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Sonim slashes workforce as Q4 sales fall 63%

Thursday 12 March 2020 | 10:57 CET | News
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Sonim Technologies reported revenues for the fourth quarter of 2019 down 63 percent year-on-year to USD 17.2 million, and moved to a net loss of USD 8.3 million from a profit of USD 3.2 million a year earlier. The company said it has reduced its workforce significantly and continues to restructure in order to lower costs in the face of declining revenues. 

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