---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029235"
form_type: "8-K"
ticker: "SONM"
cik: "0001178697"
company_name: "DNA X, Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:27:57.610438+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sonim Q2 2023 revenue up 125% to $26.8M; posts positive net income of $509K

## Summary
- Net revenue $26.8M, up 125% YoY ($12.0M in Q2 2022) and sequential increase from $25.8M in Q1 2023.
- GAAP net income of $509K vs. net loss of $4.2M in Q2 2022; second consecutive quarter of positive net income.
- Gross profit margin 16.5% (down from 23.8% YoY) due to higher volume of lower-margin ODM tablet shipments.
- Cash and equivalents $9.7M; essentially debt-free; accounts receivable $26.6M, inventory $4.7M.
- New 5G phones selected by two tier-one carriers for 2024 launch; expanding into consumer-durable and data device markets.

## SEC filing metadata
- accession: 0001493152-23-029235
- form_type: 8-K
- ticker: SONM
- cik: 0001178697
- company_name: DNA X, Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178697/000149315223029235/0001493152-23-029235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178697/000149315223029235/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029235
- JSON: https://secwatch.observer/filing/0001493152-23-029235.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029235.txt

## Key facts
- Earnings Releases
  DNA X, Inc. reported the second quarter ended June 30, 2023 results: revenue $26.8 million, net income $509 thousand.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $26.8 million
  - Net income: $509 thousand
  - Result: reported results
  source text: ● Net revenues increased 125% year-over-year to $26.8 million, from $12.0 million in the second quarter 2022, and increased sequentially from $25.8 million in the first quarter 2023 ● Achieved positive GAAP net income of $509 thousand, compared to a net loss of $4.2 million in the second quarter of 2022, and a net profit of $227 thousand in the first quarter 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178697/000149315223029235/0001493152-23-029235-index.htm

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