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Sonim Technologies Priced, Nasdaq: SONM

Makes rugged mobile phones and accessories for industrial and public workers.

Industry: Technology

First Day Return: -0.1%

Industry: Technology

We are a leading U.S. provider of ultra-rugged mobile phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. We currently sell our ruggedized mobile phones and accessories to three of the four largest wireless carriers in the United States—AT&T, Sprint and Verizon—as well as the three largest wireless carriers in Canada—Bell, Rogers and Telus Mobility. Our phones and accessories connect workers with voice, data and workflow applications in two end-markets: industrial enterprise and public sector. We generate revenues from sales of our mobile phones, industrial-grade accessories and beginning in 2019, cloud-based software and application services. We sell our mobile phones and accessories primarily to wireless carriers in both the United States and Canada, who then resell our products in conjunction with network services to end customers.
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Sonim Technologies (SONM) Performance