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SONM · NASDAQ · Communication Equipment

DNA X (SONM)

Non-custodial crypto platform for automated swaps and decentralized-exchange strategies.

$4.04
vs last close−0.01 (−0.25%)
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DNA X, Inc.SONM
Information Technology

Operates a limited-release, non-custodial platform where individual traders configure crypto swaps and automated orders, earning commissions on completed trades. Its sole operating focus followed the sale of the former device business, and transaction activity depends on crypto-market conditions, supported assets, and external service providers.

Provides a limited-release, non-custodial cryptocurrency trading platform for individual users worldwide. The DNA X/DNAX DeFi web platform supports immediate swaps, limit orders, grid/range orders, recurring trades, shareable strategies, and strategy histories; customers retain assets before and after trades. Commissions on completed trades form the revenue model, with the company seeking lower fees and a low-cost operating model.

Operates as the public-company successor to Sonim after the sale of substantially all device and hotspot assets, leaving crypto trading as its sole operating focus. Platform performance remains monitored for bugs, while transaction activity depends on crypto-market conditions and supported assets. Operations rely on a small employee base, contractors, licensed software, and third parties for cloud services, compliance, payments, development, and customer service.

Company facts

CEOMichael "Mike" Mulica
ListedMay 10, 2019
ExchangeNASDAQ
HeadquartersSan Diego, CA
CountryUnited States
Employees4
CIK0001178697
ISINUS83548F4081

Market cap$6.0M
EPS (ttm)$2.08
P/E (ttm)1.95
ROE
P/B
P/S
Dividend yieldDiv yield
Beta0.84vs XLK 1.49

No analyst consensus on record.

Next report
Nov 17, 26
in 56 days
EPS estimate
$5.04
Revenue estimate
$36.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Oct '25Apr '26May '26Aug '26Nov '26
Reported−$0.81$1.44−$10.97−$3.86−$10.97−$3.11−$1.05Pending
Estimate$0.00−$2.34$0.72$5.40$10.97$5.04$5.22$5.04
Surprise+161.5%−1,623.6%−171.5%−200.0%−161.7%−120.1%

RevenueReportedEstimate

Mar '25May '25Aug '25Oct '25Apr '26May '26Aug '26Nov '26
Reported$15.0M$16.7M$11.2M$16.2M−$44.1M$0Pending
Estimate$19.6M$25.4M$29.2M$34.3M$41.2M$35.0M$35.7M$36.1M
Surprise−23.3%−34.2%−61.6%−52.8%−207.1%−100.0%
Estimate$5.04
ReportedDue Nov 17, 2026
Estimate$36.1M
ReportedDue Nov 17, 2026
View details

Current ratio56.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$15.0M$15.0M$16.7M$11.2M$16.2M−$44.1M$0$0
Net income−$2.5M−$21.6M$458.0K−$7.5M−$4.8M−$8.9M$6.3M−$1.2M
Net margin0.0%0.0%2.7%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.4M−$22.1M$645.0K−$6.7M−$4.0M$4.7M−$3.6M−$1.3M
YoY growthTurned lossLoss widenedTurned profitLoss widenedLoss widenedTurned profitTurned lossLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $900.0K · Total debt $2.4M · Total assets $4.5M · Shareholders' equity −$1.2M

Revenue
$0
Operating income
−$1.3M
Net income
−$1.2M
View details

No dividends on record.

Institutions5.94%88.4K shares
9 holders · as of Jun 30, 2026
Insiders15.88%236.3K shares
9 holders · as of May 15, 2026
Strategic holders22.27%331.4K shares
2 holders · as of Feb 20, 2026
Other55.91%832.2K shares
remainder

1.49M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
DNA Holdings Venture Inc.Strategic10 percent owner
15.00%223,201filed Feb 20, 2026
Laurence W. Lytton1Insider10 percent owner
8.09%120,357filed May 15, 2026
Orbic North America LLCStrategic10 percent owner
7.27%108,186filed Mar 21, 2025
Michael C. MulicaInsiderdirector, officer: Acting CEO
3.63%54,071filed Feb 10, 2026
Clayton CroliusInsiderofficer: Chief Financial Officer
2.47%36,719filed Feb 10, 2026
  1. Laurence W. Lytton's transaction reports restate only vehicles that traded; the 2026 ownership statement (120.4K) is used instead.

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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