Sonim Q3 revenue up 34% to $27.6M, GAAP net income $527k vs loss year ago

DNA X, Inc.

2023-Q3 EPS reported $0.03 revenue$80,202,000

Revenue $27.6M (+34% YoY from $20.5M); GAAP net income $527k vs $1.6M loss in Q3 2022.
Gross margin improved to 20.3% from 16.2% YoY on better product mix (XP10 smartphone).
Cash $9.8M, debt-free; self-funds working capital and product development.
Secured five tier-one carrier awards in North America and Australia for 5G mobile hotspots launching 2024.
Appointed Simon Rayne as GM for UK, EMEA, and APAC sales.

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 0.98

DNA X, Inc. reported the third quarter ended September 30, 2023 results: revenue $27.6 million, net income $527 thousand.

Period: the third quarter ended September 30, 2023
Revenue: $27.6 million
Net income: $527 thousand
Result: reported results

Exact text from the filing

the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Sonim Reports 34% Revenue Increase to $27.6 Million, Continued GAAP Profitability in Third Quarter 2023 Increased Gross Margin, Continued GAAP Net Income Demonstrate Durability of Sonim Financial Model Growing List of New Tier-One

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DNA X, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-040796

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