NEW YORK--(BUSINESS WIRE)--
Bragar Eagel & Squire, P.C. is investigating potential claims against Sonim, Technologies, Inc. (SONM) on behalf of Sonim stockholders. Our investigation concerns whether Sonim has violated the federal securities laws and/or engaged in other unlawful business practices.
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On September 10, 2019, Sonim stated that it expected fiscal 2019 net revenue to be flat or slightly below 2018 net revenue of $135.7 million, citing “significant delays” in the launch of new products as well as software issues related to these new introductions.
On this news, shares of Sonim fell as much as $3.30 on September 10, 2019, to close at $3.76 per share.
If you purchased or otherwise acquired Sonim shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Sonim please go to http://www.bespc.com/sonm. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.