<SEC-DOCUMENT>0000000000-19-004582.txt : 20190607
<SEC-HEADER>0000000000-19-004582.hdr.sgml : 20190607
<ACCEPTANCE-DATETIME>20190312170840
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-19-004582
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20190312

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
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<TEXT>
                                                            March 12, 2019

Robert Plaschke
Chief Executive Officer
Sonim Technologies, Inc.
1875 South Grant Street
Suite 750
San Mateo, CA 94402

       Re: Sonim Technologies, Inc.
           Draft Registration Statement on Form S-1
           Submitted February 14, 2019
           CIK No. 0001178697

Dear Mr. Plaschke:

       We have reviewed your draft 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 providing the requested information and
either submitting
an amended draft registration statement or publicly filing your registration
statement on
EDGAR. 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 the information you provide in response to these comments
and your
amended draft registration statement or filed registration statement, we may
have additional
comments.

Draft Registration Statement on Form S-1

Prospectus Summary, page 1

1.     Balance your disclosure and prominent use of the term "solutions" to
clarify your primary
       business by stating at the outset that you are a provider of ruggedized
mobile phones.
2.     Revise your prospectus summary to clarify the distinctions and/or
crossover between your
       channel partners, customers, and end customers. For example, clarify
whether your
       channel partners are also considered customers and whether the "end
customers" are
       individuals using the devices or enterprises who enter into agreements
with carriers for
       purchases of your devices and services.
 Robert Plaschke
FirstName LastNameRobert Plaschke
Sonim Technologies, Inc.
Comapany2019
March 12, NameSonim Technologies, Inc.
March 12, 2019 Page 2
Page 2
FirstName LastName

3.       Include a brief overview discussing how your channel partnerships are
structured. For
         example, discuss any incentives you provide to the channel partners in
return for them
         marketing and selling your products.
Risk Factors
Risks Related to Our Business
We rely on our channel partners to generate a substantial majority of our
revenues..., page 11

4.       Expand your disclosure under this risk factor to address the risks
associated with relying
         on third parties to market and sell your products as opposed to
employing a direct sales
         force of your own. Disclose whether you have any long-term commitments
or agreements
         with your channel partners to sell your products for an extended time
frame and explain
         the components of your channel partners expected performance by you.
We are required to undergo a lengthy customization and certification process
for each wireless
carrier customer..., page 14

5.       Expand your discussion to provide more detail regarding the
customization and
         certification process and quantify the impact to your operating
expenses.
The loss of, or significant reduction in orders from, any of [our top five]
customers could
significantly reduce our revenues..., page 15

6.       Disclose the percentage of your revenues derived from these
significant customers for the
         two most recent fiscal years. To provide additional context, explain
the significance of
         and reason for the increase in revenues from these customers in 2018.
Our future success is dependent on our ability to create independent brand
awareness..., page 16

7.       Please disclose the costs associated with your efforts to establish
stand-alone brand
         awareness with the end customers of your products and how you manage
such costs.
Risks Related to this Offering and Our Common Stock, page 29

8.       Provide risk factor disclosure with respect to the provision in your
amended and restated
         certificate of incorporation designating the federal district courts
as the sole and exclusive
         forum for the resolution of any complaint asserting a cause of action
arising under the
         Securities Act. Your disclosure should address any question as to
whether the provision is
         enforceable.
Our amended and restated certificate of incorporation will designate the Court
of Chancery of the
State of Delaware as the sole..., page 34

9.       Clarify whether you intend this provision to apply to suits brought to
enforce a duty or
         liability created by the Securities Exchange Act of 1934.
 Robert Plaschke
FirstName LastNameRobert Plaschke
Sonim Technologies, Inc.
Comapany2019
March 12, NameSonim Technologies, Inc.
March 12, 2019 Page 3
Page 3
FirstName LastName
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Company Overview, page 47

10.      You disclose that in 2018, several large wireless carriers decided to
stock your entire next
         generation product portfolio for the first time in your operating
history, resulting in your
         revenues increasing by more than 100% from the prior year. Highlight
the reasons for the
         expanded adoption of your products and discuss whether you anticipate
any material
         changes to the nature of your relationship with these wireless
carriers.
Key Metrics, page 48

11.      Disclose whether management uses any metrics related to your
industrial-grade
         accessories or cloud-based software and application services. Also
discuss what factors
         may influence whether management will implement metrics related to
those sources of
         revenue in the future.
Adjusted EBITDA, page 48

