiting its usefulness as a comparative measure.

Set forth below is a reconciliation from net income (loss) to Adjusted EBITDA for the respective periods (in thousands):

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272694

SOURCE Sonim Technologies, Inc.

San Diego, California--(Newsfile Corp. - August 19, 2025) - Sonim Technologies (NASDAQ: SONM) today announced the availability of the XP3plus 5G, its newest ultra-rugged flip phone, on AT&T. Certified for use on FirstNet – the only nationwide wireless communication platform built with and for first responders – the XP3plus 5G is designed to serve the critical communications needs of first responders, government agencies, and enterprise field workers.

(C)2025. Sonim Technologies, Inc. All rights reserved. Sonim XP3plus 5G now at AT&T.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8971/263046_sonim_social_xp3plus_att_pr_0818-01.jpg

Building on the award-winning XP3plus 4G, the new 5G version features significant upgrades, including a Qualcomm® SM4450 5G chipset, a larger display, and an enhanced 3000mAh removable battery for up to 30 hours of talk time¹. With 4GB RAM, 32GB internal storage, and expandable memory up to 512GB², the XP3plus 5G ensures powerful performance in high-demand, mission-critical scenarios.

The XP3plus 5G is FirstNet Ready®, meaning it has been certified and tested to operate on FirstNet and supports the FirstNet network core, providing first responders with truly dedicated coverage and capacity when they need it and unique benefits like always-on priority and preemption.

"The XP3plus 5G delivers secure, reliable, and distraction-free communication tools for mission-critical professionals," said Michael Coad, SVP of Product at Sonim Technologies. "Rugged flip phones remain essential for government, public safety, and industrial users. With FirstNet certification, the XP3plus 5G on AT&T ensures dependable communication during network congestion, while its long battery life and camera/non-camera options provide peace of mind and enhanced security in environments where traditional smartphones are not practical–and in many cases–not permitted."

Two Models for Diverse Needs
The XP3plus 5G is available in camera and non-camera variants, meeting a wide range of operational requirements. The non-camera model supports security protocols in sensitive government or defense environments, while the camera-enabled version aids in visual documentation for field technicians and inspectors.

Backed by Sonim's Industry-Leading Support
Every XP3plus 5G on AT&T comes with a 3-year comprehensive warranty³, SonimCare™ customer support, and access to SonimWare™, a suite of software tools to streamline deployment, management, and productivity.

Engineered for Extreme Environments
Meeting Sonim Rugged Performance Standards (RPS), the XP3plus 5G surpasses MIL-STD-810H and IP68 certifications⁴, making it ideal for high-impact industries like public safety, construction, manufacturing, and utilities. The device is also waterproof up to five feet for 30 minutes; drop-tested onto concrete; operational from -4°F to 131°F; and certified safe for use in hazardous locations (Class I, II, III, Div 2).

Superior Audio and Communication Tools
With an ultra-loud front-facing speaker delivering 100dB+ audio⁵, dual-microphone noise and echo cancellation, and dedicated Push-to-Talk (PTT) and SOS buttons, the XP3plus 5G is designed for clear, immediate communication in any situation–even while wearing gloves or protective gear.

Availability
The Sonim XP3plus 5G will be available Wednesday, August 20, online at att.com, and for qualified public safety agencies and personnel via FirstNet. For more product information, visit:
https://www.sonimtech.com/products/phones/xp3plus-5g.

