![]() Gross profit for the year ended December 31, 2021, was $6.4 million, or 11.8% of revenues, versus 23.8% of revenues for the year ended December 31, 2020. Revenue reflected changes in product mix as well as declining sales of certain legacy products in Sonim's product refresh cycle, partially offset by increased sales of flip phones, driven by the launch of Sonim's new XP3plus device. Revenue for the full year 2021 was $54.6 million, compared with $64.0 million in the full year 2020. With the launch of these additional devices, we believe Sonim will have a fully refreshed line of ultra-rugged mobile devices tailored to large global addressable markets where our unique design features deliver significant value to enterprise and public sector customers." These additional products include a new 5G rugged smartphone and a feature phone with new features commonly found on radios, making it an ideal solution for the growing Push-to-Talk over Cellular (PTToC) market. We continued to make good progress with the development of our additional next generation products scheduled for initial release in the third quarter. carriers, Canadian carriers, and for the first time in the Company's history, opening worldwide addressable market opportunities for further international expansion. Said Bob Tirva, President, Chief Financial Officer and Chief Operating Officer: "We are pleased with the response to our XP3plus next generation rugged flip phone that is now available across multiple major U.S.
0 Comments
Leave a Reply. |