Sonim Technologies' Stock Surges On $14.7M Tablet Order

Akanksha Bakshi
Updated 1 min read
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In this article:

  • Sonim Technologies (NASDAQ: SONM) has received a new purchase order for $14.7 million in tablet products designed by Sonim and assembled via an ODM relationship.

  • Sonim expects to ship the newest purchase order starting from 2Q23.

  • The latest order adds to more than $44 million in tablet orders delivered since the new management team was appointed and implemented a diversification strategy.

  • Sonim also announced that it has fully refreshed its rugged mobile device lineup at North American Tier One carrier partners.

  • "With a fully refreshed core rugged mobile device family of products now available for North American carrier partners, we believe Sonim is well positioned to continue growing revenue and moving toward our goal of profitable operations," commented Sonim CEO Peter Liu.

  • Price Action: SONM shares are trading higher by 6.27% at $1.0627 on the last check Monday.

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This article Sonim Technologies' Stock Surges On $14.7M Tablet Order originally appeared on Benzinga.com

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