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SONIM TECHNOLOGIES INC (SONM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K/A10-K10-KS-1/A
Total revenues  69.854.664.0116.3135.759.0
            Revenue growth  28.0%-14.7%-45.0%-14.3%129.8% 
Cost of goods sold  58.248.248.881.787.638.7
Gross profit  11.66.415.234.548.120.3
            Gross margin  16.6%11.8%23.8%29.7%35.4%34.4%
Selling, general and administrative   [+]16.919.920.229.019.414.1
Research and development  8.017.716.226.123.213.0
EBITDA   [+]-10.9-29.0-18.5-17.07.2 
            EBITDA margin  -15.6%-53.1%-28.9%-14.6%5.3%-11.5%
Depreciation and amortization  2.42.12.73.51.9 
EBIT   [+]-13.2-31.1-21.3-20.65.4-6.8
            EBIT margin  -19.0%-57.0%-33.2%-17.7%4.0%-11.5%
Non-recurring items   [+]1.16.98.01.8  
Interest expense  0.1 0.81.51.8 
Other income (expense), net   [+]0.5-0.5-0.4-0.5-1.5-1.6
Pre-tax income  -13.9-38.5-30.5-24.42.0-8.4
Income taxes  0.20.2-0.51.40.80.1
            Tax rate    1.7% 37.1% 
Net income  -14.1-38.6-29.9-25.8-8.90.0
            Net margin  -20.2%-70.8%-46.8%-22.2%-6.5%0.0%
   
Basic EPS   [+]($0.49)($4.08)($6.48)($1.39)($2.57)($14.96)
Diluted EPS   [+]($0.49)($4.08)($6.48)($1.39)($2.57)($14.96)
   
Shares outstanding (basic)   [+]28.99.54.618.63.40.0
Shares outstanding (diluted)   [+]28.99.54.618.63.40.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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