Acela upgrade means faster, more frequent Boston-to-D.C. travel
Why it matters: The August 28 launch will be an upgrade to the country's only high-speed passenger rail service along the Northeast Corridor.
The NextGen fleet is Amtrak's largest infrastructure investment in intercity rail. It's meant to be competitive with air travel for moving between Boston, New York and Washington.
Zoom in: New trains will reach speeds of 160 mph and feature an advanced tilt system that promises quieter operation.
The cars will have enhanced Wi-Fi connectivity through 5G connections along more of the route.
There are redesigned car interiors with more ergonomic seating and improved lighting.
Amtrak is promising new dining options via the Cafe Acela service.
Seats will have individual power outlets, USB ports and larger windows.
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Tom's Guide
31 minutes ago
- Tom's Guide
I just got my first glimpse at what's possible with Wi-Fi 8 — and this one new feature has me really excited
Just when I thought Wi-Fi couldn't get any better after the jump from Wi-Fi 6E to Wi-Fi 7, the Institute of Electrical and Electronics Engineers (IEEE) and the Wi-Fi Alliance are already hard at work on the next wireless standard. Though Wi-Fi 8 is very much still in the planning stage at this point, after learning more about its potential to transform wireless connectivity as we know it, I'm already excited for a world where every large network you connect to will soon feel more like a mesh one. For those not up to date on the latest Wi-Fi developments, let me break it down for you real quick. Although it was an extension rather than a brand new wireless standard, Wi-Fi 6E was actually a really big deal when it launched back in 2020. The reason being is that up until that point, there were only two wireless bands to work with: 2.4 and 5 GHz. Wi-Fi 6E added another band that utilized the 6GHz spectrum which had just become available. Not only is the 6GHz band faster but it's also less congested as most laptops and phones still use the 5GHz band while the best smart home devices and other less data-hungry gadgets use the 2.4 GHz band. Then came Wi-Fi 7 which added a ton of new features like 4K-QAM modulation for increased throughput and Multi-Link Operation (MLO) for improved reliability and speed while still providing access to that faster 6GHz band. Now with Wi-Fi 8 though, the focus is less on speed and more on reliability. After speaking with the Vice President of Technical Standards at Qualcomm, Rolf de Vegt, I'm even more optimistic about Wi-Fi 8 and the future of wireless connectivity as one of the key features of the next wireless standard will allow everyone to experience exactly what I did when I switched from using one of the best Wi-Fi routers to a mesh Wi-Fi system. Don't get me wrong, making the switch to a new traditional Wi-Fi router over say, the one your internet service provider gave you when you signed up, will certainly be a big and noticeable upgrade. However, if you live in a larger home or apartment, your download and upload speeds will be better but your overall experience might not. The reason behind this is due to one of the most pesky nuisances in the world of home networking: Wi-Fi dead zones. When you're up close to your router, you'll get a strong and reliable signal. However, what happens when you walk away from it and are out of range? You know those spots around your home — like in that faraway room on the other side of your house or even out in your garage — where you just can't get a signal. Those are Wi-Fi dead zones. There are several solutions to deal with this problem from adding one of the best Wi-Fi extenders at the edge of your home network to using your home's electric lines and a pair of the best powerline adapters to increase the range of your home network. However, from my own personal experience which involved trying both of these solutions, neither really did the trick. I was about to give up and just live with poor wireless connectivity in certain areas of my home until I decided to go all in by upgrading to one of the best mesh Wi-Fi systems. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. Unlike a traditional router, a mesh Wi-Fi system or mesh router isn't actually a single device designed to fix your Wi-Fi problems. Instead, it's two to three (or even more) devices working together simultaneously to push your Wi-Fi signal even farther. With this kind of setup, you have one device that serves as your main router and gets plugged into one of the best cable modems or an Optical Network Terminal (ONT) if you have fiber internet and the rest of them, referred to as satellites or nodes, are spread throughout your home. These satellites then relay the Wi-Fi signal from your router to one another which results in your house being blanketed with a strong wireless signal. If you live in a big house and want to finally put an end to those Wi-Fi dead spots for good, I wholeheartedly recommend upgrading to a mesh network. The big advantage this offers over using a Wi-Fi extender is that your devices are seamlessly handed off from one satellite to the