Sonim Technologies (STU:2W9A) Cash, Cash Equivalents, Marketable Securities : €8.51 Mil (As of Mar. 2024)

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What is Sonim Technologies Cash, Cash Equivalents, Marketable Securities?

Sonim Technologies's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (€9.18 Mil) to Dec. 2023 (€8.62 Mil) but then stayed the same from Dec. 2023 (€8.62 Mil) to Mar. 2024 (€8.51 Mil).

Sonim Technologies's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (€9.94 Mil) to Dec. 2022 (€12.47 Mil) but then declined from Dec. 2022 (€12.47 Mil) to Dec. 2023 (€8.62 Mil).

Sonim Technologies Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sonim Technologies's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sonim Technologies Cash, Cash Equivalents, Marketable Securities Chart

Sonim Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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10.17

18.20

9.94

12.47

8.62

Sonim Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															8.37	8.97	9.18	8.62	8.51

Sonim Technologies Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Sonim Technologies (STU:2W9A) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Sonim Technologies Cash, Cash Equivalents, Marketable Securities Related Terms

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Sonim Technologies (STU:2W9A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sonim Technologies Inc (STU:2W9A) » Definitions » Cash, Cash Equivalents, Marketable Securities

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SONM:USA 2W9A:Germany

Address

4445 Eastgate Mall, Suite 200, San Diego, CA, USA, 92121

Website

https://www.sonimtech.com

Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the United States, and to Bell, Rogers, and Telus Mobility in Canada. These products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.

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