Technology · Communication Equipment
Price
$5.70
Market Cap
$5.9M
Employees
160
Beta
1.85
Avg Volume
41,729
CEO
Michael C. Mulica
Business Description
DNA X, Inc., formerly known as Sonim Technologies, Inc. until its rebranding in January 2026, is a company established in 1999 and headquartered in San Diego, California. The firm specializes in delivering enterprise-grade 5G solutions across a broad international footprint, encompassing the United States, Canada, Europe, the Middle East, and the Asia-Pacific region. Their product portfolio includes a comprehensive range of ruggedized communication devices tailored for frontline and task workers. This lineup features models such as the Sonim XP10, Sonim XP5plus, Sonim XP3plus, Sonim XP Pro, as well as the XP100 4G and XP400 5G professional rugged phones, XP Pro 5G rugged smartphones, and XP3plus 5G rugged flip phones. Beyond handsets, DNA X, Inc. also provides connected solutions, offering both fixed wireless access and mobile hotspot devices. These include the Sonim H100 low- and mid-range mobile hotspots, the Sonim H700, and the advanced Sonim H500-series of 5G mobile hotspots. Complementing its hardware offerings, the company supplies proprietary SonimWare software and a selection of industrial-grade accessories. DNA X, Inc. distributes its products through a diverse network that includes wireless carriers, data device distributors, communications system integrators, and electronics resellers. The company's clientele spans various critical industries, including transportation and logistics, construction, manufacturing, facilities management, energy and utilities, mining, federal government agencies, and public safety organizations.
Business History
Price Overview
Last updated: Jun 27, 2026 8:01am (just now)$5.70
+0.98 (+20.76%)
Day Range
$4.68 – $5.95
52-Week Range
$2.52 – $32.04
50-Day MA
$4.62
200-Day MA
$6.54
Volume
54,285.00
Share Structure
Outstanding
1,028,887.00
Float
817,430.00
Free Float
79.4%
Normal free float
— 79.4% of shares trade freely, ~20.6% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Small absolute float (0.8M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.20
Stock Price: $5.70
EPS (Diluted): -28.58
EPS (Diluted): -28.58
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-0.35
Stock Price: $5.70
Total Equity: -$6.73M
Shares: 13,008,402
Total Equity: -$6.73M
Shares: 13,008,402
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.75
Market Cap: $5.86M
Total Debt: $5.07M
Cash: $1.30M
EBITDA: -$2.17M
Total Debt: $5.07M
Cash: $1.30M
EBITDA: -$2.17M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$6.1M
Market Cap: $5.86M
Total Debt: $5.07M
Cash: $1.30M
Total Debt: $5.07M
Cash: $1.30M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.00
Stock Price: $5.70
Revenue: $0.00
Shares: 13,008,402
Revenue: $0.00
Shares: 13,008,402
EV/Sales (Total value vs revenue — works when P/E can't)
API0.00
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
0.0%
Gross Profit: -$4.30M
Revenue: $0.00
Revenue: $0.00
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
0.0%
Operating Income: -$5.41M
Revenue: $0.00
Revenue: $0.00
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
0.0%
Net Income: -$20.66M
Revenue: $0.00
Revenue: $0.00
ROE (Profit from shareholder equity)
APINet Income / Total Equity
668.2%
Net Income: -$20.66M
Total Equity: -$6.73M
Total Equity: -$6.73M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-101.1%
Operating Income: -$5.41M
Tax Rate: 0.0%
Equity: -$6.73M
Total Debt: $5.07M
Cash: $1.30M
Tax Rate: 0.0%
Equity: -$6.73M
Total Debt: $5.07M
Cash: $1.30M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.60
Current Assets: $28.91M
Current Liabilities: $48.03M
Current Liabilities: $48.03M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-0.75
Short-Term Debt: $5.07M
Long-Term Debt: $0.00
Total Debt: $5.07M
Total Equity: -$6.73M
Long-Term Debt: $0.00
Total Debt: $5.07M
Total Equity: -$6.73M
Rev/Share (Top-line per share)
Revenue / Shares Outstanding
—
Revenue: $0.00
Shares: 13,008,402
Shares: 13,008,402
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-0.52
Total Equity: -$6.73M
Shares: 13,008,402
Shares: 13,008,402
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.81