12.      We note from your disclosures on page F-25 that you obtained a waiver
from one of your
         lenders due to your failure to comply with an EBITDA covenant as of
December 31,
         2017. Please revise to disclose EBITDA as calculated by the debt
covenant and reconcile
         it to the most directly comparable GAAP measure. Please also disclose
the actual or
         reasonably likely effects of compliance or non-compliance with the
covenant on your
         financial condition and liquidity, including the impact of any
cross-default provisions
         within other credit agreements. Refer to Question 102.09 of the C&DI
on Non-GAAP
         Financial Measures as well as Items 10(e) and 303(a)(1) of Regulation
S-K.
Factors Affecting Our Results of Operations
Research and Development, page 49

13.      You discuss the need to undertake a multi-month technical approval
process with each
         carrier before your products can be stocked. Provide additional
clarity as to how your
         customer agreements, which appear to include both products and
non-recurring
         engineering services, are structured. For example, disclose whether
you typically receive
         any purchase commitments from the carriers or channel partners prior
to beginning the
         customization and approval process.
Customer Concentration, page 50

14.      On page 1 and elsewhere throughout the filing, you identify several
large wireless carriers
         in the United States and Canada as your customers. Please revise to
clarify which carrier
         customers accounted for at least 10% of your revenues. Please refer to
Item 101(c)(1)(vii)
         of Regulation S-K.
 Robert Plaschke
FirstName LastNameRobert Plaschke
Sonim Technologies, Inc.
Comapany2019
March 12, NameSonim Technologies, Inc.
March 12, 2019 Page 4
Page 4
FirstName LastName
Critical Accounting Policies and Estimates
Stock -Based Compensation, page 57

15.      You disclose on page F-41 that between November 2018 and January 2019,
you sold
         1,498,533 shares of common stock to accredited investors for $7.18 per
share. We also
         note your disclosure on page 79 that certain officers were granted
stock options in
         September 2018 at an exercise price of $0.90 per share. Once you have
an estimated
         offering price or range, please explain to us how you determined the
fair value of the
         common stock underlying all equity related issuances during the last
twelve months and
         the reasons for any differences between the recent valuations of your
common stock
         leading up to the IPO and the estimated offering price. This
information will help
         facilitate our review of your accounting for equity issuances
including stock
         compensation.
Business
Our Industry
Public Sector Market Opportunity, page 61

16.      We note that your revenues to date have primarily derived from the
industrial enterprise
         market. Discuss in greater detail how you plan to expand your
offerings to penetrate the
         public sector markets. Clarify how the establishment of the First
Responder Network
         impacts those plans, and address how you expect your offerings will
enable the use
         of dedicated LTE networks.
Our Strategy, page 63

17.      We note that you plan to expand your cloud-based software and
application services
         beginning this year. Explain management's plan for expanding these
services, and discuss
         whether and how you envision developing new software and subscription
services such
         that they will become an increasingly important component of the
Company's operations
         and revenue generation. Discuss in greater detail what
subscription-based products or
         services you plan to offer.
Consolidated Financial Statements
Note 1 - The Company and Its Significant Accounting Policies
Revenue Recognition, page F-9

18.      Please expand your revenue recognition, cost of revenues and research
and development
         policy disclosures, as applicable, to address the technical approval
process you describe
         on pages 49 and 50. Further clarify if the customization,
certification and testing costs
         that you incur are in connection with your fulfillment of your sales
contract or are deemed
         pre-contract costs.
 Robert Plaschke
Sonim Technologies, Inc.
March 12, 2019
Page 5
General

19.      Please supplementally provide us with copies of all written
communications, as defined in
         Rule 405 under the Securities Act, that you, or anyone authorized to
do so on your behalf,
         present to potential investors in reliance on Section 5(d) of the
Securities Act, whether or
         not they retain copies of the communications.
        You may contact Kathryn Jacobson, Staff Accountant, at (202) 551-3365
or Lisa
Etheredge, 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 Celeste M. Murphy, Legal Branch Chief, at (202) 551-3257
with any other
questions.



FirstName LastNameRobert Plaschke                              Sincerely,
Comapany NameSonim Technologies, Inc.
                                                               Division of
Corporation Finance
March 12, 2019 Page 5                                          Office of
Telecommunications
FirstName LastName
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