Sonim Technologies, Inc.

Sonim Technologies, Inc.verified

SONM

Price:

$2.6611

Market Cap:

$12.87M

Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, Sonim XP3, and Sonim XP3plus based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells ruggedized phones, barcode scanners, and accessories through distribution c...[Read more]

Industry

Communication Equipment

IPO Date

2019-05-10

Stock Exchange

NASDAQ

Ticker

SONM

The Current Ratio as of September 2024 (TTM) for Sonim Technologies, Inc. (SONM) is 1.21

According to Sonim Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.21. This represents a change of -9.88% compared to the average of 1.34 of the last 4 quarters.

Sonim Technologies, Inc. (SONM) Historical Current Ratio (quarterly & annually)

How has SONM Current Ratio performed in the past?

The mean historical Current Ratio of Sonim Technologies, Inc. over the last ten years is 1.52. The current 1.21 Current Ratio has changed 7.85% with respect to the historical average. Over the past ten years (40 quarters), SONM's Current Ratio was at its highest in in the June 2020 quarter at 2.26. The Current Ratio was at its lowest in in the March 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

1.52

Median

1.36

Minimum

0.98

Maximum

2.23

Sonim Technologies, Inc. (SONM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Sonim Technologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 35.72%

Maximum Annual Current Ratio = 2.23

Minimum Annual Increase = -23.60%

Minimum Annual Current Ratio = 0.98

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.360.09%
20221.36-19.98%
20211.70-23.60%
20202.2329.82%
20191.7129.40%
20181.3335.72%

Sonim Technologies, Inc. (SONM) Average Current Ratio

How has SONM Current Ratio performed in the past?

The current Current Ratio of Sonim Technologies, Inc. (SONM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.47

5-year avg

1.67

10-year avg

1.52

Sonim Technologies, Inc. (SONM) Current Ratio vs. Peers

How is SONM’s Current Ratio compared to its peers?

Sonim Technologies, Inc.’s Current Ratio is less than Farmmi, Inc. (21.81), greater than Borqs Technologies, Inc. (0.74), greater than Powerbridge Technologies Co., Ltd. (1.07), less than Meten Holding Group Ltd. (1.91), less than Sonnet BioTherapeutics Holdings, Inc. (1.65),

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