Operating CF: -$23.53M
CapEx: $0.00
Shares: 13,008,402
CapEx: $0.00
Shares: 13,008,402
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $5.70
Stock Price: $5.70
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$20.66M
Net Income: -$20.66M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SONM against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 2:11pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $54.6M | $69.8M | $93.6M | $58.3M | $0 |
| Cost of Revenue | $48.2M | $58.2M | $74.3M | $48.4M | $4.3M |
| Gross Profit | $6.4M | $11.6M | $19.3M | $9.9M | -$4.3M |
| Operating Expenses | $44.4M | $25.9M | $18.8M | $43.6M | $1.1M |
| Operating Income | -$38.0M | -$14.3M | $513,000 | -$33.6M | -$5.4M |
| Net Income | -$38.6M | -$14.1M | $-90,000 | -$33.6M | -$20.7M |
| EBITDA | -$36.3M | -$11.4M | $2.5M | -$29.8M | -$2.2M |
| EPS | $-40.81 | $-4.88 | $-0.02 | $-7.13 | $-28.58 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 2:11pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $11.2M | $13.2M | $9.4M | $5.3M | $1.3M |
| Total Current Assets | $35.7M | $43.6M | $43.8M | $32.2M | $28.9M |
| Total Assets | $41.1M | $53.7M | $56.0M | $39.7M | $43.9M |
| Current Liabilities | $21.0M | $32.1M | $32.1M | $43.7M | $48.0M |
| Long-Term Debt | $66,000 | $0 | $0 | $0 | $0 |
| Total Liabilities | $22.5M | $33.6M | $33.7M | $45.4M | $50.6M |
| Total Equity | $18.6M | $20.0M | $22.4M | -$5.7M | -$6.7M |
| Retained Earnings | -$234.8M | -$249.9M | -$250.0M | -$283.6M | -$304.3M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 2:11pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$38.5M | -$12.4M | -$4.1M | -$8.5M | -$23.5M |
| Capital Expenditure | $-46,000 | $-8,000 | $-36,000 | $-214,000 | $0 |
| Free Cash Flow | -$38.5M | -$12.4M | -$4.1M | -$8.7M | -$23.5M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$10.9M | $2.0M | -$3.8M | -$4.1M | -$4.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 8:28pm (11h ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue |
$107.8M $107.8M – $107.8M
|
$62.9M $62.9M – $62.9M
|
$130.1M $130.1M – $130.1M
|
$143.2M $143.2M – $143.2M
|
| EBITDA |
-$37.4M -$37.4M – -$37.4M
|
-$4.0M -$4.0M – -$4.0M
|
-$8.2M -$8.2M – -$8.2M
|
-$9.0M -$9.0M – -$9.0M
|
| Net Income |
$34.0M $34.0M – $34.0M
|
-$707.1M -$707.1M – -$707.1M
|
$196.7M $196.7M – $196.7M
|
$259.9M $259.9M – $259.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 2:11pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +28.0% | +34.1% | -37.7% | -100.0% |
| Gross Profit Growth | +81.2% | +66.3% | -48.7% | -143.3% |
| Operating Income Growth | +62.4% | +103.6% | -6,657.3% | +83.9% |
| Net Income Growth | +63.5% | +99.4% | -37,286.7% | +38.6% |
| EBITDA Growth | +68.5% | +121.9% | -1,291.1% | +92.7% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-12-15 | DNA Holdings Venture Inc. | 0.00 | $0.00 | $0 | |
| 2026-02-09 | Crolius Clayton | A-Award | 35,000.00 | $0.00 | $0 |
| 2026-02-09 | MULICA MICHAEL C | A-Award | 50,000.00 | $0.00 | $0 |
| 2025-07-18 | Thangadurai George | 0.00 | $0.00 | $0 | |
| 2025-07-02 | LYTTON LAURENCE W | 0.00 | $0.00 | $0 | |
| 2025-06-26 | LYTTON LAURENCE W | S-Sale | 466,402.00 | $1.50 | $699,603 |
| 2025-06-30 | LYTTON LAURENCE W | S-Sale | 400,514.00 | $1.39 | $556,714 |
| 2025-05-12 | LYTTON LAURENCE W | 0.00 | $0.00 | $0 | |
| 2025-05-12 | LYTTON LAURENCE W | 0.00 | $0.00 | $0 | |
| 2025-05-12 | LYTTON LAURENCE W | 400,000.00 | $1.39 | $554,560 | |
| 2025-04-29 | LYTTON LAURENCE W | 0.00 | $0.00 | $0 | |
| 2025-04-23 | Becher Charles | S-Sale | 31,326.00 | $1.45 | $45,423 |
| 2025-04-23 | MULICA MICHAEL C | S-Sale | 27,818.00 | $1.45 | $40,336 |
| 2025-04-23 | Crolius Clayton | S-Sale | 11,634.00 | $1.45 | $16,869 |
| 2025-04-23 | Cassano James S | S-Sale | 23,381.00 | $1.45 | $33,902 |
| 2025-04-23 | Wang Jeffrey | S-Sale | 4,478.00 | $1.45 | $6,493 |
| 2025-04-23 | Steenstra Jack | S-Sale | 23,381.00 | $1.45 | $33,902 |
| 2025-03-31 | MULICA MICHAEL C | A-Award | 46,728.00 | $0.00 | $0 |
| 2025-03-31 | Steenstra Jack | A-Award | 46,728.00 | $0.00 | $0 |
| 2025-03-31 | Cassano James S | A-Award | 46,728.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SONM — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30