Sonim Technologies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Entity Level Information (Tables)

Entity Level Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Information—The Company operates in one reporting segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker, who is the chief executive officer, in deciding how to allocate resources and assessing performance. The Company’s chief operating decision maker allocates resources and assesses performance based upon discrete financial information at the consolidated level.

The following table summarizes the revenue by region based on ship-to destinations for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2019		2018		2019		2018
U.S	$	23,170	$	33,030	$	78,401	$	69,583
Canada and Latin America		3,964		3,517		13,255		10,149
Europe and Middle East		756		2,012		4,766		8,098
Asia Pacific		960		939		2,659		1,308
	$	28,850	$	39,498	$	99,081	$	89,138

Composition of Revenues

The composition of revenues for the three and nine months ended September 30, 2019 and 2018 is follows:

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2019		2018		2019		2018
Product Sales	$	28,773	$	38,892	$	98,714	$	86,876
Services		77		606		367		2,262
Total revenues	$	28,850	$	39,498	$	99,081	$	89,138

Percentage of Total Revenues

Revenue from customers with concentration greater than 10% in the three and nine months ended September 30, 2019 and 2018, accounted for approximately the following percentage of total revenues:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018
Customer A	25%	16%	31%	15%
Customer B	*	19%	*	18%
Customer C	19%	*	20%	*
Customer D	19%	13%	12%	12%
Customer E	*	33%	*	31%

*	Customer revenue did not exceed 10% in the respective periods.