DNA X, Inc. (SONM)
DNA X, Inc., formerly known as Sonim Technologies, Inc. until its rebranding in January 2026, is a company established in 1999 and headquartered in San Diego, California. The firm specializes in delivering enterprise-grade 5G solutions across a broad international footprint, encompassing the United States, Canada, Europe, the Middle East, and the Asia-Pacific region. Their product portfolio includes a comprehensive range of ruggedized communication devices tailored for frontline and task workers. This lineup features models such as the Sonim XP10, Sonim XP5plus, Sonim XP3plus, Sonim XP Pro, as well as the XP100 4G and XP400 5G professional rugged phones, XP Pro 5G rugged smartphones, and XP3plus 5G rugged flip phones. Beyond handsets, DNA X, Inc. also provides connected solutions, offering both fixed wireless access and mobile hotspot devices. These include the Sonim H100 low- and mid-range mobile hotspots, the Sonim H700, and the advanced Sonim H500-series of 5G mobile hotspots. Complementing its hardware offerings, the company supplies proprietary SonimWare software and a selection of industrial-grade accessories. DNA X, Inc. distributes its products through a diverse network that includes wireless carriers, data device distributors, communications system integrators, and electronics resellers. The company's clientele spans various critical industries, including transportation and logistics, construction, manufacturing, facilities management, energy and utilities, mining, federal government agencies, and public safety organizations.
Sector: Telephone & Telegraph Apparatus
Industry: Communication Equipment
DNA X, Inc.
NASDAQ:SONMTechnology · Communication Equipment
-3.47%$3.08
Mkt Cap$4.58M
Float26K
O/S1.49M
Inst Own6.7%
SI68.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$20.66M
Total Assets$43.9M
Free Cash Flow-$23.53M
Debt & Equity
Total Debt$5.07M
Total Equity-$6.73M
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
2-year cumulative
1:18
Nasdaq bars a compliance period at 1:250
- 1:18Reverse splitOct 27, 202518 shares → 1
- 1:10Reverse splitJul 18, 202410 shares → 1
- 1:10Reverse splitSep 16, 202110 shares → 1
Balance Sheet Details
Assets$43.9M
Liabilities$50.63M
Accounts Receivable$0
Accounts Payable$4.03M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $0 | $58.3M | $93.63M | $69.83M | $54.57M | $63.99M | $116.25M | $135.66M | $59.03M |
| YoY Growth | - | -37.7% | 34.1% | 28.0% | -14.7% | -45.0% | -14.3% | 129.8% | - |
| Cost of Revenue | $4.3M | $48.38M | $74.31M | $58.2M | $48.16M | $48.78M | $81.74M | $87.58M | $38.72M |
| Gross Profit | -$4.3M | $9.92M | $19.32M | $11.62M | $6.41M | $15.21M | $34.51M | $48.09M | $20.31M |
| Gross Margin | - | 17.0% | 20.6% | 16.6% | 11.8% | 23.8% | 29.7% | 35.4% | 34.4% |
| Research and Development | $0 | $14.23M | $1.77M | $7.97M | $17.7M | $16.22M | $26.06M | $23.25M | $13.01M |
| Selling, General, and Administrative | $5.41M | $25.35M | $17.04M | $17.94M | $26.72M | $26.71M | $30.09M | $19.45M | $14.07M |
| Other | -$4.3M | $3.98M | $0 | $0 | $0 | $1.55M | $736K | $0 | $0 |
| Total Operating Expenses | $1.11M | $43.56M | $18.81M | $25.91M | $44.41M | $44.47M | $56.89M | $42.7M | $27.08M |
| Operating Income (EBIT) | -$5.41M | -$33.64M | $513K | -$14.29M | -$38M | -$29.26M | -$22.38M | $5.39M | -$6.77M |
| Operating Margin | - | -57.7% | 0.5% | -20.5% | -69.6% | -45.7% | -19.3% | 4.0% | -11.5% |
