Sonim Reports Fourth Quarter Results
Sonim Reports Fourth Quarter Results New SmartScanner Tablet and Handheld Expand Addressable Market and Geographic Opportunities in 2021 News provided by Share this article Fourth Quarter 2020 and Recent Highlights Net revenues of $15.8 million, increased from $14.4 million in the third quarter, driven by increased sales of XP8 smartphone devices. Gross margin was 23.5%. Ended the quarter with cash and cash equivalents of $22.1 million. Announced (i) the transfer of Sonim's Shenzhen manufacturing operations to Unicair, expected to stabilize factory overhead for current products, and (ii) ...