¹ Battery life varies significantly with settings, usage and other factors.
² External storage SD card not included. Must be purchased separately.
³ The 3 year warranty covers everything except the following:
(a) damage resulting from abuse, accident or misuse; (b) damage resulting from use outside the parameters indicated in the User Guide, including those related to liquid, shock and dust exposure; (c) cosmetic damage including dents and scratches; (d) ordinary wear and tear; (e) damage resulting from use of this mobile phone with accessories, equipment or other mobile phones or equipment not furnished or expressly approved by Sonim; (f) damage resulting from third-party software; (g) damage resulting from maintenance, service adjustment or installation of the mobile phone, performed or attempted by any person or entity not expressly authorized by Sonim; (h) loss of use of the mobile phone (i) loss of data, information or third-party applications or software; (j) fire, flood, windstorm, lightning, earthquake, exposure to extreme weather conditions, electrical surge or improper voltage; (k) mobile phone performance issues resulting from cellular signal reception or transmission, (l) damage resulting from viruses, malware, trojan horses or other software problems; and (m) mobile phones in which the serial number is missing or has been altered, damaged or defaced. Warranty on the battery and accessories is 1 year.
⁴ Based on SGS lab testing & certification. These devices meet and/or exceed specification (MIL-STD-810H) testing against a subset of specific environmental conditions, including temperature/humidity, thermal shock, mechanical shock/drop/vibration, water and solar radiation. Real world usage varies from the specific environmental conditions used in MIL-STD-810H testing. These devices meet and/or exceed IP68 testing. Real world usage varies from the specific conditions used in IP68 testing.
⁵ To prevent possible hearing damage, do not listen at high volume levels for long periods of time.

Sonim is a registered trademark of Sonim Technologies, Inc.

©2025 AT&T Intellectual Property. FirstNet and the FirstNet logo are registered trademarks and service marks of the First Responder Network Authority. All other marks are the property of their respective owners.

Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

###

About Sonim Technologies
Sonim Technologies is a leading U.S. provider of ultra-rugged and rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the timeline of new products. These forward-looking statements are based on Sonim's current expectations, estimates and projections about its business and industry, management's beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "achieve," "aim," "ambitions," "anticipate," "believe," "committed," "continue," "could," "designed," "estimate," "expect," "forecast," "future," "goals," "grow," "guidance," "intend," "likely," "may," "milestone," "objective," "on track," "opportunity," "outlook," "pending," "plan," "poised," "position," "possible," "potential," "predict," "progress," "promises," "roadmap," "seek," "should," "strive," "targets," "to be," "upcoming," "will," "would," and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the availability of cash on hand; potential material delays in realizing projected timelines for Sonim's products; the current interest and potential attempt of a hostile takeover from a third party may divert the management attention from Sonim's business and may require significant expenses; Sonim's susceptibility to supply chain disruptions; a potential strain on Sonim's resources as a result of rapid customer ramp-up and significant increases in demand; Sonim's material dependence on its relationship with a small number of customers who account for a significant portion of Sonim's revenue; risks related to Sonim's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim's common stock; Sonim's ability to continue to develop solutions to address user needs effectively, including its next-generation products; Sonim's reliance on third-party contract manufacturers and partners; Sonim's ability to stay ahead of the competition; Sonim's ongoing transformation of its business; the variation of Sonim's quarterly results; the lengthy customization and certification processes for Sonim's wireless carries customers; various economic, political, environmental, social, and market events beyond Sonim's control, as well as the other risk factors described under "Risk Factors" included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263046

SOURCE Sonim Technologies, Inc.

Q2 Results Reflect Investments, Product Launches, and Progress on Social Mobile's Acquisition of Sonim

San Diego, California--(Newsfile Corp. - August 8, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions for first responders, government, and enterprise, today announced its financial results for the second quarter ended June 30, 2025.

"The second quarter of 2025 marked a pivotal period for Sonim as we laid the groundwork for a strong finish to the year," said Peter Liu, CEO of Sonim Technologies. "Tier-one carrier launches of our XP Pro series and 5G flip feature phone are now underway in the third quarter. We also debuted Sonim MegaConnect, the world's first HPUE mobile hotspot—in collaboration with FirstNet and AT&T—and we are energized by the overwhelming customer enthusiasm and robust orders. Additionally, the recently announced agreement for Social Mobile to acquire Sonim underscores the value of our innovation and market strategy. We are confident that these milestones position us for sustained growth and success as we move forward."

Second Quarter 2025 Financial Highlights:

• Net revenue of $11.2 million, down 33% from the first quarter of 2025. The first quarter reflected a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements.

