Sonim Technologies Files Amendment to Annual Report

TL;DR

<b>Sonim Technologies filed an amendment to its 2023 10-K report on April 26, 2024.</b>

AI Summary

SONIM TECHNOLOGIES INC (SONM) filed a Amended Annual Report (10-K/A) with the SEC on April 26, 2024. Sonim Technologies, Inc. filed an amendment (No. 1) to its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing was made on April 26, 2024. The company is incorporated in Delaware and its IRS Employer Identification No. is 94-3336783. Sonim Technologies' common stock is traded on The Nasdaq Stock Market LLC under the symbol SONM. The company is classified as a non-accelerated filer and a smaller reporting company.

Why It Matters

For investors and stakeholders tracking SONIM TECHNOLOGIES INC, this filing contains several important signals. This amendment indicates a potential update or correction to the company's previously filed annual financial and operational data. As a smaller reporting company and non-accelerated filer, the specific details of the amendment may provide insights into the company's financial health and strategic direction.

Risk Assessment

Risk Level: low — SONIM TECHNOLOGIES INC shows low risk based on this filing. The filing is an amendment to a 10-K, which is a routine update and does not inherently signal significant new risks.

Analyst Insight

Review the specific changes in Amendment No. 1 to the 10-K filing to understand any updated financial or operational disclosures from Sonim Technologies.

Key Numbers

• 2023-12-31 — Fiscal Year End (Fiscal year ended)
• 2024-04-26 — Filing Date (Date of filing)
• 001-38907 — SEC File Number (Commission File Number)

Key Players & Entities

• Sonim Technologies, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 94-3336783 (identifier) — IRS Employer Identification No.
• 4445 Eastgate Mall, Suite 200 (address) — Principal executive offices
• San Diego (location) — City of principal executive offices
• CA (location) — State of principal executive offices
• 92121 (postal_code) — ZIP code of principal executive offices
• SONM (ticker) — Trading Symbol

FAQ

Industry Context

Sonim Technologies operates in the telecommunications equipment sector, specifically focusing on rugged mobile devices.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring annual and periodic reporting for publicly traded companies.

What Investors Should Do

1. Review the content of Amendment No. 1 to Form 10-K for any material changes or updates.
2. Analyze the company's classification as a non-accelerated filer and smaller reporting company for context.
3. Monitor future filings for any further developments or financial performance indicators.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the annual report.
• 2024-04-26: Filing Date — Date the amendment to the 10-K was filed with the SEC.

Year-Over-Year Comparison

This is an amendment to the previously filed 10-K for the fiscal year ended December 31, 2023.

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SONM The Nasdaq Stock Mar
• $0 — he registrant's common stock, par value $0.001, outstanding. DOCUMENTS INCORPORA
• $0.7349 — aq Capital Market on December 29, 2023 ($0.7349). (4) The stock options vest in 10 e
• $450,000 — . Liu receives an annual base salary of $450,000. Additionally, Mr. Liu is eligible to p
• $320,000 — ent: he is entitled to a base salary of $320,000 per year (the "Crolius Base Salary"), a
• $400,000 — ed to a guaranteed cash compensation of $400,000 per year consisting of a base salary an

Filing Documents

• form10-ka.htm (10-K/A) — 348KB
• ex31-3.htm (EX-31.3) — 8KB
• ex31-4.htm (EX-31.4) — 8KB
• 0001493152-24-016057.txt (&nbsp;) — 623KB
• sonm-20231231.xsd (EX-101.SCH) — 3KB
• sonm-20231231_lab.xml (EX-101.LAB) — 36KB
• sonm-20231231_pre.xml (EX-101.PRE) — 24KB
• form10-ka_htm.xml (XML) — 7KB

Executive Compensation

Executive Compensation 6 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 11 Item 13. Certain Relationships and Related Transactions, and Director Independence 14 Item 14. Principal Accountant Fees and Services 16 PART IV Item 15. Exhibit and Financial Statement Schedules 17

Signatures

Signatures 20 i PART III Item 10. Directors, Executive Officers and Corporate Governance. Directors The following table sets forth information concerning our directors, including their ages as of April 26, 2024. Name and Position Year First Became Director Age Independent Audit Committee Compensation Committee Nominating and Governance Committee James Cassano, Director 2022 77 Yes Chairman, * Peter Liu, Director, Chief Executive Officer 2022 56 No Mike Mulica, Director, Chairman of the Board 2021 60 Yes * Chairman Jack Steenstra, Director 2022 62 Yes Chairman Jeffrey Wang, Director 2022 31 Yes * Audit Committee Financial Expert Executive Officers The following table sets forth information concerning our executive officers, including their ages as of April 26, 2024. Name Year First Became Officer Age Position Peter Hao Liu 2022 56 Chief Executive Officer Clay Crolius 2022 62 Chief Financial Officer Charles Becher 2023 56 Chief Commercial Officer and General Manager of North America Biographical Information Directors James Cassano has served as a member of our Board since July 2022. Mr. Cassano currently is the Vice Chairman and Lead Independent Director of Ideanomics, Inc., where he is Chairman of the Audit Committee and a member of the Compensation, Acquisition Oversight and Risk and Disclosure Committees. Mr. Cassano has been on the Board of Directors of Ideanomics since 2008. From December 2009 through December 2021, Mr. Cassano served as a Partner & Chief Financial Officer of CoActive Health Solutions, LLC, a worldwide contract research organization, supporting the pharmaceutical and biotechnology industries. From 2005 through 2009, Mr. Cassano was a partner in Jaguar Capital Partners, a private equity company, which formed Jaguar Acquisition Corporation (OTCBB: JGAC), a blank check company. Mr. Cassano served as executive vice president,

View Full Filing

View this 10-K/A filing on SEC EDGAR