An investigation for investors in Sonim Technologies, Inc. (NASDAQ: SONM) shares over potential securities laws violations by Sonim Technologies, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/23/2019 -- An investigation was announced on behalf of investors in NASDAQ: SONM shares concerning potential securities laws violations by Sonim Technologies, Inc.
Investors who purchased shares of Sonim Technologies, Inc. (NASDAQ: SONM), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Sonim Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Mateo, CA based Sonim Technologies, Inc. provides ruggedized mobile phones and accessories for task workers. Sonim Technologies, Inc. Reported that ist annual Total Revenue rose from $59.03 million in 2017 to $135.66 million in 2018 and that its Net Loss of $8.51 million in 2017 turned into a Net Income of $1.27 million in 2018.
Sonim Technologies, Inc. conducted its initial public offering ("IPO") on May 9, 2019 at an offering price of $11 per share.
On June 24, 2019, Sonim Technologies, Inc. Reported its first quarter 2019 financial results and issued its second quarter 2019 financial outlook.
Shares of Sonim Technologies, Inc. (NASDAQ: SONM) declined to as low as $3.25 per share on September 12, 2019.
Those who purchased shares of Sonim Technologies, Inc. (NASDAQ: SONM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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