Sonendo Q1 revenue $9.0M (+22% YoY); net loss widens to $15.5M

Sonendo, Inc.

2023-Q1 EPS reported -$0.59 revenue$9,033,000

Revenue $9.0M, up 22% from $7.4M in Q1 2021; gross margin improved to 25% from 23%.
Net loss $15.5M vs $10.9M; operating loss $14.6M; non-GAAP operating loss $12.8M.
Procedure instrument revenue $4.3M, console $2.1M, software $1.8M; install base ~850 units.
Amended credit agreement with Perceptive Credit added $20M available; cash $66.1M, debt $30.0M.
FY2022 revenue guidance unchanged at $40-43M; full commercial launch of CleanFlow Technology in April.

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