Currently trading at .81 on 4.7 million in volume and looking to climb higher on todays news of additional stocking orders of their rugged phone products.
Sonim Receives Additional $6.4 Million in Initial Stocking Orders from US and Canadian Carriers
Orders Add to Prior XP5plus and XP10 Smartphone Stocking Orders for Summer and Fall 2022
AUSTIN, Texas, June 14, 2022 /PRNewswire/ — Sonim Technologies (NASDAQ: SONM) today announced multiple additional purchase orders totaling $6.4 million for stocking inventory of Sonim’s upcoming XP5plus feature phone with enhanced PTT capabilities and Sonim’s next-generation XP10 5G rugged smartphone. The orders are from a top U.S. carrier customer and two Canadian carriers, adding to previously announced initial stocking orders for $9.5 million on these devices from a top U.S. carrier.