DNA X Inc. Common Stock (SONM)

FairStock Score: 29/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Warren Buffett and Benjamin Graham taught me to demand durable earnings and a margin of safety. DNA X, formerly Sonim, is now a four-employee crypto trading platform, not the sort of franchise I can underwrite with confidence. Filed results show losses in FY2023, period ended 2023-12-31 (net loss $0.09M, diluted EPS -$0.02), FY2024, period ended 2024-12-31 (revenue $50.9M, net loss $33.6M, diluted EPS -$128.37), and FY2025, period ended 2025-12-31 (revenue n/a, net loss $20.7M, diluted EPS -$28.58). Revenue fell from $93.6M in FY2023 to $50.9M in FY2024, and FY2025 revenue is not available. There was a flicker in fiscal Q1 2026, the quarter ended 2026-03-31, with net income $6.3M and diluted EPS $5.01, but fiscal Q2 2026, the quarter ended 2026-06-30, swung to a net loss of $1.2M and diluted EPS -$0.92. Earlier quarters were ugly: fiscal Q2 2025, quarter ended 2025-06-30, had revenue $11.2M, net loss $7.5M and diluted EPS -$14.15; fiscal Q3 2025, quarter ended 2025-09-30, had revenue $16.2M, net loss $4.8M and diluted EPS -$4.83. On the 2026-10-13 close of $3.10, FairStock calculates P/E -4.84, ROCE -18.66%, Piotroski F-score 3/9, and a FairStock score of 29/100. P/B, ROE and D/E are unavailable, so I cannot test book value or leverage. For a financial firm, CET1, net interest margin and combined ratio are not in the data. A $4.6M market cap is not safety when profits are inconsistent and the platform is speculative; I would want consistent earnings and a visible balance sheet before calling it cheap.

In plain English: DNA X runs a crypto trading platform with only a few employees. It has lost money in each of the last four years, though it earned a profit in one recent quarter, and its sales and earnings bounce around a lot. At $3.10, the price is hard to judge as cheap or expensive because losses, missing book value and missing debt data make the numbers too weak and incomplete for a clear value call.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer