Sonim Technologies Inc (SONM)

[Peeteman]

Agreed.

[finesand]

some material updates from company wouldn't hurt to support the soft uptrend (o8>

[Peeteman]

I agree. Reversal depends on how quickly they remedy software issues and whether their delays have long term impact on sales. We shall see.

[finesand]

AFAIK the PT has been dramatically reduced from over $10 to $8.

My experience here, esp when stock is plunging and still above 50% of a reduced PT, it will get below that 1/2 PT.
So this has been 'achieved' for now.

Company would need to deliver some hopeful news, confirming they can continue with their biz strategy - selling through those phone vendors / contracts etc and fix these outstanding issues with the phones.

Quite some capital havoc and punishment (pun intended) after the IPO for sure. Communication is also not company's strength.

Guess we have the list of negatives now.

Watching for reversal.

[Peeteman]

Another company started coverage of sonm on Friday with a Target price of $8. Other companies had set Target price in the teens up until a week ago.

[finesand]

Checked some (older) AT&T sales reviews of the phone(s) and it seems they have some issues as:
1 - dropping calls
2 - caller can't be hears (noise cancellation?)
3 - big buttons activated by accident

Point 3 is ridiculous IMHO, as a simple application logic could resolve this: gesture alike.

Point 2, if noise cancellation, this is just a user issue

Point 1 including 'reboot' is surely not fun.

Have to see how market perception and phone seller pick up the 'fixes'.
Can they continue on their recovery into cash flow positive next year?
If so - great price, otherwise a complete failure possible.
And that is probably why stock dived this low.

In comparison, $TNAV has a much more overvalued price now than $SONM
and their customers are about to potentially jump ship, not just GM.
Ford (F) may also want to downsize their cost factors.

Telecom hardware retail biz sector is not easy for SONM.
Hence the interest: Finding the bottom.

[Peeteman]

Idk. Seems to be a delay due to phone software issues. Seems they expect to be back on track by the end of the year.

[finesand]

First post: Curious whether phone/mobile retailers stock their phones

Current plunge due to hardware and software delays,
as well as lower forecasts from the mobile sector.