• GAAP net loss for the quarter was $7.5 million, compared to net income of $0.5 million in the first quarter of 2025. The second quarter of 2025 includes a loss on the impairment of contract fulfillment assets related to the end of life of our legacy products, as well as increased costs related to our contested proxy solicitation. The first quarter of 2025 includes a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements.

• Adjusted EBITDA* was negative $3.2 million, unchanged from the first quarter of 2025.

• Ended the quarter with cash and cash equivalents totaling $2.0 million, trade accounts receivable of $2.9 million, and inventory valued at $9.9 million.

• Raised $5.4 million in capital through sales of our common stock, net of issuance costs. Transaction proceeds were used for further expansion of product offerings and to finance new product launches.

Second Quarter 2025 Business Highlights

• Launched XP Pro smartphone with AT&T.

• Commenced shipments of the Sonim H500 mobile hotspot to distributors in Europe to support third quarter launches with tier-one operators Deutsche Telekom in Germany, Telenor in Norway, and Swisscom in Switzerland.

• Awarded promotional slot for the Sonim H500 5G mobile hotspot with Verizon.

Corporate Updates

• In July, Sonim entered into a definitive agreement with Social Mobile under which Social Mobile agreed to purchase substantially all of Sonim's assets in an all-cash transaction for $15.0 million and up to an additional $5.0 million in an earn-out payment. The transaction received approval by the Sonim Board of Directors and is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including stockholder approval.

• In July, Sonim stockholders elected all five of the Company's director nominees—Mike Mulica, Peter Liu, James Cassano, Jack Steenstra, and newly nominated director, George Thangadurai—to the Company's Board of Directors.

Second Quarter 2025 Financial Results

"Our second quarter results reflect some one-time expenses driven by unique circumstances, including legal fees associated with the proxy battle and due diligence efforts," said Clay Crolius, Chief Financial Officer of Sonim Technologies. "While these factors, along with the timing shifts of product shipments, impacted our short-term financials, they were necessary steps in positioning the company for long-term success. As we move forward, we remain focused on exploring strategic opportunities to monetize our Nasdaq listing and deliver maximum value to our shareholders. We are committed to disciplined financial management and leveraging our resources to support growth and innovation in the quarters ahead."

Revenue for the second quarter of 2025 was $11.2 million, a decrease from $16.7 million in the first quarter of 2025. The first quarter of 2025 included a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements.

Gross profit for the second quarter of 2025 was $0.8 million, or 8% of revenues, compared to the first quarter of 2025 gross profit of $8.4 million, or 50% of revenues. Gross profit margins reflected a $1.1 million loss on impairment of contract fulfillment assets in the second quarter of 2025 and $5.3 million in revenue related to the expiration of customer allowance agreements in the first quarter of 2025.

Operating expenses decreased from $7.7 million in the first quarter of 2025 to $7.6 million in the second quarter of 2025, primarily because R&D costs decreased by $0.7 million due to a substantial portion of development costs for new products being completed in the first quarter of 2025. This decrease was partially offset by higher G&A and Sales & Marketing expenses due to higher legal and professional fees related to the contested proxy.

The net loss for the second quarter of 2025 was $7.5 million, as compared to net income of $0.5 million in the first quarter of 2025, which included a $5.3 million one-time adjustment to revenue due to the expiration of customer allowance agreements. Adjusted EBITDA* in the second quarter of 2025 was negative $3.2 million, which was unchanged from the first quarter of 2025.

Balance Sheet and Working Capital

Sonim ended the second quarter of 2025 with $2.0 million in cash, $2.9 million in trade accounts receivable, and $9.9 million in inventory.

Subsequent to quarter end, Sonim received net proceeds of $7.1 million related to sales of common stock through a public offering and the issuance of debt. These proceeds improve the Company's balance sheet and provide working capital to support future product launches.

* Non-GAAP financial measure. An explanation and reconciliation of non-GAAP financial measures are presented at the end of this press release.

