Expanding Portfolio and Carrier Awards Boost Company’s Addressable Market from $400M to $52B[*]
13 New Carrier Awards Set to Fuel 2024 Product Sales
New 2024 Product Launches Support Entry into Larger Rugged Pro, Connected Solutions and Consumer Markets, Geographic Expansion into Europe
San Diego, California–(Newsfile Corp. – March 27, 2024) – Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, consumer durable mobile devices, and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, reported financial results for the year ended December 31, 2023.
Full Year 2023 and Recent Highlights
- Net revenues increased by 34% year-over-year, to $93.6 million, up from $69.8 million in 2022
- GAAP net loss for the full year improved to $90…
