secwatch.observer — SEC 8-K summary
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Issuer:     DNA X, Inc. (SONM)
CIK:        0001178697
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001641172-25-022814
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonim Q2 net loss $7.5M, revenue $11.2M; Social Mobile acquisition for $15M
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- GAAP net loss of $7.5M vs net income $0.5M in Q1; revenue $11.2M down 33% QoQ from $16.7M (incl. $5.3M one-time item).
- Gross profit $0.8M (8% margin) vs $8.4M (50%) Q1; includes $1.1M impairment on contract fulfillment assets.
- Adjusted EBITDA negative $3.2M, flat QoQ; cash $2.0M at quarter end, raised $7.1M post-quarter via stock and debt.
- XP Pro smartphone launched with AT&T; H500 5G hotspot shipping to Europe for Deutsche Telekom, Telenor, Swisscom.
- Asset sale to Social Mobile for $15M base + $5M earn-out; expected Q4 close; all five director nominees elected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178697/000164117225022814/0001641172-25-022814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178697/000164117225022814/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-022814

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