About Sonim Technologies

Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Important Cautions Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the scheduled release of new products, our growth strategy, and the timing of the consummation of the Asset Purchase Agreement. These forward-looking statements are based on Sonim's current expectations, estimates and projections about its business and industry, management's beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "achieve," "aim," "ambitions," "anticipate," "believe," "committed," "continue," "could," "designed," "estimate," "expect," "forecast," "future," "goals," "grow," "guidance," "intend," "likely," "may," "milestone," "objective," "on track," "opportunity," "outlook," "pending," "plan," "position," "possible," "potential," "predict," "progress," "promises," "roadmap," "seek," "should," "strive," "targets," "to be," "upcoming," "will," "would," and variations of such words and similar expressions or the negative of those terms or expressions.

Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the availability of cash on hand; the risk associated with Sonim's ability to obtain the approvals of its stockholders required to consummate the Asset Purchase Agreement; risks associated with Sonim's ability to find and RTO target and enter into an RTO; risks related to the timing of the closing of the Asset Purchase Agreement, including the risk that the conditions to the transactions contemplated thereby are not satisfied on a timely basis or at all or the failure of the Asset Purchase Agreement to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the possibility that competing offers or acquisition proposals for the Company will be made; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction, including in circumstances which would require the Company to pay a termination fee; the effect of the announcement or pendency of the proposed transaction on the Company's ability to attract, motivate or retain key executives and associates, its ability to maintain relationships with its customers, vendors, service providers and others with whom it does business, or its operating results and business generally; potential material delays in realizing projected timelines; the current interest and potential attempt of hostile takeover from a third party may divert the management attention from Sonim's business and may require significant expenses; Sonim's material dependence on its relationship with a small number of customers who account for a significant portion of Sonim's revenue; Sonim's entry into the data device sector could divert our management team's attention from existing products; risks related to Sonim's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim's common stock; Sonim's ability to continue to develop solutions to address user needs effectively, including its next-generation products; the U.S. trade policy, including the imposition of tariffs; Sonim's reliance on third-party contract manufacturers and partners; Sonim's ability to stay ahead of the competition; Sonim's ongoing transformation of its business; the variation of Sonim's quarterly results; the lengthy customization and certification processes for Sonim's wireless carries customers; various economic, political, environmental, social, and market events beyond Sonim's control, as well as the other risk factors described under "Risk Factors" included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

Additional Information and Where to Find It

This communication relates to the proposed transaction involving Sonim. This communication does not constitute a solicitation of any vote or approval. In connection with the proposed transaction, Sonim plans to file with the SEC a proxy statement (the "Proxy Statement") relating to a special meeting of its stockholders and may file other documents with the SEC relating to the proposed transaction, including a prospectus. This communication is not a substitute for the Proxy Statement or any other document that Sonim may file with the SEC or send to its stockholders in connection with the proposed transaction. Before making any voting decision, stockholders of Sonim are urged to read the Proxy Statement in its entirety when it becomes available and any other relevant documents filed or to be filed with the SEC and any amendments or supplements thereto and any documents incorporated by reference therein, because they will contain important information about the proposed transaction and the parties to the proposed Transaction. Any vote in respect of resolutions to be proposed at a stockholder meeting of Sonim to approve the proposed transaction or related matters, or other responses in relation to the proposed transaction, should be made only on the basis of the information contained in the Proxy Statement. Investors and security holders will be able to obtain the Proxy Statement and other documents Sonim files with the SEC (when available) free of charge at the SEC's website (http://www.sec.gov) or at Sonim's investor relations website (https://ir.sonimtech.com/) or by e-mailing Sonim at ir@sonimtech.com.

Participants in the Solicitation

Sonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors — James Cassano, Mike Mulica, Jack Steenstra, and George Thangadurai — under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the proposed Transaction.

Stockholders may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions "Directors, Executive Officers, and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management," and "Certain Relationships and Related Party Transactions" of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, 2025.

Any subsequent updates following the date hereof to the information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the proposed Transaction, if and when they become available. These documents will be available free of charge as described above.

SONIM TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT SHARE AND
PER SHARE AMOUNTS)

SONIM TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
(UNAUDITED)

Non-GAAP Financial Measures

In addition to our financial results determined in accordance with U.S. GAAP, we believe the following non-GAAP and operational measures are useful in evaluating our performance-related metrics and present them as a supplemental measure of our performance.

Adjusted EBITDA

We define Adjusted EBITDA as net loss adjusted to exclude the impact of stock-based compensation expense, depreciation and amortization, interest expense, income taxes, adjustments due to the expiration of customer allowance agreements, impairment of contract fulfillment assets, financing costs, and non-recurring legal and professional fees. Adjusted EBITDA is a useful financial metric in assessing our operating performance from period to period by excluding certain items that we believe are not representative of our core business, such as certain material non-cash items and other adjustments, such as stock-based compensation.

We believe that Adjusted EBITDA, viewed in addition to, and not in lieu of, our reported GAAP results, provides useful information to investors regarding our performance and overall results of operations for various reasons, including: one-time non-cash asset impairment costs, financing costs, and non-recurring legal and professional fees as they do not reflect normal operations; non-cash equity grants made to employees at a certain price do not necessarily reflect the performance of our business at such time, and as such, stock-based compensation expense is not a key measure of our operating performance; and non-cash depreciation and amortization are not considered a key measure of our operating performance. We use Adjusted EBITDA: as a measure of operating performance; for planning purposes, including the preparation of budgets and forecasts; to allocate resources to enhance the financial performance of our business; to evaluate the effectiveness of our business strategies; in communications with our board of directors concerning our financial performance; and as a consideration in determining compensation for certain key employees.

Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP. Some of these limitations include: it does not reflect all cash expenditures, future requirements for capital expenditures or contractual commitments; it does not reflect changes in, or cash requirements for, working capital needs; it does not reflect interest expense on our debt or the cash requirements necessary to service interest or principal payments; and other companies in our industry may define and/or calculate this metric differently than we do, limiting its usefulness as a comparative measure.

Set forth below is a reconciliation from net income (loss) to Adjusted EBITDA for the respective periods (in thousands):

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261900

SOURCE Sonim Technologies, Inc.

San Diego, California--(Newsfile Corp. - July 30, 2025) - Sonim Technologies (NASDAQ: SONM), a leading provider of ultra-rugged mobile solutions, today announced the launch and availability of the Sonim XP Pro across Canada. Now available through Bell, Telus, Rogers, and SaskTel, the XP Pro is engineered for Canada's toughest jobs and harshest conditions and empowers those who keep the country moving. From emergency responders and utility crews to transportation operators and municipal crews, this ultra-rugged device delivers uncompromising performance, seamless connectivity, and the confidence to stay mission-ready—no matter where the work takes them.

The Sonim XP Pro continues Sonim's legacy of delivering rugged devices that exceed industry standards for durability and reliability. Designed to meet the unique needs of Canadian businesses and public safety professionals, the XP Pro is packed with next-generation features that ensure seamless connectivity, mission-critical functionality, and all-day performance.

Key Features of the Sonim XP Pro:

• Unmatched Ruggedness: Engineered to Sonim Rugged Performance Standards (RPS), the XP Pro surpasses IP68 and MIL-STD-810H durability standards, is certified for IPX9K water resistance (withstands water submersion in both fresh and saltwater for one hour at a depth of 2 meters (6.5 feet)¹ making it ideal for industrial, emergency response, and maritime settings.), endures drops from 2 meters (6.5 feet) onto concrete across multiple angles, and is dust-tight and operable in temperatures from -20°C to 55°C (-4 °F to 131 °F), in addition to non-incendive Class I, II, III, and Division 2 ratings that further guarantee safety in hazardous environments where they may be flammable gases, dust, or fibers.

• Mission-Critical Controls: Programmable, glove-friendly buttons for Push-to-Talk (PTT), SOS, and other customizable functions ensure quick access to essential tools.

