earnings
confidence high
sentiment positive
materiality 0.65
Sonendo Q3 revenue $7.9M (+29% YoY); FY2021 guidance $32-32.5M
Sonendo, Inc.
- Total revenue $7.9M, up 29% YoY; net loss $12.7M vs $10.6M in Q3 2020.
- GentleWave console rev $1.8M (+44%), procedure instruments $3.7M (+30%), software $1.7M (+17%).
- Gross margin improved to 26.0% from 19.6%, driven by lower inventory charges and overhead absorption.
- Cash $13.7M at Sep 30; IPO closed Nov 2 with $84M net proceeds added post-quarter.
- FY2021 revenue guidance $32M-$32.5M; Q4 typically strongest quarter.