DNA X (NASDAQ:SONM) announced its full-year 2025 financial results on Wednesday, April 15, 2026, marking the company’s first comprehensive report since pivotting from hardware manufacturing to the cryptocurrency sector.
The company, formerly known as Sonim Technologies, completed a series of transformative corporate actions designed to focus entirely on its new digital asset trading business.
The 2025 fiscal year served as a bridge for the company's radical restructuring.
In November 2025, the firm launched DNA X.us, a domestic digital asset portal, followed by the acquisition of the global DNA X cryptocurrency trading platform in December 2025.
To finalize its exit from legacy operations, the company sold its mobile device assets to NEXA on January 23, 2026.
The proceeds from the sale were utilized to retire existing debt and will serve as the primary funding vehicle for the expansion of the trading platform.
Financial metrics from the reporting period reflect a company in transition.
Cash provided by continuing operations stood at $1.3 million, while fourth-quarter General and Administrative (G&A) expenses for continuing operations were reported at $1.2 million.
These figures represent the foundational costs of the new corporate structure as it moves away from the capital-intensive hardware manufacturing model.
The transition has also brought significant leadership changes.
On January 30, 2026, the company’s Chief Executive Officer resigned, leading to the appointment of an acting CEO to oversee the integration of the crypto platform.
Additionally, a new board member from DNA Holdings was appointed to provide strategic oversight as the firm navigates the regulatory and operational complexities of the digital asset market.