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Sonim sees sequential revenue growth for Q2

Friday 12 June 2020 | 11:27 CET | News
Sonim Technologies said that with close of its USD 27.6 million offering marks a "turning point" for the company, which will now be able to execute its turnaround strategy. The company expects sequential revenue growth in the second quarter, after reporting lower year-on-year revenues in the first quarter, and a wider net loss. The company was forced to reduce its workforce in the fourth quarter, after a 63 percent drop in sales.

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Categories: Mobile & Wireless
Companies: Sonim Technologies
Countries: World
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