• Powerful Connectivity: Powered by the Snapdragon® Gen 7 processor (SM7550) 5G chipset, the XP Pro delivers ultra-reliable connectivity and faster data speeds, even in remote or challenging environments.

• Exceptional Audio Clarity: Dual loudspeakers with 100+ dB output and advanced noise cancellation ensure clear communication in noisy settings².

• All-Day Battery Life³: A robust 5000mAh battery supports long workdays with fast-charging options, including USB Type-C and multi-bay chargers.

• Reliable Performance Backed by a Powerful Core
  Comes standard with 8GB of RAM, and 256GB of storage (expandable to 2TB⁴), the XP Pro handles demanding applications, including near real-time monitoring, high-resolution imaging, and data processing.

• Comprehensive Warranty & Support - Backed by Sonim's industry-leading 3-year comprehensive warranty⁵, SonimCare support, and SonimWare device-management suite.

• Ecosystem & Accessories - Fully integrates with rugged accessories like vehicle mounts, headsets, and multi-bay chargers for seamless deployment.

"Sonim is known for delivering purpose-built solutions that no other brand can compete with, and the XP Pro is no exception," said Chuck Becher, Chief Commercial Officer, Sonim. "This device is designed to meet the unique needs of first responders and mission-critical professionals, offering unmatched durability, reliability, and performance. It's why Sonim continues to be the preferred choice for those who work in the most demanding environments. With its availability across Canada's leading carriers, our customers now have access to a rugged smartphone they can trust to get the job done, no matter the conditions."

Availability
The Sonim XP Pro is now available through Bell, Telus, Rogers, and SaskTel. For more information, visit www.sonimtech.com or contact sales@sonimtech.com.

¹ Based on Sonim internal and SGS lab testing & certification. The MIL-STD-810H testing includes drop testing onto concrete with the device on its front, corners and edges, a total of 26 times combined. These devices meet and/or exceed specification (MIL-STD-810H) testing against a subset of specific environmental conditions, including temperature/humidity, thermal shock, mechanical shock/drop/vibration, water and solar radiation. Real world usage varies from the specific environmental conditions used in MIL-STD-810H testing. These devices meet and/or exceed IP68/X9K testing against a vacuum test with talcum powder for 8 hours on 5 devices and testing the device against different conditions including turntable speed, waterflow, water pressure, water temperature, water submersion, test position, test distance from jet to sample and test duration. Real world usage varies from the specific conditions used in IP68/X9K testing.

² To prevent possible hearing damage, do not listen at high volume levels for long periods of time.

³ Battery life varies significantly with settings, usage and other factors.

⁴ External storage SD card not included. Must be purchased separately.

⁵ The 3 year warranty covers everything except the following:
(a) damage resulting from abuse, accident or misuse; (b) damage resulting from use outside the parameters indicated in the User Guide, including those related to liquid, shock and dust exposure; (c) cosmetic damage including dents and scratches; (d) ordinary wear and tear; (e) damage resulting from use of this mobile phone with accessories, equipment or other mobile phones or equipment not furnished or expressly approved by Sonim; (f) damage resulting from third-party software; (g) damage resulting from maintenance, service adjustment or installation of the mobile phone, performed or attempted by any person or entity not expressly authorized by Sonim; (h) loss of use of the mobile phone (i) loss of data, information or third-party applications or software; (j) fire, flood, windstorm, lightning, earthquake, exposure to extreme weather conditions, electrical surge or improper voltage; (k) mobile phone performance issues resulting from cellular signal reception or transmission, (l) damage resulting from viruses, malware, trojan horses or other software problems; and (m) mobile phones in which the serial number is missing or has been altered, damaged or defaced. Warranty on the battery and accessories is 1 year.

Sonim is a registered trademark of Sonim Technologies, Inc.

Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

Android is a trademark of Google LLC.

###

About Sonim Technologies
Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260648

SOURCE Sonim Technologies, Inc.