next. What does this all have to do with Wi-Fi 8 though? Well, once the next wireless standard is widely adopted, you're going to get the same experience moving from one access point to another on much larger networks thanks to a brand new Wi-Fi 8 feature. While we spend a majority of our time online on smaller networks like the ones we have at home, chances are you've probably connected to a much bigger network more often than you think. For example, maybe you've signed onto the network at a college campus, at a large corporate office or even at the airport. In the same way that a mesh Wi-Fi system is able to blanket your whole house with a single, seamless network, Wi-Fi 8's Single Mobility Domains will make it possible to achieve this same experience across larger networks that cover vast spaces like the ones described above. As Rolf de Vegt points out in his blog post, once this new capability is finalized in the upcoming Wi-Fi 8 standard, it will enable seamless roaming across multiple access points. That way, you won't have to deal with the interruptions or packet drops that are caused when devices like your smartphone or laptop are handed off from one access point to another. Vegt goes a step further in his explanation though by pointing out how Single Mobility Domains will give the Wi-Fi 8-equipped devices of the future a 'once connected, always connected' experience. This will be achieved by 'maintaining continuous, low-latency connections' as these devices physically move from one access point to the next one. Here's a real-world example that you might have experienced yourself if you work in a large office and have to book meeting rooms for video calls. Let's say you're in a meeting that runs over and somebody else needs to use the space as they have it booked for that time. You grab your laptop and look for somewhere else to go to finish off your call. However, as you leave the meeting room and head farther away from it, the people on the other end notice a dip in your video or audio quality or perhaps the call on your end freezes completely. Well, with Single Mobility Domains, this scenario could soon be a thing of the past. With an estimated finalization date of sometime in 2028 and then consumer devices rolling out in 2029 or 2030, Wi-Fi 8 is still a ways off. However, the advantages and benefits of the next wireless standard are slowly starting to take shape even now in the concept stage. If you want a significantly better Wi-Fi experience, you don't have to wait five years for Wi-Fi 8 networking devices and clients to start rolling out and then another two to three years for them to become widely available and then somewhat affordable. Instead, you can give your home network a huge boost right now with one of the best Wi-Fi 7 routers. The first wave of Wi-Fi 7-powered routers started releasing back in 2023 but it wasn't until the following January that the Wi-Fi Alliance actually formalized the latest wireless standard. In the years since, we've seen networking equipment makers release their top-of-the-line flagship devices but now, they've begun shipping much more affordable mid-range and even budget ones. For those who want to take full advantage of Wi-Fi 7 though, I recommend spending a bit more on a tri-band device — either a traditional router or a mesh one if your home or apartment is large enough — with support for all three wireless bands. Over the course of this year, companies have begun releasing dual-band Wi-Fi 7 devices like the Asus TUF Gaming BE6500 router or the MSI Roamii BE Lite mesh system. You'll pay a bit less for a dual-band device but if you have the internet speeds for it and really want to experience fast Wi-Fi for yourself, then getting a Wi-Fi 7 router with support for the 6GHz band is a must. For a traditional router with a slightly different design, I recommend taking a look at the TP-Link Archer BE800 or if your budget is a bit smaller, the Archer BE550 is a very capable device too, especially at around $300. Now on the mesh front, the Netgear Orbi 870 is a great higher-end option with fantastic range but there's also Amazon's own eero Pro 7 which is perfect for smart homes with Alexa-enabled devices. There are plenty of other great options too and I suggest you check out the rest of our guides and reviews before making your final decision. Finding the right device for your home is the first step to unlocking a fast and stable Wi-Fi connection. This is the kind of thing most of us take for granted, that is until the internet goes down. However, as I can almost guarantee Wi-Fi is something anyone reading this article uses everyday, it's worth investing in a good traditional router or a mesh router. Right now too, you won't have to worry about buyer's remorse and wishing you had waited for the next wireless standard as we're years away from Wi-Fi 8's launch. Personally though, I can't wait to see what the next wireless standard brings and while faster speeds are always great, at the end of the day, improved reliability is even better. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.
Yahoo
a day ago
- Yahoo
The Canadian Stock I'm Buying Now (It's a Steal!)
Written by Christopher Liew, CFA at The Motley Fool Canada TSX's communications services sector was a laggard last year, but investors' interest has returned in 2025. The turnaround of the three dominant 5G stocks lifted the sector, contributing to its 7.2%-plus year-to-date gain (seventh-best out of 11 primary sectors). However, if you want exposure to this vital sector, Rogers Communications (TSX:RCI.B) is a screaming buy, not BCE or TELUS. A resurgence is on the horizon following the positive financial performance of Canada's third-largest telco in Q2 2025. The current share price of $45.39 (+5.4% year-to-date) is a steal in light of the visible growth potential. You can also partake in the lucrative 4.3% dividend. This large-cap stock has consistently paid dividends since 2000. Financial performance Tony Staffieri, President and CEO of Rogers, said the $25.3 billion company reported growth in Wireless, Cable, and Media. In the three months ending June 30, 2025, total revenue increased 2% to $5.2 billion compared to Q2 2025. While net income declined 62% year-over-year to $148 million, free cash flow (FCF) rose 39% to $929 million from a year ago. 'Combined with our team's strong execution, we took meaningful steps to unlock value for shareholders by accelerating the deleveraging of our balance sheet and making our transformational investment in our world-class sports assets,' added Staffieri. Management estimates the value of its sports and media assets to be over $15 billion. Leadership in Canadian sports On July 2, 2025, Rogers Communications officially became the majority owner (75%) of Maple Leaf Sports & Entertainment (MLSE). It acquired BCE's 37.5% ownership stake in MLSE for $4.7 billion. The deal solidified Rogers' leadership position in Canadian sports, with a portfolio that includes the Toronto Blue Jays, Rogers Centre, and Sportsnet. Staffieri said, 'MLSE is a valuable and appreciating asset, and this investment positions us to unlock more value for Rogers shareholders. We're building something that lasts – on the ice, on the court, on the field, and across the country.' Its Executive Chairman, Edward Rogers, added, 'We're passionate about winning and we're committed to bringing more championships to fans in Canada.' First-in-Canada On June 3, 2025, Rogers Communications announced the initial deployment of the Ericsson 5G Advanced technology on its national network. According to Mark Kennedy, Chief Technology Officer of Rogers, 5G Advanced will help unlock the full potential of 5G for businesses and consumers. 'We continue to invest in Canada's largest 5G network and are proud to be the first in Canada to bring 5G Advanced technology to our customers,' Kennedy added. Ericsson has been a partner in network technologies since 1985, and Rogers has invested over $40 billion in its network over the last decade. The partners believe that a new era of 5G enhancements for enterprises and consumers has begun. Meanwhile, Rogers has dramatically enhanced the internet service in the Southern Gulf Islands. On June 12, 2025, the telco giant invested $10 million in under-sea fibre lines and infrastructure to bring faster speeds to the communities. Growth leader Rogers Communications is committed to further improving operational execution and making well-timed investments to grow its core businesses and deliver increased shareholder value. Thus far, the company is taking meaningful steps to achieve its ultimate objective of becoming the growth leader in a highly competitive industry. The post The Canadian Stock I'm Buying Now (It's a Steal!) appeared first on The Motley Fool Canada. Should you invest $1,000 in Rogers Communications right now? Before you buy stock in Rogers Communications, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Rogers Communications wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Rogers Communications and TELUS. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Yahoo
Sonim Technologies Reports Second Quarter 2025 Financial Results
Sonim Poised for Growth in the Second Half of 2025 with Tier-One Carrier Launches Q2 Results Reflect Investments, Product Launches, and Progress on Social Mobile's Acquisition of Sonim San Diego, California--(Newsfile Corp. - August 8, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions for first responders, government, and enterprise, today announced its financial results for the second quarter ended June 30, 2025. "The second quarter of 2025 marked a pivotal period for Sonim as we laid the groundwork for a strong finish to the year," said Peter Liu, CEO of Sonim Technologies. "Tier-one carrier launches of our XP Pro series and 5G flip feature phone are now underway in the third quarter. We also debuted Sonim MegaConnect, the world's first HPUE mobile hotspot—in collaboration with FirstNet and AT&T—and we are energized by the overwhelming customer enthusiasm and robust orders. Additionally, the recently announced agreement for Social Mobile to acquire Sonim underscores the value of our innovation and market strategy. We are confident that these milestones position us for sustained growth and success as we move forward." Second Quarter 2025 Financial Highlights: Net revenue of $11.2 million, down 33% from the first quarter of 2025. The first quarter reflected a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements. GAAP net loss for the quarter was $7.5 million, compared to net income of $0.5 million in the first quarter of 2025. The second quarter of 2025 includes a loss on the impairment of contract fulfillment assets related to the end of life of our legacy products, as well as increased costs related to our contested proxy solicitation. The first quarter of 2025 includes a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements. Adjusted EBITDA* was negative $3.2 million, unchanged from the first quarter of 2025. Ended the quarter with cash and cash equivalents totaling $2.0 million, trade accounts receivable of $2.9 million, and inventory valued at $9.9 million. Raised $5.4 million in capital through sales of our common stock, net of issuance costs. Transaction proceeds were used for further expansion of product offerings and to finance new product launches. Second Quarter 2025 Business Highlights Launched XP Pro smartphone with AT&T. Commenced shipments of the Sonim H500 mobile hotspot to distributors in Europe to support third quarter launches with tier-one operators Deutsche Telekom in Germany, Telenor in Norway, and Swisscom in Switzerland. Awarded promotional slot for the Sonim H500 5G mobile hotspot with Verizon. Corporate Updates In July, Sonim entered into a definitive agreement with Social Mobile under which Social Mobile agreed to purchase substantially all of Sonim's assets in an all-cash transaction for $15.0 million and up to an additional $5.0 million in an earn-out payment. The transaction received approval by the Sonim Board of Directors and is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including stockholder approval. In July, Sonim stockholders elected all five of the Company's director nominees—Mike Mulica, Peter Liu, James Cassano, Jack Steenstra, and newly nominated director, George Thangadurai—to the Company's Board of Directors. Second Quarter 2025 Financial Results "Our second quarter results reflect some one-time expenses driven by unique circumstances, including legal fees associated with the proxy battle and due diligence efforts," said Clay Crolius, Chief Financial Officer of Sonim Technologies. "While these factors, along with the timing shifts of product shipments, impacted our short-term financials, they were necessary steps in positioning the company for long-term success. As we move forward, we remain focused on exploring strategic opportunities to monetize our Nasdaq listing and deliver maximum value to our shareholders. We are committed to disciplined financial management and leveraging our resources to support growth and innovation in the quarters ahead." Revenue for the second quarter of 2025 was $11.2 million, a decrease from $16.7 million in the first quarter of 2025. The first quarter of 2025 included a one-time $5.3 million addition to revenue related to the expiration of customer allowance agreements. Gross profit for the second quarter of 2025 was $0.8 million, or 8% of revenues, compared to the first quarter of 2025 gross profit of $8.4 million, or 50% of revenues. Gross profit margins reflected a $1.1 million loss on impairment of contract fulfillment assets in the second quarter of 2025 and $5.3 million in revenue related to the expiration of customer allowance agreements in the first quarter of 2025. Operating expenses decreased from $7.7 million in the first quarter of 2025 to $7.6 million in the second quarter of 2025, primarily because R&D costs decreased by $0.7 million due to a substantial portion of development costs for new products being completed in the first quarter of 2025. This decrease was partially offset by higher G&A and Sales & Marketing expenses due to higher legal and professional fees related to the contested proxy. The net loss for the second quarter of 2025 was $7.5 million, as compared to net income of $0.5 million in the first quarter of 2025, which included a $5.3 million one-time adjustment to revenue due to the expiration of customer allowance agreements. Adjusted EBITDA* in the second quarter of 2025 was negative $3.2 million, which was unchanged from the first quarter of 2025. Balance Sheet and Working Capital Sonim ended the second quarter of 2025 with $2.0 million in cash, $2.9 million in trade accounts receivable, and $9.9 million in inventory. Subsequent to quarter end, Sonim received net proceeds of $7.1 million related to sales of common stock through a public offering and the issuance of debt. These proceeds improve the Company's balance sheet and provide working capital to support future product launches. * Non-GAAP financial measure. An explanation and reconciliation of non-GAAP financial measures are presented at the end of this press release. About Sonim Technologies Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit Important Cautions Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the scheduled release of new products, our growth strategy, and the timing of the consummation of the Asset Purchase Agreement. These forward-looking statements are based on Sonim's current expectations, estimates and projections about its business and industry, management's beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "achieve," "aim," "ambitions," "anticipate," "believe," "committed," "continue," "could," "designed," "estimate," "expect," "forecast," "future," "goals," "grow," "guidance," "intend," "likely," "may," "milestone," "objective," "on track," "opportunity," "outlook," "pending," "plan," "position," "possible," "potential," "predict," "progress," "promises," "roadmap," "seek," "should," "strive," "targets," "to be," "upcoming," "will," "would," and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the availability of cash on hand; the risk associated with Sonim's ability to obtain the approvals of its stockholders required to consummate the Asset Purchase Agreement; risks associated with Sonim's ability to find and RTO target and enter into an RTO; risks related to the timing of the closing of the Asset Purchase Agreement, including the risk that the conditions to the transactions contemplated thereby are not satisfied on a timely basis or at all or the failure of the Asset Purchase Agreement to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the possibility that competing offers or acquisition proposals for the Company will be made; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive transaction agreement relating to the proposed transaction, including in circumstances which would require the Company to pay a termination fee; the effect of the announcement or pendency of the proposed transaction on the Company's ability to attract, motivate or retain key executives and associates, its ability to maintain relationships with its customers, vendors, service providers and others with whom it does business, or its operating results and business generally; potential material delays in realizing projected timelines; the current interest and potential attempt of hostile takeover from a third party may divert the management attention from Sonim's business and may require significant expenses; Sonim's material dependence on its relationship with a small number of customers who account for a significant portion of Sonim's revenue; Sonim's entry into the data device sector could divert our management team's attention from existing products; risks related to Sonim's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim's common stock; Sonim's ability to continue to develop solutions to address user needs effectively, including its next-generation products; the U.S. trade policy, including the imposition of tariffs; Sonim's reliance on third-party contract manufacturers and partners; Sonim's ability to stay ahead of the competition; Sonim's ongoing transformation of its business; the variation of Sonim's quarterly results; the lengthy customization and certification processes for Sonim's wireless carries customers; various economic, political, environmental, social, and market events beyond Sonim's control, as well as the other risk factors described under "Risk Factors" included in Sonim's most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law. Additional Information and Where to Find It This communication relates to the proposed transaction involving Sonim. This communication does not constitute a solicitation of any vote or approval. In connection with the proposed transaction, Sonim plans to file with the SEC a proxy statement (the "Proxy Statement") relating to a special meeting of its stockholders and may file other documents with the SEC relating to the proposed transaction, including a prospectus. This communication is not a substitute for the Proxy Statement or any other document that Sonim may file with the SEC or send to its stockholders in connection with the proposed transaction. Before making any voting decision, stockholders of Sonim are urged to read the Proxy Statement in its entirety when it becomes available and any other relevant documents filed or to be filed with the SEC and any amendments or supplements thereto and any documents incorporated by reference therein, because they will contain important information about the proposed transaction and the parties to the proposed Transaction. Any vote in respect of resolutions to be proposed at a stockholder meeting of Sonim to approve the proposed transaction or related matters, or other responses in relation to the proposed transaction, should be made only on the basis of the information contained in the Proxy Statement. Investors and security holders will be able to obtain the Proxy Statement and other documents Sonim files with the SEC (when available) free of charge at the SEC's website ( or at Sonim's investor relations website ( or by e-mailing Sonim at ir@ Participants in the Solicitation Sonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors — James Cassano, Mike Mulica, Jack Steenstra, and George Thangadurai — under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the proposed Transaction. Stockholders may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions "Directors, Executive Officers, and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management," and "Certain Relationships and Related Party Transactions" of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, 2025. Any subsequent updates following the date hereof to the information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the proposed Transaction, if and when they become available. These documents will be available free of charge as described above. Media ContactAnette GavenSonim TechnologiesM: 619-993-3058pr@ SONIM TECHNOLOGIES, CONSOLIDATED BALANCE SHEETS(IN THOUSANDS EXCEPT SHARE ANDPER SHARE AMOUNTS) June 30,2025 December 31,2024(Unaudited) Assets Cash and cash equivalents $ 2,006 $ 5,343Accounts receivable, net2,870 4,339Non-trade receivable6,967 7,119Related party receivable181 181Inventory9,889 10,621Prepaid expenses and other current assets5,210 4,562Total current assets27,123 32,165Property and equipment, net161 227Contract fulfillment assets8,014 6,399Other assets780 948Total assets $ 36,078 $ 39,739Liabilities and stockholders' equity (deficit) Accounts payable $ 20,583 $ 22,848Accrued liabilities12,163 20,892Promissory note, net, current portion2,916 -Total current liabilities35,662 43,740Income tax payable1,750 1,699Total liabilities37,412 45,439Commitments and contingencies Stockholders' equity (deficit) Common stock, $0.001 par value per share; 100,000,000 shares authorized; and 10,338,905 and 4,983,868 shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively10 5Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, and no shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively- -Additional paid-in capital289,281 277,903Accumulated deficit(290,625 ) (283,608 ) Total stockholders' equity (deficit)(1,334 ) (5,700 ) Total liabilities and stockholders' equity (deficit) $ 36,078 $ 39,739 SONIM TECHNOLOGIES, CONSOLIDATED STATEMENTS OF OPERATIONS(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)(UNAUDITED) Three Months Ended Six Months EndedJune 30, June 30,2025 2024 2025 2024Net revenues $ 11,190 $ 11,516 $ 27,911 $ 20,634Related party net revenues- - - 7,658Total net revenues11,190 11,516 27,911 28,292Cost of revenues10,345 8,547 18,710 22,421Gross profit845 2,969 9,201 5,871Operating expenses Research and development909 557 2,542 1,013Sales and marketing3,445 3,219 6,684 5,711General and administrative3,223 2,446 6,062 5,089Impairment of contract fulfillment assets- 3,217 - 3,217Total operating expenses7,577 9,439 15,288 15,030Income (loss) from operations(6,732 ) (6,470 ) (6,087 ) (9,159 ) Interest expense, net(389 ) (17 ) (480 ) (17 ) Other expense, net(215 ) (92 ) (179 ) (184 ) Income (loss) before income taxes(7,336 ) (6,579 ) (6,746 ) (9,360 ) Income tax expense(139 ) (37 ) (271 ) (162 ) Net income (loss) $ (7,475 ) $ (6,616 ) $ (7,017 ) $ (9,522 ) Net income (loss) per share: Basic $ (0.79 ) $ (1.41 ) $ (0.91 ) $ (2.09 ) Diluted $ (0.79 ) $ (1.41 ) $ (0.91 ) $ (2.09 ) Weighted-average shares used in computing net income (loss) per share: Basic9,510,601 4,685,352 7,685,323 4,561,741Diluted9,510,601 4,685,352 7,685,323 4,561,741 Non-GAAP Financial Measures In addition to our financial results determined in accordance with U.S. GAAP, we believe the following non-GAAP and operational measures are useful in evaluating our performance-related metrics and present them as a supplemental measure of our performance. Adjusted EBITDA We define Adjusted EBITDA as net loss adjusted to exclude the impact of stock-based compensation expense, depreciation and amortization, interest expense, income taxes, adjustments due to the expiration of customer allowance agreements, impairment of contract fulfillment assets, financing costs, and non-recurring legal and professional fees. Adjusted EBITDA is a useful financial metric in assessing our operating performance from period to period by excluding certain items that we believe are not representative of our core business, such as certain material non-cash items and other adjustments, such as stock-based compensation. We believe that Adjusted EBITDA, viewed in addition to, and not in lieu of, our reported GAAP results, provides useful information to investors regarding our performance and overall results of operations for various reasons, including: one-time non-cash asset impairment costs, financing costs, and non-recurring legal and professional fees as they do not reflect normal operations; non-cash equity grants made to employees at a certain price do not necessarily reflect the performance of our business at such time, and as such, stock-based compensation expense is not a key measure of our operating performance; and non-cash depreciation and amortization are not considered a key measure of our operating performance. We use Adjusted EBITDA: as a measure of operating performance; for planning purposes, including the preparation of budgets and forecasts; to allocate resources to enhance the financial performance of our business; to evaluate the effectiveness of our business strategies; in communications with our board of directors concerning our financial performance; and as a consideration in determining compensation for certain key employees. Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation, or as a substitute for analysis of our results as reported under GAAP. Some of these limitations include: it does not reflect all cash expenditures, future requirements for capital expenditures or contractual commitments; it does not reflect changes in, or cash requirements for, working capital needs; it does not reflect interest expense on our debt or the cash requirements necessary to service interest or principal payments; and other companies in our industry may define and/or calculate this metric differently than we do, limiting its usefulness as a comparative measure. Set forth below is a reconciliation from net income (loss) to Adjusted EBITDA for the respective periods (in thousands): Three Months Ended June 30,2025 March 31,2025Net income (loss) $ (7,475 ) $ 458Depreciation and amortization797 1,055Stock-based compensation926 290Release of customer allowance liabilities(219 ) (5,271 ) Non-recurring legal and professional fees613 -Impairment of contract fulfillment assets1,084 -Interest expense and financing costs984 91Income taxes139 132Adjusted EBITDA $ (3,151 ) $ (3,245 ) To view the source version of this press release, please visit Sign in to access your portfolio
