DNA X, Inc. (SONM) Form 8-K — May 20, 2026
DNA X, Inc. (SONM) reported Q1 2026 net income of $6.3 million, driven primarily by the completed sale of its legacy mobile device business to NEXA Mobility for $15 million. The company has exited its hardware operations and is pivoting entirely to an AI-driven cryptocurrency trading platform, which currently generates no revenue from continuing operations. Continuing operations posted a net loss of $3.9 million, with $3.6 million in G&A expenses including $1.5 million in severance costs.
Key figures
- Revenue
- 0
- Net Income
- 6340000
- Debt Amount
- 1800000
- Cash Position
- 1195000
- Total assets
- 4838000
- Severance costs
- 1500000
- G and a expenses
- 3618000
- Holdback payment
- 1500000
- Eps basic diluted
- 5.01
- Immediate payment
- 12000000
- Total liabilities
- 4921000
- Shares outstanding
- 1265067
- Asset sale proceeds
- 15000000
- Eps discontinued ops
- 8.12
- Professional services
- 900000
- Income discontinued ops
- 10268000
- Working capital adjustment
- 1500000
Price after filing
Close on the filing date to close N calendar days later (from $4.48). Historical, not a forecast.
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