San Diego, California--(Newsfile Corp. - July 23, 2025) - Sonim Technologies (NASDAQ: SONM) today announced the availability of the XP Pro, its fully rugged flagship smartphone, now through T-Mobile. Certified for T-Priority featuring the first 5G network slice in the U.S. dedicated to first responders and mission-critical users—the XP Pro is designed for first responders, government, enterprise and field users nationwide who work in extreme conditions that require ultra durability.

(C)2025. Sonim Technologies, Inc.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8971/259754_sonim_pr_xppro_0722.jpg

Advancing Sonim's legacy of trusted ruggedness, the XP Pro is the latest evolution in Sonim's rugged mobile line up, delivering mission-critical performance, push-to-talk capability, and extreme durability.

Built to perform in the harshest environments, the XP Pro on T-Mobile introduces next-gen features tailored to enterprise, construction, logistics, healthcare, marine, public safety, and other demanding environments:

• Enhanced Connectivity and 5G Performance - Certified for T-Priority, T-Mobile's solution for first responders, and powered by the Qualcomm SM7550 5G chipset, the XP Pro delivers faster data speeds, expanded bandwidth, and ultra-reliable connectivity.

• Rugged by Design - Engineered to Sonim Rugged Performance Standards (RPS), the XP Pro surpasses IP68 and MIL-STD-810H durability standards, is certified for IPX9K water resistance (withstands water submersion in both fresh and saltwater for one hour at a depth of 6.5 feet¹ making it ideal for industrial, emergency response, and maritime settings.), endures drops from 6.5 feet onto concrete across multiple angles, and is dust-tight and operable in temperatures from -4 °F to 131 °F, in addition to non-incendive Class I, II, III, and Division 2 ratings that further guarantee safety.

• Mission Critical Programmable Controls - Features programmable, glove-friendly buttons that support Push-to-Talk (PTT) and MCPTT, SOS, and other customizable options allowing users to tailor the device to their unique operational needs while ensuring quick, reliable access to mission critical apps and tools.

• Long-Lasting Battery Life - Features a robust 5000mAh battery that supports long workdays² with fast-charging via USB Type-C and dual charging pads to support for multiple charging options such as multi-bay and vehicle chargers.

• Exceptional Audio Clarity - Equipped with dual loudspeakers with 100 dB+ output, and integrated echo and noise cancellation technology for further enhanced audio clarity, XP Pro is designed for high-noise worksites. Additionally, its SecureAudio™ connector guarantees reliable connections to rugged headsets and speaker microphones, providing mission-critical audio performance³.

• Reliable Performance Backed by a Powerful Core
  Comes standard with 8GB of RAM, and 256GB of storage (expandable to 2TB⁴), the XP Pro handles demanding applications, including near real-time monitoring, high-resolution imaging, and data processing.

• Comprehensive Warranty & Support - Backed by Sonim's industry-leading 3-year comprehensive warranty⁵, SonimCare support, and SonimWare device-management suite.

• Ecosystem & Accessories - Fully integrates with rugged accessories like vehicle mounts, headsets, and multi-bay chargers for seamless deployment.

"The XP Pro has been purpose-built for mission-critical professionals who demand rock-solid performance without compromise, with best-in-class rugged features," said Chuck Becher, Chief Commercial Officer, Sonim Technologies. "With T-Priority certification, T-Mobile- customers—and especially first responders—now have access to a new secure, reliable, ruggedized 5G smartphone."

The XP Pro is available now through T-Mobile and authorized partners. For additional details, contact sales@sonimtech.com or visit www.sonimtech.com.

¹ Based on Sonim internal and SGS lab testing & certification. The MIL-STD-810H testing includes drop testing onto concrete with the device on its front, corners and edges, a total of 26 times combined. These devices meet and/or exceed specification (MIL-STD-810H) testing against a subset of specific environmental conditions, including temperature/humidity, thermal shock, mechanical shock/drop/vibration, water and solar radiation. Real world usage varies from the specific environmental conditions used in MIL-STD-810H testing. These devices meet and/or exceed IP68/X9K testing against a vacuum test with talcum powder for 8 hours on 5 devices and testing the device against different conditions including turntable speed, waterflow, water pressure, water temperature, water submersion, test position, test distance from jet to sample and test duration. Real world usage varies from the specific conditions used in IP68/X9K testing.

