---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-024639"
form_type: "8-K"
ticker: "SONM"
cik: "0001178697"
company_name: "DNA X, Inc."
filed_at: "2026-05-20T20:50:16+00:00"
generated_at: "2026-05-20T20:52:49.831426+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DNA X Q1 2026: asset sale nets $6.3M; no continuing revenue; raises $1.8M debt

## Summary
- Completed sale of mobile device assets to NEXA for $15M (net $13.5M after working capital adj); $12M paid, $1.5M due Oct 2026.
- Net income of $6.3M from asset sale (taxes, fees, severance); no revenue from continuing operations.
- G&A expenses from continuing ops $3.6M, including $1.5M severance and $0.9M audit/tax costs.
- Cash from continuing ops $1.2M at quarter end; entered agreement for $1.8M new debt on May 20, 2026.
- Rebranded from Sonim Technologies to DNA X, Inc.; focuses on AI/crypto trading platform.

## SEC filing metadata
- accession: 0001493152-26-024639
- form_type: 8-K
- ticker: SONM
- cik: 0001178697
- company_name: DNA X, Inc.
- filed_at: 2026-05-20T20:50:16+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178697/000149315226024639/0001493152-26-024639-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178697/000149315226024639/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-024639
- JSON: https://secwatch.observer/filing/0001493152-26-024639.json
- Plain text: https://secwatch.observer/filing/0001493152-26-024639.txt

## Key facts
- Earnings Releases
  DNA X, Inc. reported first quarter ended March 31, 2026 results: revenue There was no revenue from continuing operations because revenue from our phone and hotspot operations was included in di, net income $6.3 million in net income for the first quarter of 2026.
  - Period: first quarter ended March 31, 2026
  - Revenue: There was no revenue from continuing operations because revenue from our phone and hotspot operations was included in di
  - Net income: $6.3 million in net income for the first quarter of 2026
  - Result: reported results
  source text: DNA X, Inc. Reports First Quarter 2026 Financial Results ● Closed sale of the Company’s mobile device assets to NEXA in January 2026 ● Completed the transfer of the operations of the phone and hotspot business to NEXA ● Focused on enhancing the DNA X trading platform to prepare the platform for its initial growth phase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178697/000149315226024639/0001493152-26-024639-index.htm

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