Sonim Technologies (SONM) investor relations material

Company overview and business model

• Provides enterprise 5G solutions, including rugged handsets, smartphones, wireless internet devices, software, services, and accessories for critical communications, first responders, government, industrial, construction, hospitality, and logistics sectors.

• Products are distributed through major U.S. and Canadian carriers, as well as partners in Europe, South Africa, and Australia.

• Recent strategic expansion includes new product categories and geographic markets, with a focus on enterprise, SMB, and prosumer segments.

• High revenue concentration among top wireless carrier customers, with 75% of Q2 2025 YTD revenue from top three carriers.

• Trade Agreements Act compliance initiatives support growth in government and enterprise markets.

Financial performance and metrics

• Unaudited pro forma financials reflect the pending sale of substantially all assets related to the 5G solutions business for $15 million in cash, plus up to $5 million earn-out.

• For the six months ended June 30, 2025, pro forma net loss was $3.2 million, and for the year ended December 31, 2024, pro forma net income was $4.9 million after the asset sale.

• Pro forma adjustments eliminate revenues and expenses from the divested business, with a recognized gain of $12.1 million on the asset sale.

Use of proceeds and capital allocation

• May receive up to $500 million in gross proceeds from Chardan under a committed equity facility, with at least 33% allocated to prepay a July Note.

• Remaining proceeds intended for operations, business strategy support, working capital, general corporate purposes, and potential debt repayment or refinancing.

• Proceeds may be invested in investment-grade, interest-bearing securities or held as cash pending use.