² Battery life varies significantly with settings, usage and other factors.

³ To prevent possible hearing damage, do not listen at high volume levels for long periods of time.

⁴ External storage SD card not included. Must be purchased separately.

⁵ The 3 year warranty covers everything except the following:
(a) damage resulting from abuse, accident or misuse; (b) damage resulting from use outside the parameters indicated in the User Guide, including those related to liquid, shock and dust exposure; (c) cosmetic damage including dents and scratches; (d) ordinary wear and tear; (e) damage resulting from use of this mobile phone with accessories, equipment or other mobile phones or equipment not furnished or expressly approved by Sonim; (f) damage resulting from third-party software; (g) damage resulting from maintenance, service adjustment or installation of the mobile phone, performed or attempted by any person or entity not expressly authorized by Sonim; (h) loss of use of the mobile phone (i) loss of data, information or third-party applications or software; (j) fire, flood, windstorm, lightning, earthquake, exposure to extreme weather conditions, electrical surge or improper voltage; (k) mobile phone performance issues resulting from cellular signal reception or transmission, (l) damage resulting from viruses, malware, trojan horses or other software problems; and (m) mobile phones in which the serial number is missing or has been altered, damaged or defaced. Warranty on the battery and accessories is 1 year.

Sonim is a registered trademark of Sonim Technologies, Inc.

Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

Android is a trademark of Google LLC.

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About Sonim Technologies
Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259754

SOURCE Sonim Technologies, Inc.

The Board of Directors issued the following statement: "This outcome is further validation of the Sonim Board's initiatives to return value to stockholders while ensuring the long-term success of Sonim - as represented by our agreement with Social Mobile. We thank our stockholders for their continued support throughout this process."

As separately announced on Friday, July 18, 2025, Sonim has entered into a definitive agreement under which Social Mobile will acquire the assets and substantially all current liabilities of Sonim Technologies at $20 million, including a $5 million potential earn-out in an all-cash transaction.

Sonim will file the voting results on a Form 8-K with the U.S. Securities and Exchange Commission.

About Sonim Technologies
Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

Additional Information and Where to Find It

This communication relates to the proposed transaction involving Sonim. This communication does not constitute a solicitation of any vote or approval. In connection with the proposed transaction, Sonim plans to file with the SEC a proxy statement (the "Proxy Statement") relating to a special meeting of its stockholders and may file other documents with the SEC relating to the proposed transaction, including a prospectus. This communication is not a substitute for the Proxy Statement or any other document that Sonim may file with the SEC or send to its stockholders in connection with the proposed transaction. Before making any voting decision, stockholders of Sonim are urged to read the Proxy Statement in its entirety when it becomes available and any other relevant documents filed or to be filed with the SEC and any amendments or supplements thereto and any documents incorporated by reference therein, because they will contain important information about the proposed transaction and the parties to the proposed Transaction. Any vote in respect of resolutions to be proposed at a stockholder meeting of Sonim to approve the proposed transaction or related matters, or other responses in relation to the proposed transaction, should be made only on the basis of the information contained in the Proxy Statement. Investors and security holders will be able to obtain the Proxy Statement and other documents Sonim files with the SEC (when available) free of charge at the SEC's website (http://www.sec.gov) or at Sonim's investor relations website (https://ir.sonimtech.com/) or by e-mailing Sonim at ir@sonimtech.com.

Participants in the Solicitation

Sonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors - James Cassano, Mike Mulica, Jack Steenstra, and George Thangadurai - under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the proposed Transaction.

Stockholders may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions "Directors, Executive Officers, and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management," and "Certain Relationships and Related Party Transactions" of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, 2025.

Any subsequent updates following the date hereof to the information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the proposed Transaction, if and when they become available. These documents will be available free of charge as described above.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259594

SOURCE Sonim Technologies, Inc.