Sonim Technologies (NASDAQ:SONM) today announced an additional customer purchase order for $17 million in tablet products designed by Sonim and assembled via an ODM relationship. Sonim expects to ship the newest purchase order starting from the fourth quarter and into 2023, driving sequential revenue growth over the third quarter of 2022.
The latest tablet order follows $13.9 million in tablet orders delivered in the third quarter. The new device revenue streams exemplify Sonim’s strategy to expand into the broader consumer durable and industrial equipment market by leveraging its engineering expertise, rugged heritage and ODM capabilities.
Additionally, Sonim has announced availability of its new XP10 5G Android smartphone device, completing the refresh of its rugged mobile devices lineup sold by North American Tier One carrier partners.
“We continue to execute on the new management team’s strategy to deliver purpose built mobile devices to our carrier partners while entering large and underserved markets adjacent to our core rugged capabilities,” said Sonim CEO Peter Liu. “Additionally, with the recently announced launch of our XP10 rugged 5G smartphone, our core rugged mobile device family is fully refreshed and available for North American carrier partners. We believe Sonim is now well positioned to further grow revenue across an exciting opportunity set of legacy rugged and new core industrial and consumer durable applications as we move steadily toward our goal of profitable operations.”
The ODM-built tablet features an eight-inch display with 4G LTE connectivity running on a Qualcomm Snapdragon chipset. The tablet targets both enterprise and consumer applications, including service and education applications. The new tablet project is not expected to represent inventory risk for Sonim, as the tablets are built to customer purchase orders.
