---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-015864"
form_type: "8-K"
ticker: "SONM"
cik: "0001178697"
company_name: "DNA X, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:17:11.675448+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sonim reports Q1 2023 revenue up 95% YoY to $25.8M, achieves positive GAAP net income of $227K

## Summary
- Net revenues $25.8M, up 95% YoY from $13.3M; up 7% sequentially from $24.1M.
- Positive GAAP net income of $227K vs net loss of $7.2M in Q1 2022.
- Gross profit margin improved to 16% vs 12% in prior-year quarter.
- Regained compliance with Nasdaq minimum bid price rule; SEC investigation concluded without enforcement.
- Cash and equivalents $9.0M, essentially debt-free.

## SEC filing metadata
- accession: 0001493152-23-015864
- form_type: 8-K
- ticker: SONM
- cik: 0001178697
- company_name: DNA X, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178697/000149315223015864/0001493152-23-015864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178697/000149315223015864/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-015864
- JSON: https://secwatch.observer/filing/0001493152-23-015864.json
- Plain text: https://secwatch.observer/filing/0001493152-23-015864.txt

## Key facts
- Earnings Releases
  DNA X, Inc. reported first quarter ended March 31, 2023 results: revenue $25.8 million, net income positive GAAP net income of $227 thousand.
  - Period: first quarter ended March 31, 2023
  - Revenue: $25.8 million
  - Net income: positive GAAP net income of $227 thousand
  - Result: reported results
  source text: reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 and Recent Highlights ● Net revenues increased 95% year-over-year to $25.8 million, from $13.3 million in the first quarter 2022, and 7% sequentially from $24.1 million in the fourth quarter 2022 ● Achieved positive GAAP net income of $227 thousand, compared to a net loss of $7.2 million in the first quarter of 2022, and a net loss of $1.0 million in the fourth quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178697/000149315223015864/0001493152-23-015864-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.