| Interest Expense | $1.49M | $29K | $15K | $97K | $0 | $759K | $1.52M | $1.83M | $820K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$2.55M | $217K | -$229K | $387K | -$459K | -$1.19M | -$2.06M | -$3.36M | -$1.61M |
| Income Before Tax (EBT) | -$7.96M | -$33.42M | $284K | -$13.9M | -$38.46M | -$30.45M | -$24.45M | $2.03M | -$8.38M |
| Income Tax Expense | $0 | $226K | $374K | $184K | $167K | -$521K | $1.39M | $754K | $134K |
| Net Income | -$20.66M | -$33.65M | -$90K | -$14.09M | -$38.63M | -$29.93M | -$25.83M | $1.28M | -$8.52M |
| Net Income Margin | - | -57.7% | -0.1% | -20.2% | -70.8% | -46.8% | -22.2% | 0.9% | -14.4% |
| Supplementary Data | |||||||||
| EPS | -28.58 | -128.37 | -0.39 | -87.77 | -734.62 | -1165.95 | -2499.59 | -798.14 | -1380.89 |
| Diluted EPS | -28.58 | -128.37 | -0.39 | -87.77 | -734.62 | -1165.95 | -2499.59 | -798.14 | -1380.89 |
| Weighted Average OS | 722,689 | 262,115 | 231,607 | 160,495 | 52,580 | 25,671 | 10,335 | 11,119 | 11,119 |
| EBITDA | -$2.17M | -$29.84M | $2.5M | -$11.43M | -$36.33M | -$26.97M | -$19.4M | $5.71M | -$6.25M |
| EBITDA Margin | - | -51.2% | 2.7% | -16.4% | -66.6% | -42.1% | -16.7% | 4.2% | -10.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $1.3M | $5.34M | $9.4M | $13.21M | $11.23M | $22.14M | $11.3M | $13.05M | $1.58M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.3M | $5.34M | $9.4M | $13.21M | $11.23M | $22.14M | $11.3M | $13.05M | $1.58M |
| Accounts Receivable | $0 | $11.64M | $26.27M | $24.75M | $14.75M | $5.11M | $11.46M | $21.44M | $12.16M |
| Inventory | $0 | $10.62M | $6.52M | $3.91M | $5.54M | $11.34M | $19.53M | $21.83M | $8.98M |
| Other Current Assets | $26.93M | $4.56M | $935K | $770K | $2.53M | $2.81M | $2.73M | $5.82M | $3.98M |
| Total Current Assets | $28.91M | $32.16M | $43.79M | $43.63M | $35.69M | $45.57M | $47.34M | $63.87M | $27.37M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $0 | $227K | $126K | $234K | $534K | $843K | $1.44M | $1.07M | $724K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $12.31M | $7.35M | $12.13M | $9.82M | $4.87M | $3.9M | $6.68M | $2.41M | $2.16M |
| Total Long-Term Assets | $14.99M | $7.57M | $12.26M | $10.05M | $5.4M | $4.74M | $8.12M | $3.48M | $2.88M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $43.9M | $39.74M | $56.04M | $53.69M | $41.09M | $50.31M | $55.46M | $67.34M | $30.25M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $4.03M | $22.85M | $19.85M | $22.09M | $9.47M | $8.86M | $7.23M | $27.3M | $11.25M |
| Short-Term Debt | $5.07M | $0 | $0 | $147K | $148K | $177K | $9.82M | $301K | $3.13M |
| Current Income Tax Payable | $2.6M | $1.7M | $1.53M | $1.43M | $1.41M | $1.24M | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $12K | $31K | $11K | $5K | $291K | $4.22M | $4.68M |
| Other Current Liabilities | $38.23M | $13.67M | $10.03M | $5.5M | $9.46M | $9.16M | $8.39M | $13.3M | $7.49M |
| Total Current Liabilities | $48.03M | $43.74M | $32.15M | $32.06M | $20.98M | $20.47M | $27.61M | $48.2M | $28.03M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $66K | $185K | $362K | $13.21M | $7.55M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.6M | $1.7M | $1.53M | $1.58M | $1.41M | $1.24M | $1.96M | $807K | $4.18M |
| Total Long-Term Liabilities | $2.6M | $1.7M | $1.53M | $1.58M | $1.48M | $1.43M | $2.32M | $14.02M | $11.73M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $50.63M | $45.44M | $33.67M | $33.64M | $22.46M | $21.9M | $29.93M | $62.22M | $39.76M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $80.4M |
