World News: 15:24 GMT Wednesday 11th September 2019. [Kehoe Law Firm via Globe Newswire via SPi World News]
PHILADELPHIA, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating claims on behalf of investors of Sonim Technologies, Inc. (“Sonim” or the “Company”) () to determine whether Sonim or any of its officers violated federal securities laws.
On September 10, 2019, Sonim, “a leading U.S. provider of ultra-rugged mobility solutions designed specifically for task workers physically engaged in their work environments,” issued “.”
Specifically, the Company stated the following:
Additionally, the Company stated that it “. . . bases its forecasts on its wireless carrier’s forecasts of their purchase of Sonim’s products. Over the past few weeks, these carriers lowered those forecasts for Sonim’s new product introductions. This summer Sonim had expected, based on customer input, carriers to subsidize Sonim phones post-launch, to place new releases in retail locations, and to sign up push-to-talk customers to Sonim’s new generation of phones. ” [Emphasis added.]
Sonim announced it “ . . . has experienced technical challenges related to its XP8 smartphone and other general non-systemic, accessory-related issues in its feature phones, which cumulatively resulted in lost sales momentum. These challenges have diverted resources away from launching smaller Tier 2 carrier customers and, as such, delayed the launch of Sonim devices to their customer base.”
This press release may constitute attorney advertising in some jurisdictions.
Globe Newswire: 15:24 GMT Wednesday 11th September 2019
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