KYOCF - Sonim Technologies Seeks To Reverse Value Destruction With New CEO
Quick Take
Sonim Technologies (SONM) went public on May 10, 2019, raising $39 million in gross proceeds in an IPO.
The firm designs and manufactures rugged mobile phones on the Android platform.
Since its IPO, SONM has succeeded in destroying shareholder value at an impressive rate.
A new and experienced CEO may turn this disaster-of-a-stock around, but my bias is to stay away until management shows it can produce positive results.
Company
San Mateo, California-based Sonim was founded in 1999 as NaviSpin.com to manufacture and market ruggedized Android-based mobile phones and accessories designed