| Common Stock | $1.23M | $5K | $43K | $41K | $19K | $66K | $20K | $15K | $1K |
| Retained Earnings | -$304.26M | -$283.61M | -$249.96M | -$249.87M | -$234.81M | -$196.18M | -$166.25M | -$143.53M | -$144.8M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $296.31M | $277.9M | $272.29M | $269.87M | $253.42M | $224.52M | $191.75M | $148.64M | $135.29M |
| Total Equity | -$6.73M | -$5.7M | $22.37M | $20.05M | $18.63M | $28.41M | $25.52M | $5.13M | -$9.51M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $43.9M | $39.74M | $56.04M | $53.69M | $41.09M | $50.31M | $55.46M | $67.34M | $30.25M |
| Supplementary Data | |||||||||
| Total Debt | $5.07M | $0 | $55K | $213K | $214K | $362K | $10.18M | $13.51M | $10.69M |
| Net Debt | $3.76M | -$5.34M | -$9.34M | -$13M | -$11.02M | -$21.78M | -$1.11M | $461K | $9.1M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$20.66M | -$33.65M | -$90K | -$14.09M | -$38.63M | -$29.93M | -$25.83M | $1.28M | -$8.52M |
| Depreciation & Amortization | $4.3M | $3.56M | $2.21M | $2.38M | $2.13M | $2.73M | $3.52M | $1.85M | $1.32M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$35K | $21K | $109K | $140K | -$284K |
| Stock-Based Compensation | $1.54M | $1.52M | $1.5M | $1.55M | $1.08M | $1.09M | $6.31M | $252K | $104K |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$19.5M | -$6.11M | -$1.72M | -$11.63M | -$7.52M | $5.46M | $8.75M | -$8.06M | -$3.67M |
| Inventory | $3.85M | -$4.99M | -$2.61M | $1.63M | $4.18M | $7.49M | -$809K | -$12.85M | $3.37M |
| Accounts Payable | $9.53M | $14.31M | -$1.28M | $11.65M | $617K | $1.49M | -$20.07M | $16.05M | -$3.35M |
| Other Working Capital | $1.03M | $7.1M | -$2.7M | -$2.98M | -$2.58M | -$405K | -$8.75M | $3.74M | $1.21M |
| Total Working Capital Change | -$5.09M | $10.3M | -$8.31M | -$1.33M | -$5.3M | $14.04M | -$20.88M | -$1.13M | -$2.45M |
| Other Non-Cash Items | -$3.62M | $9.78M | $644K | -$869K | $2.27M | $1.5M | $3.25M | $1.47M | $928K |
| Net Cash from Operating | -$23.53M | -$8.49M | -$4.05M | -$12.36M | -$38.48M | -$10.56M | -$33.52M | $3.86M | -$8.91M |
| Investing Activities | |||||||||
| Capital Expenditures | $0 | -$214K | -$36K | -$8K | -$46K | -$11K | -$1.36M | -$2.54M | -$1.17M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $175K |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | -$214K | -$36K | -$8K | -$46K | -$11K | -$1.36M | -$2.54M | -$999K |
| Financing Activities | |||||||||
| Debt Repaid | -$6.37M | - | $147K | $67K | $148K | $4.15M | $3.69M | -$4.78M | -$6.84M |
| Common Stock Issuance | $13.67M | $4.01M | $419K | $14.41M | $27.7M | $25.57M | $38.47M | $8.29M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $48K | $0 | $0 | $60K | -$6K | -$1.65M | -$5K | -$170K |
| Net Cash from Financing | $19.49M | $4.65M | $272K | $14.35M | $27.61M | $21.41M | $33.13M | $10.15M | $4.42M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$4.04M | -$4.05M | -$3.82M | $1.98M | -$10.91M | $10.84M | -$1.75M | $11.47M | -$5.49M |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$23.53M | -$8.49M | -$4.05M | -$12.36M | -$38.48M | -$10.56M | -$33.52M | $3.86M | -$8.91M |
| Capital Expenditure | $0 | -$214K | -$36K | -$8K | -$46K | -$11K | -$1.36M | -$2.54M | -$1.17M |
| Free Cash Flow | -$23.53M | -$8.7M | -$4.09M | -$12.37M | -$38.52M | -$10.57M | -$34.88M | $1.32M | -$10.08M |
| Cash at Beginning | $5.34M | $9.4M | $13.21M | $11.23M | $22.14M | $11.3M | $13.05M | $1.58M | $7.07M |
| Cash at End | $1.3M | $5.34M | $9.4M | $13.21M | $11.23M | $22.14M | $11.3M | $13.05M | $1.58M |