Sonim Technologies Q2 EPS $(1.41) Misses $(0.54) Estimate, Sales $11.52M Beat $10.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonim Technologies (NASDAQ:SONM) reported a Q2 EPS of $(1.41), missing the $(0.54) estimate by 161.11%. Sales were $11.52M, beating the $10.91M estimate by 5.55%. Compared to the same period last year, EPS decreased by 1510% and sales decreased by 57.09%.
August 09, 2024 | 8:07 pm
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NEGATIVE IMPACT
Sonim Technologies reported a significant miss on EPS and a beat on sales for Q2. The EPS of $(1.41) missed the $(0.54) estimate by a wide margin, while sales of $11.52M slightly exceeded expectations. However, both EPS and sales showed substantial declines compared to the same period last year.
The significant miss on EPS and the large year-over-year declines in both EPS and sales are likely to negatively impact investor sentiment and the stock price in the short term, despite the slight beat on sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100