Sonim Technologies expects Q1 2023 revenue of ~$25.8M, up 94% YoY

DNA X, Inc.

2023-Q1 EPS reported $0.01 revenue$25,801,000

Preliminary Q1 2023 revenue ~$25.8M, sequential growth of at least 7% from Q4 2022 ($24.1M) and YoY growth of at least 94% from Q1 2022 ($13.3M).
CEO Peter Liu attributes growth to new management team and corporate strategy since July 2022 growth equity investment.
Company launched refreshed product line including XP10 5G ultrarugged Android smartphone and expanded into adjacent markets.
Results are preliminary and subject to finalization; final amounts to be reported in Q1 2023 Form 10-Q.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DNA X, Inc. reported the first quarter of 2023 results: revenue approximately $25.8 million.

Period: the first quarter of 2023
Revenue: approximately $25.8 million
Result: preliminary results

Exact text from the filing

Sonim Technologies (Nasdaq: SONM) today announced that it expects to report continued sequential and year-over-year sales growth in the first quarter of 2023, ended March 31. First quarter 2023 revenue is anticipated to be approximately $25.8 million.

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Source: SEC EDGAR

accession 0001493152-23-013521

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