# DNA X, Inc. (SONM)

> Source: Nexqual · https://nexqual.com/SONM · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, DNA X, Inc. (SONM), nexqual.com/SONM" · informational, not investment advice.

**Price:** USD 3.08 (-3.47% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 3.19 · day 3.08–3.25 · 52w 2.52–12.3 · market cap $4.6M · NCM

## Key facts
- Total return with dividends: 1Y -75.7% vs S&P 500 +13.4%; 5Y -99.3% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $54.6M | $69.8M | $93.6M | $58.3M | — | — |
| Gross profit | $6.4M | $11.6M | $19.3M | $9.9M | — | — |
| Operating income | -$38.0M | -$14.3M | $513K | -$3.1M | -$5.4M | -$4.2M |
| Net income | -$38.6M | -$14.1M | -$90K | -$33.6M | -$20.7M | -$8.5M |
| EPS (diluted) | -$734.40 | -$88.20 | -$0.36 | -$128.37 | -$28.58 | — |
| Free cash flow | -$38.5M | -$12.4M | -$4.1M | -$8.7M | — | — |
| Gross margin | 11.8% | 16.6% | 20.6% | 17.0% | — | — |
| Operating margin | -69.6% | -20.5% | 0.5% | -5.3% | — | — |
| Net margin | -70.8% | -20.2% | -0.1% | -57.7% | — | — |
| Revenue growth | -14.7% | +28.0% | +34.1% | -37.7% | — | — |
| Cash + short-term investments | $11.2M | $13.2M | $9.4M | $5.3M | $1.3M | — |
| Total debt | $214K | — | — | — | $10.1M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
Earnings yield -186.47%

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -75.7% | -99.3% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -75.8% | -62.4% |
| Volatility (annualized) | 122.9% | 112.0% |
| Max drawdown | -78.3% (Oct 2025→Dec 2025) | -99.3% (Oct 2021→Dec 2025) |

## Peers (Capital Markets)
MIAX (Miami International Holdings, I) USD 33.98 -2.89% · LAZ (Lazard, Inc.) USD 37.21 -0.24% · MC (Moelis & Company) USD 54.53 -0.96% · PIPR (Piper Sandler Companies) USD 64.63 -1.39% · RIOT (Riot Platforms, Inc.) USD 12.53 -2.79% · VIRT (Virtu Financial, Inc.) USD 55.93 -0.57%

## More
Full page: https://nexqual.com/SONM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2025-09-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Smart Phones | $8.1M | 50.0% | +1.9% |
| Connected Solutions | $4.0M | 24.7% | +8063.3% |
| Feature Phones | $3.8M | 23.4% | -43.9% |
| Accessories & Other | $305,000 | 1.9% | +29.2% |
| Total revenue | $16.2M | 100% | — |

## Revenue by region (quarter ended 2025-09-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $11.8M | 72.5% | +0.8% |
| Canada | $2.6M | 16.1% | -17.7% |
| Europe & Middle East | $1.8M | 11.2% | +2268.8% |
| Asia Pacific | $10,000 | 0.1% | -89.8% |
| Total revenue | $16.2M | 100% | — |

## Customer concentration

Period ended 2025-09-30: 31%, 20% of revenue from unnamed direct customers (10-Q, filed 2025-10-31).

## Company outlook (8-K filed 2026-05-20)

- "We expect general & administrative expenses to be much lower in the next few quarters because we have downsized the organization and we have completed our annual audit. ● Cash Position: We ended the quarter with $1.2 million in cash from continuing operations."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2025-03-31) | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2025-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |