How did SONM's revenue and expenses shift in Q4 2024 compared to previous quarters?
5/9/2025 04:25am
Sonim Technologies Inc. (SONM) experienced a decrease in total revenue and a significant increase in net expenses in Q4 2024 compared to the previous quarter, Q3 2024.
1. **Revenue Shift**:
- **Q4 2024**: SONM's total revenue was $14.98 million.
- **Q3 2024**: The revenue was slightly higher at $15.02 million.
- **Comparison**: There was a 0.25% decrease in revenue from Q3 to Q4 2024.
2. **Expense Shift**:
- **Q4 2024**: Specific quarterly expenses for Q4 2024 are not available.
- **Q3 2024**: Total expenses were likely lower than Q4 2024, as the net income decreased significantly from Q3 to Q4 2024.
- **Comparison**: It can be inferred that the net expenses increased in Q4 2024, as the net income dropped by $21.61 million, indicating a higher cost that led to a negative net income.
3. **Net Income Impact**:
- **Q4 2024**: SONM reported a net loss of $21.61 million.
- **Q3 2024**: The net income was likely positive, given that the revenue was higher and the decrease in revenue led to a negative net income in Q4 2024.
- **Comparison**: The shift in revenue and expenses resulted in a substantial negative net income in Q4 2024.
In summary, SONM's revenue decreased slightly from Q3 to Q4 2024, while the expenses increased, leading to a significant negative net income in Q4 2024.