SONM

MKT CAP:$4M

DNA X, Inc.

Market Cap

$4M

Technology·Communication Equipment·🇺🇸 United States·NASDAQ

Technology·Communication·🇺🇸·NASDAQ

Stock Price

$3.61+$0.73 (+25.49%)

Apr 21, 2026

Company Details

DNA X, Inc. provides enterprise 5G solutions in the United States, Canada, Europe, the Middle East, and the Asia Pacific. The company offers ruggedized cell phones for task workers, which include Sonim XP10, Sonim XP5plus, Sonim XP3plus, an...

CEO

Michael C. Mulica

IPO Date

May 10, 2019

Website

www.sonimtech.com

Key Metrics TTM

Revenue

$59M

+4.2% YoY

Net Income

-$33M

EPS (Diluted)

-$9.96

Free Cash Flow

-$26M

Revenue / Share

$6.00

Gross Margin

18.3%

Operating Margin

-54.4%

Net Margin

-56.5%

FCF Margin

-44.1%

P/S

0.1x

P/E

—

Earnings Reports

Q3 2025

Oct 31, 2025

$16M+7.9%EPS -$4.83

Q2 2025

Aug 8, 2025

$11M-2.8%EPS -$0.79

Q1 2025

May 12, 2025

$17M-0.3%EPS $0.08

FY 2024

Mar 31, 2025

$58M-37.7%EPS -$7.13

Q4 2024

Mar 31, 2025

$15M+11.6%EPS -$4.42

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$16M	-$487.0K	-$12M
Q1 22	$13M	$2M	-$7M
Q2 22	$12M	$3M	-$4M
Q3 22	$20M	$3M	-$2M
Q4 22	$24M	$4M	-$1M
Q1 23	$26M	$4M	$333.0K
Q2 23	$27M	$4M	$747.0K
Q3 23	$28M	$6M	$688.0K
Q4 23	$13M	$5M	-$1M
Q1 24	$17M	$3M	-$3M
Q2 24	$12M	$3M	-$6M
Q3 24	$15M	$4M	-$2M
Q4 24	$15M	-$183.0K	-$22M
Q1 25	$17M	$8M	$645.0K
Q2 25	$11M	$845.0K	-$7M
Q3 25	$16M	$2M	-$4M

Valuation

Quarter	P/S	P/E
Q4 21	6.4x	—
Q1 22	5.2x	—
Q2 22	3.5x	—
Q3 22	5.7x	—
Q4 22	5.2x	—
Q1 23	10.5x	—
Q2 23	9.6x	—
Q3 23	5.0x	2346.0x
Q4 23	6.5x	—
Q1 24	5.7x	—
Q2 24	12.4x	—
Q3 24	4.5x	—
Q4 24	4.9x	—
Q1 25	6.3x	—
Q2 25	3.7x	—
Q3 25	1.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$18M	-$18M
Q1 22	-$609.0K	-$612.0K
Q2 22	$765.0K	$762.0K
Q3 22	-$10M	-$10M
Q4 22	-$2M	-$2M
Q1 23	-$4M	-$4M
Q2 23	$820.0K	$797.0K
Q3 23	-$304.0K	-$305.0K
Q4 23	-$351.0K	-$363.0K
Q1 24	-$168.0K	-$198.0K
Q2 24	-$3M	-$3M
Q3 24	-$417.0K	-$554.0K
Q4 24	-$5M	-$5M
Q1 25	-$10M	-$10M
Q2 25	-$5M	-$5M
Q3 25	-$7M	-$7M

Capital Expenditures

Quarter	CapEx
Q4 21	$26.0K
Q1 22	$3.0K
Q2 22	$3.0K
Q3 22	$0
Q4 22	$2.0K
Q1 23	$0
Q2 23	$23.0K
Q3 23	$1.0K
Q4 23	$12.0K
Q1 24	$30.0K
Q2 24	$39.0K
Q3 24	$137.0K
Q4 24	$8.0K
Q1 25	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+0.6%	+18.8%
Q1 22	+8.3%	-4.5%
Q2 22	+0.0%	-12.3%
Q3 22	+41.9%	-10.9%
Q4 22	+51.4%	-9.0%
Q1 23	+94.6%	+25.2%
Q2 23	+124.5%	+61.3%
Q3 23	+34.5%	+19.9%
Q4 23	-44.3%	-41.7%
Q1 24	-35.0%	-23.6%
Q2 24	-57.1%	-31.1%
Q3 24	-45.5%	-35.3%
Q4 24	+11.6%	+152.6%
Q1 25	-0.3%	-17.4%
Q2 25	-2.8%	-0.4%
Q3 25	+7.9%	+16.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$325.0K	2.0%
Q1 22	$283.0K	2.1%
Q2 22	$469.0K	3.9%
Q3 22	$384.0K	1.9%
Q4 22	$415.0K	1.7%
Q1 23	$309.0K	1.2%
Q2 23	$358.0K	1.3%
Q3 23	$371.0K	1.3%
Q4 23	$458.0K	3.4%
Q1 24	$324.0K	1.9%
Q2 24	$472.0K	4.1%
Q3 24	$373.0K	2.5%
Q4 24	$356.0K	2.4%
Q1 25	$290.0K	1.7%
Q2 25	$926.0K	8.3%
Q3 25	$166.0K	1.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 21	$4M	$5M	$2M
Q1 22	$4M	$2M	$2M
Q2 22	$3M	$2M	$2M
Q3 22	—	$4M	$2M
Q4 22	$1M	$2M	$2M
Q1 23	$105.0K	$2M	$2M
Q2 23	—	$2M	$2M
Q3 23	$741.0K	$2M	$2M
Q4 23	$926.0K	$2M	$3M
Q1 24	$456.0K	$3M	$2M
Q2 24	$557.0K	$2M	$3M
Q3 24	$715.0K	$3M	$3M
Q4 24	$13M	$4M	$4M
Q1 25	$2M	$3M	$3M
Q2 25	$909.0K	$3M	$3M
Q3 25	$181.0K	$3M	$2M

