Sonim Technologies Q4 EPS $(0.03) Misses $0.01 Estimate, Sales $13.43M Miss $27.57M Estimate
Portfolio Pulse from Happy Mohamed
Sonim Technologies (NASDAQ:SONM) reported a Q4 EPS of $(0.03), missing the $0.01 estimate, and sales of $13.43M, missing the $27.57M estimate. This represents a 200% decrease in EPS and a 44.32% decrease in sales from the same period last year.
March 28, 2024 | 3:48 am
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Sonim Technologies reported significant misses in both EPS and sales for Q4, with a 200% decrease in EPS and a 44.32% decrease in sales year-over-year.
The significant misses in both EPS and sales for Sonim Technologies, compared to analyst estimates and year-over-year figures, suggest a negative short-term impact on the stock. The magnitude of the miss in both key financial metrics indicates underlying challenges that could concern investors, leading to potential downward pressure on the stock price in the short term.
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