0000000000-19-008238.txt : 20190607
0000000000-19-008238.hdr.sgml : 20190607
20190508170757
ACCESSION NUMBER: 0000000000-19-008238
CONFORMED SUBMISSION TYPE: UPLOAD
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20190508
FILED FOR:
COMPANY DATA:
COMPANY CONFORMED NAME: SONIM TECHNOLOGIES INC
CENTRAL INDEX KEY: 0001178697
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661]
IRS NUMBER: 943336783
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: UPLOAD
BUSINESS ADDRESS:
STREET 1: 1875 SOUTH GRANT STREET
STREET 2: SUITE 750
CITY: SAN MATEO
STATE: CA
ZIP: 94402
BUSINESS PHONE: 650-378-8100
MAIL ADDRESS:
STREET 1: 1875 SOUTH GRANT STREET
STREET 2: SUITE 750
CITY: SAN MATEO
STATE: CA
ZIP: 94402
PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-19-106699
LETTER
1
filename1.pdf
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TEXT-EXTRACT
2
filename2.txt
May 8, 2019
Robert Plaschke
Chief Executive Officer
Sonim Technologies, Inc.
1875 South Grant Street
Suite 750
San Mateo, CA 94402
Re: Sonim Technologies, Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed April 29, 2019
File No. 333-230887
Dear Mr. Plaschke:
We have reviewed your amended registration statement and have the
following
comments. In some of our comments, we may ask you to provide us with
information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement
and providing the
requested information. If you do not believe our comments apply to your facts
and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.
After reviewing any amendment to your registration statement and the
information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form S-1
Preliminary Estimated Unaudited Financial Results for the Three Months Ended
March 31, 2019
Gross profit and margin, page 5
1. We note that gross profit is expected to increase from 28% for the three
months ended
March 31, 2018 to 35% for the three months ended March 31, 2019. Please
revise to
explain the reason for this increase, specifically addressing which
components of cost of
revenues decreased relative to total revenues during the first quarter
of 2019, compared to
the same period last year. To the extent that the adoption of ASC 606 is
expected to have
a material impact on your results for the three months ended March 31,
2019 as compared
to March 31, 2018, please also revise to quantify that impact.
Robert Plaschke
FirstName LastNameRobert Plaschke
Sonim Technologies, Inc.
Comapany NameSonim Technologies, Inc.
May 8, 2019
May 8, 2019 Page 2
Page 2
FirstName LastName
Results of Operations - Years Ended December 31, 2017 and 2018
Research and development, page 59
2. We note your response to comment five from our letter dated April 24,
2019. To enhance
transparency for investors as you continue to launch new products,
please revise your
discussion of research and development expenses to quantify the costs
associated with
your technical approval process during each period presented.
You may contact Kathryn Jacobson, Senior Staff Accountant, at (202)
551-3365 or Lisa
Etheredge, Senior Staff Accountant, at (202) 551-3424 if you have questions
regarding
comments on the financial statements and related matters. Please contact Joshua
Shainess,
Attorney-Adviser, at (202) 551-7951 or Kathleen Krebs, Special Counsel, at
(202) 551-3350
with any other questions.
Sincerely,
Division of
Corporation Finance
Office of
Telecommunications