earnings
confidence high
sentiment neutral
materiality 0.75
DNA X reports FY2025 no revenue from continuing ops; closes mobile asset sale for $15M
DNA X, Inc.
- No revenue from continuing operations in Q4 2025; G&A expenses $1.2M primarily for acquisition and sale costs.
- Completed sale of mobile device assets to NEXA Mobility on Jan 23, 2026 for $15M; $13.5M paid immediately.
- CEO and board member resigned Jan 30, 2026; Executive Chairman Mike Mulica named acting CEO; Scott Walker appointed to board.
- Cash from continuing ops $1.3M at Dec 31, 2025; proceeds used to repay debt and support DNA X crypto platform.
- Rebranded as DNA X, Inc. from Sonim Technologies; Nasdaq ticker remains SONM.