Revenue Segments

Quarter	Accessories And Other	Feature Phones	Smartphones	Accessories and Other	Connected Solutions
Q1 22	$833.0K	$9M	$4M	—	—
Q2 24	—	$5M	$6M	$433.0K	—
Q3 24	—	$7M	$8M	$285.0K	—
Q1 25	—	$5M	$11M	$190.0K	$689.0K
Q2 25	—	$4M	$5M	$270.0K	$2M
Q3 25	—	$4M	$8M	$305.0K	$4M

Revenue by Geography

Quarter	Asia Pacific	Canada And Latin America	Europe And Middle East	United States	Canada and Latin America	Europe and Middle East	Canada
Q4 21	$708.0K	$1M	$210.0K	$14M	—	—	—
Q1 22	$109.0K	$1M	$357.0K	$11M	—	—	—
Q2 22	$3.0K	—	—	$9M	$3M	$536.0K	—
Q3 22	$14M	—	—	$4M	$2M	$266.0K	—
Q1 23	$15M	$3M	$2M	$6M	—	—	—
Q2 23	$15M	—	—	$8M	$3M	$829.0K	—
Q3 23	$14M	—	—	$12M	$2M	$87.0K	—
Q1 24	$8M	—	—	$7M	—	$41.0K	$2M
Q2 24	$70.0K	—	—	$9M	—	$2.0K	$2M
Q3 24	$98.0K	—	—	$12M	—	$77.0K	$3M
Q1 25	$529.0K	—	—	$13M	—	$1M	$2M
Q2 25	$42.0K	—	$1M	$10M	—	—	$453.0K
Q3 25	$10.0K	—	—	$12M	—	$2M	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$11M	$0	$11M
Q1 22	$11M	$0	$11M
Q2 22	$18M	$0	$18M
Q3 22	$15M	$0	$15M
Q4 22	$13M	$0	$13M
Q1 23	$9M	$0	$9M
Q2 23	$10M	$0	$10M
Q3 23	$10M	$0	$10M
Q4 23	$9M	$0	$9M
Q1 24	$9M	$0	$9M
Q2 24	$10M	$0	$10M
Q3 24	$9M	$0	$9M
Q4 24	$5M	$0	$5M
Q1 25	$2M	$0	$2M
Q2 25	$2M	$0	$2M
Q3 25	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	2M	+93.5%	+144.0%
Q1 22	2M	+18.0%	+188.2%
Q2 22	2M	+0.9%	+189.9%
Q3 22	4M	+87.1%	+331.3%
Q4 22	4M	+13.3%	+152.6%
Q1 23	4M	+0.5%	+115.0%
Q2 23	4M	+8.5%	+131.2%
Q3 23	4M	-0.9%	+22.4%
Q4 23	4M	-0.1%	+7.9%
Q1 24	4M	+0.6%	+8.0%
Q2 24	5M	+5.6%	+5.1%
Q3 24	5M	+3.5%	+9.8%
Q4 24	5M	+1.0%	+11.0%
Q1 25	6M	+19.8%	+32.2%
Q2 25	10M	+62.1%	+103.0%
Q3 25	10M	+3.6%	+103.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$31.9K	500
Q1 22	$26.5K	500
Q2 22	$23.9K	500
Q3 22	$41.0K	500
Q4 22	$446.6K	54
Q1 23	$477.8K	54
Q2 23	$496.9K	54
Q3 23	$510.5K	54
Q4 23	$200.4K	67
Q1 24	$250.4K	67
Q2 24	$171.9K	67
Q3 24	$224.2K	67
Q4 24	$114.4K	131
Q1 25	$127.6K	131
Q2 25	$85.4K	131
Q3 25	$123.8K	131

Revenue / Employee