Sonim Technologies Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Subsequent Events

Subsequent Events	12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 14 —Subsequent Events Subsequent to December 31, 2019, the World Health Organization declared the novel coronavirus outbreak a public health emergency. The outbreak caused the Chinese government to place restrictions on travel and other activities throughout the country. The Company operates facilities in China. In cooperation with the government authorities, the Company’s operations in China extended their Chinese New Year holiday shut down for several weeks. While operations have resumed, the Company’s operating subsidiaries in Shenzhen and Hong Kong may continue to operate at below normal levels due to the continued restrictions on travel in China and labor shortages. The related financial impact cannot be reasonably estimated at this time but is expected to materially affect the Company’s consolidated results for the first and second quarter and full year of fiscal 2020. On January 17, 2020, Sonim Technologies, Inc. (the “Company”) and Mr. Charles Becher agreed that Mr. Becher would no longer serve as the Company’s Chief Sales and Marketing Officer, effective immediately. Mr. Becher will be paid the separation benefits he is entitled to in accordance with, and subject to the conditions set forth in, his existing agreement with the Company, of approximately $189. On February 27, 2020, and March 31, 2020 there was a workforce reduction of 119 employees and contractors as part of the ongoing cost reduction in the United States, China and India.

Subsequent Events

12 Months Ended

Dec. 31, 2019

NOTE 14 —Subsequent Events

Subsequent to December 31, 2019, the World Health Organization declared the novel coronavirus outbreak a public health emergency. The outbreak caused the Chinese government to place restrictions on travel and other activities throughout the country. The Company operates facilities in China. In cooperation with the government authorities, the Company’s operations in China extended their Chinese New Year holiday shut down for several weeks. While operations have resumed, the Company’s operating subsidiaries in Shenzhen and Hong Kong may continue to operate at below normal levels due to the continued restrictions on travel in China and labor shortages. The related financial impact cannot be reasonably estimated at this time but is expected to materially affect the Company’s consolidated results for the first and second quarter and full year of fiscal 2020.

On January 17, 2020, Sonim Technologies, Inc. (the “Company”) and Mr. Charles Becher agreed that Mr. Becher would no longer serve as the Company’s Chief Sales and Marketing Officer, effective immediately. Mr. Becher will be paid the separation benefits he is entitled to in accordance with, and subject to the conditions set forth in, his existing agreement with the Company, of approximately $189.

On February 27, 2020, and March 31, 2020 there was a workforce reduction of 119 employees and contractors as part of the ongoing cost reduction in the United States, China and India.