Sonim Technologies announces another tablet order worth US$17 million
New orders and new rugged phones are expected to drive sequential growth in the fourth quarter
San Diego, California – (Newsfile Corp. – November 30, 2022) – Sonim Technologies (NASDAQ: SONM) today announced another customer order worth $17 million for tablet products designed by Sonim and assembled through an ODM relationship. Sonim expects to ship the latest order from Q4 through 2023, which will drive sequential revenue growth in Q3 2022.
The latest tablet order follows $13.9 million in tablet orders shipped in the third quarter. The revenue streams for new equipment illustrate Sonim’s strategy to expand into the broader consumer durables and industrial equipment market by leveraging its technical expertise, robust heritage and ODM capabilities.
Additionally, Sonim has announced the availability of its new 5G Android smartphone, the XP10, completing the refresh of its line of rugged mobile devices sold by North American Tier One carrier partners.
“We continue the new management team’s strategy of delivering purpose-built handsets to our carrier partners while entering large and underserved markets that border on our robust core competencies,” said Peter Liu, CEO of Sonim. “In addition, with the recently announced launch of our XP10 5G rugged smartphone, our core family of rugged mobile devices is fully refreshed and available to North American carrier partners. We believe Sonim is now well positioned to continue to grow sales through a number of exciting opportunities from legacy robust and new core industrial and consumer applications as we steadily move closer to our goal of profitable operations.”
Built by ODM, the tablet features an 8-inch display with 4G LTE connectivity running on a Qualcomm Snapdragon chipset. The tablet targets both corporate and consumer applications, including service and education applications. The new tablet project is unlikely to pose any inventory risk…